Stay tuned to pricing in coming weeks. We've eaten it, as a business entity already. The tariff is assessed at the port of entry by whoever is handling the customs brokerage on the shipment.
I think it's worth remembering that while a tariff is an increase in cost, it's done at the wholesale (import) level typically. If the 'cost from China is say 30% of retail, and we have a 25% increase in that cost the actual retail is increased much less. Say 7%?
But just to keep it complex, each guy after that point in the chain doesn't look at it as a dollar increase, they still expect to make say 35% profit on the newer, improved cost. They want their margins in percent, not dollars.
In the end we end up paying more, of course (always is?), even the tax man makes more on the final sale. A natural way this is compensated is shifting more of the process within the border. Like is done with 'German' cars? Makers will want to establish warehouses here so they can import at the lowest possible value?
One thing sure, it won't make prices go down........
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OF