This article, pegged to the trade wars, reminded me of the Tianjin article and is a good explainer of today's global supply chains. www.nytimes.com/2025/04/08/o...
This article, pegged to the trade wars, reminded me of the Tianjin article and is a good explainer of today's global supply chains. www.nytimes.com/2025/04/08/o...
Essentially, “Made in China” generated twice as much wealth in the United States as in China – at least $29 of the sales value of the boot circulated entirely within the United States, paying the salaries of advertisers, Web site designers, truckers and salespeople.
Years ago, I spent a few days at a factory in China as a way to explain global supply chains. The factory sold construction boots to U.S. suppliers for $15.30 apiece and made a small profit. The U.S. retailer sold the boots for $49.99 and made a bigger profit. www.nytimes.com/2006/08/03/b...