10 years ago, I lived in one of the poorest cities in China.
Today, I run an 8 figure company.
Shipping for hundreds of e-commerce businesses.
Here’s my story:
Wow this makes no sense
US supplier won’t give me a quote for production until I’ve paid a deposit
Too much effort to give quotes
Going on 200 US supplier outreaches and the options are so sad for SMB
The frustration I've seen from these China tariffs from importers is that no other country can compete with China on QUALITY as well as PRICE.
Most people assume Made in China = bad, but its because you wouldn't believe exactly how much is made in China.
China just destroyed the $400B global BIG luxury Brands market in a week.
Sales are plummeting for LV, Gucci, Hermès, Chanel
Chinese creators are exposing the truth...
Thread🧵
@BlackLabelAdvsr They abandoned communism during Deng Xiaopings reforms. Its more like state controlled capitalism that uses the "Communist" cover as a strategic label.
They push nationalism, not Marxist ideals. So I'm not so sure about thats their Achilles heel.
@BlackLabelAdvsr Brief history on China:
1978 Deng Xiaoping initated economic reforms that opened up China.
1990s they come major hub for manufacturing textiles, toy, electronics
2010 - they surpass U.S as world's largest manufacturing nation by output.
Thats a 47 year head start.
@BlackLabelAdvsr They're cancelling orders where their customer have payment terms. Most businesses are holding goods at the factory, opting not to ship. So factories don't want to take the risk that you'll abandon your goods and never pay due to tariff hikes.
@markoa business books bug me because the writer starts with concepts they want to teach the world. Get a publishing deal to add a bunch of fluff to make the lessons feel valuable and then sell the book.
But if the writers just shared their lessons, most wouldn't listen. Its weird.
@Haitch_Online In PH,
Base for an entry level admin: $500 - $600
Specific skill, but still entry level: $600 - $750
As they start gaining experience, salary bumps accordingly.
From my end, in PH, usually salaries cap around $3000.
@michaelpatron0 This works on the services side, too. I have multiple posts that show up on position 1 for certain keywords. I have a post from a few years ago that gets about one lead in my dm's weekly and more that are clicking to my website.
Tariff Updates:
🇺🇸 Tariffs: Additional 25% on imports from Canada and Mexico; 10% on imports from China (cumulative with existing tariffs).
Canada's Response: 25% tariffs on select U.S. goods.
De Minimis Rule: $800 import exemption removed for Canada and China; Mexico likely to follow.
Expect increased costs and potential delays; adjust sourcing strategies accordingly.
If you buy from China, don't worry, you are in good company
- Apple make 90% of their products here
- Amazon, more than 70%
- Walmart more than 60%
The three largest US physical goods companies source from here and haven't switched to other countries
There must be a reason
@Sei02579989@macastel3 Most likely you’re fielding calls. These discussions have been constant for the last 10+ years.
The chatter is there, but the shift hasn’t begun.
Time will tell. We had a customer that imported raw steel into the US for their manufacturing. Trump Tariffs hiked the duty up to 200%+. They moved manufacturing to China and pay 25% tariff on the final product.
Personally I think tariffs are good, but I think it might get a little screwy for some importers in the coming years.
@Molson_Hart This is the interesting part for me. I think a lot of small brands can do what you’re trying to do, but not all raw materials are sourced in the US. So you might get hit with tariffs on raw materials that end up being higher than the tariff on the actual product.
It’s clear now that wages were never the core issue. The tentative agreement includes a wage increase of about 62% over six years. Both parties announced that they would extend their master contract until January 15, 2025, allowing more time to address unresolved matters.
What’s still on the table?
Automation.
If the Biden administration had invoked Taft-Hartley, there would have been a 90-day cooling-off period. January 15, 2025, extends this to 104 days. If the issue of automation isn’t resolved by then, we could find ourselves back at the same point.
Get ready.
@bandholz They were offered a 50% pay increase over a 6 year period. Workers declined because they want more than 70%.
Businesses are going to get screwed because of their greed.