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Tariffs Catch-All
- Thread starter BubbaOtis
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- Views: 137K
- Politics
Duke Mu
Iconic Member
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Trump is preparing for the next cave.
Duke Mu
Iconic Member
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Trump has his head so far up his own @$$...
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edition.cnn.com
On Friday morning, West Coast port officials told CNN about a startling sight: Not a single cargo vessel had left China with goods for the two major West Coast ports in the past 12 hours. That hasn’t happened since the pandemic.
Six days ago, 41 vessels were scheduled to depart China for the San Pedro Bay Complex, which encompasses both the Port of Los Angeles and Port of Long Beach in California. On Friday, it was zero.
President Donald Trump’s trade war imposed massive tariffs on most Chinese imports last month. That’s led to fewer ships at sea carrying less cargo to America’s ports. For many businesses, it is now too expensive to do business with China, one of America’s most important trading partners.
Officials are concerned not just about the lack of vessels leaving China, but the speed at which that number dropped.
“That’s cause for alarm,” said Mario Cordero, the CEO of the Port of Long Beach. “We are now seeing numbers in excess of what we witnessed in the pandemic” for cancellations and fewer vessel arrivals.
Mulberry Heel
Inconceivable Member
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- 2,644
I still think when the shelves start to empty out this summer and panic buying starts to set in that Trump will fold like a cheap suit - like he always does and has already done with tariffs on other countries. His staff will find some way to end the tariffs (or lower them to 10%) and still claim "victory". The problem is that the Chinese may not let him off the hook that easily, as they could continue their tariffs on our products being sold in China and could limit what is being shipped here to extend the pain, so to speak.
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- 378
Come on MAGA, step up and support this business. You might not be able to replace all the shower heads in your home, but who needs more than one anyway. Am I right?
A business owner tested if customers would pay more for American-made. The results were 'sobering.'
As a small business owner, Ramon van Meer said he's used to hearing people say they'd be willing to pay more for products made in America.
When President Donald Trump ratcheted up tariffs on Chinese imports by an additional 145%, van Meer decided to see if shoppers would put their money where their mouth is.
"I wanted to know the answer and then use it for my own company," the Afina founder told Business Insider.
So the serial entrepreneur set about finding US suppliers to make his best-selling product: a specialized filtered shower head.
Van Meer said his filters are made in the US, some additional materials are sourced in Vietnam, and the final product is made in China with a single supplier.
To move everything over to the US, he said he had to find four to six separate suppliers who would handle various aspects of the production process. All told, he found it would cost three times as much to produce — more than the cost of simply paying the tariff.
Armed with real numbers, he set out to do a test with two identical products, with the only difference being their origin and, critically, their price: visitors to Afina's website were presented with the option of a Chinese-made item for $129 or a US-made version for $239.
"I'm big on just testing it out with real data and real purchases," van Meer said. "Not asking customers, not a survey, not even add-to-carts."
"When somebody has to pay for it, that's the actual real data," he added.
After several days and more than 25,000 visitors, he said he sold 584 of the lower-priced shower heads and not one single purchase of a US-made version.
In a blog post that went viral, van Meer called the results "sobering."
"We wanted to believe customers would back American labor with their dollars. But when faced with a real decision — not a survey or a comment section — they didn't," he wrote.
Nowadays van Meer said he's spending most of his time trying to shift production out of China to a country with a lower tariff rate.
"Staying in China is not sustainable because even if they make a deal, we don't know what's going to happen," he said. "The United States is also not an option, because there's just no facilities that can make it."
Van Meer said Afina currently has enough inventory in its US warehouses to last until August, at which point he would have to start charging for the tariff.
Asked whether he would roll that cost into the price or apply a surcharge, as other businesses have said they would do, van Meer said he hadn't yet decided.
"We'll probably do testing," he said.
A business owner tested if customers would pay more for American-made. The results were 'sobering.'
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finance.yahoo.com
As a small business owner, Ramon van Meer said he's used to hearing people say they'd be willing to pay more for products made in America.
When President Donald Trump ratcheted up tariffs on Chinese imports by an additional 145%, van Meer decided to see if shoppers would put their money where their mouth is.
"I wanted to know the answer and then use it for my own company," the Afina founder told Business Insider.
So the serial entrepreneur set about finding US suppliers to make his best-selling product: a specialized filtered shower head.
Van Meer said his filters are made in the US, some additional materials are sourced in Vietnam, and the final product is made in China with a single supplier.
To move everything over to the US, he said he had to find four to six separate suppliers who would handle various aspects of the production process. All told, he found it would cost three times as much to produce — more than the cost of simply paying the tariff.
Armed with real numbers, he set out to do a test with two identical products, with the only difference being their origin and, critically, their price: visitors to Afina's website were presented with the option of a Chinese-made item for $129 or a US-made version for $239.
"I'm big on just testing it out with real data and real purchases," van Meer said. "Not asking customers, not a survey, not even add-to-carts."
"When somebody has to pay for it, that's the actual real data," he added.
After several days and more than 25,000 visitors, he said he sold 584 of the lower-priced shower heads and not one single purchase of a US-made version.
In a blog post that went viral, van Meer called the results "sobering."
"We wanted to believe customers would back American labor with their dollars. But when faced with a real decision — not a survey or a comment section — they didn't," he wrote.
Nowadays van Meer said he's spending most of his time trying to shift production out of China to a country with a lower tariff rate.
"Staying in China is not sustainable because even if they make a deal, we don't know what's going to happen," he said. "The United States is also not an option, because there's just no facilities that can make it."
