While many Chinese businesses are reeling from the trade war, Qi, the Maga merchandise maker, brushed off any suggestion his might suffer.
Trump supporters, he said, were willing to pay any price for items bearing the image of their beloved president - and US suppliers were making such a huge profit on them that they could afford to partially absorb the tariff impact.
A Trump baseball cap, for instance, cost only Rmb7.50 ($1) to produce. Tariffs might raise that cost to Rmbo, but the caps were being sold for $50 in the US.
"American sellers could even use the tariffs as an excuse to raise the price to $60 - yet the extra cost will still be borne by the US consumers,
" said Qi.
Quite wonderful find by this FT team. A Chinese small business that makes MAGA merch on.ft.com/4cAH6tE
12.04.2025 06:41 — 👍 742 🔁 357 💬 17 📌 37
„He might have successfully transformed his image, but at least lizards have backbones.“
🔥🔥🔥
13.01.2025 09:21 — 👍 2 🔁 0 💬 0 📌 0
thecritic.co.uk/the-candy-ma...
"“I love Boris Johnson, he was treated very badly,” he replied, demonstrating the kind of character judgement that makes you comfortable selling property to people whose Wikipedia entries have quite long entries under “human rights”."
By @roberthutton.co.uk
11.12.2024 08:41 — 👍 26 🔁 4 💬 3 📌 0
The first financial scandal/crisis to defeat all attempts at satire. There's nothing to say
04.12.2024 06:46 — 👍 986 🔁 310 💬 71 📌 126
Is he? Best time to call time on a bubble is when it’s about to pop. Otherwise, you’re just a Cassandra w/o bearings. Surely ppl overown and over invest the US partly out of lack of alternatives. Partly because U.S. productivity and profits are on roll.
03.12.2024 13:17 — 👍 8 🔁 2 💬 1 📌 1
An Economist cover in black and white, with the red logo top left, which quotes Javier Milei saying "My contempt for the state is infinite". The image is Milei staring down the barrel of the camera
On Monday Kinley Salmon, our Latin America correspondent, interviewed Javier Milei in Buenos Aires
Our cover story examines his dramatic reform programme in Argentina, one year after he took office, and the lessons it holds for the rest of the world
28.11.2024 13:30 — 👍 70 🔁 14 💬 17 📌 3
