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this post was submitted on 27 Mar 2025
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I work with China. They need our business. One of my suppliers said they are 75% export.
No one is gonna start producing cheap shitty knick-knacks in the US. The will continue to be maid in China, only now they will be twice as expensive
I buy steel products for automotive industry. Not dollar store items.
So then you were probably already buying steel from US steel or Cleveland cliffs. Most automotive ateel in the US is purchased from those two firms
Correct. And in the last few weeks even with this tarriff announcement and you think business would be better, CC is shutting down plants and IIRC they are losing money. So I’m betting there’s a price increase. All metal suppliers started increasing their prices last month after the announcement to boot.
I don't think you understand what China is doing. They are using the softpower tactic to get countries to drown in debt to China. They then legally seize everything not nailed down and hollow out these countries walking away with resources and all the money
THAT is the Belt and Road initiative.