Comment on Nintendo ‘warned to expect 145% tariff on Nintendo Switch 2’
mostNONheinous@lemmy.world 3 weeks ago145% of 450 is 652, you add those together and it’s essentially 1100$. And that’s before tax at the register in the US.
Comment on Nintendo ‘warned to expect 145% tariff on Nintendo Switch 2’
mostNONheinous@lemmy.world 3 weeks ago145% of 450 is 652, you add those together and it’s essentially 1100$. And that’s before tax at the register in the US.
NarrativeBear@lemmy.world 3 weeks ago
Its insane that a tax is also charged on top of the already applied tariff.
Paradachshund@lemmy.today 3 weeks ago
Don’t forget to tip the self checkout.
echodot@feddit.uk 3 weeks ago
Technically it isn’t.
The company has a price for the product, importers import the product at that price (sometimes the importer will also be the manufacturer, but that doesn’t actually make a difference as far as the calculation is concerned), then some official shows up and demands an import tariff, the important pays the tariff.
The shelf price is calculated as the total cost to the importer + a profit margin + sales tax. The tariff just gets lumped into the cost for the importer. Sales tax doesn’t make a distinction about how the price is arrived at.
NarrativeBear@lemmy.world 3 weeks ago
Yes, technically correct and I am not disputing your points.
But, we all know the cost of the tariff the local importer will need to pay the local government will be passed on to local consumers.
My distinction and argument is if the government said “we will increase taxes on all products at your local grocery store by 145℅” people would flip. But when the wording become we will tariff “other countries” people forget who actually pays that tariff.