By
Ben Popken,
9:00 AM on Fri Feb 1 2008,
954 views
Long the land of low low prices, the prices on consumer goods imported from China could rise by as much as 10 percent this year. What's changed in China?
Supply chains being scrutinized closer for lead, poison, other deadly defectsGovernment removing lucrative tax rebates for many exportsRising wagesPlastic costs more because oil/petroleum costs moreNew labor lawIgnored environmental laws now being enforcedYuan's value rising against the dollar
Uhoh, WallyWorld is going to be pissed.
China's Inflation Hits American Price Tags [NYT]
(Photo: DCvision2006)