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deadeyedick
Herf-A-Holic Topic Starter

a year ago

Application to Premium Cigars

Under the new tariff framework, premium cigars imported from key manufacturing countries will be subject to the following rates:

Premium cigars imported from the Dominican Republic and Honduras will be subject to a 10% tariff.

Premium cigars imported from Nicaragua, will be subject to a higher 18% tariff under the “discounted reciprocal tariff” system.

Cigar Rights of America is carefully reviewing the scope and details of today’s policy shift to understand its potential impact on the premium cigar industry, including supply chains, pricing, and retail operations. As the federal government moves forward with implementation, we will continue to monitor developments closely and engage with relevant agencies. We are committed to keeping stakeholders informed and will provide timely updates as additional information and guidance become available.

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Mr. Jones
Herf-A-Holic

a year ago

"Make AmeriCa Great Again"...
&
" Make AmeriCa Affordable Again"

Was the biggest CON JOB I EVER WITNESSED IN MY LIFETIME...

EVVVVAAAAH!!

WHAT A JOKE...

Vote me in and prices will go down...
Biden caused all the inflation and pricing increases...

Now I'm gonna DOUBLE DOWN ON PRICE GOUGING AND YOULL PAY EVEN MORE FOR EVERYTHING ...

UNBELIEVABLE

JUST

UNBELIEVABLE

MACS
Herf-A-Holic

a year ago

You ain't real bright, are ya Jonesie?

72 days. Egg prices down. Gas prices down. Might take a little longer to undo some epic failures, ya know?

tonygraz
Herf-A-Holic

a year ago

I think he's bright enough to spot a con job that some keep buying.

8trackdisco
Herf-A-Holic

a year ago

deadeyedick wrote:

Wrong Forum, Newb. Cigars and Related or Politics.

Damn, I have to deal with all thses Sunbird clogging up traffic up here in February now this? 🤦

o:)

Edited by user a year ago | Reason: Not specified

rfenst
Herf-A-Holic

a year ago

Application to Premium Cigars
In 2023, the Cigar Association of America estimated that 467.6 million cigars were imported into the USA, with Nicaragua, the Dominican Republic, and Honduras being the primary sources.

deadeyedick wrote:

10-18% tax = $46 $84 million in new federal tax revenue- IFF people keep buying cigars as they regularly do. Not going to happen.

This is terrible for Florida where numerous cigar manufacturers import into Miami with $0 tobacco tax.

Trump has bigger things than our cigars to go after for now.

Edited by user a year ago | Reason: Not specified

deadeyedick
Herf-A-Holic Topic Starter

a year ago

I'm pretty sure that the majority of people with stock investments and 401(k) that they were relying for their future are not real happy that the price of fu*king eggs are coming down about now.

ZRX1200
Herf-A-Holic

a year ago

[quote=deadeyedick]Application to Premium Cigars
In 2023, the Cigar Association of America estimated that 467.6 million cigars were imported into the USA, with Nicaragua, the Dominican Republic, and Honduras being the primary sources.

rfenst wrote:

Taxes are patriotic!

And whuuut about muh roads?!!!

HockeyDad
Herf-A-Holic

a year ago

Smoking is bad for you. Quit now.

Brewha
Herf-A-Holic

a year ago

#10

Taxes are patriotic!

ZRX1200 wrote:

So that's why Trump does not pay taxes...

MACS
Herf-A-Holic

a year ago

#11

I'm pretty sure that the majority of people with stock investments and 401(k) that they were relying for their future are not real happy that the price of fu*king eggs are coming down about now.

deadeyedick wrote:

My money is in there, too... haven't lost a thing if you leave it alone. I have learned that the market doesn't care much if the president is D or R... it traditionally returns somewhere between 7-11% over the long haul.

Folks who are retired, or close to retirement, and relying on that 401 for income should not be heavily invested in the market. Or at least have a portfolio that can handle some volatility.

A drop of 1300 points puckers my bunghole, too... but let's not panic yet.

I recall the parable of talents in Matthew 25:14-30.

MACS
Herf-A-Holic

a year ago

#12

So that's why Trump does not pay taxes...

Brewha wrote:

Didn't see that debate with Hillary, did you? 😂

Mr. Jones
Herf-A-Holic

a year ago

#13

Gas prices just went up .35 centsa gal. in one day this week...
Egg prices are down...

1ssand1
Rookie

a year ago

#14

Remember your posts, my friend. 4 years from now you'll be eating them. Boo hoo!

MACS
Herf-A-Holic

a year ago

#15

Thomas Sowell doesn't like it... for the long haul. For short term results, maybe... but he's not a fan of a global trade war.

Reknowned economist, so I take what he says with a little more than a grain of salt. Hopefully Trump is using them to make a point and get to a desired result. We'll see.

ChicagoanCigars
Rookie

a year ago

#16

Taxes are patriotic!

And whuuut about muh roads?!!!

ZRX1200 wrote:

I live in Illinois where they collect hundreds of thousands of dollars a day if not in millions in tollways So if he even tries to say that the tariffs are going to help build better roads, he can stuff a sock in it. I’m not super concerned about 10 to 18% tax on Cigars. It’s a warm weather now here in Chicago and most of my cigars will be bought from cigarbid.com At a fraction of the price you would play at a club/lounge

RobertHively
Herf-A-Holic

a year ago

#17

Steve Saka's recent FB post:

"FYI - DTT implemented a Tariff increase on June 4th.

It was done on a SKU by SKU basis at the actual cost adder of the 10% tariff on the import of handmade cigars from Nicaragua.

The tariff is based on the FOB prices reflected on the import invoices - because DTT pays for much of its own tobacco, packaging, etc. the true cost of the tariff is not 10% to DTT, so we did not raise our wholesale prices by this amount - our increase is the actual added cost to DTT with no additional margin.

The overall increase across the portfolio is 3.82%, but some cigars it is more and others it is less. About 60 days from now, the 10% tariff 90 day probation window will end and unless something changes between now and then, the tariff will increase to 19%.

If this happens, we will implement another tariff increase accordingly. If the tariff goes away, it will be quite a sticky wicket as DTT and our Purveyors will have inventory we both paid for at the tariffed amount.

So I am uncertain how we will roll it back, my current thinking is we may just let it ride and reduce the annual inflation cost increase in the 2026 price schedule. But, if and when this situation (which is what I am hoping for) arises, I will make the decision at that time."

deadeyedick
Herf-A-Holic Topic Starter

a year ago

#18

Iffn the tariffs hold it is just going to make the off shore sites more attractive. Some are already selling a large portfolio of domestics.

ZRX1200
Herf-A-Holic

a year ago

#19

ChicagoanCigars wrote:

You’re a handsome philly, how do you feel about about camping?

rfenst
Herf-A-Holic

a year ago

#20

Iffn the tariffs hold it is just going to make the off shore sites more attractive. Some are already selling a large portfolio of domestics.

deadeyedick wrote:

But, will they discount their prices to equalize the amount of the tariff, effectively wiping it out for consumers?

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