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?
>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?
Ding ding ding! From here on out it's all fake. I expect some private firms that are able to collect somewhat accurate economic data to make a killing, given the government is about to go full China and just lie about the numbers.
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.
Ugh, I know. My sister works for the California government and I warned her in 2019, just follow the money - he’s been in debt to them ever since the Moscow Tower never materialized. He has long had ties to Russian mob.
Seems they (and UPS) will be winners in this.