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Replies: 50
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CU Guru [1536]
TigerPulse: 98%
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Line item "tariff charges" by businesses are a scam
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Apr 6, 2025, 6:50 AM
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Orbit DVD in Asheville NC posted a huge banner on their website telling customers that they will be adding 10% to orders on UK and AU blu ray and 4k discs. The problem is the tariffs are already baked into the cost of the item so after they mark it up for resale you are already paying the tariff. Orbit is going to not only mark up the item but are also going to add an additional line item "tariff charge" to the item. Putting this out here so people can be aware that the scams around tariffs have already started and to be vigilant. Take your business elsewhere.
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Tiger Spirit [9788]
TigerPulse: 100%
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We get price increases from our suppliers, we pass the cost on to our customers.
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Apr 6, 2025, 7:28 AM
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My company supplies manufacturing, construction, chemicals, consumer products. We're getting smoked by increased prices on raw materials, and the tools used to make them. We've gotten a letter from every supplier - at least 10%.
No scam here.
The bigger scam is people think tariffs are a positive. Everything is going up, while your 401K disappears.
But to your point, there's going to be a lot of businesses taking advantage of the situation.
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CU Guru [1536]
TigerPulse: 98%
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Re: We get price increases from our suppliers, we pass the cost on to our customers.
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Apr 6, 2025, 7:34 AM
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Tariffs are built into the COGS (cost of goods sold)) you don't add line item 10% tariff charge. That is a scam.
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Game Changer [1627]
TigerPulse: 97%
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This isn't necessarily true
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Apr 6, 2025, 7:47 AM
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If the company who is selling the goods decides to keep the selling price the same as before tarrifs but add a tarrif surcharge, then it is t bogus. If, however, their price increased and they add a surcharge, then sure, that's gouging... But they could also just increase the sale price by more...
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Orange Phenom [14483]
TigerPulse: 100%
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Posts: 23583
Joined: 2004
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This ^
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Apr 6, 2025, 8:35 AM
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I've seen companies add a % fuel surcharge plenty of times when fuel prices got high. It's a good alternative to raising the price of products if you feel the increased costs are temporary or if they are rapidly fluctuating making it difficult to set rigid pricing. The surcharge is alot more flexible and can be easily changed or removed.
Right now there is a ton of uncertainty with these tariffs. They could get negotiated down, they could potentially even be removed entirely, or they may stick as is. If they do stick, there may now be cheaper alternatives to source the same goods or inputs, but that could take time to set up, etc. While all of this is playing out the best solution for businesses could be to add a surcharge that can be easily tweaked rather than change their actual pricing.
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CU Guru [1536]
TigerPulse: 98%
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Re: This isn't necessarily true
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Apr 6, 2025, 9:04 AM
[ in reply to This isn't necessarily true ] |
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If the tariff is built into the COGS they aren't leaving the price the same. Suppliers aren't charging the same price so retailers aren't either it is baked in. No retailer is going to take a margin hit by leaving the selling price the same while at the same time absorbing a cost hit. Margin adjusts with the COGS. Therefore the line item "tariff charge" is just additional margin at customer expense.
Fuel surcharges are not the same thing. A surcharge is to cover operational expenses like increased fuel prices for trucking companies etc.. those things are not included in the cost of the items being transported. Big difference.
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Tiger Spirit [9788]
TigerPulse: 100%
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Team Captain [492]
TigerPulse: 94%
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Re: We get price increases from our suppliers, we pass the cost on to our customers.
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Apr 6, 2025, 8:17 AM
[ in reply to We get price increases from our suppliers, we pass the cost on to our customers. ] |
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Tariffs are a short term negotiation tool for better long term trade policy. The US should never have accepted the unfair tariff balance that has existed for decades with China, Japan, Canada, France, etc. It looks like Vietnam has succumbed to the pressure and Mexico is soon to follow. US tariffs also encourage manufacturing and production back in the US and balance the trade deficit. The US federal government existed from 1776 to 1913 on TARIFFS alone without an income tax. The US was the wealthiest nation in 1913. History is a useful tool.
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Playmaker [351]
TigerPulse: 100%
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Re: We get price increases from our suppliers, we pass the cost on to our customers.
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Apr 6, 2025, 8:34 AM
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Tariffs are a tax plain and simple. Jobs back to the US really? A capitalist system will be driven by competition. Look at textile and steel industries. Production shifts to low cost producers. Even Walmart can’t survive without trade with china. The plan is dangerous and may lead to stagflation. Protectionism is rarely good for consumers.
