Comment by avidiax
Is this in-part payola to FedEx?
Seems they (and UPS) will be winners in this.
Is this in-part payola to FedEx?
Seems they (and UPS) will be winners in this.
Biggest robbery of the century, privatizing duty tax collection... what a racket to be in.
The relevant quote from the article:
>The company suggested that shippers use carriers with services in place that allow them to pay duties before goods arrive in the US, such as United Parcel Service Inc. and FedEx Corp.
Is there anything about those two companies, aside from the fact that they're not foreign or US public institutions having their remaining metaphorical windows smashed, that make you think this is payola?
To lie about the numbers and pretend everything is fine?
I sincerely hope a financial group out there knows these numbers or can compute them because we’re in uncharted territory here. Never has the United States been under assault from within like this. Without those numbers, no one would invest (wisely), and without influx, we can’t produce goods.
Christmas is going to suck so badly this year.
Canada Post and others are already building out a system to collect the duties (from senders...). Something operated by a company called "Zonos". Looks like they've locked in the Universal Postal Union & governments will become dependent on a private entity for all of their customs needs. I'm sure they'll keep their prices low. https://www.upu.int/en/news/consultative-committee/activitie...
To be determined what Canada Post's charges will be in addition to the tariffs. If Canadian items inflate in price by 35% from the first $1, that's going to cook a lot of sellers/sales.
(Note: if it's sold on a marketplace like eBay, the US state/local/county/blah sales taxes are already being charged).
I plan on jacking up my "shipping" costs to USA to make it revenue neutral. But it's a bit of a pain if you sell items with different countries of origin and tariffs changing by the bathroom trip.
Do the prices of consumer-imported items get captured in inflation numbers?