Skip West, founder of Maxsa Innovations, this week at his warehouse in Lorton, Va., with a laser-guided parking aid he imports from China. By Jeanne Whalen Jeanne Whalen Reporter covering business around the world Email Bio Follow May 17 at 9:03 AM LORTON, Va. — Maxsa Innovations, a small business selling electronic gadgets on the outskirts of Washington, was already reeling from the U.S.-China trade war when it realized it had a third superpower to manage: Amazon.
With the Internet driving ruthless price competition among Amazon, Walmart, Home Depot and others, large retailers are loath to pay more or to raise their own prices. That leaves importers of Chinese goods caught between the trade war and Americans’ quest for the best possible deal. Scosche Industries, an Oxnard, Calif., electronics maker, says tariffs cost the company about half of its profits last year. Profit-sharing payments to employees have fallen to close to zero, and the company is desperately attempting to shift production from China to Vietnam, chief executive Roger Alves said.
A Park Right, a laser-guided parking aid, made by Maxsa Innovations. West, a gizmo enthusiast named Small Business Executive of the Year by the Consumer Technology Association in 2016, founded Maxsa in 2003. He and his wife, Beth Citrin, run the company from their home in Northern Virginia, where they employ six people.
Some companies use Amazon’s platform to sell their wares directly to consumers. Maxsa has a more traditional arrangement, with Amazon buying goods from it and reselling them.
The containment-growth policy of US did not work so why continue it ? Let capital flow. China will be brought down about excess capital and robots anyway, you'll see.
Yeah, that seems pretty on-brand for 2019
Yea, most of their junk comes from China.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump’s China tariffs squeeze small businessesThe newest tariffs on Chinese goods hit U.S. businesses that can’t easily pass along or absorb more costs — especially on short notice. We do not get our gasoline from China yet here in the shit hole of California we’re paying $1.50 more than our bordering state neighbors. WTF RecallGavinNewsom US workers can't compete against Govt control subsidized foreign biz products derived from maybe stolen technology realDonaldTrump Why are you always hurting the American people? FakePresident TrumpResign
Source: latimes - 🏆 11. / 82 Read more »
As Trump fights with China over trade, U.S.-China economic relationship already being redefinedThe trend of U.S. companies serving Chinese consumers with products made in China could pose a significant challenge to Trump’s “America First” agenda Whose side is WAshington Post on: America's or China's? it seems like China's. Boycott China. Even Chuck Shummer agrees. Paradise Lost - Trump
Source: washingtonpost - 🏆 95. / 72 Read more »
China cancels U.S. pork import order as U.S.-China trade war drags onThe same week U.S. President Donald Trump announced sweeping increases on tariff... I wonder if any Trump supporters are hog farmers? Whoo Hoo....MORE BACON FOR US!! I’ll buy some. ✔️. Bacon for all
Source: Reuters - 🏆 2. / 97 Read more »
3rd-party sellers are thriving on AmazonMore third-party sellers are bringing in higher levels of sales on Amazon than ever before:
Source: BusinessInsider - 🏆 729. / 51 Read more »
To Avoid Tariffs, This Japanese Copier Maker Plans Less ‘Made in China’Ricoh said it plans to shift some production of copiers intended for American customers out of China, an example of what could become a wider push by manufacturers as the U.S.-China trade dispute continues. In order to ensure that the so-called world hegemony, Trump will pull the world into the water? They need our market. They will have to deal fairly with us, finally.
Source: WSJ - 🏆 98. / 63 Read more »
Amazon holds talks with workers in Poland as strike threatenedAmazon said on Friday it was in talks with employees in Poland after unions thre... every amazon worker should strike This mean one thing : robots are coming. Wait one damn minute... you mean to tell me that Amazon isn’t actually located in THE Amazon? What a bunch of bullshit!!!
Source: Reuters - 🏆 2. / 97 Read more »
19 Of The Best Bathrobes You Can Get On AmazonThey see me robin'; they hatin'.
Source: BuzzFeed - 🏆 730. / 51 Read more »
16 Shows On Amazon Prime That People Can't Stop Talking About16 Underrated Shows On Amazon Prime That Deserve A Good Binge How do you not have Justified on this list? I’d add “Electric Dreams”. I love anthologies and that was a really good one. I enjoyed it and think it’s worth giving a peek. PrimeVideo Please don’t put Buzzfeed in my Twitter feed.
Source: BuzzFeed - 🏆 730. / 51 Read more »
42 Products With Before And After Photos That'll Make Your Head SpinTransform your life one smart Amazon purchase at a time. You're telling me that a shoe shine can make my shoes shine? I prefer the scuffed shoes. They look like they have character.
Source: BuzzFeed - 🏆 730. / 51 Read more »
Wall Street's tech transformation, Amazon vs Roku, and a Silicon Valley healthcare startup in hot waterHello! Here are the business stories you need to know this week.
Source: BusinessInsider - 🏆 729. / 51 Read more »