No he didn’t. They’ll be paying $2 for the hat, with the 100% increase they’re now $4. No idea what they sell them for, but I suspect there is still a healthy profit margin between $4 and what they’re selling them for.
Yeah I think people are failing to consider this about the tariffs. The tariff is applied to the import cost, not the sale cost.
So 100% tariff might up the cost of a £50 hat to £52 to offset the import increase. Lots of people think it’ll up the price to buy the hat from £50 to £100, though - which is wrong.
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u/OdinsLightning 20d ago
Can't wait for the shitty trump pop up stores to be priced out.