I knew that if I waited long enough, Trump would accidentally do something I approve of. China isn't the poor, little developing nation it was in 1969, and no longer require our subsidies. Along with that, the treaty also subsidizes the pollution of cargo ships to send us our cheap shit, as well as subsidizing the export of our manufacturing pollution.
Subsidy abstractions aside, were I an owner of a business that ships domestic, I'd be asking, "where's my cheap shipping?" In summary, I'm really surprised the treaty has lasted this long.
Are you a fan of Christopher Balding, who frequently writes for Bloomberg? This is the point he's been hammering for months, as someone who's also not a fan of Trump.
It's his strategy from the beginning: Fill the news with lots of inconsequential dumb things to set the bar really low, then claim success if some of the things he does is not a total disaster.
The answer to your question lies with the repeal of the Postal Accountability and Enhancement Act of 2006. You may recall, the Post Office’s financial problems all came to light in about 2007. There is a cause/effect relationship between this particular law, the USPS’ problems, and higher postal rates.
This is a hugely consequential change and one that I welcome. It's cheaper for me to order a halloween costume, remote control, etc. from Aliexpress or ebay and have it sent to me via ePacket than the SHIPPING for a domestically purchased product. In other words, the product + epacket is less than just getting a product from near by warehouse to my doorstep. This is doesn't make sense as it's the US subsidizing Chinese sellers to the detriment of US sellers, inside of the US...
I understand the desire for cheap goods and I find the tariffs questionable but this change is much needed imho.
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[ 5.7 ms ] story [ 30.9 ms ] threadSubsidy abstractions aside, were I an owner of a business that ships domestic, I'd be asking, "where's my cheap shipping?" In summary, I'm really surprised the treaty has lasted this long.
The answer to your question lies with the repeal of the Postal Accountability and Enhancement Act of 2006. You may recall, the Post Office’s financial problems all came to light in about 2007. There is a cause/effect relationship between this particular law, the USPS’ problems, and higher postal rates.
I understand the desire for cheap goods and I find the tariffs questionable but this change is much needed imho.
On the other hand I have zero doubt Chinese sellers will try to scam the system by first shipping to another cheap country on the list.