Regardless of the price, I think your biggest challenge would be finding a humidifier that was actually made in The USA.
So what you're saying, in the real world, is that Nike will now sell the shoe for $200 to insure shareholder value growth. People will buy it anyway because they think having Nike branded merchandise is a good thing. Nike faces no public backlash because it's not their fault there are tariffs, even though it allows them to shadily make another $10. Built in excuse that lines the shareholder's pockets. It's a win win as far as they are concerned. I mean, it's not like Nike are good shoes anyway, but the brand is a bit of a status symbol with a lot of brand loyalty. People are still gonna buy them. In the end, it's the consumer that foots the bill (pun intended).
Sounds good. But "a while" is a massive understatement. No American company with manufacturing in China is going to whip up a fully functional manufacturing facility here in The States any time soon. It's hard enough to staff a factory in the states much less get it fully built and operating. They're going to bide their time and hope this blows over or, worst case scenario, wait out the current administration's time in office.
You raise a valid point that a lot of people are missing. The tariff is based on the import cost and not the MSRP. So high margin items *shouldn't* see as much of an increase as low margin goods. The downside to that is a very large portion of high margin items is luxury goods. So the people buying those could afford the markup anyway. So if you're spending $600 on a t shirt (yes they somehow exist) with a 999% margin, spending an extra $20 or $30 isn't going to be a big deal. But if it's something that's already relatively cheap, like normal televisions and other consumer electronics, the increase would be more noticeable.
Educate us then. It took years of ignorance to dig this hole and will take time and effort to overcome the stupidity we have watched destroy our selves with by allowing it to take place. Now we are in great debt to a hostile country that controls more of our goods than we do. At what point should we begin to claw our way back to being as profitable and self reliant as possible? A long time ago obviously. Better now than never. Don't be so ignorant as to believe otherwise!
I have a very small business making custom consumer electronic hardware, including stuff for pool and billiards. It is a side hustle but helps put a dent in my mortgage and was helpful for paying off my student debt and accumulating a 20% down payment on a house. I don’t have any debt except for my mortgage for the first time in my life, and I’m 42. I did everything right, I was just born during a terrible economic generation without rich parents. This helped me break even.
Don't feed the trolls, man. That dude's comment added nothing constructive to the conversation.
It is a world economy. You don’t just pull the plug and watch everyone fail, then cross your arms and say “serves you right for XYZ, go Merica!” That’s when I really go ahead and say “k boomer.”
This whole conversation is very much headed in a way that's far better suited for the NPR section, but...
I disagree.
No, you warn them that you are tired of being robbed, paying the price for their lack of any regulation, for competing with slave labor, and mention that they need to make changes because we are not going to be screwed by piss poor policy's that are costing us and enriching them.
Best thing you ever said. If you're going to sell something you should probably have a company account for posting company related product.
And we should not be the only ones paying them. Or way more than our fair share of them. That is what is being addressed.
Yup.
I guess it's worth it... but is it?
Could, should, would - doesn't really matter. Price increases will filter their way through the system since that's how capitalism and economics work.