Don't think most people are aware of just how high the markups are on a lot of Chinese and Asian imports. A little price pressure will do some good for the US.
over half of the tariff costs on their end with the retail import side eating another large part on their end so the customer only sees a far smaller increase in their purchase price.
For decades cheap , mostly Asian imports have put a ceiling on price in price hikes by American manufactuer who have had to get lean and efficient to compete.
Now Trump has flipped the script and these same American producers are able to put a price ceiling on how much the importers can raise their prices to pass on the cost of tariffs.
Sucks to be them just now , but they have made it suck even worse to be an American manufacturer for going on thirty years so my well of sympathy is kind of dry at the moment.
“Don’t think most people are aware of just how high the markups are on a lot of Chinese and Asian imports.”
oh, i know all too well.
our company will ultimately need to cut down in margins as one of the parts to adapt to this environment.
the combination of tariffs, our competitors etc.... will ultimately force us to trim some margin off somewhere.
or our competitors will