Break down of what small business owners are facing.
#tariffs #EconSky
#tariffs #EconSky
Reposted from
derek guy
Andrew Chen, co-founder of one of my favorite denim brands, 3sixteen, breaks down how the tariffs affect his company
IG 3sixteen
IG 3sixteen
Comments
I’ve been in supply chain and ops for over 25 years which included a lot of importing components and final assembly in the US
This is a nightmare scenario for any company and especially for small companies.Entire operating margin has been destroyed by the tariffs and most companies will fold
Maybe it's just me.
The scam was obvious long before the election, there's no logical understanding of those voters; they were living in some kind of a twisted fantasy, & still ARE.
Those are the people getting ready to shoot the rest of us if they decide it's Civil War Time, Remember?
Companies in other countries will find customers in tariff free/lower countries and make trade deals. Other countries economies could stabilize and the US will just be left in poverty with the Felon and his MAGAt morons.
Him the power into that bill they passed.
1/3
2/3
3/3
General rule of thumb you make 80% of your profits off of 20% of your sales.
Hope that helps
Otherwise you're just making shit up.
Reality #2) There is an ongoing coup in this country to empower racists, bigots, Christian Nationalists ➡️ economics and tariffs are a smoke screen to distract everyone.
Oh, and fuck Trump.
The POTUS does not inherit the Authority to impose TARIFFs.
That Authority resides in The SENATE.
The current SENATE REPUBLICANS AUTHORISED TRUMP to impose TARIFFS.
That means the Current Senate Republicans are responsible for current economic crisis. THEY GAVE HIM THE WEAPON !!
See https://www.amazon.com/Rejoin-EU-Mr-Peter-Cook/dp/B0DSHBXLL1
#RejoinEU #Brexit
https://amzn.eu/d/8mz9lkf
Customized merchant van to take my product on the road to trade shows.
Canceled
6 trade shows at $4 k apiece.
Canceled
Still having the new display made
Years of treading water
Breaking even instead of getting ahead.
Till your old and fucked and can't afford your property taxes after a life of hard work.
Prototypes that were shipped USPS at around 300 usd are now 600 usd.
Oh yeah..looks like around 54% tarriff at this point
Their fucked too.
What's your point??
About 40% of my parts are imports.
No choice , no one makes them here and I can't make them
Tarriffs are causing my freight forwarder to hold off shipping quotes till someone figures out that the hell they are with the corresponding custom cat. numbers
There might be one mill in the US (maybe):
https://leftfieldnyc.com/collections/vidalia-mills-usa-denim
https://news.gallup.com/poll/284396/small-business-owners-highly-engaged-2020-election.aspx
The regime is just destroying our economy for no benefit to the 99%
#tariffs #EconSky
Good luck. Trump and Musk is a blight.
Trump’s tariffs are going to hit workers hard for the next decade.
https://www.thestreet.com/retirement-daily/retirement-research/2008-financial-crisis-continues-to-impact-the-lower-middle-class
Took 10 fucking years to get even without factoring in inflation.
It would be nice if they'd have the shame and remorse normal people would have.
It is the smaller businesses & farmers who will be harmed
We care not a bit what happens to them. In fact we want the assets they will no longer be able to keep, like farmland & homes
(Owner of small businesses since 1987)
CPAs are expensive. Seems there should be something to help small businesses with taxes.
It’s like running in a circle trying to catch your tail.
Big corporations spend billions on lobbying lawmakers. In the US, they also spend millions on funding elections because you decided that companies have free speech lmao.
Small businesses don't, because they can't.
Your elected reps very rarely write an independent piece of legislation anymore. It's ALL done by the special interest it covers.
That's what money buys. Governing w/o being elected.
https://www.commoncause.org/issues/alec/
We are so overdue for term limits and money out of politics.
However, small businesses can’t afford to pay because they need to use their money to help the business.
Catch 22.
Even those who didn't want the clown/circus still seemed weirdly attenuated to that hype level & she just innately isn't a huckster.
I can’t believe we failed her. 😔
Closest they have is usually the Chamber of Commerce (which most don’t join); but the national level of that org has been gobbling Trump’s fetid knob for a while.
I don’t know who will help now. Sigh.
This is insane to me. We know small businesses are the backbone of our cities, towns and counties. Why are we not doing everything to help them grow?
I was referring to things like excise taxes, B&O taxes, payroll taxes, etc. All these taxes do positive things for the community but it’s frustrating because they add up to a pretty big chunk of revenues, and billionaires and giant corporations don’t pay their share.
In my city TIFs are given, 10 years no taxes. Small businesses don’t get them.