How prices changed at a Walmart in a year
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Re: How prices changed at a Walmart in a year
#2Here is the text-only version: https://text.npr.org/s.php?sId=753712449
Re: How prices changed at a Walmart in a year
#3The goal of the tariffs is to improve the bargaining position of America in getting better trade deals with China... not to move manufacturing back to the US.
That might be what’s fed to the average Joe the plumber Trump supporter but common sense easily precludes that motivation. To actually move manufacturing back you’d have to tariff every country with a lower cost of living than the US, and that’s most of the world. You’d have to massively reduce consumption in the US since such a policy will greatly redistribute wealth to domestic the physical laborer. And in the long term, because of the unsustainable labor costs here eventually automation and robotics R&D will catch up to destroy those jobs anyways.
Re: How prices changed at a Walmart in a year
#4> At the same time, higher prices of garlic — they soared 53% — actually illustrate tariffs working as intended.
> China had been the biggest exporter of garlic to the U.S. and domestic garlic growers have long argued they were being undercut by cheaper Chinese competition. Now that Chinese garlic faces higher tariffs, domestic companies can charge higher prices.
Domestic companies being able to charge higher prices was not the goal of tariffs. Labor is cheaper in other Asian countries, and that also results in their being able to undercut America producers. However, the trade war is against China and not low labor cost countries like Vietnam and Malaysia.
Re: How prices changed at a Walmart in a year
#5> At the same time, higher prices of garlic — they soared 53% — actually illustrate tariffs working as intended. > China had been the biggest exporter of garlic to the U.S. and domestic garlic growers have long argued they were being undercut by cheaper Chinese competition. Now that Chinese garlic faces higher tariffs, domestic companies can charge higher prices. Domestic companies being able to charge higher prices…
Why would garlic prices rise 53% if the tariffs are only 30%?
Are there really no other factors at play?
Re: How prices changed at a Walmart in a year
#6[deleted]
Re: How prices changed at a Walmart in a year
#7the cart doesn't make sense, it's too small and has too specific things in it. cod filet are pricier, shrimps are way cheaper. Great.
Re: How prices changed at a Walmart in a year
#8> At the same time, higher prices of garlic — they soared 53% — actually illustrate tariffs working as intended. > China had been the biggest exporter of garlic to the U.S. and domestic garlic growers have long argued they were being undercut by cheaper Chinese competition. Now that Chinese garlic faces higher tariffs, domestic companies can charge higher prices. Domestic companies being able to charge higher prices…
Why would garlic prices rise 53% if the tariffs are only 30%? Are there really no other factors at play?
> Are there really no other factors at play?
What factors do you have in mind, and how do they relate to the goal of the trade wars?
Re: How prices changed at a Walmart in a year
#9the cart doesn't make sense, it's too small and has too specific things in it. cod filet are pricier, shrimps are way cheaper. Great.
What do you mean too specific? How can you reasonably track the price of something less specific than a product?
Re: How prices changed at a Walmart in a year
#10The goal of the tariffs is to improve the bargaining position of America in getting better trade deals with China... not to move manufacturing back to the US. That might be what’s fed to the average Joe the plumber Trump supporter but common sense easily precludes that motivation. To actually move manufacturing back you’d have to tariff every country with a lower cost of living than the US, and that’s most of the wor…
Common sense is not a strong suit of this administration.