The company was already dealing with pretty thin profit margins before the tariffs, which—at 145%—make doing business in the US far too expensive at the moment.
The decision is entirely about anticipating demand, it’s about the uncertainty and craptastic approach the administration is taking with them. Making changes, sometimes multiple times daily, means companies can’t plan.
Tariffs traditionally are planned and communicated, with months or even years long timeframes for companies to plan around. Tariffs being added, removed, exclusions and inclusions changing daily means no one can plan. So the only planning they can do is to just stop. The Trump administration doesn’t know what the fuck they’re doing and will destroy the economy in the process while insisting they are doing a great job.
Hyte is not reliant on the US market, many of their competitors however are US based and reliant on the US market for their sales. They can easily be put out of business by these tariffs in the short term, further putting US businesses behind competitors.
So rather than try to anticipate demand, they just cut themselves out of an entire market.
Edit: why the downvotes? This is just literally what they’ve done.
Better to cut out a insane Republican market than go out of business.
Also they anticipate zero demand at these stupid Republican tariffs, hence why they’re cutting the dumbass US market out.
There’s surely nonzero demand. I’m not saying it’s the wrong move.
Also, not everyone in the US is a moron/fascist.
Dude, you need to watch this and move on from this thread.
https://youtu.be/1W_mSOS1Qts?t=23m14s
If it still doesn’t make sense, welp, I can’t ELI5 any more than this.
The decision is entirely about anticipating demand, it’s about the uncertainty and craptastic approach the administration is taking with them. Making changes, sometimes multiple times daily, means companies can’t plan.
Tariffs traditionally are planned and communicated, with months or even years long timeframes for companies to plan around. Tariffs being added, removed, exclusions and inclusions changing daily means no one can plan. So the only planning they can do is to just stop. The Trump administration doesn’t know what the fuck they’re doing and will destroy the economy in the process while insisting they are doing a great job.
Hyte is not reliant on the US market, many of their competitors however are US based and reliant on the US market for their sales. They can easily be put out of business by these tariffs in the short term, further putting US businesses behind competitors.
You answered your own question. They appear to have determined that there wouldn’t be demand.