Any plans for fighting tariffs?

[meme6253]

These tariffs are going to impact all of us either directly or indirectly, I am curious if any sellers have a plan for fighting this problem outside of just surrendering & lowering your prices to ridiculous levels just to make a sale., It's going to be a tough road ahead, No Doubt!

[richard1rst]

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@luckythewinner wrote:

For example. Honda has announced they are building a massive manufacturing plant in Indiana instead of Mexico - that way they don’t have to deal with import tariffs. And of course that will create U S jobs - fulfilling one of Trump’s campaign promises to bring manufacturing and jobs back to the US.

Is Honda building a massive new plant, or just using the existing Greensburg plant where they already build other Civics? 

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The original report I saw made it look like they were building a new plant. But even in they use an existing plant it still amounts to new US manufacturing jobs which, as I mentioned, fulfills one of Trump's goals of bringing jobs an manufacturing back to the US which in turn eliminates the tariffs they would have had to pay is they had followed their original plan to build in Mexico.

[my-cottage-books-and-antiques]

@meme6253 I'm not sure how lowering my prices to ridiculous levels would effectively "fight" tariffs. My "plan"---such as it is---is to continue doing what I've been planning, but I will also keep an open mind to see if I can spot any new opportunities in this situation. 

I would recommend looking for opportunities instead of "fighting" by lowering prices.

Remember, fortunes were made even during the Great Depression, so, if you are worried about the economy, try to think in terms of opportunities, rather than "Oh, woe is me...." 

[stuff4divas]

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@meme6253 wrote:

These tariffs are going to impact all of us either directly or indirectly, I am curious if any sellers have a plan for fighting this problem outside of just surrendering & lowering your prices to ridiculous levels just to make a sale., It's going to be a tough road ahead, No Doubt!

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@meme6253  if anything, some of us, can 'raise' or at least 'keep' our prices as is if the items we sell will cost more to replace due to the tariffs or if they are no longer available.

for now, mine will remain the same and a few will be raised if and when the tariffs are well established on who they affect.

[12345jamesstamps]

It might get rid of these drop-shipping and 3rd party sellers....

And one of kind and older items will become more popular.

Wait a minute...that sounds like the 'old eBay' when it first started...

Those who make a living here might have a harder time...but that's not how eBay began and shouldn't continue...sorry full-time sellers but no offense.

[tarotfindsandmore]

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@12345jamesstamps wrote:

Those who make a living here might have a harder time...but that's not how eBay began and shouldn't continue...sorry full-time sellers but no offense.

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Not offended, but why would you think this?  I started as a full time reseller in 1997 and did quite well with it until I had my youngest son in 2004 and decided to go back to school to finally finish my degrees.  I made even more money then than I do now, and I make more money as a full time reseller now than I ever did as a librarian, paralegal, or USPS carrier.

[selsa84]

Spent a lotta time thinking what I can do to keep this from affecting me and my business. I've come up with a few things. No 1 , fish more, no 2 work less and fish even more and. No. 3 yep you guessed it fish more. Even with all the talks of tariffs the fish have been hitting hard down in Texas. 

 

[richard1rst]

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@12345jamesstamps wrote:

It might get rid of these drop-shipping and 3rd party sellers....

And one of kind and older items will become more popular.

Wait a minute...that sounds like the 'old eBay' when it first started...

Those who make a living here might have a harder time...but that's not how eBay began and shouldn't continue...sorry full-time sellers but no offense.

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An overly broad statement. I am a full time seller making a living here. Several years ago when the whole anti-China thing began I stopped buying Chinese goods - just too many "where are these made" or "Are these made in China" questions. Writing on the wall and all that. So I began to concentrate on U S made goods. Yes I do still have some in stock which I can sell at pre-tariff prices making them more attractive than post-tariff prices. But as they sell out I am replacing them with U S made.

Essentially I do not see ANY tariffs affecting me at all and I will continue to make a living.

Adapt or die.

[12345jamesstamps]

There are those sellers who buy and re-sell "new' items...a lot of sellers buy from Temu to do this.

