On BBC news today, one of the headlines was "U.S. Government shut down". Might that effect the execution of tariff collection and if so, what will happen to imported goods such as items purchased from non U.S. sellers?
Just a thought
pentaxuser
The invoice suggests a reason / purpose of export as COMMERCIAL PURPOSE OR SALE, which is not the case, as I do not intend to resell the lens nor rent it etc
I would assume the shipping company would still collect the tariff and pay the agency when it reopens. There have been 8 US gov't shutdowns since I've been alive, and I know they've had some effects, but none that I ever noticed first-hand.
Two threads combined - with some trepidation!
The US Supreme Court yesterday heard oral arguments at to the right of a president to impose tariffs. They were very skeptical that he had that power because a tariff is a tax on Americans and only Congress can legislate new taxes. So all these extra costs might go by the board soon if they rule against tariffs. Certain tariffs against 1 or 2 countries used as part of the president's control of foreign policy may be acceptable, but generalized tariffs such as the minimum under $800 that is applied to everyone wouldn't fall into that category. So this latter kind of tariff could be unconstitutional.
I’m wondering if some overseas sellers may be lowering their “buy it now” prices
In my case, although I knew I would be responsible for tariffs, I did not know how much they would be until I received a bill from UPS about 2 weeks after the item arrived.
It's certainly something that could lead to lower list prices from Japan. Since we're generally talking about items that exist in both countries. Likewise, it could lead to a raise of prices for the items that are already in the US. The ratio of the supply that's in either country compared to the demand from either country will be a part of the price discovery.
Since the yen is weak, it may not be such a bad deal for the Japanese seller even if they lower their USD price.
DHL gave a more immediate bill than UPS in my experience as well. Though the bill was also higher as a percentage of the transaction.
Why would/should Japanese dealers lower prices? They don't pay the VAT for Euro customers or GST for Canadian customers. Why should they absorb the tariffs set by the U.S. govt....?
They may find that it helps them sell items faster and increases their profits. Theoretically there's an optimal price to set to maximize profit. The percentage of the market that exists in each place matters with regards to that. I don't know how the used photography gear market compares USA vs. Europe, but USA's market is definitely bigger than Canada's.
My comments were just about the economics of it all, I'm not bringing any moral judgements into it.
Are you sure about that? The US is the largest economy in the world. It's the 3rd most populous country in the world.
You could suggest China as another contender, being the 2nd largest economy, largest population, and close in proximity to Japan, but the low income there is a big mitigating factor.
The US is certainly in the top few countries buying cameras from Japan, if not the highest. I'd be very surprised if it wasn't #1 and would be happy to be corrected with data.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?