This is very niche, but very representative of the problems that American businesses are facing right now due to the embargo on China.
I have a good friend that’s a higher up at a plastics manufacturing firm. They produce plastics for all types of end users.
100% of their production happens in the U.S., and 100% of their customers are in the U.S. too.
A pure domestic business.
But. The main machinery that their company uses, is exclusively made in China. Nowhere else in the world produces the specific machinery needed to produce the plastic that my friend’s company makes.
It’s not a matter of price or convenience. Nobody else makes it.
Plastic manufacturing machinery is a very niche, relatively small, capital intensive, highly competitive, and low profit margin business.
My friend’s business needs constant replacement of parts due to the amount of wear and tear that happens in producing plastic at industrial levels.
Right now, they simply cannot get ahold of parts.
The Chinese factories have simply rerouted the business to countries that have more stable trading terms. It’s a commoditized product with universal demand, and the U.S. just doesn’t consume enough of it for the Chinese to bother right now.
So, my friend’s company is now sitting on *thousands* of idle machines that cannot run right now because parts have worn down in the past 30 days and the replacements just aren’t coming.
Thinking we can restructure in 5 weeks a global trading system that took 50 years to build is some of the most naive and elementary thinking I have ever heard.
Extraordinary number of ships at #singapore. All bunched up here because of Red Sea disruption to shipping and shifts in way things are being shipped. Fascinating. This is where commerce and geo politics come face to face
R.I.P to Johnny Rodriguez, a man who bamboozled us in our childhood with his 'Kiini Macho' show. That signature 'Rambo Bambo Boom' slogan and his dope magic tricks.
How long they lived:
Mozart: 35 years
Bob Marley: 36 years
Ada Lovelace: 36 years
Vincent van Gogh: 37 years
Edgar Allan Poe: 40 years
Jane Austen: 41 years
Elvis Presley: 42 years
Shakespeare: 52 years
Steve Jobs: 56 years
Charles Dickens: 58 years
Walt Disney: 65 years
SHOCKING NEWS 🚨 Olympics allowed a biological man, Imane Khelif, to fight as a woman in Paris.
Imane allegedly broke the nose of Female Italian Boxer Angela Carini.
Entire World in SH0CK ⚡
Italian Boxer abandoned the battle within 46 seconds after receiving two huge punches from Khelif, which is uncommon in Olympic boxing.
She threw her helmet onto the floor, abandoned the clash, and yelled, ‘This is unjust.’
My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best decision I’ve made. Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this.
Kenya has been a leading light in financial inclusion globally. A unnecessary tax on banking transactions will make us uncompetitive. Large FX transactions will be offshored. Completely unnecessary!
Kenya has been a leading light in financial inclusion globally. A unnecessary tax on banking transactions will make us uncompetitive. Large FX transactions will be offshored. Completely unnecessary!