NoYesNoYes

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

145%

145%

which ones?

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.

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

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.

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.

104

Look up apparel profit margins

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 %.

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.

photo of a white cat

Astor. Kowa Six / 85mm 2.8 / Kodak Tri-X 400. Summer ‘24.

#filmphotography #analog #cat #pspsps

Added a label in my Google Maps. There, better.

#gulfofmexico #googlemaps

A small plane.

Richardson, TX, December 2024.

#photography
#blackandwhitephotography

Dallas skyline in the fog

Dallas, TX, November 2024

#photography
#blackandwhitephotography

wow!

Seems efficient

An arrangement of birds.

Garland, TX, September 2023

#photography
#blackandwhitephotography

Tiny humans, illuminated.

Garden of the Gods, Colorado Springs, August 2024.

#blackandwhitephotography
#photography

A random Warning Sign. No further explanation. Needed.

Near a highway rest area, Des Moines, NM, August 2024.

#blackandwhitephotography
#photography

“Hey Donald, they say you sound like an owl!”

“WHO?!”

“They said it, that you sound like an owl!”

“WHO did?! Ima take care of this!” - pulls out sharpie

Sunset as seen fromThe Garden of the Gods, Colorado Springs, September 2024

#blackandwhitephotography
#photography

Two birds drinking from a puddle. Dallas, November 2024.

#photography
#blackandwhitephotography