Comment by XorNot
16 days ago
Low cost items, of the type the vast majority of the population are quite sensitive to the price of, have almost no margin on them to start with. There isn't 10% to cut.
16 days ago
Low cost items, of the type the vast majority of the population are quite sensitive to the price of, have almost no margin on them to start with. There isn't 10% to cut.
True, but a $5 trash can with a 10% tariff is $5.50
The $5 trash can is made in China, which is receiving something on the order of a 50% tarriff.
And now that's 50c extra in taxes to the government for every other part of the supply chain consuming $5 trash cans as an expense.