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- Apr 17, 2018
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I have a response to the first part of your post, but not to your specific question at the end. Yesterday I heard a radio news report about tariffs and ice cream. There was an interview with the president of the oldest ice cream making company in the U.S. They export a lot of ice cream to China. The interviewer asked about shipping costs, and was told that it costs less to send the ice cream from the company in Philadelphia to China, than to Chicago. In China, the Made in USA ice cream is sold as a luxurious product to the middle market. A lot of people can't afford giant luxuries, but they can afford to indulge on dessert that's expensive by ice cream standards. The interviewer asked why not deliver the recipe to a manufacturer in China. The president explained that being Made in USA is taken by the Chinese market as a high quality standard. They wouldn't impress aspirational luxurious Chinese buyers with a "locally made" ice cream. It looks like the interview isn't up on the web site yet, when I see it there I'll add the link here.