Adafruit’s managing director Phillip Torrone is also long-time Slashdot reader ptorrone.
He stopped by Thursday to share what happened after a large portion of a recent import was subjected to a 125% +20% +25% import markup…
We’re no stranger to tariff bills, although they have definitely ramped up over the last two months. However, this is our first “big bill”… Unlike other taxes like sales tax where we collect on behalf of the state and then submit it back at the end of the month — or income taxes, where we only pay if we are profitable — tariff taxes are paid before we sell any of the products. And they’re due within a week of receipt, which has a big impact on cash flow.
In this particular case, we’re buying from a vendor, not a factory, so we can’t second-source the items. (And these particular products we couldn’t manufacture ourselves
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