As much as Bloomberg used to be a great business resource, it seems a bit bias now and the paywall is super annoying. However I’d still consider it a legitimate source.

I can say from my supply chain experience, which I can’t really disclose, other than to say it’s substantial in my world, I directly negotiate purchases from Asia (various regions) of between $25 million to $75 million per year.

If those statements are in conflict with my various NDAs then it was a typo.

Moving on, since the tariffs have hit, the deals I’ve negotiated have had substantial pre tariff discounts. For example, a widget that used to cost me $219k before tariff now costs me $159k plus tariff.

My takeaway is yes, consumers are going to pay more as the post tariff price is higher than the pre tariff price. BUT the suppliers are taking haircuts, and they are getting more aggressive with eachother. The Chinese government doesn’t want to directly say they are going to further subsidize production costs in China due to American tariffs, but some of this is happening and may accelerate as demand further drops. Just my humble opinion.