4 ms·
In think a lot of those good are simply not flowing anymore. Suddenly a bunch a products are from companies around the world are no longer viable to sell until
by nothercastle 1y ago
In think a lot of those good are simply not flowing anymore. Suddenly a bunch a products are from companies around the world are no longer viable to sell until current stock is purged and the price of everything goes up.
A lot of vendors are still locked in with pre-tarrif pricing to big box stores so all of them need to go bankrupt before the full price increase takes effect.
- wqaatwt 1y agoEU did this years ago when they started applying VAT on small packages. You can still easily buy as much Chinese stuff as you lik, though. Chaos and uncertainty seem like a much bigger issue in the US than forcing foreign retailers to compete on an even footing with local sellers.
- swasheck 1y agochaos and uncertainty are the result of what appears to be fundamental ignorance of how complex economic systems work. policies are being drafted and executed based on a cursory understanding of how things work, and undergirded by barely-suppressed racism.
- dboreham 1y agoChaos and uncertainty are a feature not a bug.
- bee_rider 1y agoA VAT is specifically designed to try and distort the market less (by taxing the value added at each step). With a tariff the whole point in the distortion, the goal is to make the imported goods less competitive.