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US economy shrank 0.5% in the first quarter, worse than earlier estimates

(apnews.com)
355 points Aloisius | 2 comments | 26 Jun 25 19:23 UTC | HN request time: 0.485s | source
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joering2[dead post] ◴[26 Jun 25 20:53 UTC] No.44391242[source]▶
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unsnap_biceps ◴[26 Jun 25 21:01 UTC] No.44391322[source]▶
Even if China paid the tariffs, how did you expect it to work? The manufacturers would just eat the entire fee and give you stuff for under cost?
replies(4): >>44391397 #>>44391613 #>>44391670 #>>44391702 #
1. MangoCoffee ◴[26 Jun 25 21:27 UTC] No.44391613[source]▶
Chinese manufacturers will split the fee with buyers when the tariff rate is modest and doesn't eat too much into their profit.
replies(1): >>44391811 #
2. spiderfarmer ◴[26 Jun 25 21:46 UTC] No.44391811[source]▶
The rate isn’t modest so the straw already broke the camel’s back.