Tariffs do not always 100% immediately get passed on to buyer.
If there's a $100 product you'd like to purchase and there's a 100% tariff, it won't be $200.
That product was made abroad, let's for $20. So the tariff should be $20, not $100.
The US-based owner will go to the supplier, say they're getting squeezed by tariffs and first they'll try to see what they can do to recategorize the tariff, or negotiate with their supplier to absorb some of the expense. Let's say that got it down to $15. The owner still doesn't want to increase costs by 15%, so they'll hold off for a while and absorb, and then eventually maybe increase 5-10 and absorb further; perhaps eventually going the full stretch - maybe not.
Yes, but investors move in and out of cash positions. Bershire Hathaway is currently sitting on $334 billion in cash. If you're an active investor, you'll have periods of both buying and selling - so you'll have cash, or you won't have cash. To assume 100% is allocated at all times is incorrect.
Tariffs do not always 100% immediately get passed on to buyer.
If there's a $100 product you'd like to purchase and there's a 100% tariff, it won't be $200.
That product was made abroad, let's for $20. So the tariff should be $20, not $100.
The US-based owner will go to the supplier, say they're getting squeezed by tariffs and first they'll try to see what they can do to recategorize the tariff, or negotiate with their supplier to absorb some of the expense. Let's say that got it down to $15. The owner still doesn't want to increase costs by 15%, so they'll hold off for a while and absorb, and then eventually maybe increase 5-10 and absorb further; perhaps eventually going the full stretch - maybe not.