thomashaack.bsky.social
@thomashaack.bsky.social
And that’s before American distributors & manufacturers add their margins to the now hyper-inflated cost.
Get the idea?
Yeah, Math is Funny!
February 3, 2025 at 8:16 PM
Now treat that increased cost like a business today would & increase your cost to cover the labor to reprice everything to include & pay the tariffs. Then increase your profit margin to meet company standards. Chances are a 25% tariff will increase the cost of an item by closer to 50%.
February 3, 2025 at 8:16 PM
Here’s how it works: Something costs 75 cents. If you’re going to pay a 25% tariff, you must increase the cost by one third (25 cents) to one dollar. Then when you pay 25% or, in this case 25 cents, you’re still receiving your original amount of 75 cents. But prices are up over 33%.
February 3, 2025 at 8:12 PM
Math is funny. Especially Economics. If you want to collect a 25% tariff on a product, the seller must increase their price by a third in order to simply pass the tariff through (which is not what businesses do).
February 3, 2025 at 8:07 PM