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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

#21

Post by blooalien »

sleepyguy wrote: post #16
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

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.

And the Death-Cult of Emperor Trump will cheer it every step of the way until they finally realize (entirely too late) that they're gettin' screwed too.

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

#22

Post by bigfatkitten »

exmadscientist wrote: post #7
Aurornis wrote: post #3

Earlier quoted context omitted.

The top voted comments I see are all supportive so far. There are a lot of comments asking why they don’t move manufacturing to Seattle. This theme is common among people who don’t understand how manufacturing works right now: They don’t realize that a product like this has many different parts from different places, down to the dozens of little SMT capacitors. You can’t just move the factory and avoid tariffs becaus…

I don't think there's enough manufacturing capacity in Seattle to absorb this. There are plenty of CMs here but they're small and midsized, not the big boys. And they're not in the habit of running mostly empty.

And they’re not the sort of places where you get boards for consumer electronics made. They’re doing microwave/high frequency boards for companies like Boeing.

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

#25

Post by aiiizzz »

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.

The executive order came with threats against any country doing that

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

#26

Post by justinator »

whatevermom wrote: post #20
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.

A Tariff Holiday in Cambodia you say?

heavy surf punk guitar squeals in

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

#27

Post by megablast »

aiiizzz wrote: post #25
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.

The executive order came with threats against any country doing that

Is it a country doing it??

Would a country be able to track that??

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

#28

Post by Antipodes456 »

carabiner wrote: post #9

[flagged]

So I manufacture cycling products from Taiwan + China, importing to US... he's paying 152% tariffs, on the cost price of the product. Previously would have been like 7% base, with maybe a 20% trade war tarriff added on.

So for back of napkin: $10 widget, selling for eg $40.

NORMALLY Product: $10, Shipping, storage etc: $10, Duties: $0.70, Marketing $10, Sale price: $40, Profit: $10

TRADE WAR Product: $10, Shipping, storage etc: $10, Duties: $15, Marketing $10, Sale price: $40, Profit: -$5

So to make even 15% profit, the price needs to increase from $40 to ~$52

So companies are either winding up and ditching their inventory in China (lose less), or if they can prices are going up 20+%. Inflation here we come

At that price they be losing a significant amount on this.

UPS has already laid off 20,000 people. There is about to be a tsunami of businesses winding up unfortunately (us included).

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

#29

Post by locallost »

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 is a known issue with tariffs, so "governments" are on the lookout for it. It's risky, and there are consequences if you get caught.

There were however reports of Chinese companies actually setting up production in e.g. Thailand. The products are more expensive then, so it doesn't actually change anything - at least it was like this before the introduction of the one billion gagillion tariffs.

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

#30

Post by chii »

locallost wrote: post #29
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 is a known issue with tariffs, so "governments" are on the lookout for it. It's risky, and there are consequences if you get caught. There were however reports of Chinese companies actually setting up production in e.g. Thailand. The products are more expensive then, so it doesn't actually change anything - at least it was like this before the introduction of the one billion gagillion tariffs.

> This is a known issue with tariffs, so "governments" are on the lookout for it.

not just an issue with tariffs, but with sanctions.

Guess how many companies suddenly popped up in places like kazakhstan importing electronic components and other us-sanctioned products, and then selling it to russia.

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