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i dont know how long temu will last without americans, but it feels surreal that europeans have more buying power than americans
by seydor 2y ago
i dont know how long temu will last without americans, but it feels surreal that europeans have more buying power than americans
- frankacter 2y agolatest stats I saw had US at ~53%, followed by 12.9% Mexico, 7.4% United Kingdom, 6.4% France, 6.0% Germany, 4.6% Spain & 9.8% Others.
- blitzar 2y agoI don't know how long America will last without temu (or wallmart)
- simianwords 2y agoAmericans definitely have more buying power than Europe. This doesn't look to be true.
- moooo99 2y agoIf you use the PPP adjusted per capita GDP as a comparison metric the US stands about 37% higher than the EU. Considering the baseline tariff of 10% and the substantially higher tariffs for important trading partners the US targets, it may actually even out.
- simianwords 2y agoDoes this include the fact that tariffs negatively affect even the EU GDP?
- baq 2y agoTariffs in the US affect the whole world, not just US or EU - every single GDP goes down, the question is how much. EU gets hit less than the US is more or less a given, but error bars are significant.
- wesselbindt 2y agoBut GDP (PPP) is not the same as purchasing power, no? I don't know of any actual data but you can imagine two countries, both with the same GDP (PPP), same population size, shared currency (so the PPP doesn't factor in). One has organized its production and labor force in such a way that everyone has a relatively equal share of the pie, and the other one consists of a massive wage slave class getting by on poverty wages and a privileged few who reap the benefits of production. Surely the first of these two countries is more interesting to global ecommerce companies from a sales perspective.