patrick.net

I'm not going to chase down a comment and quote it, but I've said the same thing in other threads. Tariffs are unlikely to raise prices. The worst case is you see less of stuff you didn't need anyway on the shelf or online. Who cares? Most of it was trash anyway.

WookieMan says

I'm not going to chase down a comment and quote it, but I've said the same thing in other threads. Tariffs are unlikely to raise prices. The worst case is you see less of stuff you didn't need anyway on the shelf or online. Who cares? Most of it was trash anyway.

I heard the same such as on Marketplace on NPR, which is that there will be a limited supply of goods as the tariffs will cause certain goods to not be on the store shelves.

But China could send a $150 Chromebook to Vietnam which then adds another $20 to the price and then turnaround and sell it to the USA.

.

But China could send a $150 Chromebook to Vietnam which then adds another $20 to the price and then turnaround and sell it to the USA.

But China could send a $150 Chromebook to Vietnam which then adds another $20 to the price and then turnaround and sell it to the USA.

AD says

But China could send a $150 Chromebook to Vietnam which then adds another $20 to the price and then turnaround and sell it to the USA.

Too difficult to do. Easily checked. Also would endanger any Vietnamese Trade deal, it's sure to be in there. Re-export is not that easy.

perfectly legal

Fortwaye says

perfectly legal

It's is, if you want to pay a fine or higher tariff. The origin is what matters. It's also trivial to open a chromebook at look at the parts and ID the origin physically.

https://www.cbp.gov/trade/rulings/informed-compliance-publications/marking-country-origin-us-imports

Dear President Trump,
@realDonaldTrump

I am the founder of a clothing brand called CUTS. We are a bootstrapped business that has been around for eight years and are a true example of living the American dream. We’ve built this business to millions of dollars in revenue over the last eight years, had a tremendous amount of success, provided jobs to hundreds of people, and I believe I am an example of the prosperity possible in America.

I voted for you in 2016, 2020, and 2024 because I believed in your vision for the country—and I still do. However, the recent tariff changes are happening too quickly. Removing 321 de minimis at the same time as increasing tariffs on China from 25% to 145% will be the death of thousands of eCommerce companies just like
@cutsclothing
. These are businesses that bootstrapped their way to success, created American jobs, and are now enjoying the fruits of their hard work in this country.

I understand and support the goal of putting America first—we are fully aligned with that mission. But the way these changes have been handled creates tremendous uncertainty for brands like ours. By placing tariffs on Vietnam and other countries, and then changing them so quickly, we are left unsure of what to do. More importantly, we need time to adjust to new legislation.

Regarding 321 de minimis, we were proud to use that exemption. In 2016, you mentioned using a “Hillary Clinton loophole” to lower taxes—and I respected that. That’s what a smart businessman does. Similarly, we used de minimis as a way to compete in a global market. Removing that, combined with the sudden implementation of heavy tariffs, would make our current margin structure unsustainable.

My goal in writing this is not to oppose you, but to stand with you in your mission of making America great again. We want to protect American jobs and help bring manufacturing back. CUTS is ready to help lead that charge—but it cannot happen overnight.

My request is that both the removal of 321 and the China tariff increases be delayed with enough time for U.S. companies to react—which, for production businesses, is at least 9 to 12 months. That time would allow us—and companies like us—to adjust, set up new manufacturing, and even pursue U.S. production that aligns with your vision.

I humbly ask that you take this seriously. Every day this continues, more businesses will fail. Solving one issue but hurting the very people who voted for you is not the best outcome. Mr. President, we believe in you, and we know there are things you see that we cannot. I hope you take this into consideration—so together, we can make America great again.

Respectfully,
Steven
Founder & CEO, CUTS Clothing
9:12 AM · Apr 15, 2025
·
1.6M
Views

California is preparing to ask a court to block Donald Trump’s “illegal” tariffs, accusing the president of overstepping his authority and causing “immediate and irreparable harm” to the world’s fifth-largest economy.

The lawsuit, to be filed in federal court on Wednesday by California’s governor, Gavin Newsom, and attorney general, Rob Bonta, is the most significant challenge yet to Trump’s flurry of on-again-off-again tariffs. In the complaint, California officials argue that the US constitution explicitly grants Congress the power to impose tariffs and that the president’s invocation of emergency powers to unilaterally escalate a global trade war, which has rattled stock markets and raised fears of recession, is unlawful.

