It must be nice being a chud, because you can just be brain dead and never having to actually think. frothingfash

  • Terrarium [none/use name]@hexbear.net
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    12 days ago

    The most likely turn of events this describes:

    • American businesses place an order and pay for it.

    • Goods placed in container by seller.

    • Buyer realizes tariffs make the order too expensive and tries to cancel it.

    • Seller agrees to a partial refund.

    • Seller believes return shipping will be more expense than it’s worth and says they don’t want it back.

    • Ship does similar calculus and dumps it.

    These aren’t temu or aliexpress orders going to consumers. Those get shipped by plane or from a local warehouse.

  • Wheaties [she/her]@hexbear.net
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    12 days ago

    had to look it up to figure out what the meant by ‘ditching shipments mid voyage’

    A staff member at a China-listed export company, who requested anonymity, said its US-bound container volume had plummeted from 40 to 50 containers a day to just three to six as a result of the new tariffs on Chinese imports imposed by the second Trump administration. It has increased tariffs by 104 per cent this year, taking the total impost to around 115 per cent. The new tariffs have triggered a backlash from Beijing and sent shock waves through global markets.

    “We’ve halted all shipping plans from the Philippines, Vietnam, Indonesia and Malaysia,” the employee said. “Every factory order is halted. Anything that hasn’t been loaded will be scrapped, and the cargo already at sea is being re-costed.”

    One client had told the company it was abandoning goods already on the water and giving them to the shipping company [emphasis mine], as “no one will buy them after the tariffs are imposed”

    https://www.scmp.com/economy/china-economy/article/3305834/chinese-exporters-said-be-ditching-shipments-mid-voyage-avoid-crushing-trump-tariffs

  • Homer_Simpson [they/them]@hexbear.net
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    12 days ago

    Member how there was a 6 month+ lead time on industrial sized switchgear during covid that delayed numerous manufacturing projects? Imagine that but 100x worse and for years on end.

    • AF_R [he/him]@hexbear.net
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      12 days ago

      I distinctly remember industrial switchgears being so limited that brokering an entire 53’ semi truck to exclusively load up one (1) switchgear and haul ass across the entire country just for that one piece was not even given a second thought - it was obvious to do, something that would have been insane 5 years prior.

      It didn’t matter how much money we offered, the switchgears simply did not exist to sell. Delayed that project for almost a year.

      I hope our Chinese comrades look forward to their futures. I will be going down with the ship in the imperial core.

      • BeamBrain [he/him]@hexbear.net
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        12 days ago

        It didn’t matter how much money we offered, the switchgears simply did not exist to sell. Delayed that project for almost a year.

        Even Victoria players know you don’t tariff essential imports.

  • AernaLingus [any]@hexbear.net
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    12 days ago

    The article: https://www.scmp.com/economy/china-economy/article/3305834/chinese-exporters-said-be-ditching-shipments-mid-voyage-avoid-crushing-trump-tariffs

    Full text

    Amid escalating trade tensions between China and the United States, some Chinese exporters are taking the drastic step of ditching shipments mid-voyage and surrendering containers to shipping companies to avoid crushing tariff costs.

    Industry insiders have dubbed the move “preparing for the Long March”, a grim metaphor for what many see as a prolonged and punishing downturn in cross-Pacific trade.

    A staff member at a China-listed export company, who requested anonymity, said its US-bound container volume had plummeted from 40 to 50 containers a day to just three to six as a result of the new tariffs on Chinese imports imposed by the second Trump administration. It has increased tariffs by 104 per cent this year, taking the total impost to around 115 per cent.

    The new tariffs have triggered a backlash from Beijing and sent shock waves through global markets.

    “We’ve halted all shipping plans from the Philippines, Vietnam, Indonesia and Malaysia,” the employee said. “Every factory order is halted. Anything that hasn’t been loaded will be scrapped, and the cargo already at sea is being re-costed.”

    One client had told the company it was abandoning goods already on the water and giving them to the shipping company, as “no one will buy them after the tariffs are imposed”.

    The company’s leadership had returned to China to manage a flood of order cancellations and had instructed its staff to suspend all container business until tariffs stabilise or alternative markets are secured.

    “The loss on every container we ship is now greater than the profit we used to make from shipping two,” the employee said. “Who’s going to keep doing this?

    “We’re mentally preparing for the worst. There won’t be any recovery in the short term – probably not until the middle of next year.”

    The company has now begun shifting its focus to Europe and Japan, seeking safer waters amid the trade storm.

    China, the world’s largest exporter, was the second-biggest source of US imports last year, sending US$439 billion worth of goods to America. US exports to China were worth just $144 billion.

    With the escalating US-China tariff war already taking a heavy toll on Asian exporters, many American buyers are pulling out amid fears of soaring costs, prompting order cancellations said to be totalling as many as 300 containers a day for some manufacturers.

    Facing steep new levies and an uncertain market, exporters are also scaling back operations. Factories have been reported to be cutting working hours and to have asked employees to take fewer shifts. The anonymous staff member at the China-listed firm said its US branch had begun laying off frontline workers as demand collapses.

    Industry experts warned that shippers face a lose-lose situation, as shipping now could mean absorbing steep tariffs if they are not lifted, but waiting could expose them to even higher rates if tensions continue to rise.