Tariffs

TARIFFS 

A strong case against Trump's tariffs


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Here is an example to help make people understand. For one of the items that I import, the tariffs that I paid for a shipment before the inauguration was $28,641.

Now with Trump's new tariffs it is $55,919. After 8/12, the tariffs will increase again so it will be $76,832. This is a huge increase from January.  

The customer has not accepted a price increase for this item, hopefully they will in the future. In the meantime my small business that works on low profit margins has to eat this extra cost, or stop selling the item. I have this same issue with multiple products. 

If we stop selling it, then the people who work in the U.S. on the production line, the warehouse, in logistics and the office on this will lose that work. In addition, the U.S. companies that I buy other components from will lose a lot of revenue, and most of those are also small companies. 

Right now these U.S. companies have already lost revenue from me this year because Trump's trade war had our customers at a stand still for a few months and they did not place their usual orders and canceled other orders. 

Note: Before Trump's first tariffs in 2018-19, this same shipment had a tariff of $5,910! //






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