Anyone Notice Stiff Tariff Increases On Goods?

MDKMDK wrote:

Just one. After reading your preamble, do you think anyone actually read your post?

Nope..

Started but soon discouraged by the over the top "lawyer speak"..

In a nutshell, NO ONE WINS except for the governing body that imposed the Tariff.

The consumers lose, businesses lose.

Historically Tariffs have always ended up hurting the country that places it, not the originating country of the goods.

The cost eventually is bore by the consumer as the business importing the goods is forced to pass on the increased cost to the consumer. Business importing is is the business to well, make money, they can't absorb the increased cost so it is the end consumer that winds up paying the "tariff" (it ultimately IS A TAX!).

As far as the OPs question, I have seen a lot of things increase, basic needs like food, clothing, fuel and other goods and services. Can't say for sure that the tariffs are directly causing this but it is for sure at least indirectly.

Nothing to see here! :)

EDIT--I screwed up on my Geography--Rosa's is in the USA and he ran out to NEW Mexico. Oh well.

MEXICOWANDERER wrote:
Not interested in nationalism, politics or other theater...

Solar panels or anything else? How about stuff from Taiwan. I don't see why their stuff would jump but then who knows...

nope but then I don't track prices too closely. if we need it we get it. in any case possible short term pain for long term gain.

Songbirds wrote:

MEXICOWANDERER wrote:
Not interested in nationalism, politics or other theater...

Solar panels or anything else? How about stuff from Taiwan. I don't see why their stuff would jump but then who knows...

I will try to answer your question and I'm Not sure why you would be asking. My first thought is you are "TROLLING". But I'm going to try and give you a fair answer. Okay. Each Country sets there own trade LAWS. Example: Let's say you are in America and a Clothing maker. To have workers here make your products would be costly to you as you have to pay a fair wage to all of your employees. So you lobby Congress to set high duty rates on imported goods as another country making lower wages could undercut your market line.

So any clothing imported is at a HIGH RATE of duty about 48% and its all broken down as to what is in the garment. Cotton, Silk, rayon and so on.

Little History U.S. Customs, which was once part of U.S.Treasury paid down the US debt two times in our History. Now Called Customs Border Protection.

Back to your question. The USA has written agreements with other countries that import goods into the USA, like NAFTA, GPS is included in parts of Harmonized Tariff Schedule on selected items. As to why Taiwan, some of there goods would jump in rates of duty when imported into the USA. If the country wants more money on a popular good/item/product that would be imported because the USA wants that product and will pay more to get that Item.

Each country in the world has its own wealth of certain products. That other countries like the USA want and will pay to get.

Do you understand or do you have another question about a Product?

As I do not know your age or understanding what I'm saying here, is an overview of how an imported good works. Let's say you are an importer and but your product has to be made in Taiwan for your cost savings. As an importer, you work with a local Customs Broker. You will supply them with an invoice and information about the goods being imported. They in-turn will put together an "Entry" They the Broker are bonded and regulated by CBP. The entry can be a box or a very large 40'-foot container, which you will see trucks pulling down USA highways to your Wearhouse door. The goods once the duty is paid, inspected and unloaded all at your cost. At this point, you place the items into your store(s) all across the USA.

The TAX/revenue is set by the releasing county which you also pay in hopes of making money in the USA when sold.

Now there are ways companies keep the cost down, using a Foreign-Trade Zone. Truly you have no idea how hard this is keeping this simple.

Any more questions?

Just one. After reading your preamble, do you think anyone actually read your post?

"Trolling"

I am not sure my line of interest would include that many more buyers but I used to buy 25 - 30 LED CREE light fixtures for cars.

NOT
ANY
MORE

Prices have climbed 30% in 2-years

AND

90% of the various CREE models have disappeared.

I purchased a WEN roll-around plastic cart for $62.00 in August
Now the same cart from the same vendor costs $93.00

Power supply for $65 two years ago. Same part no. from the same vendor now $105.00.

Price for Catalytic heater $42.00 more expensive.

This has no choice but to negatively influence how I buy things. And no, there are no red-white & blue, alternatives.

I simply have to do without.

We've seen price increases but it could be due to other factors.

The effective date is 7/6/19. Plus it's not going up 25% but rather increasing to 25% from 10%. And it's based on the cost from China.

I would expect related items to also go up after all a great opportunity to make more profit. With the 50% tariff on washing machines dryers with no tariff also went up.

So I've read.

Mex is asking, not trolling. If you don’t like the post, refrain from responding.

MEXICOWANDERER wrote:
Not interested in nationalism, politics or other theater...

Solar panels or anything else? How about stuff from Taiwan. I don't see why their stuff would jump but then who knows...

I will try to answer your question and I'm Not sure why you would be asking. My first thought is you are "TROLLING". But I'm going to try and give you a fair answer. Okay. Each Country sets there own trade LAWS. Example: Let's say you are in America and a Clothing maker. To have workers here make your products would be costly to you as you have to pay a fair wage to all of your employees. So you lobby Congress to set high duty rates on imported goods as another country making lower wages could undercut your market line.

So any clothing imported is at a HIGH RATE of duty about 48% and its all broken down as to what is in the garment. Cotton, Silk, rayon and so on.

Little History U.S. Customs, which was once part of U.S.Treasury paid down the US debt two times in our History. Now Called Customs Border Protection.

Back to your question. The USA has written agreements with other countries that import goods into the USA, like NAFTA, GPS is included in parts of Harmonized Tariff Schedule on selected items. As to why Taiwan, some of there goods would jump in rates of duty when imported into the USA. If the country wants more money on a popular good/item/product that would be imported because the USA wants that product and will pay more to get that Item.

Each country in the world has its own wealth of certain products. That other countries like the USA want and will pay to get.

Do you understand or do you have another question about a Product?

As I do not know your age or understanding what I'm saying here, is an overview of how an imported good works. Let's say you are an importer and but your product has to be made in Taiwan for your cost savings. As an importer, you work with a local Customs Broker. You will supply them with an invoice and information about the goods being imported. They in-turn will put together an "Entry" They the Broker are bonded and regulated by CBP. The entry can be a box or a very large 40'-foot container, which you will see trucks pulling down USA highways to your Wearhouse door. The goods once the duty is paid, inspected and unloaded all at your cost. At this point, you place the items into your store(s) all across the USA.

The TAX/revenue is set by the releasing county which you also pay in hopes of making money in the USA when sold.

Now there are ways companies keep the cost down, using a Foreign-Trade Zone. Truly you have no idea how hard this is keeping this simple.

Any more questions?

Taiwan is on the good list, is not China, so no China tariffs on Taiwan.

I have not noticed any price increases. The seller will try to absorb some of the expense, but ultimately something will have to get passed on to the consumer.

Note that if you have a $100 item for sale here, then the US buyer is not paying an extra $25. They would have paid $30, maybe $50 maybe more for the item from China to begin with, so it is not 25% on the $100, rather just whatever they paid from China.
Other expenses get added from selling it here(warehouse, employees, distribution, shrinkage, normal US taxes, warranties etc). The China tariff will be a smaller bit than you may think.

I do not mind paying extra as I am in an industry that is VERY hurt by China theft. Something needs to be done.