I'm not sure if this will really make a dent in the price gap between Chinese and local goods, and if it doesn't, well, people will still pick the more affordable option. Manufacturing and labor costs are still significantly lower in China in comparison.
As the article states, there are also businesses who rely on these rates for their inventory or materials. Those businesses will also get impacted, and the extra cost will likely be passed down to consumers. Stuff on Amazon might not be so cheap anymore
As the article states, there are also businesses who rely on these rates for their inventory or materials. Those businesses will also get impacted, and the extra cost will likely be passed down to consumers. Stuff on Amazon might not be so cheap anymore