Really? You honestly stand here and believe nobody else gets it but you? First of all, consumers are not always paying the price with import tariffs. If they were then US CPI would strongly pick up. It does not. The reason is that importers are swallowing the cost and some of them stocked up before tariffs kicked in and now release inventory. Stockpiles at LA and other ports are at record levels. Importers don't even know where to store all that inventory. Other importers are already switching supply chains. This is a major transformation that China is struggling with.
This is the first time the US is stemming its weight against an unfair trading partner called China.
If you need to live a cheap life with cheap products that last 2 or 3 years perhaps you should contemplate moving to China. Pretty cheap there but also a pretty shitty life style.
The U.S. consumer wants cheap shit, you think they give a shit about U.S. industry? US consuemrs dont care where it is made, as long as it is cheap so blame the fact that we are a consumer economy. Thus the deficit.
The CPI is not going to storngly pick up due to tariffs imposed, that is not how this works at all. Consumers will be paying more for products because no way an importer eats a 10% tariff or 20% tariff. It is not a system wide increase on prices because we dont get 100% of our imputs from China.
You are just making shit up that importers are stockpiling and switching inventory. Waht is happening is China's stuff is still not as expensive as U.S. stuff so people are paying a little more or looking for 3rd options that DON'T include U.S. or China. So much for a win for China and the U.S.
I have a large import exportr business that deals with China. You are just googling random facts. Most importers I know don't eat any fucking tariffs because they are not in the business to lose money (like you are maybe as a trader). Tariffs only work if people stop buying Chinese goods but they are the cheapest in the world and all Americans want is their cheap shit.
By the way the list of excluded products is huge. One of the main products I import is ON the list so I don't suffer at all.
I did however pass on a deal requiring steel because the Chinese steel prices jumped on tariffs. yes the importer did not eat the tariff, he passed on the cost. Rather than pay also high prices for American steel, I just passed on the build for now.
