When I was a little girl in the 1950s, my dad told me that generics were made by the same factories as the name brands and were identical except for the labels. 70 years later it sounds like China is just taking this to the next level.
The smoke and mirrors analogy is perfect! And thanks for clearly describing the moving parts in this ongoing reveal. Damn, are we ever in major seesaw!!!
Love this! I’m Harrison, an ex fine dining industry line cook. My stack "The Secret Ingredient" adapts hit restaurant recipes (mostly NYC and L.A.) for easy home cooking.
Wonderful! I love "cheap shit" from China. Isn't that what comparative advantage is all about? Glad they are showing the oligarchs and monsters of industry a thing or two - and letting us buy low.
Nice take. How is this idea different than Temu’s model? They were almost like direct to consumer taking advantage of the under 800 dollar exclusion which I understand is going to go away soon
When I was a little girl in the 1950s, my dad told me that generics were made by the same factories as the name brands and were identical except for the labels. 70 years later it sounds like China is just taking this to the next level.
They totally are. They're telling everyone what's going on.
The smoke and mirrors analogy is perfect! And thanks for clearly describing the moving parts in this ongoing reveal. Damn, are we ever in major seesaw!!!
It's literally so wild.
Love this! I’m Harrison, an ex fine dining industry line cook. My stack "The Secret Ingredient" adapts hit restaurant recipes (mostly NYC and L.A.) for easy home cooking.
check us out:
https://thesecretingredient.substack.com
Great stuff. Thank you.
Wonderful! I love "cheap shit" from China. Isn't that what comparative advantage is all about? Glad they are showing the oligarchs and monsters of industry a thing or two - and letting us buy low.
The de minimis exemption is no longer in effect.
Nice take. How is this idea different than Temu’s model? They were almost like direct to consumer taking advantage of the under 800 dollar exclusion which I understand is going to go away soon
https://open.substack.com/pub/basedmoney/p/china-trade-data-for-april?r=ymxjf&utm_medium=ios