Specifics of only putting tariffs on 1kg bars and not other sizes seems utterly pointless. The article itself points out that people will just ship different sized bars to the US instead and re-cast them on arrival.
It doesn't actually say what the new tariff rate will be, so the decision on whether to procure different sized bars / cast before shipping, and whether to recast in the US or just store / sell different sized bars in the US will ultimately just be a decision on whether all of that is cheaper than the new tariff. My guess is that at any significant volume, it'll be cheaper to recast.
Terr_ · 14m ago
> Specifics of only putting tariffs on 1kg bars and not other sizes seems utterly pointless.
So in other words, it matches the other damaging and/or stupid import taxes the federal government is imposing on Americans right now? :P
Perhaps the ulterior motive is to damage consumer gold markets in order to promote somebody's cryptocurrency?
metalman · 5m ago
ok, I will try and be gentle, but it's going to be hard for you to understand that logic, and reason and most other cognitive processes are liabilitys now,in figuring out how the government is operating, so keeping it simple, tariff=universal whacking stick , switzerland=very nice but bad, little whack to get attention to universal whacking stick
*hint: most other government policy now rhymes with whack
It doesn't actually say what the new tariff rate will be, so the decision on whether to procure different sized bars / cast before shipping, and whether to recast in the US or just store / sell different sized bars in the US will ultimately just be a decision on whether all of that is cheaper than the new tariff. My guess is that at any significant volume, it'll be cheaper to recast.
So in other words, it matches the other damaging and/or stupid import taxes the federal government is imposing on Americans right now? :P
Perhaps the ulterior motive is to damage consumer gold markets in order to promote somebody's cryptocurrency?