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Chelsey Dulaney

👤 Speaker
267 total appearances

Appearances Over Time

Podcast Appearances

The Journal.
China's Cheap Goods Are Europe's Problem Now

They know a lot of the stuff is not good quality, but they also say you cannot find anything better.

The Journal.
China's Cheap Goods Are Europe's Problem Now

comparable with that price with that variety with that ease anywhere else so they still love to buy it i was down a real tiktok rabbit hole on this and i mean i saw people doing a haul every single day buying like a hundred items every single day and getting these massive packages so people like it so

The Journal.
China's Cheap Goods Are Europe's Problem Now

Yeah, I mean, this just goes to show, like, how adaptable the Chinese economy is.

The Journal.
China's Cheap Goods Are Europe's Problem Now

Like, yes, it is selling 20% less to the U.S.

The Journal.
China's Cheap Goods Are Europe's Problem Now

now.

The Journal.
China's Cheap Goods Are Europe's Problem Now

That is a blow.

The Journal.
China's Cheap Goods Are Europe's Problem Now

But Chinese factories...

The Journal.
China's Cheap Goods Are Europe's Problem Now

move very quickly and they are very entrepreneurial and they have been very good at finding other places to sell stuff.

The Journal.
China's Cheap Goods Are Europe's Problem Now

And so, yeah, like this sort of Chinese export machine

The Journal.
China's Cheap Goods Are Europe's Problem Now

has not been hurt by the trade war in the way that people thought it would be.

The Journal.
China's Cheap Goods Are Europe's Problem Now

It's been very resilient and very adaptable.

The Journal.
China's Cheap Goods Are Europe's Problem Now

Yes, the U.S.

The Journal.
China's Cheap Goods Are Europe's Problem Now

and China are trading less, but the imbalances that China's running with the rest of the world are just getting even bigger.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

We spoke to one person who built a shed in their backyard in London.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

They store these packages from the Chinese exporters, and then they package them up themselves when the order comes in, and then they ship them off.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

Yeah, I think the original impetus was from trade data.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

I mean, after the Liberation Day tariffs, everyone was sort of worried about China getting

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

sending a lot of cheap goods to other places after it got much more difficult to sell those things to the U.S.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

And one of the areas that was particularly vulnerable to this was de minimis exports.

WSJ What’s News
The ‘New Silk Road’ of Cheap Chinese Goods

So this is stuff like really cheap shirts or things you get for your house on Timu or Xi'an.