An Update On Tarrifs

[For The Popcorn]

I received by boards and parts for the vending machine project today. I was pleasantly surprised to say the least.

On a $185 assembly order from JLC, delivered by DHL, no tarrif or additional fees were charged.

On a $68 parts order from Tayda Electronics (Thailand), delivered by DHL, no tarrif or additional fees were charged.

On a $16 + tax and shipping from Avnet, a ~$10 "tarrif recovery fee" was charged, later reduced to ~$3. This was for ST Micro triacs, which had to be in the US already, as they shipped the next day.

On a Digikey order, two tarrifs were charged:

10% on TDK capacitors

A little less than 10% on $2 of diodes.

Again, both of these parts had to be in the US as they shipped the next day.


So today at least, the only tarrifs charged were by US companies in anticipation of paying larger tarrifs.


Before anyone criticizes my comments, please understand that tarrifs are paid by consumers, NOT BY SUPPLIERS. If you can't understand that, there is no need to comment.

 

[jpanhalt]

A five year old kid with a lemonade stand knows more about business than [long line of deleted expletives deleted] trump.

At noon (EDT), President Trump's DJIA $42,117 (up $863, 2.11%). It was up more than $1,000 earlier. NASDAQ up $619 (3.46%).

How's your lemonade stand doing?

 

[ZipZapOuch]

At noon (EDT), President Trump's DJIA $42,117 (up $863, 2.11%). It was up more than $1,000 earlier. NASDAQ up $619 (3.46%).

How's your lemonade stand doing?

Points, not $.

Today's market gain is like asking me why my hand feels so good today. Answer: I stopped hitting it with a hammer.

I'm supposed to feel good that he stopped doing dumb things?

 

[For The Popcorn]

There is so much corruption and rot in the trump administration and you point to an slight increase in the stock market which he CRASHED as success?

This is not the place to debate the destruction trump has caused to the nation and the world. My momma told me never to argue with fools, particularly delusional ones, so I'll stick to the topic at hand – the impact of tariffs on members of this community.

 

[ZipZapOuch]

De minimis tariffs have been reinstated. There wasn't enough staff or space in the Cincinnati air freight processing center to handle all the packages! No plan, no management, no implementation, no strategy, no brain.

https://finance.yahoo.com/news/live/trump-tariffs-live-updates-us-slashes-de-minimis-tariff-china-lifts-boeing-ban-amid-trade-war-thaw-191201959.html

Now, let's see how long before Mr Popcorn posts this same thing!

.

 

[Ian Rogers]

I was worried this thread would nose dive... I think the current administration could have done this better, but NO country will survive on free trade. What he has done is good in the long run, but boy! What arrogance to treat every other country with that level of disrespect. Loosing allies is far worse. They will accept the tarrifs eventually, but you lost a fair few along the way. My old man used to say, "Engage brain before mouth" He was right.

I don't want to lock this thread, but we're not here to belittle each other. Leave that to Don.

 

[Nigel Goodwin]

They will accept the tarrifs eventually,

Who will?, the American public? - it's them who have to pay the tariff, despite what trump seems to imagine - and the affected countries will simply put similar tariffs on American goods, drastically reducing American exports.

But ignoring obvious retaliation, as I see it the only possible way it can supposedly work is by stopping cheap Chinese imports, and manufacturing those missing products in the USA using American made components.

Even if such a thing was possible, and it would take a LONG time to come to fruition, the goods are still going to be MUCH more expensive due to the much higher labour costs in the US.

Despite Apple's pathetic claims that they don't manufacture in China for cost reasons, that's a complete lie, and they are moving production to India, another country with cheap (basically slave) labour. Claiming that the US doesn't have a sufficiently skilled workforce is crazy - if he claimed 'a sufficiently skilled workforce willing to work for peanuts', then that might make sense.

 

[ZipZapOuch]

if he claimed 'a sufficiently skilled workforce willing to work for peanuts', then that might make sense.

Exactly. Just like the visas for technical people in the 1990s/2010 era. "We don't have enough skilled people (to keep salaries at a 'reasonable*' level).

* reasonable = suppressed

 

[Ian Rogers]

Nigel Goodwin I mean tariffs to and from.. Uk are on 10% (at the moment) Once the trade deal is finalized, I'm sure there will be a reasonable figure. But as for the comments.. I believe that making stuff in the USA will take a couple of decades.. Longer if he pisses everyone off. If they need to build factories to make steel and aluminium, they'll have to buy the stuff first.. Chicken and egg.

 

[Nigel Goodwin]

Nigel Goodwin I mean tariffs to and from.. Uk are on 10% (at the moment) Once the trade deal is finalized, I'm sure there will be a reasonable figure. But as for the comments.. I believe that making stuff in the USA will take a couple of decades.. Longer if he pisses everyone off. If they need to build factories to make steel and aluminium, they'll have to buy the stuff first.. Chicken and egg.

I wasn't quite that pessimistic

I'm of the opinion though that his final term will be over before it ever happens (to any degree), assuming he even makes his full term.

 

[For The Popcorn]

While headlines read "Deminomus Tariffs Slashed" on products shipped from China, don't do your happy dance just yet. There are conflicting reports this afternoon, but here is what Reuters is reporting:

"....the White House order released later said the levies will be reduced to 54% from 120% for items valued at up to $800 sent from China via postal services, with a flat fee of $100 to remain, starting from May 14."
(A minimum fee of $200 was reportedly to take effect June 2nd, now replaced by a $100 minimum fee effective tomorrow.)

Carriers (e.g., DHL, FEDEX, UPS) can pay either the 54% or the $100 fee per package, industry experts said. The logistics companies or freight forwarders collect those tariff fees from sellers in China in advance. (Paid by the recipient.)

– Parenthetical comments and emphasis mine.

So the short answer is:

● Cheap shipping ending up with USPS will require a minimum payment of $100 when delivered.

● DHL/FEDEX/UPS shipments will incur duty charges of 54% or $100 (presumably the lesser value), paid by you via the seller. The courier service may add additional fees on top of that.

Perhaps "slashed", but far from the good ol' days of two months ago.


All of this is subject to change of course, since no planning or forethought goes into these actions and nobody really knows what's going on.

 

[schmitt trigger]

All of this is subject to change of course, since no planning or forethought goes into these actions and nobody really knows what's going on.

Exactly! BTW, Emphasis mine.
Business can’t thrive on uncertainty. Customers close their wallets tightly shut in such times.
In the meantime, many businesses, small and large are languishing. By the time the dust settles, many may be already bankrupt, with all the jobs gone.

I have said it before: I don’t fundamentally disagree with DT’s tariffs. But its execution is simply the product of whim and emotion. Zero thought given.

 

[For The Popcorn]

Do you consider President Autopen smart?

Spoiler: Not Autopen?

 

[ZipZapOuch]

Was this the latest thread on the subject?