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 Replies: 86 / Views: 5,257 |
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Pillar of the Community
United States
901 Posts |
The best way to find out what happens is to sell a very low value coin to someone abroad. And see what happens with tariffs.
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Moderator
 United States
162274 Posts |
Quote:
It will increase demand for domestic products, and in turn increase employment and put upwards pressure on wages. And increase the prices of domestic products faster than wages. We have been here before. Most who lived it are dead now and they did a really bad job teaching us how to know better.  When goods and services freely cross borders, armies will not. That is where this is going. 
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Pillar of the Community
Canada
5153 Posts |
@jbuck ,
Amen brother .
Back on topic ,our USA shipments passed
across the border no problem today Feb3/25.
According to our trans border shipper (operating
under Section 321)the US border guard said they
have had zero executive orders as to any changes .
Here is hoping .
Edited by Pacificoin
02/03/2025 1:43 pm
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Moderator
United States
162274 Posts |
Thank you for the update. Shipments crossing the border may never be a problem. The recipient pays the tariff. Not sure what happens if it is not paid. My guess? No official on this side would ever foot the bill (time and effort) to return to sender, so I expect all this stuff will sit and rot until time comes for a government auction. So, could you get an (attempted) charge back for "non-delivery" when the recipient declines to pay the tax?  Good luck, everyone. |
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Pillar of the Community
 United States
4521 Posts |
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We have been here before. // When goods and services freely cross borders, armies will not. That is where this is going.  A few years ago, I watched a documentary about our last war with Canada. What happened to Kenny was so heartbreaking. But I think Canada learned a valuable lesson about what movies it could export to the U.S. market. As to the economics question, I have a few thoughts. Smoot-Hawley was in 1930, right after the massive economic crash of 1929. The U.S. was still on the gold standard. We were also just an ordinary country in terms of GDP output, certainly nothing like the British Empire or the other European powers. Today, the U.S. is the single biggest economic market in the world. About 25% of the world market, iirc. We have a fiat currency, so the relative value of the dollar can move freely against other world currencies. The United States is not presently in any form of economic crisis (unless you count being in debt up to your eyeballs). Finally, the tariffs are being used as an instrument of foreign policy pressure, not a protectionist economic tool. We have the upper hand economically, and it is frankly laughable to imagine that Canada or Mexico is going to attack us over tariffs. Most Americans don't even know that tariffs exist, or that we have disputes with Canada and Mexico. We will have a tempest in a teacup for another few days. By the weekend, even the Americans who know about the tariffs will have forgotten about them. I'm certainly not going to panic and start hoarding Corona and ice skates to trade on the black market.
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Pillar of the Community
United States
5477 Posts |
Tariffs put on hold for a month for Mexico and Canada.
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Pillar of the Community
United States
1791 Posts |
Crisis averted, the Loonie is safe.
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Pillar of the Community
United States
5477 Posts |
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Pillar of the Community
Canada
5153 Posts |
I am trying to think of the last fully USA made product
that I bought?...
Wait for it ..umm Today a bunch of Morgans at my
Buddy's UK Coin Shop.
Edited by Pacificoin
02/03/2025 7:40 pm
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Pillar of the Community
Canada
5294 Posts |
Although the tarrifs are paused for 30 days, the buyer will pay the 25% in higher pass through pricing or in the case of coins if bought at major auction houses since most only ship by UPS or Fedex you will have a CBSA form for the products code and it's tarrif if any but if there is a blanket 25% you will be charged another 25%, with auction fees, exchange and if the tarrif comes in, that is 100% of winning bid!
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Pillar of the Community
United States
4521 Posts |
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Pillar of the Community
United States
5477 Posts |
Quote:
Although the tarrifs are paused for 30 days, the buyer will pay the 25% in higher pass through pricing or in the case of coins if bought at major auction houses since most only ship by UPS or Fedex you will have a CBSA form for the products code and it's tarrif if any but if there is a blanket 25% you will be charged another 25%, with auction fees, exchange and if the tarrif comes in, that is 100% of winning bid! You sure you know what you're talking about? Cause I sure don't. A CBSA declaration is a form or process that allows travelers to declare their goods and immigration information to the Canada Border Services Agency (CBSA) Who needs the Canada Border Services Agency Declaration Card Instructions? International travelers entering Canada need to declare their goods. Canadian residents returning from abroad require this form for customs. Visitors bringing presents or gifts into Canada must fill this form out.
Edited by Marve65
02/03/2025 8:41 pm
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Pillar of the Community
Canada
5294 Posts |
I can assure you if you get any package from UPS or Fedex and it from a US seller, when the package enters Canada you will be contacted by the courier if you want them to clear customs or use your own broker, that is where the tarrific codes comes into effect along with GST or HST owed.
Edited by john100
02/03/2025 9:49 pm
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Pillar of the Community
United States
5477 Posts |
Quote:
I can assure you if you get any package from UPS or Fedex and it from a US seller, when the package enters Canada you will be contacted by the courier if you want them to clear customs or use your own broker, that is where the tarrific codes comes into effect along with GST or HST owed. That's the way it has been - has nothing to do with newly added tarriffs when and IF they will ever be applied. So stop trying to get everybody riled up over nothing. Fed Ex: "All shipments that are imported into Canada are subject to duties and taxes assessment by the Canada Border Services Agency (CBSA). The duty rate varies depending on the type of product and the country where it was manufactured. The amount of duties and taxes for an item primarily depends on the item's value in Canadian dollars and the purpose for the shipment such as a gift. In addition to the duty, tax may also apply (e.g., GST, PST, QST, and HST)."
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Pillar of the Community
Canada
5294 Posts |
Only reason this topic is created is on Saturday a blanket tarrific of 25% was applied to all Canadian imports and immediately Canada and Mexico did the same, that is the situation untill things got paused. For any Canadians buying coins or currency under Saturdays rule would have incurred an extra 25% if from US sellers
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Replies: 86 / Views: 5,257 |
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Posted 02/03/2025 11:26 am
