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Wyze pays $255k of tariffs on $167k of floodlights

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Re: Wyze pays $255k of tariffs on $167k of floodlights

#11

Post by 0_gravitas »

waxpancake wrote: post #8
techpineapple wrote: post #5

Feels like maybe the tariffs are working if they’re talking about moving their production stateside?

They said they’re looking to “move out of China,” but that almost certainly doesn’t mean the U.S. Probably India or Vietnam, maybe Turkey or Malaysia.

And even if the factory where they're assembled is in the US, they still need to import the materials/components from...most likely not the US; that's why CyberPower is looking awfully grim atm, assembly in the states, but they won't be able to make the cost of the materials remotely worth it for that reason.

Re: Wyze pays $255k of tariffs on $167k of floodlights

#14

Post by carabiner »

sleepyguy wrote: post #10

Ryan Pertersen (Import Genius and now Flexport) said that if these tariffs continue on China, 80% of small and medium-sized businesses that buy from China will go bankrupt. Over 2 million jobs will be lost. He is not the only one calling for a small business Armageddon. The big corporations love it, companies like Apple got exemptions, it's why you don't here them freaking out. Hope Wyze makes it through this, long-t…

In 2021, approx 500 years ago, Ryan tweeted out a series of measures intended to resolve a Long Beach port shipping jam. His measures did almost nothing and amounted to bluster and broscience. https://www.latimes.com/business/technology/story/2021-10-28...

He also doesn't understand the concept of commercial airliners avoiding military airspace: https://www.reddit.com/r/ATC/s/1bTyTpBsqb

Re: Wyze pays $255k of tariffs on $167k of floodlights

#15

Post by sph »

carabiner wrote: post #14
sleepyguy wrote: post #10

Ryan Pertersen (Import Genius and now Flexport) said that if these tariffs continue on China, 80% of small and medium-sized businesses that buy from China will go bankrupt. Over 2 million jobs will be lost. He is not the only one calling for a small business Armageddon. The big corporations love it, companies like Apple got exemptions, it's why you don't here them freaking out. Hope Wyze makes it through this, long-t…

In 2021, approx 500 years ago, Ryan tweeted out a series of measures intended to resolve a Long Beach port shipping jam. His measures did almost nothing and amounted to bluster and broscience. https://www.latimes.com/business/technology/story/2021-10-28... He also doesn't understand the concept of commercial airliners avoiding military airspace: https://www.reddit.com/r/ATC/s/1bTyTpBsqb

A person was wrong once, so can be safely ignored forevermore. Shipping lane jams nor military airspace have nothing to do with the matter of tariffs GP is talking about.

Re: Wyze pays $255k of tariffs on $167k of floodlights

#16

Post by sleepyguy »

carabiner wrote: post #14
sleepyguy wrote: post #10

Ryan Pertersen (Import Genius and now Flexport) said that if these tariffs continue on China, 80% of small and medium-sized businesses that buy from China will go bankrupt. Over 2 million jobs will be lost. He is not the only one calling for a small business Armageddon. The big corporations love it, companies like Apple got exemptions, it's why you don't here them freaking out. Hope Wyze makes it through this, long-t…

In 2021, approx 500 years ago, Ryan tweeted out a series of measures intended to resolve a Long Beach port shipping jam. His measures did almost nothing and amounted to bluster and broscience. https://www.latimes.com/business/technology/story/2021-10-28... He also doesn't understand the concept of commercial airliners avoiding military airspace: https://www.reddit.com/r/ATC/s/1bTyTpBsqb

Well, we have a front row seat to the shitshow. It will play out in front of everyone to see the results in real time.

Re: Wyze pays $255k of tariffs on $167k of floodlights

#18

Post by kalleboo »

waxpancake wrote: post #8
techpineapple wrote: post #5

Feels like maybe the tariffs are working if they’re talking about moving their production stateside?

They said they’re looking to “move out of China,” but that almost certainly doesn’t mean the U.S. Probably India or Vietnam, maybe Turkey or Malaysia.

Their own reply to themselves is a gif of Robin Williams yelling "GOOD MORNING VIETNAM"

Re: Wyze pays $255k of tariffs on $167k of floodlights

#19

Post by putlake »

sph wrote: post #15
carabiner wrote: post #14

Earlier quoted context omitted.

In 2021, approx 500 years ago, Ryan tweeted out a series of measures intended to resolve a Long Beach port shipping jam. His measures did almost nothing and amounted to bluster and broscience. https://www.latimes.com/business/technology/story/2021-10-28... He also doesn't understand the concept of commercial airliners avoiding military airspace: https://www.reddit.com/r/ATC/s/1bTyTpBsqb

A person was wrong once, so can be safely ignored forevermore. Shipping lane jams nor military airspace have nothing to do with the matter of tariffs GP is talking about.

Shipping lanes is more Peterson's area of professional expertise, isn't it? He's not an economist.

Re: Wyze pays $255k of tariffs on $167k of floodlights

#20

Post by whatevermom »

almosthere wrote: post #17

I'm guessing a ton of new companies will pop up overnight in India, Taiwan, Vietnam, S Korea that simply purchase components from China and resell them to the US. Not exactly helping anyone.

This will happen in Cambodia. They are building a massive amount of factories near Sihanoukville where the Chinese goods will be stamped with « made in Cambodia » and shipped right away to the USA.
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