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Team Captain [492]
TigerPulse: 94%
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Re: We get price increases from our suppliers, we pass the cost on to our customers.
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Apr 6, 2025, 8:54 AM
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You should read more about tariffs...
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Orange Blooded [2546]
TigerPulse: 99%
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Game Changer [1868]
TigerPulse: 84%
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Re: It is quite amusing when medical tradesmen opine upon law and economics
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Apr 6, 2025, 9:31 AM
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lol
"Cato institute"
😂😂😂👍
good one
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Orange Blooded [2546]
TigerPulse: 99%
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Re: It is quite amusing when medical tradesmen opine upon law and economics
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Apr 6, 2025, 9:49 AM
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Cute. Instead of replying with an evidence based retort, your inner 12 year old stepped forth. The historical data is irrefutable. Just because Fox entertainment takes the market ticker off the screen…..
Btw, the CV for the author of the article on the Cato site is as follows:
Magness holds a B.A. in Political Science from the University of St. Thomas in Houston, Texas. He obtained his MPP and Ph.D. from George Mason University’s School of Public Policy in Fairfax, Virginia, specializing in economic history and international trade. He has taught at Berry College, George Mason University, and American University in the Washington, D.C. region. He is currently the David J. Theroux Chair at the Independent Institute.
I believe he has forgotten more economic history than you have learned in your lifetime.
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Game Changer [1868]
TigerPulse: 84%
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110%er [3778]
TigerPulse: 100%
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Re: We get price increases from our suppliers, we pass the cost on to our customers.
Apr 6, 2025, 2:19 PM
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And before you say it goob:
Trump is your president
🤡🤡🤡🤡🤡
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Orange Blooded [2481]
TigerPulse: 100%
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Re: We get price increases from our suppliers, we pass the cost on to our customers.
Apr 6, 2025, 4:55 PM
[ in reply to Re: We get price increases from our suppliers, we pass the cost on to our customers. ] |
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China is “old news” for manufacturing cost. Yes, their labor is lower than ours, but they are 5x as expensive as they were 20 years ago.
Other countries such as India, Vietnam, and Mexico are the new hot entities for most favorable manufacturing.
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Campus Hero [13549]
TigerPulse: 100%
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Tiger Spirit [9788]
TigerPulse: 100%
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Re: We get price increases from our suppliers, we pass the cost on to our customers.
Apr 6, 2025, 10:02 PM
[ in reply to Re: We get price increases from our suppliers, we pass the cost on to our customers. ] |
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First - it isn't an unfair tariff balance that exists - what exists is a trade imbalance. That isn't the fault of the countries with which we have trade imbalance, that is our fault for not producing them in a manner that allows us to keep production here. The Japanese make better cars than we do - hence we buy more japanese than American cars. That's not the Japanese fault, they are doing a better job of filling demand that the US manufacturers. If anyone is to blame, its the US manufacturers. If GM, Chrysler and Ford hadn't built such garbage in the 70's, the Japanese would've never gotten a foothold.
Second, I'm not sure that argument works when the economy is built on international trade. If we made all our own stuff, that might hold water, but all you're doing with tariffs is making it harder for our manufacturers to sell anything overseas.
You can't get permitted, build a manufacturing plant, train workers, develop a market in a few months. It takes, in many cases a decade. By that time your opportunity costs are so high, it doesn't make sense to manufacture here.
Unfortunately, we don't produce enough raw materials here in the US to make tarrifs feasible. You have to have market control and we don't.
Free trade makes us all wealthier - making everything that we consume more expensive is like hitting your own sell in the balls - it's self destruction.
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Commissioner [1250]
TigerPulse: 81%
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Re: We get price increases from our suppliers, we pass the cost on to our customers.
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Apr 6, 2025, 8:44 AM
[ in reply to We get price increases from our suppliers, we pass the cost on to our customers. ] |
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The US has been everyone’s piggyback for too long. We fund everybody’s wars, fund non-
Beneficial studies across the globe, and have been taken advantage of for too long on tariffs. I’m fine to see where the dust settles.
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Commissioner [1250]
TigerPulse: 81%
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Re: We get price increases from our suppliers, we pass the cost on to our customers.
