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.
I wanted to revisit this topic since we have had enough time to see the effect of tariffs on yo-yo prices. From what I can see, a $100 yo-yo is now $125. A $120 yo-yo is now $150. These are significant price increases. Anyone else have a take on this? Are these increased prices causing you to buy less? I know that as I see that all yo-yo’s are now more expensive, I am discouraged because contrary to political spin; I know these tariffs are being paid for by me and I do not like it one bit.
Am I correct in assuming that these tariffs are calculated based on wholesale prices when it comes to US retailers importing yo-yos, but applied to the retail price when someone orders directly from an overseas retailer?
Seeing as de minimums was canceled tariffs to US apply to all foreign shipping into the US regardless of direct or retailer however many companies are shipping through a third and sometimes fourth country doing “assembly” to bypass the largest tariff hits. This helps large companies shipping from China or other high tariff areas that want compete on price and large retailers and distributors absorbing those overseas costs in the US able to utilize these alternate shipping methods however small retailers and brands are unable to do these things and are just eating the costs and passing them on. Some brands like lbd or rcs even stopped operating this year because of the extra cost and margins no longer making sense
For me, the larger issue is that it seems like the availability of interesting (to me) yo-yos has diminished. E.g. the limited number of TP and YYR yo-yos that were made available from US retailers seems to have dried up completely. Where I would have previously ordered direct, the tariffs are a turn-off (or overseas retailers simply aren’t taking US orders).
OTOH, the price for CLYW bi-metals hasn’t really budged since the 2023 Klondike (at the latest). . .
Right. But I am assuming that there is a difference between tariffs on wholesale prices paid by retailers (before they pass them to me) and tariffs on retail prices that I would be charged if I import directly(?)
In any of the industries where I have been privy to wholesale pricing on retail goods, that would be a difference of 50+%.
The other important thing to note I think is that in the last 5 years the USD inflation rate has gone up 25% so a $100 in 2020 is roughly $125 today. That might be finally catching up to the yoyo market. That said, it is still one of the more cost effective and enjoyable hobbies there is.