Summary as of June 1, 2025
Worldwide Tariffs are on Hold until July 4, but for 10%
Europe Tariffs - and that 50% are on Hold until July 4, but for 10%
China Tariffs - are on Hold until August 9, but for 30%
Canada/Mexico are is ???, but for 10%
Steel, aluminium, rose from 25% to 50% a few days ago
De Minimus Tariffs are still in effect.
(please correct me if I am wrong)
But the Trade Court, struck down all but the Steel, Alum, Tariffs as they were made without an emergency declaration.
But the Appeals Court, to the Trade Court stayed the ruling. So what do we have? Another 15 to 30 day wait.
So July 4 is 35 days away. The next deadline (unless there are more tariff, that can be dreamed up)
What does a country do? Negotiate now, or wait. So far as I can tell, there has been only 1 agreement with Britain, and the areas of tariffs were pretty limited to certain areas.
That leaves another 120 or so? 60 days = 1, 30 days left
What does a US Vendor do? Well the big boys, are probably shipping like mad and eating the 30% (or pass it thru at a minimum), during this “lull”. If it stays at 30%, they will survive, if lower, they paid more, but are overjoyed, and if higher, then they have stocked up at 30%
But what of the 100,000 small vendors (that is you), purchasers, and all businesses that are effected?
That is the big question? Many will fold, most will be effected at least in a minor monetary way (the stapler that broke cost an extra 40¢, whatever), and I think a majority will be hit with major losses, in either increased expenses, reduced sales, or delay in new product development or investments.
Maybe I am to close to the fire, but it seems this all should have a major effect on our economy, and our mood, to spend. Add that the disruption of many federal jobs, only hurts the overall economy from powering through the hurt the retail markets will feel.