Suggestions for all diamond tools clients-what you should do in the new cold war

Nis 26, 2024

Dear customers and friends,

As the U.S. Federal Reserve continues to print a large number of money, inflation is severe, and the prices of raw materials (Diamond, steel, copper, tin, cobalt, etc. Diamond segment and diamond saw blade are made of these materials) and transportation costs continue to rise. At first, we thought that this situation would pass soon, but now, things may become more serious. The imminent economic crisis is not alarmist.

The Chinese government has begun to restrict industrial electricity use, please let us tell you what this means. During the epidemic, most of the world’s commodities were produced and exported from China. Now, the two countries with the largest economies in the world are fighting an economic war without gunpowder. China’s restrictions on electricity use are restricting factory production and restricting the export of goods. Because the U.S. uses U.S. dollar hegemony to print a large amount of money, and our transactions basically use U.S. dollars. In this way, if China exports too much goods, it will damage the Chinese economy, and potential price increases are inevitable. This is in line with the purpose of the United States to suppress and restrict China’s economic development.

If this continues, perhaps the biggest problem soon is not the price increase and shipping costs, but the difficulty of getting the goods. Because our order production time will be much longer than usual, it may need to be extended by 50%-100%. Many factories in China now only allow electricity for 15 days a month. Therefore, if you need any products, please place an order immediately when things have not reached more serious point. When the crisis really comes and your competitors are out of stock, you have the stock. This will bring great protection. Otherwise, the consequences will be disastrous.

We sincerely hope to help everyone who sees this news. Please pay attention and plan well in advance, and wish your business smoothly.