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Wed Jul 11, 2018, 10:46 AM

How much will a 10% tariff raise the price of clothes?

Assume that a piece of clothing arrives at Long Beach valued at $10. The 10% tariff raises the value to $11.

3 votes, 0 passes | Time left: Unlimited
It will still retail for $40, and the retailer will reduce margins.
2 (67%)
It will sell for $41 to recover the cost of the tariff.
1 (33%)
It will sell for $44 because distributors, warehouses, retailers, etc, will use the same markup %.
0 (0%)
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Disclaimer: This is an Internet poll

6 replies, 196 views

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Reply How much will a 10% tariff raise the price of clothes? (Original post)
Troll2 Jul 2018 OP
fools_gold Jul 2018 #1
Troll2 Jul 2018 #4
liberalguy Jul 2018 #2
Troll2 Jul 2018 #5
FreeWheelBurning Jul 2018 #6
Squeek Jul 2018 #3

Response to Troll2 (Original post)

Wed Jul 11, 2018, 11:31 AM

1. It depends on the competition

Costs cannot always be "passed on" in a free, competitive market.

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Response to fools_gold (Reply #1)

Wed Jul 11, 2018, 01:05 PM

4. I think it will stay $40, but when it is marked down, it will be $27 instead of $26.

It will probably stay $10 when it reaches Oddlots.

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Response to Troll2 (Original post)

Wed Jul 11, 2018, 12:20 PM

2. Righty logic: a new 10% tax does nothing, but a $1 hike in min wage will double price of burgers.

 

Use the new taxes to finance single payer healthcare and then we'll talk.

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Response to liberalguy (Reply #2)

Wed Jul 11, 2018, 01:11 PM

5. 10% on $200 billion is only $20 billion -- a pittance compared with healthcare costs.

US healthcare cost are about 3000 billion a year, so $20 billion is only 2/3 of 1% of healthcare costs. It's in the accounting noise.

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Response to liberalguy (Reply #2)

Wed Jul 11, 2018, 02:50 PM

6. No one said a $1 hike would double the price of burgers

But you knew that.

You also know that it is more than a $1 dollar jump from the current minimum wage to the proposed $15 dollar minimum wage.


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Response to Troll2 (Original post)

Wed Jul 11, 2018, 12:45 PM

3. Ummm....

I dunno. Never was much good at Math.

Be that as it may, though...

I hardly ever buy anything new. Mostly used from Ebay

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