Shopping isn’t anything compared to 100% tarriffs is it?
Inefficient maybe, but that’s what’s the unintended consequences of I’ll thought out taxes.
Politics 🤡 Donald Trump
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Inefficient maybe, but that’s what’s the unintended consequences of I’ll thought out taxes.
No its just commerce.
Work out shipping, storage, labor, and compliance costs on every country in the chain and report back. I think you are going to be gravely disappointed.
As a starting point normal goods cost me ~30% door to door China - Aus.
So 60% sending it on into the US?
Fat markup within 100% Tarif isn’t there? Especially at scale?
No, because that's for retail in Aus. You need to house and then on ship, so your holding time is longer and your stock holding is greater. Now you need to go another 40% Aus to US. (30% costs + 10% tariff) so + 82% of total. so gross margin of 18%. No fx hedging, no staff or labor cost.
What if then they hit you with country of manufacturer tariffs?
And if its for anything of value, machinery, construction material etc, you have to factor in compliance and inspection costs on both sides of the Pacific.
Or Trump changes his mind and on a whim changes all the Tariff rates again because he feels like it.No, because that's for retail in Aus. You need to house and then on ship, so your holding time is longer and your stock holding is greater. Now you need to go another 40% Aus to US. (30% costs + 10% tariff) so + 82% of total. so gross margin of 18%. No fx hedging, no staff or labor cost.
What if then they hit you with country of manufacturer tariffs?
AUT economics professor Niven Winchester, utilising the “computable general equilibrium model”, has calculated Donald Trump’s tariffs will make the average New Zealander about $700 better off.
Tim his is because other countries have higher tariffs than us making our exports better placed than other exporters.
Go Trump
Tim his is because other countries have higher tariffs than us making our exports better placed than other exporters.
Go Trump
miket12
🏛️
That's because the "average New Zealander" doesn't export products to the US.AUT economics professor Niven Winchester, utilising the “computable general equilibrium model”, has calculated Donald Trump’s tariffs will make the average New Zealander about $700 better off.
Tim his is because other countries have higher tariffs than us making our exports better placed than other exporters.
Go Trump
The chilling effect in America
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That kind of dropshipping violates some international trade agreements, not sure if they apply to the US if you physically import the product from a 3rd party to flip it.
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What if we take Trade Me to the US, they can buy all our 2nd hand plastic shit that we got on Temu for nothing
China now digging in with retaliatory tariffs. I wonder if the orange mess will eventually back down claiming a victory that:
1. Only he knows the details of
2. ‘Sleepy Joe Biden’ wouldn’t have achieved
1. Only he knows the details of
2. ‘Sleepy Joe Biden’ wouldn’t have achieved
Trickle down theory mate!
The average worker works for Fonterra or subcontracts to them or is somehow on that money go round.
More exports means more tax dollars so the benefits trickle down to us all.
miket12
🏛️
Except, the idea of tariffs is to make imported goods look less attractive so exporters sending goods make less money in NZ. Tariffs means less exports leading to less tax dollars so less "trickle down" benefits form goods sent to the US.
Complex stuff. Ultimately people will keep buying our stuff in the US and might buy more if other export countries hit harder, make ours look cheap.
I’m going with the University economics professor saying we’re winners in this. Keep it up Trump
I’m with old mate @MaybeTop8 in that our economic system hasn’t benefitted us for harder, more complex, more stressful work.
Over the past 50 years the US has given away their number one place in the world by using China as their manufacturing base building up the Chinese economy to where it now rivals the US.
I see the whole tariff thing as a war on China and the rest of us are just collateral damage to make it appear it’s not aimed at China.
From the US perspective, they have helped a rival overtake them. Awfully generous of them. Instead of the US middle class growing wealthy, they have helped the Chinese substantially increase their standard of living. Middle US has been fuming at globalisation.
I don’t believe in these Tariffs but can see why the jilted middle America is backing Trump, looking for anything that will stop the rot. People aggrieved at the ‘system’ like @MaybeTop8 back here will jump at anything to try to stop their own fall to irrelevancy.
China/ India/ EU have 3.3b people compared to US’s 340m people and the future is outside the US. Tariffs are to little too late and so reactionary they will fail. This is the end of the age of America as the US implodes and Trump will be seen looking back on history as a dying empire in its last throws.
Over the past 50 years the US has given away their number one place in the world by using China as their manufacturing base building up the Chinese economy to where it now rivals the US.
I see the whole tariff thing as a war on China and the rest of us are just collateral damage to make it appear it’s not aimed at China.
From the US perspective, they have helped a rival overtake them. Awfully generous of them. Instead of the US middle class growing wealthy, they have helped the Chinese substantially increase their standard of living. Middle US has been fuming at globalisation.
I don’t believe in these Tariffs but can see why the jilted middle America is backing Trump, looking for anything that will stop the rot. People aggrieved at the ‘system’ like @MaybeTop8 back here will jump at anything to try to stop their own fall to irrelevancy.
China/ India/ EU have 3.3b people compared to US’s 340m people and the future is outside the US. Tariffs are to little too late and so reactionary they will fail. This is the end of the age of America as the US implodes and Trump will be seen looking back on history as a dying empire in its last throws.
miket12
🏛️
Except that he's now put a "hold" on the tariffs..... have to wonder if Musk and his other billionaire backers are unhappy with the impact the tariffs may have had on them.... can't upset the money givers!!!Complex stuff. Ultimately people will keep buying our stuff in the US and might buy more if other export countries hit harder, make ours look cheap.
I’m going with the University economics professor saying we’re winners in this. Keep it up Trump
miket12
🏛️
According to this article, over 90% of the parts used in the Chinese manufacturing of a Tesla Model 3 or Model Y, are made in China.... no wonder Musk doesn't like the increased tariffs on Chinese products.
Over 90% of Tesla Model 3 and Model Y Parts Now Sourced From China - ALSETTE
Struggling with Tesla part sourcing? High costs and long waits are common problems. Discover why China dominates Tesla's supply chain and how this situation benefits your business. China's complete automotive supply chain and massive production scale allow over 90% of Shanghai-made Tesla Model...
alsettevs.com
Noitall
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You’ll never hear musk criticise China. Trump has paused some tariffs and raised China’s to 125%According to this article, over 90% of the parts used in the Chinese manufacturing of a Tesla Model 3 or Model Y, are made in China.... no wonder Musk doesn't like the increased tariffs on Chinese products.
Over 90% of Tesla Model 3 and Model Y Parts Now Sourced From China - ALSETTE
Struggling with Tesla part sourcing? High costs and long waits are common problems. Discover why China dominates Tesla's supply chain and how this situation benefits your business. China's complete automotive supply chain and massive production scale allow over 90% of Shanghai-made Tesla Model...