return2ozma@lemmy.world to News@lemmy.world · 3 days ago'Did I Miss Something?': Online Shoppers Shocked as Trump Tariffs Jack Up Prices 145%gizmodo.comexternal-linkmessage-square223fedilinkarrow-up1885arrow-down19
arrow-up1876arrow-down1external-link'Did I Miss Something?': Online Shoppers Shocked as Trump Tariffs Jack Up Prices 145%gizmodo.comreturn2ozma@lemmy.world to News@lemmy.world · 3 days agomessage-square223fedilink
minus-squareBlackmist@feddit.uklinkfedilinkEnglisharrow-up1·3 days agoLess if anything. You buy something from China for $100. Add packing, staff costs and delivery and you sell it retail for say $200. A nice healthy profit margin. Now you add the 145%, so it costs $245 from China. None of the rest of it will cost you more. Still an extra $100, for $345 total. The retail customer pays an extra (345/200=) 72.5% instead. It’s a lot, but not 145%. So if your retail price goes up by 145% or more, they either weren’t making a lot of profit before, or they’re greedy bastards.
Less if anything.
You buy something from China for $100. Add packing, staff costs and delivery and you sell it retail for say $200. A nice healthy profit margin.
Now you add the 145%, so it costs $245 from China. None of the rest of it will cost you more. Still an extra $100, for $345 total.
The retail customer pays an extra (345/200=) 72.5% instead.
It’s a lot, but not 145%.
So if your retail price goes up by 145% or more, they either weren’t making a lot of profit before, or they’re greedy bastards.