Just a year ago, millions of Americans were hooked on the thrill of getting cute tops from Shein, quirky gadgets from Temu, and discounted tech from AliExpress—all straight from China, often for under $10. For working-class families, students, and bargain hunters, these apps became essential. But now, the once-booming wave of ultra-cheap shopping is crashing—and it’s not by choice. The $800 Loophole That Made It All Work For years, Chinese companies capitalized on a U.S. customs rule that allowed goods under $800 to enter the country duty-free. By shipping directly to consumers in small packages, giants like Temu , Shein , and Alibaba bypassed traditional retail tariffs. It was a win-win: businesses saved money, and customers got rock-bottom prices. But the rules of the game have changed. Tariffs Go Nuclear: Up to 145% on Chinese Goods The U.S. government has recently imposed drastic new tariffs , with some rates reaching 125% or even 145% depending on the category. ...
AI 2034: The Future Unfolded - Part 3: Preparing for the AI Era – Solutions for Countries and Individuals
Part 3: Preparing for the AI Era – Solutions for Countries and Individuals As we move toward 2034, proactive solutions are needed to mitigate the risks of AI while maximizing its benefits. Here’s how governments, businesses, and individuals can adapt to the AI-driven future: 1. For Governments Education and Workforce Development Solution: Governments must revamp education systems to include AI literacy from an early age and focus on STEM skills. Additionally, countries like the USA, India, and the UK should invest heavily in lifelong learning and reskilling programs to prepare workers for the transition. Example: Singapore has implemented its "SkillsFuture" program to provide training grants to help workers upskill for the future job market, setting a strong example for other nations. Implement Social Safety Nets Solution: Countries like the USA and UK should consider introducing or expanding Universal Basic Income (UBI) or unemployment benefits to support those...