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Re:Wyze pays $255k of tariffs on $167k of floodlights
by Antipodes456 on Thursday May 01, 2025 @02:28AM
(#43854306)
So I manufacture cycling products from Taiwan + China, importing to US... he's paying 152% tariffs, on the cost price of the product. Previously would have been like 7% base, with maybe a 20% trade war tarriff added on.
So for back of napkin: $10 widget, selling for eg $40.
NORMALLY Product: $10, Shipping, storage etc: $10, Duties: $0.70, Marketing $10, Sale price: $40, Profit: $10
TRADE WAR Product: $10, Shipping, storage etc: $10, Duties: $15, Marketing $10, Sale price: $40, Profit: -$5
So to make even 15% profit, the price needs to increase from $40 to ~$52
So companies are either winding up and ditching their inventory in China (lose less), or if they can prices are going up 20+%. Inflation here we come
At that price they be losing a significant amount on this.
UPS has already laid off 20,000 people. There is about to be a tsunami of businesses winding up unfortunately (us included).
Re:Wyze pays $255k of tariffs on $167k of floodlights
by anigbrowl on Thursday May 01, 2025 @01:57AM
(#43854155)
This has been written about in so many articles and discussed so extensively on HN and many other forums over the last month that it's hard to believe your stated lack of knowledge.
Re:Wyze pays $255k of tariffs on $167k of floodlights
by Cerium on Thursday May 01, 2025 @12:53AM
(#43853847)
Higher, most goods don't have import taxes, or rates were less than 10 percent. Looks like the rates for wall mounted lights were previously 5 percent.
Re:Wyze pays $255k of tariffs on $167k of floodlights
by tomcam on Thursday May 01, 2025 @12:53AM
(#43853844)
Also I’d like to know the tariffs China puts on similar items imported from here