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David Wong
Bloomberg Television
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Comments by "David Wong" (@davidwong5197) on "Shein, Temu Retailers Feel Pain From Trump Tariffs" video.
Some goods are up 30%. A lot of vendors have closed up shop. Temu is not cheap to begin with when compared to Amazon. The main obstacle is US also required seller to provide tax ID of the buyers. That is a no go. For me the problem is some of the stuff you can't get from US like quality tea.
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@Bubba-z4s Nope. It is the regulation. They now have to go through a custom broker. If the customer does not paid the broker will have to. There is also a requirement seller have to provide buyer's tax ID. On top of that there is NO competition for some products. The question is can Amazon get an exemption or they will be hit as well
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Have you bought from Temu? Their stuff ain't cheap. Maybe for clothing they are. I tried to buy a solder pot. It is cheaper locally. But I did bought somer ceramic tweezer and they are quite good. I think there is quality stuff there you just need to find it. My opinion is they are a Chinese version of Amazon. I got some junks from Amazon too, And yes they were made in China
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Nope you don't get it. EBAY AND Amazon are impacted as well.
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@caps900 True, And majority of ALL the stuff in stores are made in China
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@MNguyen12345 That is true.
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Yup but they misunderstood the rule. Higher prices higher tariff. Many had pulled stuff off. I think they will set up a tax system like state tax to cover this. The problem is Trump is so incompetent there is no clear rule.
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@dirkvanderven8452 One man's garbage is another man's treasure. You just get the same thing in Walmart for higher price. That's inflation.
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@xiphoid2011 Custom don't even know how to collect tax, LOL It cost too much to collect 10 or 20 dollars. And where do you pay? The custom office?
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You like to pay more?
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