Mack Truck laying off 100s in PA & MD

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Pretty much all the goods portion of what my company sells comes from Europe - mostly Germany but some other countries. So far we are just absorbing the cost. Its very high margin compared to cost of goods though - the real cost is designing and applying the stuff. So tariff on the import cost likely doesn't hurt us like it would someone importing a commodity.

The thing you need to remember is the tariff is applied at import cost, not sell cost. So if you import at $100 and sell at $200, you only pay tariff on the $100. If someone charges you tariff on their sell price, there taxing you on their margin, which is crooked.

Most of my competitors make goods also in Europe or Japan - so were all in the same boat. There is no one manufacturing in USA that I know of. The traditional USA suppliers moved there stuff to Mexico years ago mostly, or went under, or sold out to companies in Europe or Japan. I am guessing whatever the big players do, everyone will do the same. I think everyone is just waiting to see what eventually things settle at.

I have heard of one company so far making their prices + tariff. I will likely talk to someone from there soon, so I will find out how thats working.

but tariffs on euro goods are o pause, of course you would notice little. So far it's just the rising euro, falling dollar
 
The stock is already coming ashore my wife deals with this. You can’t say you need lead time to hit the shelves. The product was already on cargo ships when the tariffs were put in place that inventory now gets the additional tariff added to it on US Shores.
Your comment about hit the shelves you were talking about one aspect of the economy meaning what retail is a holding. The bottom line is the stuff was already shipped and it’s not just retail items. It’s commercial goods supplies endless products not just beanie baby toys for tots games.
It’s garments, shoes, sneakers, tumblers, coolers, sporting goods, promotional items, home items, furniture.


Customers have ordered product at one price arrives in US port tariff is tacked on and becomes a fiasco if the company in China is going to give in or insist the company buying the product in the USA is going to pay the tariff.

General impression coming from my wife is China companies are not giving in and paying the tariff.
Pretty much telling the US customer it’s their problem.

That's myunderstanding aswell, usually such tarriffs get announced a month or 2 in advance so goods in transit aren't affected. But the China tarrifs were immediate.

freight on the east coast seems to be doing better, but that will be from/to europe I suppose.
 
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