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Mark, one more time! Please make more noise about this. What’s the point of championing American manufacturing if on the back end the US govt continues to allow this to happen?? I’ve been building my factory for the last 5 years. It would be 3x the size it is now and have 5x the number of employees if we didn’t have to constantly deal with this.
Mario, you are your team should look into the platforms replacing American sellers with foreign ones. Been happening at scale for years now. Possibly worse than h1b
Mr. Vice President @JDVance,
The American Ecommerce Business Alliance represents hundreds of American businesses doing billions in sales. aeba.org
Across all US ecommerce channels, we are all competing against foreign sellers who are given an advantage against American companies:
1) they don't have to pay US taxes on their sales
2) they have zero liability for harm against Americans OR harm against their American competition (and they abuse this ruthlessly) because there is no registration/bond requirements for them.
American brands used to dominate US ecommerce (as they should), but now more than 50% of brands are Chinese.
Mr. Vice President, why are we giving foreigners an advantage against our own American small businesses?
Can you please look into this?
@SecScottBessent @howardlutnick
Why do we allow Chinese sellers on ecommerce platforms then?
They play by a whole different set of rules than law abiding US businesses.
What makes auto companies immune to this?
@USTreasury @USTradeRep @USTradeRep @jamiesongreer
"Would you ever allow Chinese autos into the United States?"
@POTUS: "I'm the one that kept them out — the tariffs kept them out... unlike Europe, which is being decimated."
dom retweeted
BREAKING 🚨: How corrupt is the United States? The day after the Justice Department launched an investigation into Wall Street short sellers the largest document storage facility, TD Ameritrade Bartlett Warehouse, went up in flames. They hauled the evidence away ON FIRE in direct violation of OSHA safety requirements. 60 hedge funds were to undergo investigations for manipulative short selling. Authorities concluded that a “falling shelf” took out the entire building’s sprinkler system that was located on the roof.
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The facility was a newer facility outfitted with state of the art fire prevention technology.
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Hedge funds have been under heavy scrutiny from retail investors.
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More specifically from the AMC and GME community after the ‘meme stock’ frenzy early last year, 2021
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Hedge funds have been able to suppress the share price of both these stocks through predatorial short-selling strategies.
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In a Bloomberg exclusive, Gary Gensler states 90%-95% or retail market trades do not go through the lit exchange, but rather through dark pools.
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This happened on February 4th 2022. Just like everything with out government absolutely NOTHING has come from the investigation. No charges. No stop to the blatant naked short selling taking place on a daily basis robbing investors.
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The primary offender of naked shorting of course is Citadel, owned by Ken Griffin. Griffin is Ron DeSantis’s MEGADONOR and #WEF member.
For decades, Democrat and Republican administrations have promised that export opportunities and a “level playing field” will benefit American manufacturers and workers.
REALITY CHECK: It’s never happened.
dom retweeted
Just had the honor of meeting with @SenRickScott from the great state of Florida to discuss E-Commerce issues and Religious Freedom in S Korea.
dom retweeted
This isn't getting any media coverage in the west but it's a big deal - 60% of sellers on Amazon-US are Chinese based and the Chinese government is starting to crack down on under-declared earnings. This means the cost structure is effectively changing for the worse for 60% of Amazon's seller base (and on top of that the US tariffs implemented this year).
dom retweeted
Best way to lower beef prices is to enforce anti-trust regulations on the 4 largest beef packers and everyone wins. It all starts with them. Consumers will be happy and ranchers will have healthy margins. But the globalist cabal will not approve. @beefinitiative
dom retweeted
Excellent article on the new tax laws enacted by China on e-commerce sales abroad.
@SecScottBessent @howardlutnick Why on earth do we want China to get the tax revenue from Ecom sales in the US!?!? That should be paid to the USA!!🇺🇸
chinesellers.substack.com/p/…
dom retweeted
.@SecScottBessent @howardlutnick @USTradeRep even China is recognizing that they need to tax Chinese sellers on eCom marketplaces in the United States.
Why doesn't the U.S. do the same thing (foreign sellers are EXEMPT from US taxes)?
This is BILLIONS in revenue for the US!!!
dom retweeted
.@SecScottBessent @howardlutnick @USTradeRep even China is recognizing that they need to tax Chinese sellers on eCom marketplaces in the United States.
Why doesn't the U.S. do the same thing (foreign sellers are EXEMPT from US taxes)?
This is BILLIONS in revenue for the US!!!
dom retweeted
I'm torn on Ukraine. On one hand, Trump has made a mess of the negotiations and Putin treats him like a beta. And the idea of taking Putin's suggestions for what to do with our voting system is ludicrous. But I like that he's at least trying hard to get to peace.
dom retweeted
The US manufacturing sector is slowing down:
The ISM manufacturing PMI index came in at 49.0 points in June, marking the 4th consecutive monthly contraction.
Over the last 3 years, just 2 months have recorded an expansion.
Meanwhile, new orders declined to 46.4 last month, remaining below 50 for the 5th straight month, pointing to continued weakness ahead.
The employment index fell to 45 and has contracted in the last 12 of the last 13 months.
All while prices paid rose to 69.7, the second-highest level since June 2022.
We’re continuing to see rising prices alongside a weakening labor market.
Stagflation has arrived.
dom retweeted
Dear Mr. Cuban,
Thank you very much for starting the Cost Plus pharmacy business. I’m saving hundreds of dollars a year which is a big help to me. I like to spend my money wisely and your pharmacy saves me money over my Medicare Advantage plan. One medication on my plan would cost me about $1000 a year, with Cost Plus it’s about $120 a year, even with a shipping charge. You’ve proven that prescription medications can be bought at resonable prices.
Sincerely,
John
dom retweeted
Why does @realDonaldTrump keep giving China good-will extensions when they treat him like this?
dom retweeted
BREAKING: 71 large US companies went bankrupt in July, the highest monthly total since the 2020 pandemic.
This follows 66 and 64 fillings in June and May, respectively.
Year-to-date, there have been 446 large bankruptcies, the most in 15 years.
This is already higher than the full-year totals for 2021 and 2022, when 405 and 373 firms went bankrupt.
Industrial and consumer discretionary companies have led the surge, with 70 and 61 filings, respectively.
The pace of bankruptcies is accelerating.
