Any thoughts on the 145% Chinese tariff on purchases?

[Wildh24]

Just got notification it's moving again. UPS has it. We'll see if it's hit with tariff bill.  I've not had anything yet so I assume it's ok as I don't think they'd release it from customs without a paid invoice.

[AzureEssence]

https://www.cbsnews.com/news/temu-halts-shipments-to-us-from-china-de-minimis-tariffs/

"President Trump on April 30 said the import duty exemption for parcels worth $800 or less amounted to "a big scam going on against our country, against really small businesses.""

ROFL. Literally everything that comes out of this dude's disgusting pie hole is a lie.

The only ones that will benefit from closing this loop hole are BIG businesses. Tariffs are going to absolutely DESTROY small businesses that don't have the capital to absorb the losses...or bribe him for an exception.

[lidation]

Yeah, after he got rid of the $800 de minimus, we the consumer will have to buy pretty much the same stuffs at a higher markup by the rich middleman like Amazon.
Manufacturing is not coming back to the US in any way. My kids are not going to work in those sweatshop factories, putting tiny tiny screws onto iPhones and whatnot.

https://www.cbsnews.com/news/temu-halts-shipments-to-us-from-china-de-minimis-tariffs/

"President Trump on April 30 said the import duty exemption for parcels worth $800 or less amounted to "a big scam going on against our country, against really small businesses.""

ROFL. Literally everything that comes out of this dude's disgusting pie hole is a lie.

The only ones that will benefit from closing this loop hole are BIG businesses. Tariffs are going to absolutely DESTROY small businesses that don't have the capital to absorb the losses...or bribe him for an exception.

[JG4700]

Go ahead and bash Trump but note that last year House Democrats also attempted to end the de minimis exemption.

https://prosperousamerica.org/house-democrats-take-lead-on-closing-de-minimis-loophole-going-against-amazon-fedex-others/

[zilcho]

Go ahead and bash Trump but note that last year House Democrats also attempted to end the de minimis exemption.

https://prosperousamerica.org/house-democrats-take-lead-on-closing-de-minimis-loophole-going-against-amazon-fedex-others/

Yes, anyone paying attention knows both sides are terrible and Americas two team politics are basically one team, but this source is a joke. Whataboutsim is a weak argument and doesn't change the fact that Trump, MAGA politicians, and Project 2025 are why this is happening now and with such seemingly shortsightedness that will only benefit large corporations and the ultra rich.

[00Garza]

Well…looks like some not so terrible news in all this mess.

https://www.msn.com/en-us/money/markets/us-weighs-plan-to-slash-china-tariffs-to-as-low-as-50-down-from-145-as-soon-as-next-week-sources/ar-AA1EqkSu

[jonathanf2]

Well…looks like some not so terrible news in all this mess.

https://www.msn.com/en-us/money/markets/us-weighs-plan-to-slash-china-tariffs-to-as-low-as-50-down-from-145-as-soon-as-next-week-sources/ar-AA1EqkSu

So we'll just pay 50% on the national import tax? Wow we're so lucky, thank you Führer...I mean President!

[coffeebreak]

So we'll just pay 50%

Old news. That was yesterday morning which in current times was ages ago.

Today the king said, in these exact words - "“80% Tariff on China seems right! Up to Scott B"

[jonathanf2]

No surprise, but it looks like gravel carbon wheelsets are some of the first bike components to sell out. I'm noticing inventory is shrinking and wheels that used to be in ample stock are now out of stock. 

[Ludo]

From US stocks?

[coffeebreak]

Which ones? Elitewheels?

[jonathanf2]

From US stocks?

I'm always surfing bike parts on Amazon, so I feel like it's an early indicator of what's selling since third party vendors list their inventory stock on there. A month ago there were quite a few gravel wheelsets, but I'm seeing very little available.

Which ones? Elitewheels?

Elite Wheel gravel wheelsets are gone. Super Team gravel wheels which were plentiful are also sold out. I'm sure the higher priced gravel wheelsets will start to dwindle.

[Tijoe]

Looks like the Chinese Tariffs are dropping back down to 30%.  WOW!  What a deal!    Except... The bicycle industry in the USA has lost all of its tariff exemptions put in place back when the tariffs were only 20%,  plus the $800 De Minimis is gone, and it is still not clear what process or fees we will have to pay in order to get items ordered from China through US customs. 

I read that the Bicycle industry sent a letter to the Office of the President stating that POTUS had in effect destroyed the US bicycle industry.  To date, no feedback from POTUS, but my understanding is that the Bicycle industry has already filed for Tariff exemptions. 

What a waste of time, money and people's economic livelihood.   All this to suck out another 10% tax on the average American consumer?   

[coffeebreak]

Don't forget this is for 90 days.
Which means there is another round of this circus sometime in July unless the guy wakes up at midnight someday and fires off tweets saying 30% isn't good.

[jonathanf2]

It looks like a lot of "national tax" pricing has been baked into prices of items. At least for me, my Choice items get delivered by private courier direct from the distribution warehouse. I want to see how this will pan out for various small items.