Checked pricing on new iPhones with my carrier this morning and was stunned that they hadn't been increased. In the meantime, just waiting for the other shoe to drop.
Also, the reciprocal tariffs agreement between China, Japan and South Korea against the US pretty much guarantees smart phones will be pretty spendy once this gets rolling.
Sure, but companies are bound to make the price adjustment to begin paying for the tariffs immediately. They aren't going to wait for specific units of inventory to make their way all they way through the supply chain.
I’m familiar with the industry, from my experience some manufacturers give 60 day notice before price increases hit retails stores. So we’ll probably see the bulk of the increases during the summer.
Car manufacturers already raised prices for cars sitting on the lot, in anticipation of the tariffs. Doesn't matter that they were imported beforehand.
in the shot term things might not change too much, contracts that were already signed, things that were already paid for.. although then again companies might just add 20% and pretend it's the tariffs anyways.
Tariffs are due once the product crosses the border. So when tariffs come into effect on day X and the product is imported after day X, the tariff is due. Doesnt matter what has already been paid for and what contracts have been signed.
I think their point was.. let's say they have enough product in the country for let's say 3 months. So no tariffs on that current inventory. They may go ahead and add the 20% to current inventory not subject to tariffs.
Just like they put the prices without tax on the shelves, they should do that too for the tariffs. And then when you pay, there should be a line "Tariffs: +$274" above the line with tax on the ticket.
I mean you only know what you really have to pay at checkout, right? Do the same with tariffs (which are taxes) so people can really see how much they pay for them. Not next the price on the shelves.
Above the "TAX $ 110.50", have a line "TARIFF $ 56.69" on this receipt for example.
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u/Strict_Foundation_31 1d ago
Checked pricing on new iPhones with my carrier this morning and was stunned that they hadn't been increased. In the meantime, just waiting for the other shoe to drop.
Also, the reciprocal tariffs agreement between China, Japan and South Korea against the US pretty much guarantees smart phones will be pretty spendy once this gets rolling.