@buccocapital Best content I have seen. Also, it was news to me that this was even a thing. Not directly tariff related, but a sensible post, and reason to be against free trade with China.
WINNING: THIS IS HUGE
Temu, SHEIN and all these tacky fast fashion companies that sell mostly crap have long relied on an unfair and unwarranted trade advantage.
They have long been beneficiaries of what is called the "de minimis loophole."
This loophole allows goods to be shipped directly from overseas to American consumers so long as the value of EACH PACKAGE is under US$800, without anyย customs declaration.
It's cheap, direct, untaxed and unregulated. It's a law that's existed since the 1930s, long before the internet and the existence of e-commerce retailers.
Last year the US received a BILLION packages from China through this loophole. CBP (Customs and Border Protection) cannot possibly inspect items at this scale so things do slip through the cracks - unsafe items, knock-offs, products made with forced labor from Xinjiang and yes, chemicals that are used to make FENTANYL.
To put things in context:
In 2022, GAP paid $700 million while H&M paid $200 million in import taxes.
Temu paid ZERO.
"Free trade" once again is not free. It's flooding our markets with cheap crappy potentially toxic goods, gutting our own retail markets, and allowing unsavory foreign competitors to exploit loopholes and gain unfair competitive advantages over retailers who HAVE to play by the rule because of... geography.
Now, we have closed this loophole for goods coming in from China.
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@BarstoolBigCat Never understood folks who look down upon those who switch their allegiances to teams of cities where they build a life.
You donโt choose where you grow up, but you do choose where to live. You contribute, raise kids, vote, pay taxesโฆ why canโt you be a local sports fan?
@AlaskaAir Curious to know why malfunctioning autopilot would cause a plane turn around? Our flight from SEA to PHL still ended up being in the air for 3.5 hours in order to burn fuel for landing at SEA. So whatโs the difference if that airtime was just continuing onto PHL?
@Corrie25@SoundTransit Thank you! But wondering if the data sources feeding the PowerBI report are publicly available. Would be cool to analyze the raw data sets from Orca card readers.
@MarkoLiias @thebethocracy Spending 2:1 on highways to bike/ped projects is good math to keep the status quo. The goal needs to be reversing the 2:1 ratio of drivers/non-drivers. Investing in public transit at a greater rate than highways is needed. We need safe and reliable options. Cars are not scalable.
This paper by Geoff Boeing measures the entropy of 100 cities around the world using the orientation of streets. In the upper part of the chart you find the cities with most ordered streets [full paper: https://t.co/vXG6DDaaZN]
@KUOW YESSS!!! Reporting on the Mazda Issue ๐ ๐ our 2015 Cx-5 has been KUOW-only for two weeks now. We Mazda supporters probably deserve our own swag for the unwavering support the last two weeks, what do you think?!?!?