Tariff Charges

apnews.com/article/trump-tariffs-terry-c...fb40b58ad374bd580d1f

The Supreme Court is hearing two cases about the president's authority to levy tariffs at his discretion next week.  Trump has enacted some "emergency powers law" to impose the tariff's, but clearly, there is no emergency here.  

Commonly, after hearing a case, it takes some further time, and discussion behind closed doors, before  some sort of "opinion" is written.  Hopefully, that won't take too long because one way or another, it will be nice to settle all the uncertainty.  

Ah but there is. BTW the 100% tariff on China has been lifted after a meeting yesterday. Japan has pledged on a major agreement here as well. 

Average tariff drop on China exports to 47%, lower than previous Trump threats but still higher than 2024. Trump sets new China tariff rate after 'amazing' Xi meeting | CBC News

The Japan tariff rate is still 15%
I recently ordered CB750 coils and condensers from Yamiya in Japan for a friend who desperately needed them.
I received an email and paid $119 tariff + 14.50 service charge
The $119 included the 15% tariff + $48.49 for the copper aluminum steel tariff.
The Japan tariff has hurt me, I would order more parts, now I can only order in desperate situations.
Don't want anything from china, no loss there.


 

73z1 wrote:

Average tariff drop on China exports to 47%, lower than previous Trump threats but still higher than 2024. Trump sets new China tariff rate after 'amazing' Xi meeting | CBC News

The Japan tariff rate is still 15%
I recently ordered CB750 coils and condensers from Yamiya in Japan for a friend who desperately needed them.
I received an email and paid $119 tariff + 14.50 service charge
The $119 included the 15% tariff + $48.49 for the copper aluminum steel tariff.
The Japan tariff has hurt me, I would order more parts, now I can only order in desperate situations.
Don't want anything from china, no loss there.



 

This is a perfect example of how tariffs affect consumers, not producers.

As mentioned earlier, every country regulates trades, via mechanisms such as tariffs and customs fees.  What's unprecedented here, is the president taking leadership of the process, and changing the rules at his discretion.  In the US, Congress owns the responsibility for regulating trade, not the president.  

Trump has enacted provisions within the IEEPA Act and Trade Act of 1974, claiming he has the authority.  That's what the court will review this coming week.  A lower court has already ruled that he does not have the authority, but they stopped short of stopping him, pending higher court review.

The International Emergency Economic Powers Act (IEEPA) was created in 1977 to give the president specific authority to regulate international economic activity during a national emergency, replacing the broader powers of the earlier  Trading with the Enemy Act (TWEA) . It was a response to congressional concerns that the TWEA was being used in peacetime for purposes it was not designed for, leading Congress to pass the  National Emergencies Act  (NEA) and IEEPA to place limits on presidential emergency powers. This allows the president to, for example, freeze assets or block transactions with foreign entities in a crisis, while also establishing reporting requirements to increase transparency. 

In order to use the IEEPA, a NATIONAL EMERGENCY must be declared. 

The Trade Act of 1974 provides more broad presidential authority to negotiate trade agreements.  Said agreements are to be enacted by congress, though..  This is what the court will decide; whether Trump is working within his authority.

 

This is a perfect example of how tariffs affect consumers, not producers.

Hurts producers too.
Last CB750 restoration I spent $7000 in parts, $5000 of that went to Yamiya, now I have to stop, hurts me, hurts them.
Others like me in usa in same situation.
I can only guess about Yamiya business, my guess 40% Japan, 40% usa, 20% rest of world.
I had hope Japan tariff would go down with visit last week, no cigar, hope is a dangerous thing!

Hope is A Dangerous Thing

 

All of this uncertainty has shaken consumer confidence and that hurts businesses. I stopped ordering anything on Ebay unless it ships within my country. I pretty much stop ordering anything online and only shop locally now. I also go out of my way to buy products made or packaged in country to support our economy.

The bike I was going to restore will have to wait a few more years.

Please try and keep to the impact of tariffs on the members and not "the politics behind it", we are venturing into familiar territory and will result in the thread being locked

Wookie58 wrote:

Please try and keep to the impact of tariffs on the members and not "the politics behind it", we are venturing into familiar territory and will result in the thread being locked

IMO you can't have one without the other. 

SWest wrote:

Wookie58 wrote:

Please try and keep to the impact of tariffs on the members and not "the politics behind it", we are venturing into familiar territory and will result in the thread being locked

IMO you can't have one without the other. 

Everyone has done pretty well up to now, experience tells us that once we start digging into the politics it will do down hill fast !!!

Wookie58 wrote:

SWest wrote:

Wookie58 wrote:

Please try and keep to the impact of tariffs on the members and not "the politics behind it", we are venturing into familiar territory and will result in the thread being locked

IMO you can't have one without the other. 

Everyone has done pretty well up to now, experience tells us that once we start digging into the politics it will do down hill fast !!!

I've learned the only way to get to the truth is by looking at both sides of a story. 

SWest wrote:

Wookie58 wrote:

SWest wrote:

Wookie58 wrote:

Please try and keep to the impact of tariffs on the members and not "the politics behind it", we are venturing into familiar territory and will result in the thread being locked

IMO you can't have one without the other. 

Everyone has done pretty well up to now, experience tells us that once we start digging into the politics it will do down hill fast !!!

I've learned the only way to get to the truth is by looking at both sides of a story. 

Indeed, but let's not forget this is a motorcycle forum, there are other places to discuss whether the earth is round or flat. I guess the bottom line is you guys have caught up with the rest of us who having been paying these charges for years. The rational (or lack of it) behind the why's is not what was being discussed. This started as a "hey guys, has anybody imported any parts since the changes came in ?"