More from US tariffs: how Trump’s tax is hitting Big Tech and beyond
The company has been working to move manufacturing out of the country, as detailed by GeekWire. It recently paid $255,000 in tariffs on $167,000 worth of goods.
The New York Times walked through one business owner’s tariff bill, breaking out all the taxes that stack on top of each other. On April 27th when the shipment arrived in the US, the total cost of tariffs was $34,389. Today, the tariff rate would be $12,954 now that Trump has slashed rates. His frequent tariff changes mean everyone is in a constant state of uncertainty.
[nytimes.com]
Adafruit Industries, which sells electronics like Raspberry Pis, LEDs, Arduino kits, and more, says in a blog post published Thursday that it just got hit with its first big bill where Trump’s tariffs added duties; in this case, a 125 percent + 20 percent + 25 percent import markup.
This week, “leading pop culture lifestyle brand” Funko announced price adjustments for Funko, Loungefly, and Mondo products that will include bumping the MSRP of a standard Pop! figure from $12 to $14.99 in July. Its blog post says, “From rising tariffs to shipping to raw materials, the cost of creating our products has gone up significantly,” and “we’re opting to absorb a big part of the increase behind the scenes.”
Otherwise, it says buyers can anticipate better, more detailed figures, better boxes, and more micro-optic authentication stickers.
Beginning May 2nd, prices on vehicles such as the Mustang Mach-E EV could jump as much as $2,000, which Ford says will arrive in US dealer lots by late June. The news comes after Ford declared the Trump administration’s tariffs are adding about $2.5 billion of costs for the company in 2025.
DC Rainmaker noticed that Wahoo Fitness is adding a $50 surcharge to orders of its new $199.99 TRACKR Radar, but only if you live in the US where the de minimis exception has been repealed. The same order placed in Europe for the made in China device suffers no such “service charge” and shipping is free and twice as fast.
Drop-shipping packages straight from China to shoppers’ homes was kind of the whole point of retailers like Temu. In response to Donald Trump’s tariffs, Temu now tells Wired that it’s switching to a “local fulfillment model” where orders come from US warehouses. With the de minimis exception officially dead (at least for now), it’s no surprise that retailers are scrambling — especially sites like Temu, whose wide product offerings depended on the exception.
The budget smart home company posted its first tariff bill on X this afternoon, adding that it’s been working on moving manufacturing out of China for a year and will “probably be out in 60 days.”
The next post was a GIF of Robin Williams, indicating that the company, known for its affordable security cameras -- including floodlight cameras, is shifting production to Vietnam.
Rival LG said it first, now Samsung says it might relocate manufacturing of its Visual Display and Digital Appliance business units. ”[We] plan to minimize the impact of tariffs by ... relocating production of some volumes for VD and DA businesses, using our global manufacturing bases, if necessary,” said CFO Park Soon-cheol.
According to Nikkei, most of the TVs Samsung sells in the US are made in Mexico, though it also has a production unit in California. The company makes home appliances like refrigerators, washers, and driers in South Carolina and Mexico.
[asia.nikkei.com]
Commerce Secretary Howard Lutnick says he asked CEO Tim Cook about how to make US-built iPhones happen (despite Cook’s explanations for why they won’t), per an interview with CNBC:
LUTNICK: He said, “I need to have the robotic arms ... do it at a scale and at a precision that I can bring it here. And the day I see that available, it’s coming here, because I don’t like to employ all these people foreign.”
Said Donald Trump, speaking to reporters today about Jeff Bezos and Amazon’s response quickly disavowing any suggestion that it might tell customers how much Trump’s tariffs have increased the prices on their products. “Jeff Bezos is very nice... He solved the problem very quickly.”
It looks like we have our answer to Nilay’s question.
“We don’t like to raise prices, but we have to,” Logitech CFO Matteo Anversa said during an earnings call on Tuesday. “Some products, the price didn’t change. Others increased double-digit, and we have a bunch of products in the middle.”
Last week, users spotted price increases across the company’s products, like the MX Master 3S mouse and the Pro X TKL keyboard, both of which now cost $20 more.