Van Meer said Afina currently has enough inventory in its US warehouses to last until August, at which point he would have to start charging for the tariff.
Asked whether he would roll that cost into the price or apply a surcharge, as other businesses have said they would do, van Meer said he hadn't yet decided.
"We'll probably do testing," he said.
ChileG
Iconic Member
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- 2,022
And of course Trump thinks this is a sign of prosperity.
HintonJamesHeel
Esteemed Member
- Messages
- 727
China-US deal announced. I’m sure it’ll be a bunch of nonsense that basically goes back to status quo.
HeelYeah2012
Honored Member
- Messages
- 808
Exciting to hear the US and China struck a deal so quickly. All about making sure the relationship between the two countries is mutually beneficial and not one-sided. Exactly what the country voted for.
- Messages
- 6,223
We have to be careful how this is presented, since we also argue for living wages. We don't want this to come across as a direct correlation between labor and goods cost. I'm sure that most of us here understand that there are other variables, but will the cult?Come on MAGA, step up and support this business. You might not be able to replace all the shower heads in your home, but who needs more than one anyway. Am I right?
A business owner tested if customers would pay more for American-made. The results were 'sobering.'
Loading…
finance.yahoo.com
As a small business owner, Ramon van Meer said he's used to hearing people say they'd be willing to pay more for products made in America.
When President Donald Trump ratcheted up tariffs on Chinese imports by an additional 145%, van Meer decided to see if shoppers would put their money where their mouth is.
"I wanted to know the answer and then use it for my own company," the Afina founder told Business Insider.
So the serial entrepreneur set about finding US suppliers to make his best-selling product: a specialized filtered shower head.
Van Meer said his filters are made in the US, some additional materials are sourced in Vietnam, and the final product is made in China with a single supplier.
To move everything over to the US, he said he had to find four to six separate suppliers who would handle various aspects of the production process. All told, he found it would cost three times as much to produce — more than the cost of simply paying the tariff.
Armed with real numbers, he set out to do a test with two identical products, with the only difference being their origin and, critically, their price: visitors to Afina's website were presented with the option of a Chinese-made item for $129 or a US-made version for $239.
"I'm big on just testing it out with real data and real purchases," van Meer said. "Not asking customers, not a survey, not even add-to-carts."
"When somebody has to pay for it, that's the actual real data," he added.
After several days and more than 25,000 visitors, he said he sold 584 of the lower-priced shower heads and not one single purchase of a US-made version.
In a blog post that went viral, van Meer called the results "sobering."
"We wanted to believe customers would back American labor with their dollars. But when faced with a real decision — not a survey or a comment section — they didn't," he wrote.
Nowadays van Meer said he's spending most of his time trying to shift production out of China to a country with a lower tariff rate.
"Staying in China is not sustainable because even if they make a deal, we don't know what's going to happen," he said. "The United States is also not an option, because there's just no facilities that can make it."
Van Meer said Afina currently has enough inventory in its US warehouses to last until August, at which point he would have to start charging for the tariff.
Asked whether he would roll that cost into the price or apply a surcharge, as other businesses have said they would do, van Meer said he hadn't yet decided.
"We'll probably do testing," he said.
CFordUNC
Legend of ZZL
- Messages
- 5,389
Yikes. The fact that Trump is rolling over so easily makes me think something bad is coming. All of those truckers not hauling freight and all of those ports not docking freighters is going to start showing up pretty quickly. Looks like someone has shown him that blaming Biden for everything ain't working anymore. All of those empty shelves this summer are going to bite him in the ass bigly. His approval numbers are already tanking, and they ain't seen nothing yet if there are widespread shortages.
superrific
Legend of ZZL
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- 9,239
LOL. You've been had, again. There is no deal. There is a "deal" -- i.e. they are agreeing to set up a framework for discussions. That is not remotely the same.
I've predicted correctly that every one of Trump's "deals" were empty, and that continues to be true today (note: the "minerals" deal is a joke, and the US-UK treaty is still very much in the theory phase). I am extremely confident that whatever will be announced on Monday will be fake.
Xi believes that China will win a trade war. Trump believes the US will win the trade war. Xi is correct. So they are going to wait Trump out. Now, Trump will probably withdraw his tariffs like he's done with everything else, because he's ultimately a cowardly wuss with no spine, but that's not a victory. That's Trump destroyed the economy for no reason.
heelinhell
Iconic Member
- Messages
- 2,238
Yeah, I went to the store yesterday and noticed empty shelves carrying two of my shopping needs.
Fortunately for me my granddaughter is 14yo and no longer has an interest in Barbie dolls or I would be at a loss come Christmas .
Have my fingers crossed that the shelves in my local ABC store don't go empty
You should do okay if you're a bourbon drinker.Yeah, I went to the store yesterday and noticed empty shelves carrying two of my shopping needs.
Fortunately for me my granddaughter is 14yo and no longer has an interest in Barbie dolls or I would be at a loss come Christmas .
Have my fingers crossed that the shelves in my local ABC store don't go empty
As President, first term or second term, what would Trump's list of successful deals look like?
superrific
Legend of ZZL
- Messages
- 9,239
well, there was that one with Europe where the EU agreed to buy LNG but the EU isn't involved in LNG purchases at all.
There was that one with Mexico where he managed to shrink the commitment of Mexican soldiers at the border because he didn't know they had some there already.
There was that Nafta 2.0 that he negotiated . . . and then violated.
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- 1,564
LOL, you cannot possibly be that gullible.
Did Trump’s NAFTA differ from the preceding NAFTA?