Trump has swiftly u-turned on tariffs on Chinese made IPhones that would have seen a massive US price hike, tariffs on MAGA merchandise which is made in China remain. Sky reports that the cost will more than double. However US sellers already have such a huge mark up and MAGA supporters will pay whatever price is charged it may end up making no difference.
A truly beautiful contradiction
Sky Report
While many Chinese businesses are reeling from the trade war, Qi, the Maga merchandise maker, brushed off any suggestion his might suffer.
Trump supporters, he said, were willing to pay any price for items bearing the image of their beloved president — and US suppliers were making such a huge profit on them that they could afford to partially absorb the tariff impact.
A Trump baseball cap for instance, cost only Rmb7.50 ($1) to produce. Tariffs might raise that cost to Rmb20, but the caps were being sold for $50 in the US.
“American sellers could even use the tariffs as an excuse to raise the price to $60 — yet the extra cost will still be borne by the US consumers,” Qi said.
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