It is hard to understand tariff Because everything is Change day by day. The only constant seems to be the neck cut High 145 percentage of tariffs for China. While President Donald Trump possible Tax exemption for a few electronic devices Over the weekend, like smartphones, laptops and TVs (although Maybe not long), that does not apply to other utilities from China, even if there is a circuit board printed inside, like sex toys.
Sex toy manufacturer In general, groups are used according to adult products, or adults when it comes to import and export, which means that these companies have been forced to pay large taxes on their goods since April 9.
Alex Fine, CEO of LadyAs one of the first people to openly solve the impact On Instagram. So far, we have increased by 20 %, Fine Fine told Wired. She said that the company has worked to minimize the additional amount of customers pay, but must make an $ 5 tariff surcharges on all orders. A 54 percent increase in the cost of goods sold will make the dame in red last year, and at 125 percent, I will not do that math. That was before Trump increased tax to 145 percent.
Photo: No binding
Polly Rodriguez, CEO of the brand of sex toy is not bound, said vibrator That previously, the company's cost of $ 30 had a tariff cost of 44 dollars, bringing the total to $ 74. Tariffs are currently the biggest cost of the business, higher than the payroll or production.
Some companies are playing it great now. “In Le Wand And B-VibeWe are doing a measurement approach to the tariff situation, Alicia Sinclair, CEO of Cotrine, The parent company behind both brands. While our products are manufactured in China, which means that tariffs will certainly affect our cost structure, we have deliberately maintained enough inventory to give ourselves time to evaluate the situation properly.
The consensus from many companies I talked is that there is a lot of uncertainty in the air and the price has increased. Samantha Marshall, head of brand and marketing Smile peoplesaid the company had increased prices, because the tax rate was too high to be fully absorbed by retailers. Riblatex, the parent company distributes the icon Psychotropic chopstickTrading with retailers more than directly and Ken Herskovitz, CEO of the company, said they plan to absorb parts of the increasing wholesale costs.
If these tax rates are still there, that will not mean spending more money Sex toysBut it can be seen that your favorite sex toy company out of business. There are two things that will happen without questions, Rodriguez said. Small businesses will follow, because many of us cannot withstand such large costs. Businesses Maybe Heart will have no choice but to raise pricesThat we have seen.
Like Le Wand, Rodriguez said that Unbound had inventories in the warehouse, but tens of thousands of others were on their way to their warehouse in the US. She said that the company will do everything that can limit the impact on the price. Not being bound was built based on the belief that sexual health care products should be accessible to everyone, and we always determine that it is under $ 100. Our goal is still our goal to maintain that threshold.
Both Fine and Rodriguez pointed out that the tax rate will affect the most difficult small businesses, because they do not have the resources of large technology corporations to be exempted, even if they are temporarily. From the place I am sitting, it will become more difficult for businesses founded by women, because many of them are beautiful and related to health, according to Mr. Fine Fine.