If you bought a product for $80 today and it arrived after May 2nd but before June 1st, you would pay an additional $72 (90%) or $75 (Flat Rate). It is not clear how they will determine between using the 90% or flat $75 rate. If the product arrives after June 1st, you will pay the additional $150 flat rate.
So that $80 product in total would cost:
May 2nd - June 1st:
$152 - $155
After June 1st:
$230
And those figures are probably low end, as it doesn't include any "brokerage fees" that might charged by carriers like UPS for collecting the tariffs for you.
In a large bearing cup, USA consumers will no longer make any purchases from China using the De Minimis process. This has been the intent of the last administration and now the new, using the guise of drug precursors and other banned or restricted goods. They don't let us know that one of the primary reasons is to regain profits lost by companies and importers that have lost product market share because many consumers were able to direct-purchase from foreign countries. (
Bicycle parts are a small fraction of what was being imported through the $800 De Minimis.) They want their import fees, warehousing fees, and to be able to add dealer and shop markups based on these higher cumulative costs. (more profit per item, at a higher price, with the same amount of work.)
I believe that the high tariffs for most countries will be short lived. POTUS wants each country to come begging to him to make a deal. For the countries that kiss his ring, he will give exemptions and he can boast that he won. For countries that don't play his game, the USA will basically no longer import that country's goods.
Companies will band together/industries and file for exemptions, (6 month to 1 year process) and get them because what they sell is close to 100% dependent on foreign imports. 90+% of the bicycle industry will start to collapse as soon as importers start paying the tariffs. Therefore, they will be very motivated to file for exemptions. (
Remember that this happened for the existing 20% Chinese tariffs for bicycle parts.)
Keep in mind that many large companies have been importing a much larger volume of consumers goods in anticipation of what POTUS has been doing. They are betting that they will have enough inventory to last through what is happening now. Unfortunately, small businesses, and niche products aren't included and will suffer, along with consumers like us who have enjoyed the benefits of Aliexpress, Temu and Shien
If this persists, consumers will lose access to many "convenience, consumable, and luxury items" because they will no longer be imported, or we can no longer afford them.
This reminds me of lifestyles one reads about in Russia.
