Tariffs Update
I'm sure you heard the news by now. Tariffs are at 30%, down from 145%.
To be point blank, that's still very expensive and not enough. They are doing this to see how people will react to this.
Let me be clear, 50% would mean DOUBLE the price for everything. In other words, buying something for $10 plus 50% tariffs means it would cost $20. So at 30% its still quite high. I was hoping for a maximum of 10% and that's quite high too but tolerable if it stays that way for years.
Now, anything that's $10 will cost $13. It may not seem bad but trust me, when it comes to large numbers, it can be hundreds or thousands of additional costs. Then, there's the mark-up for retail and its game over for everyone. Prices will shoot through the roof and we're still gonna feel that pain.
If…