You're wrong. US consumers don't have to buy. Generally, if something is really dirt cheap people buy on impulse even if they don't need it. When something from China is pricier, people think twice about whether they actually want it or not, and may skip it or buy from another seller. There are cheap products from Vietnam and other countries. China is not the only game in town. I have bought cheap stuff from China, because it's dirt cheap and I don't necessarily need it. When the price goes up and is comparable to other countries goods, then people may not buy on impulse. There are many things from China that I can do without. Same with most people.
So right. A friend has 27 free tape measures, lots of free screw driver sets, and other free things from Harbor Freight, and gets free batteries all the time, free with any purchase. He has coupons in his truck and goes there (40 miles each way) several times a week.
From your simplistic writing, clearly you’ve never studied economics.
I don’t have time to explain it to you further.
From your simplistic writing, clearly you’ve never studied economics.
Did you ever learn about basic concepts of pricing models are influenced by supply and demand?
I don’t have time to explain it to you further, but I will say one thing:
You’re ignoring the fact that markets are dynamic. If you think Vietnam and other cheap manufacturers will keep their prices low if we divert our massive buying power from Chinese products, I’ve got a bridge to Mars to sell to you.
It would be like turning a fire hose of demand on these smaller countries’ markets. Of course their prices won’t stay cheap.
You owe me a note of appreciation for schooling you on this topic.