David Warrick, executive vice president of Overhaul, a supply-chain management company, said most businesses can't absorb tariffs of as high as 145% on goods from China and are passing price hikes onto consumers.
"This is transparency," he said of some retailers' decision to display tariff charges on customer receipts.
Righttt, transparency is so important like when you guys said products were made in sweatshops or by slave labor? Oh wait, it only matters when it’s beneficial to you.
Consumers should understand that this is what you're paying for, and what the cost of trade policy is and how it's uplifting prices," he told CBS MoneyWatch. "It's useful, and a good demonstration of how tariffs are impacting daily spending."
And you’re going to put made with forced labor to lower cost on anything from China right?
Triangl, an online swimwear company, announced that as of April 30, orders from U.S.-based customers will include tariff charges at checkout. On Thursday, a one-piece woman's swimsuit sold on the site with a retail cost of $119 was subject to tax of $12.35, while shipping costs ran $20. Import duties on the item amounted to $211.11, raising the final price to $362.46.
So an already overpriced swim suit from China is now more expensive? Almost like the entire point of tariffs.
Also tariffs aren't calculated at the final retail sales, but at the importers' cost at the port, which I'm guessing is only 20% to 30% of the retail price, even if the exporters and importers and retailers all don't take a portion of the hit and shift it all to the consumers the price should only increase 30% to 40%, but of course the retailers won't show the actual tariffs because people can easily calculate how much they jacked up the retail price for something that cost them $10 shipped from China
Righttt, transparency is so important like when you guys said products were made in sweatshops or by slave labor? Oh wait, it only matters when it’s beneficial to you.
And you’re going to put made with forced labor to lower cost on anything from China right?
So an already overpriced swim suit from China is now more expensive? Almost like the entire point of tariffs.
Also tariffs aren't calculated at the final retail sales, but at the importers' cost at the port, which I'm guessing is only 20% to 30% of the retail price, even if the exporters and importers and retailers all don't take a portion of the hit and shift it all to the consumers the price should only increase 30% to 40%, but of course the retailers won't show the actual tariffs because people can easily calculate how much they jacked up the retail price for something that cost them $10 shipped from China
So someone had some bad data on their website and CBS obediently wrote an article about it.