By Alexandra Harney
Posted Tuesday, April 8, 2008, at 7:33 AM ET
Workers assembling toys on a production line in Shantou, China. Click image to expand.Workers assembling toys on a production line in Shantou, China
For years, American importers and Chinese factory managers have been having the same conversation. The importers would demand lower prices for products destined for American shelves. Factory managers would counter with a long list of reasons why they needed to charge more. Most of the time, the American importers would prevail, and Wal-Mart shoppers would rejoice.
Not anymore. The era of cheap Chinese consumer goods may finally be ending, thanks to irrepressible inflation. Now when the Chinese present their lists, some American importers are conceding higher prices, meaning that American shoppers, for the first time in years, are starting to pick up the tab for rising
|Liveleak on Facebook|