
Cost of coffee? Up nearly 21 percent. Cost of screws from Taiwan, America’s No. 1 supplier?
Just ask the Taiwanese, who make screws for everything from bathroom cabinets to data-center fans.
Margins are thin and getting thinner, as is the herd of manufacturers, thanks to The Pestilence’s 50 percent tariffs on steel and aluminum, plus competition from mainland China on product and the homegrown computer-chip industry for workers and government support.
Kent Chen of Sheh Fung Screws Company told The New York Times that his orders are down 20 percent compared to this time last year.
“Everything is in pause mode. A lot of our customers said, ‘We’ll see,’ but then we didn’t receive many orders.”
Oh, he got his orders, all right. Same as the rest of us.
“Assume the position!”
We are so screwed. Ain’t enough coffee in the world for this bullshit. Especially at these prices.
