11-26-2024 12:16 AM
11-26-2024 12:36 AM
Well I imagine if this goes through it will be the end of many Canadian sellers, don't how they can survive a 25% hit. Hopefully the Liberals play ball and give Trump what he wants.
11-26-2024 12:38 AM
@wilsonharborsales wrote:
The incoming U.S. administration has announced today that they will sign an executive order on January 20th that will add a 25% import fee on all goods entering the U.S. from Canada. Under the proposed law, there will be no exemptions for consumer goods.
Sounds like it will be 25% on everything from everywhere, not just Canada.
Hopefully eBay is working on something to allow the tariffs to be shown and collected at time of purchase. It will be a disaster if buyers in the States suddenly get hit with 25% at their doors. It's also not clear whether country of origin will matter, even if the products were made in the USA. It might end up effectively being a non-refundable sales tax since that might be the only way to handle it without breaking all the international free trade deals.
Definitely something to keep an eye on. It might be an idea to put stores on time away (or turn off international sales) for a week or so after he takes office until we see how things shake out and how what eBay does to support us.
11-26-2024 12:48 AM
@flipistics wrote:
@wilsonharborsales wrote:
The incoming U.S. administration has announced today that they will sign an executive order on January 20th that will add a 25% import fee on all goods entering the U.S. from Canada. Under the proposed law, there will be no exemptions for consumer goods.Sounds like it will be 25% on everything from everywhere, not just Canada.
Hopefully eBay is working on something to allow the tariffs to be shown and collected at time of purchase. It will be a disaster if buyers in the States suddenly get hit with 25% at their doors. It's also not clear whether country of origin will matter, even if the products were made in the USA. It might end up effectively being a non-refundable sales tax since that might be the only way to handle it without breaking all the international free trade deals.
Definitely something to keep an eye on. It might be an idea to put stores on time away (or turn off international sales) for a week or so after he takes office until we see how things shake out and how what eBay does to support us.
Pretty sure 25% is negotiating. Shoot for the moon scenario. The bigger question is who will be collecting? If it is at eBay's end Canadian sellers will be hooped when it comes to added fees.
11-26-2024 01:00 AM
@lotzofuniquegoodies wrote:Pretty sure 25% is negotiating. Shoot for the moon scenario. The bigger question is who will be collecting? If it is at eBay's end Canadian sellers will be hooped when it comes to added fees.
I wouldn't be so sure. He's talked about it for some time now and has been specifically mentioning executive orders on day one with regards to it. In business, Trump has a history of breaking things down first and then trying to make deals with desperate people after (which probably won't work with other countries). I wouldn't be at all surprised to see him enact it (hopefully I'm wrong).
As far as the collection of the fees go, there's nothing stopping eBay from not collecting them on that portion. I would imagine they would have to approach it that way, the same as the carveouts regarding international shipping and for the same reason.
11-26-2024 01:48 AM - edited 11-26-2024 02:06 AM
It will be ugly for Canadian sellers if Trump follows through on a 25% tariff. I somehow suspect that it is part of a plan to negotiate illegal immigration from both countries, but Trump is such a wild card, the next 4 years will be chaos. I never thought he would get reelected but since he has, button your seat belt.
"The tariff, Trump emphasized, will remain until Mexico and Canada take what he called their “absolute right and power” to stop the flow of illegal drugs and migrants.
“We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price,” Trump declared."
11-26-2024 07:36 AM
the 25% tarrriffs announced yesterday by Trump are new. They are punitive measures being taken against Mexico and Canada specifically because of all the immigrants and fentanyl flowing into the US from our two cuntries.
Until Canada and Mexico secure their borders against the flow of immigrants and drugs into the US the tarriffs will remain in place.
Ok, so......this is crazy. I rather thought fentanyl were coming INTO Canada from the US not the other way around. And most immigrants that are in Canada are quite happy to stay here, not sneak into the US. There are some exceptions of course but only in minute numbers. Seems like Trump has been listening to conspiracy theories again.
Anyway, the threat is quite real. Could be some bizarre Trump negotiating tactic, could be he's gone mad. Either way it will devastate Canada's economy to the tune of about 3% or more off the GDP. It will really hurt the US economy too. Car parts flow to the US from Canada. The tarriffs will drive up US auto prices by over 10% over night. And what abot the electricity supplied to US states from Canada? Is he going to let US consumer hydro bills jump 25%?
He seems to think those shipping goods to the US are going to pay the tarriffs by dropping prices. But for virtually all goods, a 25 percent drop would require taking a loss, which nobody is going to do. So either prices go up in the US or the goods don't get sent the US.....goods the US needs. If they didn't need them they wouldn't be importing them.
Trump claims to be a super sharp business man and stable genius. He certainly doesn't have much of a grasp on how trade works. Will saner heads prevail? Maybe, if there are any sane heads in the new Trump admin.
