I think we are still in the interim before the bulk of any tariffed goods will hit the US markets. There was a glut of imports trying to get ahead, then a lull in incoming shipments that hasn’t hit US ports.
General anxiety has probably encouraged sellers to eat as much cost increase as they can for now. But the reality of either higher costs of just indefinite uncertainty will force their hands evendually.
And today the whole deck has been re-shuffled all over again.
Tariffs are based on HS Codes: from what I have seen, and it depends on how a Yoyo manufacturer ships it with the appropriate HS Code, there is currently no tariffs percent place on yo-yos between China and the US (to the best of my knowledge) it falls under “puzzles of all kinds; parts and accessories thereof”
The current “145%” tariffs applies to major industries sectors textiles, automotive, and material metals (buying raw metals)
Disclaimer: it changes all of the time, but I have not been slapped with a tariff on my production yet
Court of International Trade struck down all tariffs not currently protected by Section 232 (Auto, Steel and Aluminum) as an executive overreach. Can anyone clarify whether machined aluminum like yoyos fall under the 232 provision or if it specifically governs ‘raw material’ imports? If yoyos are exempt, it could mean a brief window of reprieve for yoyo makers
When I stated the HS codes link, it was currently a case by code by code based, then it went to a 30% across the board (currently being challenged). When I got my shipment in it was hit with the 30% hammer.