I frequently import used goods from other countries and this has already impacted me. For packages valued below $800, the tariffs I’m expected to pay are between $80 and $200 per package (10-25%).
Now, it’s true that virtually the entire rest of the world levies a VAT on imported goods and that the rates are generally somewhere between the 10-25% we’re now charging on small goods. But those countries also have socialized health care and worker protections, so—what am I as a US citizen getting for the extra tax?
Once I pay import duties on this last overseas package waiting for me, I probably won’t import much if anything. I won’t replace that with domestic consumption (not possible for the types of goods), so all it means is I save some money from less consumption and there’s less economic activity overall.
See?!! The Conservatives are “Conserving” the world’s resources by doing this, as people are going to purchase less and less. The irony.
Small businesses, maga Americans and Americans in general are going to feel this hard with this outright elimination, even if I do think the exemption was kind of bullshit as of late,
Welcome to even more tariff hurt America.
Us poors need to get paying down the national debt so the billionaires can leverage us into oblivion yet again!
Never mind that this won’t even make a ripple. Estimated yearly from all this is $1.35B, which is 3% of 1% of 1% of the national debt.
There are thousands of small US businesses that ship stuff overseas from hot sauces to artisanal handmade goods. They will all be fucked by this.
Most of America will be unimpacted by this