11-26-2024 09:13 AM
My concern is the flow of drugs & firearms into Canada. Yes, let's tighten it up really good!
11-26-2024 10:16 AM
The US deminimus is $800 USD. So anything UNDER $800 is good to go. So even if this unlikely tariff scenario were to happen, it wouldn't affect anything under $800 US value for regular American people buying from outside of the US.
Also, they don't have enough customs workers to enforce EVERY package to be evaluated and charged. Much like the Canadian customs people, and why it is entirely random whether we are charged taxes/duty for items over $20CAD. There simply are not enough workers to enforce.
11-26-2024 10:37 AM
Thanks for the info I assumed it would be for all goods imported from Canada I was unware of the $800 US daily exemption for US importers.
11-26-2024 10:57 AM
And don't forget, if US government charges buyers 25% and ebay collects it, ebay will add their 13.25% FVF on the amount of the tariff collected.
Or if US government charges sellers 25% and ebay collects it, ebay will add their 13.25% FVF on the amount of the tariff collected.
They already do charge the full FVF on all sales tax they collect from buyers as a service charge for the collection and remitance of tax.
A tariff of any amount will be a nightmare for ebay buyers and sellers not to mention ordinary citizens of all nations. Perhaps even bad for ebay!
11-26-2024 11:03 AM
Hello all, what will probably happen is what many Canadians ask of US sellers. We'll be asked by the buyer to put $10.00 or something like that on the declared value.
11-26-2024 11:07 AM - edited 11-26-2024 11:25 AM
This tariff "war" isn't just about Canada, other nations will have similar and one must remember the"source" and that this sort of "punishment" placed on countries will indeed come back to bite ...what goes around, comes around...and the USA will find its ownself affectly deeply by these tariff actions...
Think back to Trump's previous tariffs on lumber, steel, aluminum and how that increased costs for USA businesses and USA consumers...
11-26-2024 11:53 AM
If stupid wants to add 25% tariff, he can also remove that $800 provision. Nothing is official nor off-limit, so we can't tell what will really happen...
11-26-2024 12:16 PM
The main aim of these tariffs isn't at the little mom and pop shops or the average volume seller on eBay or any other selling site, the tariffs are aimed at big business, big companies, manufacturers and the like; so let's not cry "the sky is falling, the sky is falling" just yet....
11-26-2024 12:31 PM
even if this new tarriff doesn't effect we ebay sellers, the sky is most definitely falling, if it happens. It would devastate the Canadian economy. We'd be in a recession within a month or two and never get out of it, at least not for many moons after the tarriffs are lifted. There would be massive unemployment. Our economy is intimately intertwined with the US.
It will also do a lot of harm to the US economy, especially of some states. Remember how the trucker convoy blockade of the borders caused havoc among several US states and their Governors. Tarriffs will be the same.
So that is our best chance......the outcry from several of the US states makes Trump back off.
11-26-2024 01:01 PM - edited 11-26-2024 01:02 PM
I am of the belief that the USA economy would implode upon itself with this tariff concept and that will force the Trump Administration to re-think, backpeddle ...yes initially all countries will be in trouble but this tariff BS will not survive 4 yrs without consequence to the USA itself, nor will the USA survive 4 years of such nonsense without consequence.
This is a wait and see...what is said vs what happens...
One day at a time...
Que sera, sera!
11-26-2024 01:38 PM
11-26-2024 01:47 PM
@cottagewoman wrote:
Repealing de minimis takes an act of Congress.
I suspect that's where his comments on drugs and immigration come from. I think he's going to argue that the USA is at war and use executive powers to enact a lot of stuff. By the time the courts strike it all down, his 4 years will probably be up.
11-26-2024 01:59 PM
@mrdutch1001 wrote:I am of the belief that the USA economy would implode upon itself with this tariff concept and that will force the Trump Administration to re-think, backpeddle ...yes initially all countries will be in trouble but this tariff BS will not survive 4 yrs without consequence to the USA itself, nor will the USA survive 4 years of such nonsense without consequence.
This is a wait and see...what is said vs what happens...
One day at a time...
Que sera, sera!
It would be a major nightmare for companies like Wally World or your US anything for a buck store sourcing alternate suppliers. For dollar stores 45% is from N. America . Balance is from China, India & ummm Mexico? Consequences? Prices go through the roof.
Ya gotta love executive orders!!! History lesson attached.
History and use. With the exception of William Henry Harrison, all presidents since George Washington in 1789 have issued orders that in general terms can be described as executive orders. Initially, they took no set form and so they varied as to form and substance.
The following Presidential actions are revoked: Executive Order 13925 of May 28, 2020 (Preventing Online Censorship), Executive Order 13933 of June 26, 2020 (Protecting American Monuments, Memorials, and Statues and Combating Recent Criminal Violence), Executive Order 13934 of July 3, 2020 (Building and Rebuilding ...May 14, 2021