Chinese products are cheap
The era of cheap Chinese consumer goods may finally be ending, thanks to irrepressible inflation. Now when the Chinese present their lists, some American importers are conceding higher prices, meaning that American shoppers, for the first time in years, are starting to pick up the tab for rising costs in China. Some Chinese factories are now asking their American customers for price increases of as much as 20 percent to 30 percent.
The time to pay much more for less has finally arrived. Not that we were expecting it happily. This was just a matter of time. Welcome to less! Now, what will the impact be on everything being made in China?