return2ozma@lemmy.world to News@lemmy.world · 21 hours ago'Did I Miss Something?': Online Shoppers Shocked as Trump Tariffs Jack Up Prices 145%gizmodo.comexternal-linkmessage-square204fedilinkarrow-up1868arrow-down19
arrow-up1859arrow-down1external-link'Did I Miss Something?': Online Shoppers Shocked as Trump Tariffs Jack Up Prices 145%gizmodo.comreturn2ozma@lemmy.world to News@lemmy.world · 21 hours agomessage-square204fedilink
minus-squarepsycho_driver@lemmy.worldlinkfedilinkarrow-up25arrow-down1·9 hours ago145% isn’t even accurate because that’s just on the cost of the good. You then have to figure in retailer margin, seller margin etc. Most MSRPs will be 300% of what they were to keep those the same as before.
minus-squareRailcar8095@lemm.eelinkfedilinkarrow-up5·5 hours agoNot really. If they keep the same % based on what it costs them, then it should increase by the same amount. If they instead get the same amount (which would effectively mean reduce their margins) the final cost would be a bit less. Happy to be corrected with some numerical example. So if you see any price increase greater than the tariff amount, it’s plain corporate greed.
minus-squareJumpingspiderman@lemmy.worldlinkfedilinkarrow-up5·4 hours agoI think “corporate greed” is a good explanation for pretty much all our problems.
minus-squareRailcar8095@lemm.eelinkfedilinkarrow-up1·4 hours agoGiven the effect on the climate due to pollution, even rain or lack of can be explained by corporate greed
minus-squareBlackmist@feddit.uklinkfedilinkEnglisharrow-up1·3 hours agoLess if anything. You buy something from China for $100. Add packing, staff costs and delivery and you sell it retail for say $200. A nice healthy profit margin. Now you add the 145%, so it costs $245 from China. None of the rest of it will cost you more. Still an extra $100, for $345 total. The retail customer pays an extra (345/200=) 72.5% instead. It’s a lot, but not 145%. So if your retail price goes up by 145% or more, they either weren’t making a lot of profit before, or they’re greedy bastards.
145% isn’t even accurate because that’s just on the cost of the good. You then have to figure in retailer margin, seller margin etc. Most MSRPs will be 300% of what they were to keep those the same as before.
Not really. If they keep the same % based on what it costs them, then it should increase by the same amount.
If they instead get the same amount (which would effectively mean reduce their margins) the final cost would be a bit less.
Happy to be corrected with some numerical example.
So if you see any price increase greater than the tariff amount, it’s plain corporate greed.
I think “corporate greed” is a good explanation for pretty much all our problems.
Given the effect on the climate due to pollution, even rain or lack of can be explained by corporate greed
Less if anything.
You buy something from China for $100. Add packing, staff costs and delivery and you sell it retail for say $200. A nice healthy profit margin.
Now you add the 145%, so it costs $245 from China. None of the rest of it will cost you more. Still an extra $100, for $345 total.
The retail customer pays an extra (345/200=) 72.5% instead.
It’s a lot, but not 145%.
So if your retail price goes up by 145% or more, they either weren’t making a lot of profit before, or they’re greedy bastards.