And medium term and long term.#1 China's currency is artifically held low at 6.9 Yuan to $1You’re saying : American Corporations took factories to China? Well...
When I lived in China, it was 8.277 Yuan to $1.
China keeping their currency artifically low ensures that it's more profitable for companies to produce in China using their children as slave labor than it is to produce domestically.
Trump is right about that - but the trade war is only gonna mean suffering for American pockets in the short term.
Come to Romania. In stores beer is always between 0.5 to 1.5$ and in big clubs its between 2-3$ and what you get is really good beer not the mainstream stuff you find in the US#1 China's currency is artifically held low at 6.9 Yuan to $1You’re saying : American Corporations took factories to China? Well...
When I lived in China, it was 8.277 Yuan to $1.
China keeping their currency artifically low ensures that it's more profitable for companies to produce in China using their children as slave labor than it is to produce domestically.
Trump is right about that - but the trade war is only gonna mean suffering for American pockets in the short term.
I remember being in a nightclub, in China, 1999, and a beer was $0.60 USD. Laughed my head off, and swigged it right down.
And maybe it was my youth, who knows, but the girls were E and Z.
Come to Romania. In stores beer is always between 0.5 to 1.5$ and in big clubs its between 2-3$ and what you get is really good beer not the mainstream stuff you find in the US![]()
I live in Romania!
Gasoline expensive in the US? O_oPart of the reason Alcohol is so expensive in the US is the taxes on it.
Same goes for cigarettes.
And gasoline...
Gasoline expensive in the US? O_o
The US is one of the countries that has very cheap gasoline with an average of around 0.8-0.9$ per litre. The world average sits between 1.1-1.2$ per litre. Gasoline is expensive in most of Europe.
It's one of the reasons why people in Europe don't go for gas hungry cars like how many Americans prefer to do.
Ha! Diesel is even more expensive in the UK than petrol. It's all down to taxation. As of right now, Petrol/Gasoline prices in the UK and Ireland are almost twice as expensive as in the US [source: www.globalpetrolprices.com] so ya, most people outside the US laugh when you think gasoline is expensive.Many countries use DIESEL. Yours included.
Ha! Diesel is even more expensive in the UK than petrol. It's all down to taxation. As of right now, Petrol/Gasoline prices in the UK and Ireland are almost twice as expensive as in the US [source: www.globalpetrolprices.com] so ya, most people outside the US laugh when you think gasoline is expensive.
never said that the consumer not been ripped off, I know that, specially now that I'm working in corporate environment where I can see that how much it really cost something and how much the profit is in some cases.You're assuming; rather naively, that the consumer isn't already getting ripped off. The market and the manufacturers will adjust to what sells.
Very lucky - enjoy the drive!I filled up my Hellcat at $3.22 per gallon super earlier.
I guess I’m just lucky
Very lucky - enjoy the drive!I filled up my Hellcat at $3.22 per gallon super earlier.
I guess I’m just lucky
Out of curiosity:
US gallon = approx. 3.8 Liters @ $0.83 per L = $3.15
UK gallon = approx. 4.5 Litres @ $1.62 per L = $7.29
I remember about 10+ years ago when petrol / gasoline in the US was 3 or even 4 times cheaper than in Europe. No doubt we'll all be on electric cars in 10 years time, maybe all made in China.