Comment by jleyank
Comment by jleyank 17 hours ago
For at least the near term, parcels won't be shipped into the US. Once things stabilize, they'll figure out who'll pay the tariffs stemming from suspending de minimus. But it's going to affect small companies outside the US and the cost of goods entering from outside.
That's the intent, but it's going to result in some lean months or years until the payola is delivered or the factories are (re)built. And it's not going to be a fun time for Walmart.
The US imported $3.3 Trillion in 2024 and had goods value add of $4.9 Trillion of which $2.1 Trillion were exports.
Given generally speaking imports and exports tend to be distinct products we would need to add 118% goods production to not need to import.
The US isn't capable of doing that in even a decade.
And it is going to impact everything because unlike most tariffs which exclude manufacturing goods this set hits everything so you cannot competitively produce things unless the entire production chain from raw materials is in the US.