The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

New Chinese Tariffs -- It finally happened.

The Entrepreneur's Forum for learning how to build wealth and financial freedom the Fastlane way!

Say "NO" to mediocre living rife with jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence. Join our forum with more than 70,000 entrepreneurs who are making it happen.
Join for FREE Today
Get the books
Remove ads? Join Fastlane INSIDERS
(Registration removes this block)
Anything related to sourcing or importing products.

TKDTyler

The Tea Guy
FASTLANE INSIDER
Read Fastlane!
Summit Attendee
Speedway Pass
Aug 25, 2014
451
1,526
31
Is this really the first thread about it? For all you "buy from china and resell" guys, I would think this would be big news! How do you think this will impact your businesses?
I'm expecting most businesses to build the cost into their finalized price - the consumers are the ones who will be paying for the difference in the end.

Commoditized items coming from China already have razor thin profit margins, and I expect the "race to the bottom" to be even more competitive. Manufacturers are going to have a strong leg to stand on where importers are faced with a much higher bottom line.

Essentially, low margin products are getting the shaft on this one and in order to remain profitable, the consumer is inevitably going to be paying for the import tax.
 

Evil_Jester

Silver Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
May 25, 2015
263
500
30
Dallas, TX
I'm expecting most businesses to build the cost into their finalized price - the consumers are the ones who will be paying for the difference in the end.

Commoditized items coming from China already have razor thin profit margins, and I expect the "race to the bottom" to be even more competitive. Manufacturers are going to have a strong leg to stand on where importers are faced with a much higher bottom line.

Essentially, low margin products are getting the shaft on this one and in order to remain profitable, the consumer is inevitably going to be paying for the import tax.
yeah makes sense. Everybody is going to have to pay the same tax.
 

Supercar

Silver Contributor
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Mar 14, 2012
273
511
Michigan, Arizona
Yep. Nobody in small and medium retail or wholesale is going to move the manufacturing operations to the US. China's labor is still cheaper. The retail prices will go up and the consumers will start subsidizing all the uncompetitive steel workers somewhere in Pittsburgh (who just voted Democratic) to enable them to continue to do what they do. Trumponomics .

I should be receiving about 350 lbs of steel parts in the mail in a couple of months. I think FedEx takes the tax out of my account somehow magically, even thought I am not the shipper but the receiver. I will see how much that bill is and raise the prices accordingly. Everybody will.
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

MJ DeMarco

I followed the science; all I found was money.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Jul 23, 2007
34,974
138,106
Utah

IGP

Gold Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
Aug 24, 2015
504
1,387
49
Isn't the tariff mostly on tech products?

That's not going to affect the majority of "buy from china and resell" guys.
 

amp0193

Legendary Contributor
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
May 27, 2013
3,251
14,644
United States
Would love a link to a credible source on this, and what sorts of products it applies to.

I know if I google, I'll find nothing but sensationalized "news" articles.


Really, there's only a handful of HTS codes I care about... if they're unaffected, I'm good.
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

TKDTyler

The Tea Guy
FASTLANE INSIDER
Read Fastlane!
Summit Attendee
Speedway Pass
Aug 25, 2014
451
1,526
31
Would love a link to a credible source on this, and what sorts of products it applies to.

I know if I google, I'll find nothing but sensationalized "news" articles.


Really, there's only a handful of HTS codes I care about... if they're unaffected, I'm good.
Just read the signed bill - there is no finalized list yet, but it should be available soon

“(b) To advance the purposes of subsection (a) of this section, the Trade Representative shall publish a proposed list of products and any intended tariff increases within 15 days of the date of this memorandum. After a period of notice and comment in accordance with section 304(b) of the Act (19 U.S.C. 2414(b)), and after consultation with appropriate agencies and committees, the Trade Representative shall, as appropriate and consistent with law, publish a final list of products and tariff increases, if any, and implement any such tariffs.”

Source: Presidential Memorandum on the Actions by the United States Related to the Section 301 Investigation
 

hellolin

Bronze Contributor
Speedway Pass
May 27, 2015
353
418
36
Have you check out what is actually in the tariffs? It seems like they are protecting the advanced industries that China is trying to upgrade itself on, so unless some of you are in those advanced industries, probably won't have that much of an effect. I am talking about high level engineering stuff, not your everyday import/export things, I assume no one here are doing business develop and then manufacture computer chips and electronics from scratch?
 

hellolin

Bronze Contributor
Speedway Pass
May 27, 2015
353
418
36
Isn't the tariff mostly on tech products?

That's not going to affect the majority of "buy from china and resell" guys.

Yup, high level tech stuff too, those are the industries that Chinese companies are trying to "upgrade" themselves into the industries of the future. Guess Trump is trying to make their effort harder now.
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Latest Posts

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Must Read Books...

Explore books recommended by MJ DeMarco and other members of the Fastlane entrepreneurial community.
Fastlane Bookstore
Top