Posts Tagged ‘Chinese imports’
Clipping Chinese Competition
The Friday File: Though the US no longer makes high-tech stuff like ipads and cell phones, or low tech stuff like shoes, we are a paper clip powerhouse. Most of the 11 billion sold, made in the US. Why? Since ’94 tariffs ranging up to 127% of the base price have protected US makers from…
Read MoreInflation? What inflation
Researchers at the Federal Reserve Bank of San Francisco find that 2.7% of consumer spending went to Chinese made items. Moreover, for every $1 spent on Chinese made goods, fully 55 cents goes to US businesses for services like shipping, marketing, sales and advertising. So, even if inflation in China heats up, US consumers are…
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