@jack

Damage to American small (and medium) businesses. Not the megacorps.

The dude with the mall kiosk selling phone cases and chargers? He's getting reamed by this, and will likely go out of business, because he brings all his stock in from China in small shipments that have always fallen under the de minimis exemption (which is now toast). He can't compete with having to pay five times as much for shipping and tariffs all of a sudden.

The independent phone-and-laptop repair place? He and his 3 techs are probably twiddling their thumbs a lot soon. Most of the parts they buy to fix your broken screen or charge port come in just like the mall kiosk dude's. A replacement screen that used to cost him $30 plus $5 shipping now suddenly costs $30 plus $15 tariffs plus $20 shipping-and-tariff-collection-and-remittance-and-brokerage-clearance charges. He'll have to double what he charges to replace that screen in your Samsung.

Amazon? Walmart? Best Buy? All the other corporate behemoths? They're not importing in dribs and drabs by post. It won't affect them much at all, except they'll probably increase prices a bit to cover the extra paperwork to clear their shipments at the border, plus a lot more to cover the tariffs.

(Yes, you already knew this. I just wanted to say it.)

#tariff #business #ProBusiness #SmallBusiness #LittleGuy #screwed #shafted #MegaCorp #SMEs #import #duty

Lilly Sewage Company? – Blue Ribbon Team

🗣️ Keir Starmer says don’t worry, investors! This budget is all about growth and boosting business! Let’s get that economy poppin’! 📈🔥 #ProBusiness #EconomicGrowth https://buff.ly/4fijkT4
Rachel Reeves confirms she is changing debt definition in fiscal rules - UK politics live

Chancellor confirms new debt definition, saying it will ‘make space for increased investment’ as Tories claim interest rates will stay ‘higher for longer’

the Guardian
Income-Allianz deal: MPs raise concerns abt #government blocking #foreigninvestment
"“How can we ensure tt our #regulatory environment remains predictable & welcoming for foreign invts?” asked MP Yip HonWeng (PAP-YCK). He noted tt #Singapore has a strong reputat'n as a #probusiness country.. MP Liang EngHwa (PAP-BP) called on government to reaffirm its policy of being open to foreign invts.. NMP U Chandradas raised concerns abt enactment of #legislation contemporaneously"
https://www.channelnewsasia.com/singapore/income-allianz-parliament-mp-concerns-business-hub-4682736
Income-Allianz deal: MPs raise concerns about government blocking foreign investment deals, impact on reputation

Second Minister for Finance Chee Hong Tat said Singapore remains committed to being an “open, rules-based and pro-enterprise business hub”.

CNA

#France, le #medef à la barre - Le Courrier

https://lecourrier.ch/2024/08/28/france-le-medef-a-la-barre/

> «  Tu as été un #artisan déterminé et déterminant des #politiques #probusiness. » Lundi, Patrick Martin, le président du Mouvement des #entreprises de France (Medef) […], a eu des mots doux pour Bruno #Le_Maire, ministre de l’Economie – #démissionnaire – du #gouvernement Macron. Dans la foulée, l’entrepreneur a fustigé le programme du #Nouveau_Front_Populaire (NFP) et deux de ses #mesures phares – la hausse du #Smic

France, le medef à la barre - Le Courrier

« Tu as été un artisan déterminé et déterminant des politiques probusiness.» Lundi, Patrick Martin, le président du Mouvement des entreprises de France (Medef), principale association patronale du pays, a eu des mots doux pour Bruno Le Maire, ministre de l’Economie – démissionnaire – du gouvernement Macron. Dans la foulée, l’entrepreneur a fustigé le programme du Nouveau Front populaire (NFP) et deux de ses mesures phares – la hausse du Smic

Le Courrier