Stoic defiance in ‘trinket town’ echoes Beijing’s insistence that nation can prevail against Donald Trump’s tariff blitz
A Trump baseball cap, for instance, cost only Rmb7.50 ($1) to produce.
Tariffs might raise that cost to Rmb20, but the caps were being sold for $50 in the US.
“American sellers could even use the tariffs as an excuse to raise the price to $60 — yet the extra cost will still be borne by the US consumers,” said Qi.
Now who on God's Green Earth would be stupid enough to pay $60 for a $3 Trump cap?
Oh. Wait. 😄