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Tariff Engineering
PLUS: The Year of Kendrick, Temu and Shein Clapped, Luka Doncic Trade.
But today’s piece is going to ignore the current news cycle and talk about one of my favourite random international trade topics: tariff engineering, which is when manufacturers slightly adjust a product so it qualifies for a lower import duty. This massive cost advantage — along with billions of dollars of ad spend on Facebook (SHEIN and Temu contributed ~5% of the social platform’s revenue in recent years) — allowed the two Chinese e-commerce firms to build huge market share. TLDR: Dallas Mavericks new ownership does not care about basketball, and only bought the team in hopes of building a destination resort casino in America's largest untapped gambling market — The Dallas-Fort Worth area.
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