41–50 of 316 posts
I guess we can’t know precisely how this happened without seeing UPS’s original Form 7501. The amended one sounds strange. Why did they claim that the duty for the actual HTS code is $0, and attribute the entirety of the tariff to the special EU-origin code?
Tariffs are great. They protect the struggling domestic IT industry and gives it time to ramp up its production of vintage computer parts.
I know one US business that used to make niche electronic product. Most components they used were from China. Got hit by the tariffs that wiped all the operating profit. Guy also had to sell his home and is now couchsurfing. Business is unlikely going to recover. Of course he considered making chips and other components in the US, but he was few billions short to start the fab.
if that happened, the business already had seriously bad margins, bad cash flow, over-leverage, or maybe he was just doing it out of love getting paid maybe back for his time or not.
tariffs might’ve hurt, but they don’t collapse a healthy niche hardware company where buyers are presumably also into the niche.
seems weird i dont get it. can you explain further?
Earlier quoted context omitted.
I still find it baffling that Trump managed to convince people that, somehow, "China" is paying these tariffs, despite the fact that that makes no fucking sense . These companies in China aren't charities; even if the exporter were the ones directly paying the tariffs, it would simply be baked into the price of the good being sold. This really isn't hard. It's literally something I learned on the first day of high sc…
Its scary how many things Trump says, claims that are roughly equivalent to, "1 + 2 = 4", which people just eat up as truth! It feels like all the deficets in our education system (going back decades) are finally coming to roost... so many people lack critical thinking skills and media savvy/awareness. I think its too late to fix it, now that a sufficient majority of people are susceptible to this deception, and a su…
Tariffs are great. They protect the struggling domestic IT industry and gives it time to ramp up its production of vintage computer parts.
maybe even s-100 bus cards.
I just got an invoice from ups to pay a $16 brokerage fee to jpmorgan for collecting a $0.60 tariff on a sticker included in a box with a custom keyboard shipped from Taiwan. Seems like wall street is making out better than the US on this arrangement
Earlier quoted context omitted.
I know one US business that used to make niche electronic product. Most components they used were from China. Got hit by the tariffs that wiped all the operating profit. Guy also had to sell his home and is now couchsurfing. Business is unlikely going to recover. Of course he considered making chips and other components in the US, but he was few billions short to start the fab.
Reminds me of a comment I think by Nancy Teeters the first female Federal Reserve board member. She said the other board members thought they could savage the US manufacturing industry to kill wage inflation and break the unions and it would come right back once they stopped. And it didn't.
¹ annoyingly enough this doesn't even work with DHL, which is a separate thing from DHL Express in Germany.
If SCOTUS finds the tariffs unconstitutional in Learning Resources v. Trump, they should order refunds.
Might be hard to issue refunds.
1. https://reason.com/2025/09/02/the-white-house-says-trumps-ta...