Eegore wrote on Today at 09:34:56:I work for an international company and many of our overseas suppliers were subject to tariffs. Some made the point of telling us they were not passing on the cost, they’d cover it, some did pass on a part of the cost, some passed on all the cost but as of this point, we did not pass along any costs to a customer in the form of a price increase. And by the way, eating the cost was often times accomplished with a price decrease to make up for the fact the exporter paid the tariff and passed that cost onto us. Don’t think a foreign manufacturing company and exporter they used are separate. They may be technically separate, but they operate together in situations like this often.
I go back to the question which I’ve asked many times, and which I’ve heard others ask, there was a big push to increase minimum wage, which is a cost, but there was no concern about if this would be passed on to the consumer. The consensus was the companies would just eat that cost and not pass that cost along to the consumer. In fact, it was expected of them.
Why is it not expected companies should eat the tariff?
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