Tariff updates - what’s the Latest?

[James48843]

Looks like Trump has also raised the tariffs on Chinese found from 10% to 20%.

That’s going to hurt.
Link to China move:

Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People's Republic of China

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency

www.whitehouse.gov

And Mexico and Canada begin tariffs tomorrow at 25%. This is going to severely affect the market tomorrow - forward.

 

[nasa1974]

Put a pair of depends on and grab a fresh set of sticky pants I think we are going to need them. It might get ugly.

 

[WorkFE]

Put a pair of depends on and grab a fresh set of sticky pants I think we are going to need them. It might get ugly.

Or a buying opportunity

 

[JTH]

Just a rant

I've been living with Tariffs the past 10 years in Europe. One time a friend shipped me a $50 care package, the shipping was $60 and I paid $75 in import fees, talk about wealth destruction. Although Poland does make a lot of it's own goods, "overall" the EU does not. Our version of Amazon is Allegro.PL and just like the US, most of the products are made in China.

Generally speaking if I can find two "like" items (one from the US and one from here) there's about a 10% to 20% difference in price. Here's a sample of what I'd pay if I bought a 1K laptop off amazon.com with $235 in import fees for a 1K laptop.

That same laptop in Poland would cost 1,375, which is 10% more expensive then importing it in from the states, and 27% more expensive then buying it in the states.

 

[nasa1974]

Just a rant

I've been living with Tariffs the past 10 years in Europe. One time a friend shipped me a $50 care package, the shipping was $60 and I paid $75 in import fees, talk about wealth destruction. Although Poland does make a lot of it's own goods, "overall" the EU does not. Our version of Amazon is Allegro.PL and just like the US, most of the products are made in China.

Generally speaking if I can find two "like" items (one from the US and one from here) there's about a 10% to 20% difference in price. Here's a sample of what I'd pay if I bought a 1K laptop off amazon.com with $235 in import fees for a 1K laptop.

That same laptop in Poland would cost 1,375, which is 10% more expensive then importing it in from the states, and 27% more expensive then buying it in the states.

View attachment 68214

Ouch!!

 

[WorkFE]

Ouch!!

But if I could walk it across the border there would be no import fees.

 

[jonfresno]

Just a rant

I've been living with Tariffs the past 10 years in Europe. One time a friend shipped me a $50 care package, the shipping was $60 and I paid $75 in import fees, talk about wealth destruction. Although Poland does make a lot of it's own goods, "overall" the EU does not. Our version of Amazon is Allegro.PL and just like the US, most of the products are made in China.

Generally speaking if I can find two "like" items (one from the US and one from here) there's about a 10% to 20% difference in price. Here's a sample of what I'd pay if I bought a 1K laptop off amazon.com with $235 in import fees for a 1K laptop.

That same laptop in Poland would cost 1,375, which is 10% more expensive then importing it in from the states, and 27% more expensive then buying it in the states.

View attachment 68214

Is there a point where you may decide to pay the extra 10% if you think an expensive item may need service, or does that matter as far as warrantee? That's a stiff hit, but probably not worth while to move back state side for cheaper stuff

 

[JTH]

Is there a point where you may decide to pay the extra 10% if you think an expensive item may need service, or does that matter as far as warrantee? That's a stiff hit, but probably not worth while to move back state side for cheaper stuff

Yes, that's a very big deal, as an example.

If I buy an American phone, and it needs a warranty repair, odds are it will have to be shipped to a US regional repair center.
If I buy a US product, a "simple return" does not exist.

So most of the time I'm better off buying it locally and paying more. But there are some issues, such as the new-tech stuff. New tech usually goes to the US first, and can take months to get into the EU. This means a lot of the electronic stuff here can be dated (sort of like shopping at Best Buy) where you're paying full price for older tech.