Just wondering if tariffs can be talked about. Apparently, the first container ship from China has arrived in LA carrying goods that are subject to a 145% tariff.
Are tariffs still an OK topic?
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Hopefully my wife's mother's day robe is on it selling at a bargain price of $189.00 from $29.99
Heard it streaming KFI AM at work. That one ship has $417 million in tariffs.
Ouch. $288M in goods, $417M in tariffs, $705M total. Lot of money passing hands.
I will have to look into this to verify, but it is pretty terrible that American consumers (not China) have to pay $417 million more.
It's great. China IS slowing down. No one forces people to pay the China tax. Don't like the tax? Just don't pay it.
Kinda sorta. Not directly. The seller will need to pony up. Sure he will need to jack up prices. If people buy the stuff remains to be seen.
America does not have the manufacturing capabilities to manufacture everything, we also do not have the work force.
It would take literally decades. So your solution is in the mean time instead of providing incentives, cutting red tape, lowering the cost of manufacturing in the US to bring manufacturing back again over decades is to just hurt already struggling Americans even more?.
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That's exactly what I'm doing.
$0 consumption beyond food, fuel and basic necessities. Now my wife is another story. But she bought everything prior to the Liberation Day in anticipation for the import duties.
It will hurt true.
Decades? No. There are many things and businesses ready to go already.
Hurt? How many essentials do you buy from China?
The issue is that you can't set up a factory in the USA overnight. We have way too much red tape. If you want a factory in China they'll knock down a neighborhood and have it built in 6 months. Alot of companies are tired of setting up facilities in China only to have their goods copied.
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Building a factory is not the biggest problem. Try to find the labor... Unbelievable how unproductive a large chunk of the labor force is.
It will take decades that is a fact no way around it due to our infrastructure, skilled labor shortage, global supply chain, energy costs, cost of construction of these facilities which also take a long time, etc.
A lot of Americans buy essentials from China, electronics needed to keep their businesses running, parts to keep their automotive shops running which in turn keep vehicles on the road that are essential for people to work, computers, cell phones, etc, the list goes on.
The machinery and building material you want to build factories come from where? China so now you are also increasing the cost of starting manufacturing in the USA.
Also in regards to your previous post "the seller will pony up" many of these imported products are for small business owners who are just trying to make a living they are Americans and that is why already small business owners in this country are saying they cannot afford it and will need to close down.
I’ve been in manufacturing for 30 years. Probably 1000 factories. Probably as many customers. I’ve heard that blah blah blah blah for my whole life. US CEO’s will sell us down the river for a nickel. Why should the U.S. taxpayer incentivize them at all.
I am ok with exceptions for required items. No one needs more Christmas decorations or trinkets to fill our already full landfills.
Lets quit selling our future generations out by shipping 1 trillion of wealth offshore every year that never returns in order to have trinkets.
So we just keep doing what we have been doing? I say no to the decades, and yes some will go away.
Electronics not included in full tariffs anyway.
Yes whomever is doing the importing/selling will pay. These guys almost always have an alternative, but if your entire business is just buying cheap junk and selling it for more, then well.
Electronics not included in full tariffs anyway.
Yes whomever is doing the importing/selling will pay. These guys almost always have an alternative, but if your entire business is just buying cheap junk and selling it for more, then well.
You been in manufacturing for 30 years but you didn't counter anything I said with facts instead go on about CEO's.
Show me where the tariffs only go into place for Christmas decorations or trinkets, I will be waiting.
Small businesses are feeling the sting. One of our family friends laid off 2 employees because the tariffs ate the profit he used to pay them. He went from ~30 hours a week there to ~80 hours to cover it. He can't raise prices without losing customers and can't simply buy American since there is no US supplier for his product.
That is unfortunate, but it is the reality for many.
Just a lot of pain for Americans as a result of all of this. Hopefully your friend can find a way to stay in business.
If people don't buy the goods, the importer (seller) is still stuck with paying the tarrif with no way to recoup the cost other, perhaps, than to not pass along the additional cost and hope to get something back on the initial investment.
This morning I got to make my contribution to this debacle. The price of my monthly coffee subscription has been increased by about 13%. I'm sure there will be more sticky fingers picking my pockets in the coming days and weeks.
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