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Comment Re:Trump lost the game of chicken (Score 1) 312

what do you think happens when an importer can't (or refuses to) cover a tariff at the port? the goods aren't released to the importer, certainly. the goods are held by customs and either returned or, if the exporter won't take them back, auctioned off (or maybe destroyed, depending). the importer maybe gets fined and their business sure as shit suffers cause the exporter won't work with them anymore, but yeah it definitely happens. didn't used to happen much, certainly, but jacking tariff rates up to 150% or so percent out of nowhere makes this shit much more common than it used to be.

like, if i'm a bike manufacturer and i got a 3 million dollar shipment of my bikes coming over and while the boat is in transit i find out trump just jacked tariffs up on my bikes 150%, where the fuck am i gonna find 4.5 million extra dollars to pay the duty 2 days from now when it shows up?

Comment Re:Trump lost the game of chicken (Score 3, Interesting) 312

what chinese company is gonna send a boat full of stuff to an american importer when tariffs can pop back up any time the ship is in transit? do people think importers are gonna be willing to sign some deal that says they'll pay the duties when the ship arrives in port no matter what they end up being?

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