It's 30 percent higher than last year, plus additional tariffs on certain things. We've (temporarily? tune in two months!) backed away from the 150% or whatever number but that increase is still hanging over everything. And doing tariff rate and schedule policy by whim is a terrible idea independent of whether you agree with tariffs as a policy. I'm mixed on them honestly, which doesn't sell myself to any group it seems. But I think they exist as a semiuseful tool that can be hard to gauge and should be used carefully.
The stacking 50% tariffs on aluminum and steel(deal with this one less, it might be lower?), plus adding new harmonized codes to the tariffed list is a pain in the dick. Visiting friends this weekend we were talking about how they could undercut my sales by being in Canada and having substantially lower cost of goods..
It seems like it's less about the actual percentages at this point and more about ongoing uncertainty paralyzing businesses. You can't do any long term planning in this climate, and that puts everything on pause across a wide spectrum of industries, which is objectively bad for the economy.
