So many faces, so little time.
Really confused at the business owner saying his company is paying the tariffs. Did they get into a contract with a clause that makes the exporter bear the tariffs+fees to the destination country?? More likely I’m guessing that the buyer just sent a call saying the deal is off or had a strict price limit, but if it’s the former case that’s some remarkable business sense and foresight 🤦♀️
(I suppose it’s also possible that China’s tariff policy works a little differently. I’m not an expert on the subject)
If the terms on the contract are DDP (Delivery Duty Paid), which a lot of customers in China request, then the taxes and duties at the point of entry to China are paid by the exporter. You want to use terms DAP (Delivered at Place) and name the port or airport. The importer is then responsible for all local charges, including these sudden tariffs.
Is DAP the same as FOB?
They’re similar, but in DAP the risk transfers at the named destination port whereas with FOB risk transfers once loaded at the origin port.
That makes sense, thank you
It’s a cult. The cult members will never believe that fearless leader is stealing from them.
I can’t even make myself read all the way through that stupidity.
He’s not one of the workers that got laid off. He’s going to be fine probably…
This guy would win gold at the mental gymnastics olympics.
“They’re not ‘Trump’s tariffs.’ These aren’t tariffs imposed by the U.S. government,” Adams said. “They’re tariffs China puts on anything coming from the U.S., and when they doubled them overnight, we couldn’t absorb the hit.”
“How dare you fight back! It’s all your fault I started this flight!”
Wasn’t it Trump’s ilk in the 80’s who sent all the business TO China in the first place, thus kicking off the imbalance? Reaganomics, and all that bs
China was a small fry then
So it’s wrong that China manufactures everything, simply because we sent it all there?
No, Im saying its a free market and not a directed one
Yes, which is why sending all the business to them kicked off the current imbalance.
Easy to say in 2025
Easy to say in 1970.
“Let’s send the factories to another country. Then we won’t have factories anymore. What could possibly go wrong?”
And we know they understood this, because they explicitly didn’t outsource food production to another country. They subsidized local food production to keep it around.
By “they” you mean us?
I’m 1933 they knew the importance of keeping local industry alive https://www.econlib.org/library/Enc/AgriculturalSubsidyPrograms.html#%3A~%3Atext=Modern+agricultural+subsidy+programs+in%2CAgricultural+Adjustment+Act+of+1933.
Yes, but the US doesn’t have a directed economy. Consumers and businesses choose where to manufacture their goods. The US does subsidize auto manufacturing, for example.
It was obvious back then too.
Trump was already talking about tariffs back then. I think against Japan but not China.
.
Why wasn’t he selling to US Steel? Free markets? I don’t know, just seemed odd.
If only the Orange Armageddon was actually good at business instead of being a metaphorical Bull in a China shop.
Easy, just ship it to all the American refineries that must have sprung up by now thanks to the tariffs.
Of course I realise they haven’t, and they wont. It’s no wonder because the trade policy this republican administration is enacting is neither thoughtful, now well planned, nor precise, nor trustworthy, nor supported by subsidies or other circumstances that make the establishment of local production likely.
