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Six months into tariffs, businesses have no idea how to price anything

(www.wsj.com)
462 points JumpCrisscross | 2 comments | 30 Aug 25 20:56 UTC | HN request time: 0.412s | source
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toasterlovin ◴[31 Aug 25 02:18 UTC] No.45079764[source]▶
FWIW, we’ve been affected by the tariffs (10% for now; we import mainly from Vietnam and Thailand at this point). Did our second price increase a few weeks ago. We’ll probably test out how much the market will bear because operating in this market really demands a risk premium. So far it’s not as crazy as the pandemic supply chain crisis, but it’s close. The most insane ending to all of this that I can imagine is that the tariffs get conclusively ruled unconstitutional and all the tariffs payed get returned. Would be a huge wealth transfer from consumers to businesses.
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1. IAmGraydon ◴[31 Aug 25 03:26 UTC] No.45080106[source]▶
>FWIW, we’ve been affected by the tariffs (10% for now; we import mainly from Vietnam and Thailand at this point).

The import tariff from Vietnam is 20% and Thailand is 19%.

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2. toasterlovin ◴[31 Aug 25 04:15 UTC] No.45080330[source]▶
The 20% tariff from Vietnam has been announced by Trump, but unless I’ve missed something in the past week or so, it’s not official. There was a news piece I read a few days after he announced the 20% number that said the Vietnamese side had actually agreed to 11% and were surprised when he injected himself into the process at the end and announced a different number. So it sounds like it’s a WIP. I believe the only country that actually has a signed deal at this point is the UK.

That being said, the copper, steel, and aluminum tariffs announced recently are real and have been assigned import classification codes by US Customs (which is when new tariffs to become real).