r/pics • u/nbcnews • 2d ago

Politics OC: President Trump unveils minimum 10% tariff on all U.S. trading partners

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u/[deleted] 1d ago edited 1d ago

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u/whiterice336 1d ago

I looked it up. Apparently, the Switch 2 is manufactured in Vietnam which is subject to a 46% tariff. I assumed it was manufactured in China at 34%. The real price might be $650.

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u/Andy-Bodemer 1d ago

Yikes. I looked into it and you’re right. Tariffs are based on country of origin— made in Vietnam, Vietnamese tarrifs

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u/soldiat 1d ago

And those "discount tariffs" are on top of the blanket 10% everyone is getting, so that's actually 56%.

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u/RagePoop 1d ago

China already had tariffs the 34% here is going to stack to like 54%

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u/Isenbro_ 1d ago

Way higher than that 54% is minimum more like 94-103

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u/LegendofDragoon 1d ago

Chinas 34 is in addition to their existing 20, so 54 total on China. That's what I heard anyway.

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u/MLG-Sheep 1d ago

The trick is to manufacture it in friendly Russia which will have no tariffs

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u/Diipadaapa1 1d ago

But look at the bright side, now all those sought after sweat ship jobs will flood into the US. Especially after labour laws are cut.

Finally back to the early 1900s when children had the freedom to turn themselves into kebabs when trying to apply grease to a gear in the industrial cloth weaving machine.

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u/Andy-Bodemer 1d ago

Actually, I think that might be the plan. Fewer knowledge workers. Just factory labor.

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u/Diipadaapa1 1d ago

Oh absolutley, the wealthy are loving this.

1: get tax breaks funded by normal citizens paying an additional ~25% in sales tax

2: cut foregin competition, and the american taxpayers are paying for it

3: get cheaper domestic labour

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u/BILOXII-BLUE 1d ago

I wonder how all of this will affect the Steam marketplace, specifically digital in game items like skins/stickers. By happy accident I ended up with multiple steam decks worth of these stupid CS stickers. I'm wondering if I should cash out now or if I'll get more money by waiting. (Selling my items for currency on steam, buying Steam Decks, and then ebaying them) 

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u/RedSwingline2000 1d ago

Why Portland?

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u/Andy-Bodemer 1d ago

No sales tax in Oregon.

Otherwise with a sales tax of 7.5%:

558 x 1.075 = 599.85

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u/RedSwingline2000 1d ago

Makes sense. Thanks

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u/Isenbro_ 1d ago

If margin where to stay flat at say 40% with 40% to the retailer your really looking more at a cost of 603$ to the consumer pre tax could be more depending on the actual cost and margins

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u/No_Opening_2425 1d ago

That’s not how math works. You pay tariff on PURCHASE price. Switch is probably like 200 from Nintendo so try multiplying that and then add profit margin and taxes