Shoppers in the USA will be looking for bargains and I am talking about 'new items' only.

If you find bargains on old items in the USA to re-sell that's is what eBay was suppose to be about.

It was never about buying paper towels and re-selling them on eBay...as an example...to make a profit...like drop-shipping and 3rd party sellers.

[12345jamesstamps]

Are you selling something just bought from like a Target or Walmart to re-sell to make a profit?

I am not talking about items out there already but new items where sellers try to re-sell.

'New' items just issued or everyday items will be hard to re-sell since buyers will be looking for bargains.

And I mention drop-shipping and 3rd party sellers...

I am not talking about full-time sellers who re-sell items which they get from maybe a yard sale or such.

It's more like of these sellers who think they can make a profit off of something that is still on sale in a store.

There are a lot of sellers who sell full-time here to make a living and do very well and will still do very well.

But there are those who might not unless they change their business plan.

[tarotfindsandmore]

I primarily sell new items, but I hear what you're saying.  From what I can gather, you're referring to sellers who are trying to compete with big box stores for everyday items. You're probably right about that contingent, unless of course they stock pile items while they're still cheap and then list them when the store prices start to climb.  Obviously, that's not a great long term strategy but I'm betting there will be some quick, sharp young pups who will capitalize on the opportunity.

[meme6253]

If they indeed build new plants, They will be automated plants, Which in reality will bring very few new jobs, & these plants take time to build, they don't construct themselves overnight.

[cardxcraft]

Well stated. 

I've been saying the same thing: these tariffs are meant to increase reshoring, stop offshoring and foreign corps. from using cheap labor and selling to USA.  Trump has secured $6 trillion usd in actual, planned and pledged investments in USA manufacturing.

People are wondering why Trump used a formula to demonstrate tariff rates as a function of trade deficit with both well known and obscure nations and territories.  The deficits mean next to nothing when the goal is to force reshoring and prevent foreign corporations from using, Vietnam for example, to manufacture low cost goods and sell these products to USA.  We're not worried about having a trade deficit with Vietnam or what their calculated tariff rate is, but large corporations using Vietnam as a labor source. 

Trump is not a politician, he's a businessman.  He's had some failures but the man built a worldwide Brand (Trump) is a two time POTUS, survivor of attempted assasination attemp/plots, endured disgusting lawfare that no other human has had to endure and has come out on top.  If there ever existed a trial by fire test to prove your worth to lead a nation, the man aced the test.  I stand by our POTUS.  So far, he's achieving the goals set for our country.

1. Hyundai: $25 billion usd expanding EV plants and steel plant with 14,000 new jobs between the 3 facilities.

2. Nvidia: $200-$300 billion usd, with $500 billion over the next 4 years with 20,000-25,000 new jobs.

3 Apple: $500 billion, 20,000 new jobs

4. Saudi Arabia and UAE: $600 billion over the next 4 years

5. Too many to list

[meme6253]

Did I say woe is me, I'm pretty sure i did not say that, Please refrain from reading into or putting words in my mouth!

[meme6253]

I am also going to pretty much remain the same & see where it goes.

[richard1rst]

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@12345jamesstamps wrote:

Are you selling something just bought from like a Target or Walmart to re-sell to make a profit?

I am not talking about items out there already but new items where sellers try to re-sell.

'New' items just issued or everyday items will be hard to re-sell since buyers will be looking for bargains.

And I mention drop-shipping and 3rd party sellers...

I am not talking about full-time sellers who re-sell items which they get from maybe a yard sale or such.

It's more like of these sellers who think they can make a profit off of something that is still on sale in a store.

There are a lot of sellers who sell full-time here to make a living and do very well and will still do very well.

But there are those who might not unless they change their business plan.

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I have an actual business model. I buy new items from wholesalers and sometimes manufacturers themselves. No I don't buy or drop ship from Walmart nor do I do garage or estate sales. I am (and have been for over 20 years) an online version of the B&M store that I was for about 40 years before that.

California taxes and cost of living caused me far more problems than the tariffs could possibly do.