i work directly in the import business.
yes, the tariffs have had an impact but since most of the products i import are from China and India, then we also squeeze the manufacturers to cut costs.
I had one product that was $150000 per kilogram from China. once the first round of 10% tariffs went into a effect a month or so ago, we squeezed our supplier on pricing. got the price down to $143000 per kg.
i know this is happening all over our industry
Wouldn’t the target price be $135,000 per kg?
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.