Right, but those $11 products have not been sold yet b/c companies were trying to import as much as possible to avoid tariffs.
I've seen this in coffee - roasters buying a year's worth of packaging.
I've seen this in coffee - roasters buying a year's worth of packaging.
If a company 10x their imports to get ahead, we’d count the 100 worth of buying, and then subtract 100 because that was all imports. You still get zero effect on gdp from the import itself. Which is correct.
The point of the subtraction is to make imports zero impact, zero impact when big, zero impact when small.