“President Trump’s unlawful tariffs are wreaking chaos on California families, businesses and our economy, driving up prices and threatening jobs,” Newsom said in a statement. “We’re standing up for American families who can’t afford to let the chaos continue.”

Relying on a statute known as the International Emergency Economic Powers Act of 1977 (IEEPA), Trump has issued a series of declarations imposing, reversing, delaying, restarting and modifying tariffs on the US’s trading partners.

The complaint argues that the law does not give the US president the authority to impose tariffs without the consent of Congress. It asks the court to declare Trump’s tariff orders “unlawful and void” and to order the Department of Homeland Security and Customs and Border Protection to stop enforcing them.

California is preparing to ask a court to block Donald Trump’s “illegal” tariffs, accusing the president of overstepping his authority and causing “immediate and irreparable harm” to the world’s fifth-largest economy.

“President Trump’s unlawful tariffs are wreaking chaos on California families, businesses and our economy, driving up prices and threatening jobs,” Newsom said in a statement. “We’re standing up for American families who can’t afford to let the chaos continue.”

Regarding 321 de minimis

How much of California's tax revenues are from capital gains tax such as from the stock market ?

RWSGFY says

Regarding 321 de minimis

Why would a firm that makes their shit in the US be against ditching 321 de minimum?

Answer: they use that loophole to get around existing tariffs for stuff they sub-componentise in China that they then incorporate into their final product here in the US.

Their bullshit is glaring.

California is preparing to ask a court to block Donald Trump’s “illegal” tariffs, accusing the president of overstepping his authority and causing “immediate and irreparable harm” to the world’s fifth-largest economy.
The lawsuit, to be filed in federal court on Wednesday by California’s governor, Gavin Newsom, and attorney general, Rob Bonta, is the most significant challenge yet to Trump’s flurry of on-again-off-again tariffs. In the complaint, California officials argue that the US constitution explicitly grants Congress the power to impose tariffs and that the president’s invocation of emergency powers to unilaterally escalate a global trade war, which has rattled stock markets and raised fears of recession, is unlawful.

Pure jacking off hoping to find a whacko activist judge. States have no tariff authority whatsoever. California has representatives and senators.

Gavin Calhoun can suck it.

Last week, Japan sent its chief trade negotiator to Washington to speak with US leadership regarding a trade deal. Reports indicate the reason no deal has been reached is that Japan hasn’t gotten a firm, consistent answer on what the US wants.

Economic Revitalization Minister Ryosei Akazawa was in Washington DC until Friday last week but left without finalizing a deal with Trump’s trade teams. This morning, Fox Business Senior Correspondent Charles Gasparino reports that Japanese negotiators left frustrated and complaining about a lack of information.

“Japanese negotiators are complaining that the problem with the trade negotiations with the White House, what’s delaying concrete progress and a real deal, is the US keeps changing its ask in terms of exactly what it wants, said one financial CEO who speaks regularly to country officials,” Gasparino posted on X, formerly Twitter.

(Bloomberg) -- US Treasury Secretary Scott Bessent told a closed-door investor summit Tuesday that the tariff standoff with China is unsustainable

(Bloomberg) -- US Treasury Secretary Scott Bessent told a closed-door investor summit Tuesday that the tariff standoff with China is unsustainable

Sure he did. (Not)

But if he did, he was referring to China.

(Teehee, FARS and other state car dealership associations are among the top donors to the GOP.)

The Trump administration is considering reducing high tariffs on Chinese imports to 50%-65% instead of the previously imposed 145%,

I doubt the tariffs will be applied to the retail price of things; imagine what the cost of an iPhone is to Apple, it's far below retail.

So if 20% of an Apple hardware product that sells for $2000 is "Chicom sourced" (i.e., service, labor and parts), then this means only a 16% increase in the price of the Apple hardware

It won' even be that. Th iPhone already sells at what the market will bear, so no increase in price. Apple will just make 16% less profit per phone,

Basically I haven't noticed any tariff price increases on products.

Offshoring was all about reducing producer prices, not consumer prices