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Apr 6, 2025, 8:49 AM
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*piggybank
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Tiger Spirit [9788]
TigerPulse: 100%
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We're not the world's piggybank anymore. We've alienated our allies and instead
Apr 6, 2025, 10:11 PM
[ in reply to Re: We get price increases from our suppliers, we pass the cost on to our customers. ] |
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of being a piggy bank, we're a pariah.
Where we could have supported democracy, now we won't. We'll leave it to the Chinese and the Russians to build influence.
Transactional policy is not how you maintain yourself as a world military and economic power. Developing and maintaining relationships is.
We were once the country that could brag about being reposnsible for supporting freedom, growing prosperity and wealth for the globe.
America is no longer looked at as the beacon of democracy and the supporter of freedom around the world. We've forfeited that to the Europeans and the Canadians.
Who'da thunk that we would be looking at Germany as the arsenal of democracy fighting fascism.
The American ideal that our dads fought the nazis, japanese and communists to promote, grow and maintain is on it's deathbed. This is definitely not the America that I believed in.
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Game Changer [1868]
TigerPulse: 84%
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Orange Blooded [2546]
TigerPulse: 99%
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Tiger Spirit [9788]
TigerPulse: 100%
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Starter [283]
TigerPulse: 92%
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Re: We get price increases from our suppliers, we pass the cost on to our customers.
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Apr 6, 2025, 10:12 AM
[ in reply to We get price increases from our suppliers, we pass the cost on to our customers. ] |
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I run supply chain for a large company and I will back this up… a lot of price increase letters from suppliers. We will push back and many contracts won’t allow them to charge us, however all will try and most will inflate the impact.
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Campus Hero [13549]
TigerPulse: 100%
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The scam is that someone is claiming that the exporting country shoulders
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Apr 6, 2025, 7:41 AM
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Most of the burden of tarrifs; that's false. A significant portion will be passed along to the consumer. This isn't just an opinion it's fact. I work for a company that saw billions in increased COGS last time and is projecting the same this time.
PS; people still buy DVDs?
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CU Guru [1536]
TigerPulse: 98%
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Re: The scam is that someone is claiming that the exporting country shoulders
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Apr 6, 2025, 9:11 AM
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I am not arguing that prices don't increase. Yes tariffs are passed to the consumer. However the specific line item charge for tariffs is a scam. Tariffs are not implemented at point of sale through a line item. Yes you pay more but the increase is already there and is paid upstream in the supply chain.
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All-TigerNet [5911]
TigerPulse: 100%
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Im not sure why you keep fighting this.
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Apr 6, 2025, 9:14 AM
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If the retailer did not increase the retail price, and just added this line, it’s not a scam. Geesh.
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CU Guru [1536]
TigerPulse: 98%
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Re: Im not sure why you keep fighting this.
Apr 6, 2025, 9:19 AM
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Zero retailers do this. Otherwise you are implementing different line item charges depending on where the item comes from. IT IS INCLUDED IN THE COGS.
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All-TigerNet [5911]
TigerPulse: 100%
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The fact that you dont think retailers cant set different line item charges
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Apr 6, 2025, 9:36 AM
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depending on where the item comes from tells me all I need to know about having any sort of rational discussion with you.
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Starter [283]
TigerPulse: 92%
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Re: Im not sure why you keep fighting this.
Apr 6, 2025, 10:29 AM
[ in reply to Re: Im not sure why you keep fighting this. ] |
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Costs are in COGS, the revenue side is not. Sounds like you just took a class and learned the term COGS
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Campus Hero [13549]
TigerPulse: 100%
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Campus Hero [13549]
TigerPulse: 100%
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I'm not sure why you're choosing this hill to die on
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Apr 6, 2025, 10:22 AM
[ in reply to Re: The scam is that someone is claiming that the exporting country shoulders ] |
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Retailers dynamically adjust their prices all of the time to account for changes in demand or costs; they just don't always tell you about it. For example many products are both commodity driven and inelastic so cost are a primary driver of price. Fuel, lumber, food are all examples. Tariffs aren't PO or first costs; they're absolutely added on to the cost and impact the retail prices.
I imagine the demand for vintage DVDs is pretty elastic so they can only charge what the customer is willing to pay; if the COGS increase enough that they can't set an acceptable price they'll just cease to offer the product. That being said if you have your eye on a disk you really want I'd buy it right away. I don't expect this kinda niche retailer to fare well in this environment.
