A reply to my article on China tariffs....
By: sckpak
10 Jun 2005, 12:57 AM EDT
Msg. 45049 of 45060
(This msg. is a reply to 45041 by nonferrous.)
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OT: Matthew ... I can hear it now if this bill passes ...
Good afternoon Walmart shoppers. We have some good news and some bad news to share with you today. First the bad news.
Due to the 27.5% tariff that our eleted leaders decided to place on imports from China, we regret to inform you that all products made in China that we sell now will cost you 27.5% more than it did yesterday. We are sorry but you can't expect us to eat this additional cost can you and lower our profit margin?
Now the good news is that even with a 27.5% increase in your costs for our products that are made in China, it will still be cheaper that the American made equivalent - that is if you can even find an American made equivalent. You see, wages in China are about 1/10th those paid for similar labor in the US so even a 27.5% tariff that will increase your end costs will not cause us as a store to discontinue placing made in China items on our shelves. We are committed to providing our customers with the lowest priced goods that we can find.
Now here is the real kicker / good news, guess who benefits from the tariff if not you the consumer or you the laborer in the US - that's right it is good old Uncle Sam. You see the tariff will be paid to the US govt - now they will have even more USD's in which to buy your votes at the next election.
So with all that in mind, enjoy the rest of your afternoon shopping at you local friendly neighborhood Walmart store.
I guess we will show China who is the boss - hope they don't decide to retaliate and stop buying our US Treasuries and God forbid think of selling them.
Rogue
