@izzythepush,
izzythepush wrote:
Linkat wrote:
this particular item is not an imported item - it is made in the US.
That doesn't necessarily mean it's unaffected by the tariffs. Some of the components/raw materials may have been imported.
Prices can't be fixed according to what it costs to buy the product wholesale, due to tariffs or other costs.
Let's say you have two different brands of fruit, one imported that costs $1/pound and another not imported that costs $3/pound. If you sell a lot of the $1/pound fruit and you raise the price because of tariffs or whatever, then you might sell less of it and lose money.
If, on the other hand, you raise the $3/pound fruit to $3.50 or $4, you might sell just as much of it to the people who buy it. So it might make more business sense to cover the cost of the tariffs by raising the prices of non-imported products, simply because it is easier for you to recover your costs that way, instead of losing sales on cheaper imports.