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Joined 1 year ago
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Cake day: June 21st, 2023

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  • The factory gets paid in step #1 (many can accept direct wire transfers or have Hong Kong/Singapore/ or even New York banks). Sometimes a deposit is made to start an order and the final amount is paid to release it from the factory after inspection.

    There are agents who can handle funds on your behalf and when you work with a new factory or it is a super large order, it is common to use a service that will escrow the funds until the goods have been inspected and released.

    Sometimes we even have our own staff monitor the assembly and packaging inside the factory to be sure the quality of parts we ordered are actually going into each piece. This is normal every day in Chinese factories, they know the game.


  • Here’s how tariffs work (I import stuff from china)

    1. I find a Chinese manufacturer of widgets and negotiate with them. One of their first questions is, what incoterms do I require? I tell them EXW which makes their quotation the easiest to provide.

    EXW means that once the goods are ready, I’ll send my shipping agent to go get them and bring them to me in my country.

    1. I call my agent and tell them to get the goods. They ask a lot of questions about the contents of the goods and figure out which HS code to use, which is a classification of what the goods are (such as bicycle tires, or unfinished lumber, or whatever).

    2. The agent prepares an assload of documentation for my shipment. They send a truck to the Chinese warehouse, get the stuff, load it into a container, take it to a shipyard. It’s loaded, boat moves to the US, boat is then unloaded, and my container is put into an inspection queue.

    3. The shipping agent forwards the documents about my container, which has not been released, to US customs. US customers decides if they want to manually inspect it or not, and then issues an invoice for the taxes. My agent calls me and says Mr. Nucleative, your customs bill is $9,845.50.

    I pay them, they pay the US customs office. Customs releases my container.

    1. The truck is cleared to pick up my container and drive it to my warehouse.

    2. Now I unload and sell the goods to my customers.

    Did you notice in step #4 that I paid the import tariffs? Now my cost to get the goods to my customers went way up. My margins are pretty thin, so I can’t do this business unless I charge my customers more or else I’m running a charity. Now, my customers have to pay me more. That money goes straight to the US government.

    Hypothetically now it’s less unattractive to set up a factory in the USA, encouraging more local jobs. But damn, did you know we also need to import rubber, and metal, and machine parts, and cardboard for packaging, and all the other raw supplies either way? The local factories, if there are any, can probably not increase production to meet demand anyways, at least not in a month or two. Does anybody remember what happend when demand outstrips supply?

    There is no rocket science here, just people learning from the wrong people.






  • nucleative@lemmy.worldtoTechnology@lemmy.worldBluesky hits 20 million users
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    19 days ago

    Me too but here’s one useful function:

    Perhaps you are aware there is an ongoing event, say for example a football game, or an election, or an outage of your email service provider. You go to one of these “scream into the void” social sites, search on the topic, and learn what people are saying about it. Maybe someone knows what’s really going on, maybe some of those people have some interesting insights and you engage with them, not unlike you and I are engaging right now. Others can observe, perhaps contribute, and after the event has concluded, everyone goes their own way. Hopefully in the end the interactions are beneficial for all.



  • I think there are two answers to this. First, there is a long standing tradition in the US that the new guy doesn’t put the old guy in jail.

    Look at so many other countries and so much of world history to see how that style of governing is problematic to the transfer of power from one regime to the next and why it causes its own set of problems.

    The second, and arguably the most important, is that the American people as a whole can elect whoever the fuck they want to be president, no matter what any mid level beurocrat, judge, lawmaker or even current president or other official says about the issue, even if said person is in jail at the time.

    The law and its punishments should still apply to all, including the president and former presidents, however.




  • He seems to lack competence in many ways, but some of the guys around him are a whole lot more conniving and potentially effective.

    It’s also not likely Trump feels any urge to hire a somewhat moderate(ish) cabinet of professionalls like he did last time. I assume he learned his lesson given that they all eventually turned on him.

    So let’s see. I think he’s spent the past 4 years surrounding himself with some bad hombres, to borrow a saying, and now he’s ready to act with fewer guardrails.