How much will a pair of Nikes cost with 47% tax and sales tax ?

[Beachnutt]

Buy your Nikes in Canada they have great prices.

[bucolic_frolic]

1. $69 shoes for $117.99

You are now a philanthropist

[MichMan]

2. Considering they are made in sweatshops by workers making $1 per hour, they have plenty of profit margin left

Tariffs are based on the declared value of the goods, not retail selling cost

[bucolic_frolic]

3. Value Added Tax would be far more accurate and an easier sell

[MichMan]

4. Doesn't change the fact that the $69 shoes cost less than $5 to make

Last edited Thu Apr 3, 2025, 07:45 AM - Edit history (2)

A 47% tariff means they cost Nike $6.90 a pair.

Still gives them a 1000% profit margin. I think they can still get by

[Beachnutt]

5. What's the final cost to the consumer

in the United States ?

[SamuelTheThird]

7. lol

You think Nike is going to eat the tariffs and not raise prices?

[MichMan]

8. I guess if 1000% profit margin isn't enough, they can gouge customers even more

They can charge whatever they like regardless of tariffs. Greed has no bounds

[Tickle]

6. I can't afford Nikes now

Oy