The more expensive and delayed the shipments from China are, the better.
In all cases.
Yeah well, I get your sentiment but this is bad news for most Americans and American businesses in the short term at least. So many intermediate goods used in everyday household items come out of China, or Asia. It’s not just toys and phones and computers etc.
Some of the problem is just the lack of containers. They ship so much stuff to us and we ship so little back that the containers just stack up and sit around ports for ages. No shipper wants to pay to send empty containers back to Asia but looks like they have to now, and pass that cost on. A container from China to California was maybe $1500 in 2019 and even in the first half of 2020. Then it more than tripled. Now this report says $20,000! I don’t quite believe that number but can’t say it’s not true.
I am involved in purchasing a lot of intermediate goods used in domestic production. These are items used in food, textiles, cosmetics, cleaning supplies you name it. If it involves processing it involves one of these intermediate goods and odds are they come out of Asia. A lot of these “American” companies just bring stuff in from China in bulk and repack it here. I get price increase notifications every week. Once I got 2 price increases on the same day. I just got one yesterday, price jump of 25%. One very common item I could get for 79 cents a pound a couple years ago is now close to $2/lb. We will see much higher prices in 2022, and smaller sizes on consumer goods because for the most part retailer pricing is set about a year in advance. February/March/April 2022 watch your local stores - they will be mixing up their inventory, discontinuing a lot of items due to inability to guarantee supply, and price increases pretty much across the board on everything else.
A form of a tariff. LIKE!!!
Yes, that’s fine with me. I never buy anything from China if there’s an alternative.
**** them. Planetary acts of biological warfare and terrorism have consequences.