My father in law exports spring making machines from Taiwan. There is a 20% tariff for his machines into the US even tho nobody in America manufactures these.
My FIL eats 5% of profits, the manufacturer eats 5% of profits and the rest goes to the consumer.
My FIL, only makes 2% profits after all is said and done. His competitors have already pulled out of the US markets and he is considering it too.
Once that supply chain is broken, it’s going to be even more expensive for you all.
My father in law exports spring making machines from Taiwan. There is a 20% tariff for his machines into the US even tho nobody in America manufactures these.
My FIL eats 5% of profits, the manufacturer eats 5% of profits and the rest goes to the consumer.
My FIL, only makes 2% profits after all is said and done. His competitors have already pulled out of the US markets and he is considering it too.
Once that supply chain is broken, it’s going to be even more expensive for you all.