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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
byBuchenskjoll ( 762354 ) writes:
The best analogy, I've seen for tariffs is:
"I buy a lot from the local pizza place, they don't buy anything from me. Now I'll start paying 10% more until they learn".
byOgive17 ( 691899 ) writes:
My company has some products build in China and sold in the US. At the beginning we were eating most of the costs but with the situation evolving frequently, we switched to a policy that we'll only produce if the customer agrees to pay the tariffs, whatever they may be, when the product arrives.
We have specialized production facilities all over the world.. so what is produced in China is a unique product and sold globally, the same for the products we produce in the US and sell globally. I understand t
byCubicleZombie ( 2590497 ) writes:
Elasticity of supply and demand. Tax cigarettes and the consumer pays the tax because they're addicted. Tax apples and people will buy oranges instead, so the producer pays the tax. Everything else is somewhere in between.
So if you raise your prices and people keep buying, then your prices were too low.
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