Yeah tell that to Susannah Meyers. With a straight face.
April 11, 2025 at 10:30 PM
Yeah tell that to Susannah Meyers. With a straight face.
Tariffs are paid by the US buyer and goods are held in customs before tariff is paid. It does not cost you anything extra.
However, it may be helpful to issue a warning to your potentially unaware buyers about how much in tariff surcharge they will have to pay
However, it may be helpful to issue a warning to your potentially unaware buyers about how much in tariff surcharge they will have to pay
April 10, 2025 at 7:41 PM
Tariffs are paid by the US buyer and goods are held in customs before tariff is paid. It does not cost you anything extra.
However, it may be helpful to issue a warning to your potentially unaware buyers about how much in tariff surcharge they will have to pay
However, it may be helpful to issue a warning to your potentially unaware buyers about how much in tariff surcharge they will have to pay
It is 104% on imported Chinese goods, not China. It is a 104% import tax on US companies.
April 9, 2025 at 4:50 AM
It is 104% on imported Chinese goods, not China. It is a 104% import tax on US companies.
When you import goods they are tariffed at the port of entry. You (US business) will not be able to recieve the goods until you pay the US government the tariff cost.
April 9, 2025 at 4:48 AM
When you import goods they are tariffed at the port of entry. You (US business) will not be able to recieve the goods until you pay the US government the tariff cost.
Imagine you are a company that imports goods for $1M. And your markup/margin is 50%. You can sell your goods for $1.5M at a price point that people agree with, and that enables you to put food on the table dor you and your employees. With a 104% tariff your goods now cost $2.04M. Not sustainable.
April 9, 2025 at 4:47 AM
Imagine you are a company that imports goods for $1M. And your markup/margin is 50%. You can sell your goods for $1.5M at a price point that people agree with, and that enables you to put food on the table dor you and your employees. With a 104% tariff your goods now cost $2.04M. Not sustainable.
Yes and they’ll likely pass it on to whoever they sell their product to; the American consumer
April 9, 2025 at 2:02 AM
Yes and they’ll likely pass it on to whoever they sell their product to; the American consumer
I’m sure it is the best plan! Most secretest too. Goods imported from China now cost 2.04x, half pre-tariff cost, half 104% tariff collected by Uncle Sam screwing over American business. Cosumers get screwed because business will pass along cost. Good old Inflation is nothing compared to this.
April 8, 2025 at 11:09 PM
I’m sure it is the best plan! Most secretest too. Goods imported from China now cost 2.04x, half pre-tariff cost, half 104% tariff collected by Uncle Sam screwing over American business. Cosumers get screwed because business will pass along cost. Good old Inflation is nothing compared to this.
Face value, tariffs are collected on imported goods at the port of entry, by the US government. For every $1M of goods imported from China by a US business, the US Gov now collects $1,040,000.
April 8, 2025 at 11:03 PM
Face value, tariffs are collected on imported goods at the port of entry, by the US government. For every $1M of goods imported from China by a US business, the US Gov now collects $1,040,000.
The exporter does not raise prices, in fact they may even lower proces some to make up for lost sales. The tariff is imposed by the US gov to the US based importer of the goods. Once goods arrive at port, the importer pays the tariff directly to the US gov. before being able to receive the goods.
April 8, 2025 at 8:12 PM
The exporter does not raise prices, in fact they may even lower proces some to make up for lost sales. The tariff is imposed by the US gov to the US based importer of the goods. Once goods arrive at port, the importer pays the tariff directly to the US gov. before being able to receive the goods.
Look up apparel profit margins
April 8, 2025 at 5:55 PM
Look up apparel profit margins
Exactly! It’s complete nonsense!
April 8, 2025 at 12:48 AM
Exactly! It’s complete nonsense!
Because the “counter tariffs” are not really counter tariffs. The used the trade balance in the formula to calculate the %.
April 8, 2025 at 12:36 AM
Because the “counter tariffs” are not really counter tariffs. The used the trade balance in the formula to calculate the %.
But they are. If I import 10M worth of goods from China, I now have to pay the US Government 5.4M before I can receive the goods. And because of it, the consumer will pay more to partially make up for the loss. Or I go out of business.
April 8, 2025 at 12:17 AM
But they are. If I import 10M worth of goods from China, I now have to pay the US Government 5.4M before I can receive the goods. And because of it, the consumer will pay more to partially make up for the loss. Or I go out of business.