This thought process is going kill small businesses that cannot absorb tariffs. If Walmart sell an item that I also sell in my shop and Walmart keeps the item the same price it was before the tariffs, but I have to raise my price, where do you think people are going to buy?
Let us use Pokemon cards as an example. Packs are about $4.49. Typical keystone markup dictates we are paying ~$2.25 per pack (I wish I was paying that little for pokemon). But now there is a tariff of 50% and the manufacturer wants to pass that cost along to the consumer, so I am now paying $3.37 a pack, so if I want to keystone I need to sell at $6.75, while Walmart absorbs the cost and sells at $4.49. That does not look like too much.
But what about a $150 board game? I am now selling it at $225 and Walmart still has it at $150, I look like the greedy bastard trying to milk my customers.
This thought process is going kill small businesses that cannot absorb tariffs. If Walmart sell an item that I also sell in my shop and Walmart keeps the item the same price it was before the tariffs, but I have to raise my price, where do you think people are going to buy?
Let us use Pokemon cards as an example. Packs are about $4.49. Typical keystone markup dictates we are paying ~$2.25 per pack (I wish I was paying that little for pokemon). But now there is a tariff of 50% and the manufacturer wants to pass that cost along to the consumer, so I am now paying $3.37 a pack, so if I want to keystone I need to sell at $6.75, while Walmart absorbs the cost and sells at $4.49. That does not look like too much.
But what about a $150 board game? I am now selling it at $225 and Walmart still has it at $150, I look like the greedy bastard trying to milk my customers.