And who’s the winner…China who has a high level delegation at this very moment in Vietnam to discuss increased trade, ties etc. “You can depend on us” they say, which a thousand years of history says they can’t…but what can Vietnam expect from the US…what can Taiwan expect…the Philippines?The Tern CEO (cargo bikes) outlined the problem the other day. He has several containers of bikes en route from the Vietnam factory and was doing everything in his power to land and clear them in California before the 47% tariff date kicked in. His tariff bill would go from zero to $1M which is impossible to offset throughout the company, through his wholesalers and retailers, making the bikes impossibly expensive for customers. So he has talked to the factory owner in Vietnam halting all further orders and is discussing with staff and other bike companies what to do. Tern have a facility in Portugal for EU customers so he suspected he'd be using them short term for US market if things continue like this. If the containerships don't land in time he'll divert the cargo to Canada or Mexico as a last resort. But bottom line- a 10% increase they could possibly absorb the hit for customers, but 47% is impossible and to build bikes in US (Trumps wish) involves massive investment and years to implement with more expensive bikes the result. So god knows what Chinese factories with new, what is it now? 110%++? could possibly do.
The Vietnamese factory workers and bosses lose out. The US company workers/staff lose out and the US customers pay more or lose out.
So who the f*ck gains?
Madness.
See Charlie Munger’s comments on Musk as well as his bizarre background…DJT has been described as a “moron” by those who worked most closely with him. I believe his own mother (an illegal btw) said the same.Trump IQ at least 156
Elon Musk IQ about 135
I'd like to be as wealthy as the 'failed businessman'.
Elon Musk, justy lucky to have become the richest man in the world, starting numerous industries. I'd like to have some of his 'luck'.
Why don't we see how these tariffs work for making America better with less export deficits. For sure, ebikes are gonna cost more.
In the early days of the internet's, I spent hours doing online IQ tests, not 'official' versions, just that style of pattern observation.Anyone over the age of 11 who brags about their IQ has serious problems. Anyone who brags about someone else's IQ at any age is worse.
A late answer from my side: I indeed was not fully aware how the U.S. electoral system worked. That's why watching the map dramatically covered with the states where Republicans won gave me the wrong impression the United States voted for Trump as a vast majority.I assume Stefan referred to the official outcome, which is the electoral college result.
Most of the UK didn't vote for our Prime Minister, he is now hated by everyone.It's not what I voted for but sadly, the rest of the world assumes we all voted for trump
Diversification issue?Oh yes, Americans are going to be so much better off with the tariffs, when exactly does "the golden age" start? RIght now, my golden age is seeing 20% losses in my retirement fund.
Works in Canada. Hmmmm... maybe because we're the 51st State?Does TREK Bikes USA website work for you?
It doesn't for me while the Poland's site does.