Wow, interesting to see after GN’s tariffs video.
That’s not really how it works, which is made apparent in the video. Without going into details, IF they decided to pay for all of the product to let the buyers decide and it turns out the buyers are not interested they may not be able to recoup that cost and go out of business.
So rather than try to anticipate demand, they just cut themselves out of an entire market.
Edit: why the downvotes? This is just literally what they’ve done.
Better to cut out a insane Republican market than go out of business.
Also they anticipate zero demand at these stupid Republican tariffs, hence why they’re cutting the dumbass US market out.
There’s surely nonzero demand. I’m not saying it’s the wrong move.
Also, not everyone in the US is a moron/fascist.
what do you believe the anticipation for a 130$ case will be if the same case costs 300$.
if I were them, id virtually assume the demand is 0. basically no one is paying 300 for that kind of case.
and even IF someone paid 300$ for the case, their end profit for said case would be 5$…
The decision is entirely about anticipating demand, it’s about the uncertainty and craptastic approach the administration is taking with them. Making changes, sometimes multiple times daily, means companies can’t plan.
Tariffs traditionally are planned and communicated, with months or even years long timeframes for companies to plan around. Tariffs being added, removed, exclusions and inclusions changing daily means no one can plan. So the only planning they can do is to just stop. The Trump administration doesn’t know what the fuck they’re doing and will destroy the economy in the process while insisting they are doing a great job.
Hyte is not reliant on the US market, many of their competitors however are US based and reliant on the US market for their sales. They can easily be put out of business by these tariffs in the short term, further putting US businesses behind competitors.
