That is not a post Supreme Court decision notice. It has been appearing for some time.
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That may depend on the market.
I recall when quality Tequila was available for about $15/bottle. Then there was a severe shortage of Agave (the base ingredient). Prices shot to $25-30/bottle. A few years later, farmers had planted a lot, and there was now a glut; but the price of Tequila dropped only a couple of dollars per bottle. Next shortage, and now same Tequila goes up to $40-50/bottle. Ensuing glut, and prices drop only a couple of bucks. The most recent shortage, and prices started hitting $50-$75. Now there is such a huge glut that farmers can barely afford to harvest their crops, but Iāve not seen the prices drop (possibly offset by tariffs).
So no, prices that go up due to a temporary input do not always come back down afterward; especially if theyāve been high enough that people got used to it.
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FWIW, the Supreme Court did not prohibit the president from levying tariffs, it only stated that the tool he was using was not the right one for the job. The linked commentary goes into lawyerly depth about what actually transpired.
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Seems post decision to me, but Iām not the best when it comes to reading comprehension.
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True but for me most of my gem suppliers from Thailand and India are small sellers in a highly competitive environment who lost business with de minimus rules and then tariffs. If tariffs, go away, they race to the bottom.
Price of Silver and Gold is another matter.
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Once prices go up, the market will support a higher base price. They never go down to what they once were.
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We do not directly import anything at the moment, save for spices. This does not mean that some of our suppliers do not import materials, of course.
The tariffs did not directly impact us. The inflation rate during the last presidency hit us harder then the tariffs ever did.
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Does not hold true for all instances. My India suppliers included the tariffs in their prices when their tariffs were up to 28 -50%. After making the reduced agreement regarding the purchase of Russian Oil, I am paying less from one of my main suppliers.
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The removal of tariffs will reduce those prices, yes. The consumer price, however, is likely to go down but not to pre-tariff prices, because they are used to a higher price, and market forces will allow the prices to be higher than before. That is, retailers can keep prices high - maybe lower than with tariffs, but they will still remain high. Will there be exceptions? Iām sure there will be, but most businesses/businesspeople will squeeze what they can out of the market. It is the nature of the game. After all, why charge less if consumers donāt mind paying more?
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Weāre saying the same thing - but the dominant force is market pricing - not business strategy - business strategy is often proactive and reactive but its not on principle that we keep our prices raised - it will be market response. After all, the point of a business is to increase shareholder wealth. But yah.
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We donāt know on that ā¦ Brazilian Amazon Seller Support can be a very dominant market force ā¦
ā¦ and nobody wants a Brazilian account discount seller help price involuntary layoff vacation.
...
ā¦ whew ā¦ didnāt think we were going to make it through that ā¦
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Not a comprehension issue. That notice has been present for months.
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*the dominant variable is market forces
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It would seem that the IEEPA layer for China included the fentanyl + reciprocal, which is now being replaced with the Section 122 surcharge layer set at 10% but with discussions of up to 15%. Effectively brining the rates down. TBD.
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THIS ^^
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For me, the inflation rate caused by the Covid shutdown, along with fuel those first two Covid checks signed by the Presidency prior to the last presidency, hit us harder than the tariffs ever did
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Thread has run itās course
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