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National Champion [7965]
TigerPulse: 100%
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Re: Line item "tariff charges" by businesses are a scam
Apr 6, 2025, 7:57 AM
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DVD? Where can you even find a dvd player?
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Game Day Hero [4544]
TigerPulse: 100%
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Re: Line item "tariff charges" by businesses are a scam
Apr 6, 2025, 8:24 AM
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I use my Xbox lol
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Playmaker [351]
TigerPulse: 100%
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Game Day Hero [4544]
TigerPulse: 100%
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Re: Line item "tariff charges" by businesses are a scam
Apr 6, 2025, 8:24 AM
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Didn't realize people still bought DVDs. Thought it was all digital. The question I have though is just how many new DVDs does this company have in house? How many were bought before the tariffs were put in place? I say all.
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Tiger Titan [50311]
TigerPulse: 76%
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Joined: 2003
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I would be more concerned that a DVD store in 2025 has much viability left.***
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Apr 6, 2025, 8:41 AM
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CU Guru [1536]
TigerPulse: 98%
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Re: I would be more concerned that a DVD store in 2025 has much viability left.***
Apr 6, 2025, 9:08 AM
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That is the name of the store. They sell Blue Ray and 4K mostly.
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Gridiron Giant [15150]
TigerPulse: 100%
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Posts: 15712
Joined: 2010
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Orange Blooded [2450]
TigerPulse: 99%
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Re: Line item "tariff charges" by businesses are a scam
Apr 6, 2025, 8:53 AM
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A DVD is not something I need. Again, it’s about needs over wants. Be selective. You get to choose, no one else. Being frugal can come in handy sometimes.
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Game Changer [1859]
TigerPulse: 83%
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Trump cultists are some of the most sad and hilarious bunch.
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Apr 6, 2025, 9:27 AM
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Tariffs are taxes on the consumer, period.
The middle and poor class get screwed while the rich get richer.
Trump’s plan all along.
You got suckered and will never own up to it.
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Clemson Icon [25472]
TigerPulse: 100%
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Re: Trump cultists are some of the most sad and hilarious bunch.
Apr 6, 2025, 11:25 AM
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Panic much 🤣
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Game Changer [1859]
TigerPulse: 83%
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Tell me you know nothing about tariffs and you voted for Ancient Orange.
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Apr 6, 2025, 9:25 AM
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Your total ignorance on tariffs and overwhelming confidence is a giveaway.
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CU Guru [1536]
TigerPulse: 98%
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Re: Line item "tariff charges" by businesses are a scam
Apr 6, 2025, 9:28 AM
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Everybody that has commented on the this has already been paying tariffs on something at some point in your life that is a fact, and yet you have never paid a "tariff charge".. Why?
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All-TigerNet [5911]
TigerPulse: 100%
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You already have this answer from another poster
Apr 6, 2025, 9:37 AM
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but you are choosing to ignore it.
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CU Guru [1536]
TigerPulse: 98%
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Re: You already have this answer from another poster
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Apr 6, 2025, 9:47 AM
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I thought you weren't talking to me anymore?
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National Champion [7673]
TigerPulse: 100%
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Re: Line item "tariff charges" by businesses are a scam
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Apr 6, 2025, 10:11 AM
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Love me some tariffs.
Go America go.
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Tiger Spirit [9788]
TigerPulse: 100%
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Go 401-K go....away. Dum b ###***
Apr 6, 2025, 10:30 PM
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CU Medallion [20612]
TigerPulse: 100%
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Posts: 14542
Joined: 2009
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Perhaps if you looked at it as an investment line towards making
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Apr 6, 2025, 11:21 AM
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America great again, a patriotic symbol of the sacrifice you are willing to make so we can all be rich later, you wouldn't be upset. It's a great idea and I hope all businesses do this. Every purchase of an imported product should evoke that sense of civic and American pride of sticking it to the freeloaders. It won't be long before those nickels today flow back to you as dollars tomorrow.
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Tiger Spirit [9788]
TigerPulse: 100%
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Drink the Orange koolaid, much?
Apr 6, 2025, 10:28 PM
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These people don't care about you.
Folks decried a Biden administration that they said was overbearing activist and taking away our rights, while destroying Social Security, the civil service, NIH and the entire system of management that the US uses to provide for the common defense and promote the general welfare.
This administration preaches sacrifice, but they aren't the ones sacrificing. We are.
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Replies: 50
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