If you don’t mind a direct question are your previously quoted price increases worst case scenario if tariffs stay at current levels or is there still some runway if tariffs are lessened in the coming weeks?
So my hope is that we get back to the 20% tariff with the 8% duty. If we can get back there then prices should stay the same. Possibly go up a tiny bit. If they hit the 54% tariff plus 8% duty then prices will have to increase a chunk. Not a massive amount, but a chunk. If the 145% tariff plus the 8% duty stick then the doomsday pricing goes into effect. Those prices are not showing a cost balance with what I have in stock. The prices would be a bit lower with cost averaging. However as my inventory goes down the cost average price gets closer to the prices I listed earlier. Currently we have a shipment on the way that I will have to stick in an FTZ since my broker tells me I can't put it in a bonded warehouse. The bonded warehouse would have been way more cost effective, but if it can't go there it can't go there. Of course I still have to pay for the product in full to the manufacturer before it is shipped, so that money is gone. Then I have to pay shipping, that money is gone. Now I will have to pay monthly rent per pallet as well as a percentage of the value of the inventory plus a set up fee.