posted by QuakerOats
Actually what has really happened is that most American companies importing from China negotiated lower prices from Chinese manufacturers to make up for the tariffs, or moved their manufacturing facilities out of China to other SE Asia countries. China is indeed bearing the brunt of the tariffs. Sorry to break your bubble.
Not necessarily. Obv companies are looking for vendors now in Bangaldesh, Vietnam, etc., but it isn't a quick process. Price increases are coming, depending on if items are in the Sep or Dec tariff dates. The manufacturer is not going to eat the 10%, the wholesale stores aren't going to eat the 10%, the end result is the consumer will eat the majority of the 10%. I work closely with the Retail Apparel industry, and some companies are way weighted in China than others. So not everything is going up, but there will be increases unless Trump keeps delaying them.