@PrinzOPrinciple@LeadingReport Also bear in mind tariff is only one component of the cost. There are storage, transportation, marketing, packaging, rent and other costs too associated with selling price. Retailers usually work on minimum 60% margins
@PrinzOPrinciple@LeadingReport Say if a product costs $2.20 with normal 10% tariff and $2.40 with increased tariff. If it sells for $10,will start selling for $10.20.
@PrinzOPrinciple@LeadingReport Paying extra 25% in tariffs versus 200% times the cost of producing in America. I have worked in supply change management area for years. Producing in- house is never workable in US/ UK due to high set up costs+ high wages.
Every stock is overtraded in America, #Palantir gapping now. Prime reasons-defence cuts and CEO selling 1 billion worth of shares. How far will this ride, will be interesting to watch today