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dalton99a

(88,199 posts)
Sat Apr 12, 2025, 12:01 AM Saturday

Tariff costs are already spreading across the United States.

https://www.washingtonpost.com/business/2025/04/11/trump-china-tariffs-global-economy/

Trump’s historic China tariffs spread pain through U.S. and global economies
Tariff costs are already spreading across the United States.
April 11, 2025 at 7:09 p.m. EDT
By David J. Lynch

...

Earlier this week, Kim Bradley, chief operating officer for Highline United, a footwear maker in Dedham, Massachusetts, stopped a 20-foot shipping container full of women’s footwear as it was about to be loaded aboard a ship in a Chinese port. Rather than pay a $60,000 tariff bill when it arrived in the United States, she returned it to her factory in Dongguan, China.

With Chinese goods now facing import taxes of 145 percent, the projected tariff exceeded the value of the shoes inside the container and was roughly 10 times what the company normally pays.

There is no way that a wholesaler with modest profit margins, like Highline, could absorb such a cost increase. Even routine import duties stress the company’s cash flow. U.S. Customs officials, for example, automatically deduct import taxes and other fees from Highline’s bank account less than a month after clearing its cargo into the United States. Yet it might be two or three months before Highline is paid by its customers.

Bradley has paused other shipments while hoping for an early trade war resolution. So many companies are canceling their Chinese orders that the shipping line she uses may not operate its next scheduled sailing from the port of Yantian on April 17.

Like most in her industry, Bradley said she has no choice but to buy from China. In the past, Highline has experimented with importing some products from Vietnam. But suppliers there require larger minimum orders than the more flexible Chinese producers.

While she endorses the president’s stated goal of trade “fairness,” she sees little likelihood that footwear manufacturing could return to the United States, as he intends.

“People in the United States don’t want to be making shoes,” she said.

...

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Well, America's future lies in shoemaking and sewing





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Tariff costs are already spreading across the United States. (Original Post) dalton99a Saturday OP
Well Kim - you wanted "fair" trade, the rest of us appreciate you - NOT. NoMoreRepugs Saturday #1
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