Hardware Vendor Says Tariffs Raising Prices By Up to 10 Percent

[schwatzz]

Nice to see the tariffs , the USA has been getting ripped off for way too long.

Bring all electronic mfg back to usa. Tarrifs are good. Libs can cry. Go ahead let it out. I will stand here laughing

Is it not anti-capitalistic to limit where corporate entities decide to conduct their business?

 

[dudmont]

schwatzz, the line where statecraft and the free market meet is indeed relevant and interesting. Further, how does the US government exert influence and control over publicly traded companies that are, at least, partially owned by foreign entities? The recent revelations regarding Google not being willing to work with the US defense dept. but on the other hand designing a new browser to the PRCs specifications is both alarming and revealing. Politics are strongly at play in all of this. Congressional action is of course required, although with the country being so sharply divided politically, any kind of real legislation passing, would require an act of God.

 

[leslie.satenstein]

My concern as a Canadian, is that our purchases do not reflect the tariff. I am looking to bypass Amazon, Newegg and other American suppliers if I have to pay US tariffs. Alibaba is willing to jump in with pre-tariff prices.

Does anyone know if the importer of American goods can ask for the tariff refund?

What "tariff refund"?

 

[leslie.satenstein]

Tariffs are supposed to be refundable as the goods are shipped out of the country. Tariffs are a cost increase to encourage Americans to buy domestically. Since the goods are exported and there are no domestically produced equivalents foreign customers should not have to pay the tariffs. On line stores should show the price before and after the tariff is applied. The tariffs are for Americans only

 

[USAFRet]

Tariffs are supposed to be refindable as the goods are shipped out of the country. Tariffs are a cost increase to encourage Americans to buy domestically. Since the goods are exported and there are no domestically produced equivalents foreign customers should not have to pay the tariffs. On line stores should show the price before and after the tariff is applied. The tariffs are for Americans only

Trade tariffs don't work like that.

 

[isan1001]

The stupidity here about tariffs is breath-taking; it's like no one here has ever taken an economics class. Fact is, tariffs increase inflation, decrease exports and stagnate economic growth. No one has ever "won" a trade war and no one ever WILL win one AND this is especially true when a capitalist economy wars with a state-controlled economy like China.

This is just the beginning of the pain. Winter is coming.

 

[jasonelmore]

Tariffs affect everyone, taxes affect only certain income brackets. China knows how to get around tariffs anyways. They'll simply ship the products to Taiwan, through a middleman, and americans will pay for that middleman by paying increased prices. The government will get nothing from it.

the gop might cut your taxes, but their policies will raise prices so much that it offsets the cuts, and most of the time, you were better off paying higher taxes and having democrats run the government. 5 republican justices on the supreme court just overruled a old case that will allow the government to collect sales tax on internet purchases country wide. Lets see your $1000+ you got back this year cover that. I'm not even going to get into inflation because you've probably already noticed the price of things going up at the grocery store. You guys don't know how bad you're being screwed right now.

All that foreign aid that Trump is threatening to stop sending overseas was granted and passed by a republican congress. Only congress can appropriate and spend america's wallet, and it's been controlled by the GOP for a good 8 years now. So blame the GOP for sending money overseas, not the dems.

 

[da.hilloulin]

I am surprised that companies have not all set up schemes like the "double Irish Dutch sandwich" to avoid the tariffs yet...
Can call it the "double Chinese fortune cookie" if they want.
Seems like they are just making an excuse to increase the prices.

 

[s1mon7]

The stupidity here about tariffs is breath-taking; it's like no one here has ever taken an economics class. Fact is, tariffs increase inflation, decrease exports and stagnate economic growth. No one has ever "won" a trade war and no one ever WILL win one AND this is especially true when a capitalist economy wars with a state-controlled economy like China.

This is just the beginning of the pain. Winter is coming.

This. In the long run, tariffs hurt only countries that participate in them. If you're the US business who gets hit by import tariffs, your Asian or European competitor benefits by being able to offer lower prices for the same product. If you don't have valid competitors now, the trade war opens up major opportunities for new businesses in countries unaffected by the tariffs.
Likewise, moving your business outside of the US is beneficial since you can then sell your products made using Chinese manufacturing to all countries except the US for cheaper, and the tariffs then only apply to the products you sell in the US. It, therefore, then makes no sense to manufacture or assemble anything in the US, as you'd have to pay tariffs on everything you make, no matter where you're planning to sell it.


As far as China goes, they also get hurt, since they lose their competitive edge against countries like India, Thailand, Taiwan etc. The point with China is that they offer the best value for money manufacturing anyway since their manufacturing quality and capacity is unmatched even for the price inflated by the tariffs, so I suppose while both, the US and China get hurt, China seems to be convinced that they will be fine in the end. Most of all, if the trade war drags on (as in if one side won't kill the other economically in a very short-term, which clearly isn't happening) all other countries profit since the trade war is opening up opportunities to everyone who's not from the US or China.

Temporarily, the businesses are only assessing their options and taking the "wait and see" approach, believing the situation is temporary and largely absorbing the costs or increasing their prices. If the trade war continues, they will be leaving the US and to some extent China, as they gain nothing by remaining there and lose all the opportunities the rest of the world receives by not being a part of the trade war.


The customers in the US and China lose no matter what for as long as the trade war lasts, so I don't understand the logic of the group of American citizens who support the tariffs. The only difference they make to them is that they will pay more for what they used to pay less. In the worst case, they will also lose their jobs at the companies that leave the US if the trade war drags on. There are no other consequences to the trade wars, just short-term costs to the end-customers filling the treasury and company pockets and long-term damage to the affected economies if they last long enough to create permanent uncertainty and competitive disadvantage.

 

[Karadjgne]

It's one thing for a couple of teenage idiots to play Chicken on tractors in their own field, it's quite another when those teenage idiots happen to run countries.

 

[stdragon]

It's one thing for a couple of teenage idiots to play Chicken on tractors in their own field, it's quite another when those teenage idiots happen to run countries.

They already have, and continue so, to play with WMDs. Nothing new here. So I say at this point "what difference does it make"

Statists are gonna state.

 

[eye4bear]

Strange how many have mentioned the "terrible economy" before the tariffs, yet the current job growth started during the last year of the Obama administration. The last year of the Bush administration this county went into a huge recession, the worst since the great depression. That is what Obama inherited when he took office, yet turned it around to give Trump an already growing economy. Only pointing out how things actually were since so many seem to forget so quickly.

 

[stdragon]

Strange how many have mentioned the "terrible economy" before the tariffs, yet the current job growth started during the last year of the Obama administration. The last year of the Bush administration this county went into a huge recession, the worst since the great depression. That is what Obama inherited when he took office, yet turned it around to give Trump an already growing economy. Only pointing out how things actually were since so many seem to forget so quickly.

Obama has ZERO to do with the improving economy. If anything, he held back what otherwise would have been a healthy correction. There's a direct correlation to the date of when Trump won the election to the stock market going north! Meaning, electing a mannequin in place of Obama would have rendered America better off.

That said, optimism on K-Street doesn't necessarily translate to an improved economy directly. It's only when the investments are spent on main street. That's when the unemployment numbers drop. Though inflation is sure to follow as it's been postponed and salaries will have to increase to match. But that's another matter entirely.