this post was submitted on 22 May 2025
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[–] mannycalavera@feddit.uk 2 points 1 week ago (4 children)

Alongside her speech, she also provided written testimony showing that, over the course of 2025, the tariffs would result in the cost per pedal increasing from 2 cents on April 27 to $12.80 on December 28th – a 640% increase.

Trumps tarrifs are dumb as fuck but 2 cents to make a pedal? LOL wut? Is that a typo? How is it possible to make a pedal for 2 cents?

[–] phant@lemmy.world 2 points 6 days ago (2 children)

Nah, I think what they're saying is that; at April 27 tarrifs added 2c to the cost of their pedals, but that will increase 640% to $12.80 later this year. It's worded weirdly and took me a while to get (if I do understand correctly), but i don't think it's a typo.

[–] phant@lemmy.world 4 points 6 days ago* (last edited 6 days ago) (1 children)

To expand. Let's say a pedals raw BOM* cost is $30.
Plus old tarrifs = $30.02.
Plus new tarrifs = $42.80.

(*Bill of materials)

[–] mannycalavera@feddit.uk 2 points 6 days ago

Oh right 👍. Yeah that makes a lot more sense.

For a second I thought they were making obscene profits from 2 cent child labour pedals. No no, this makes way more sense 😁.

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