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That's my thinking as well, these are items where if they cross a certain price point consumers can easily opt to just not get them. They aren't even really lux
by mrweasel 1y ago
That's my thinking as well, these are items where if they cross a certain price point consumers can easily opt to just not get them. They aren't even really luxury items, they are unnecessary luxury items.
A better example I've seen is machinery, like construction equipment. Some contractor on YouTube points out that a Chinese skid steer is every bit as capable as a US made, but that 25 - 33% of the price. If he had to buy US made equipment he wouldn't have a business.