What's the impact here on inflation, by extension interest rates and funding available to startups?
Best Buy and Target CEOs say prices are about to go up because of tariffs
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Re: Best Buy and Target CEOs say prices are about to go up because of tariffs
#42But they're already talking about walking it back or lowering them tomorrow (Wed). All these stupid sky-is-falling headlines that become forgotten in a couple days when it's on to the next outrage moment. Like the whole Zelensky/Trump white house blow up is like sitting in on couples therapy. The deal is off! No, it's back on! It's tiresome. Edit: I'm not pro Trump or trying to defend the fuckery. I'm just sick of Tr…
You know what's so interesting? If I had known he was going to threaten tariffs, I might have considered shorting a lot of stocks. And well, if I knew he was going to then quickly walk them back the next day, I probably would have bought those same stocks. If only I had known he was going to do this!
Now that I think about it, if he had told me about these things in advance, I could probably make a LOT of money. I mean sure, it's illegal, but we could always gut the SEC[1]!
[1] https://news.bloomberglaw.com/esg/doge-targets-sec-next-for-...
Re: Best Buy and Target CEOs say prices are about to go up because of tariffs
#43Any bets on how this will be justified by Trump voters? I'm thinking at first it'll be 'playing hardball negotiating tactic' and when it looks like the tariffs are here to stay 'paying more is patriotic'.
No, it will be Biden’s fault for ruining the economy and causing inflation. Trump didn’t have a choice, just trying to save the economy really. Doing what’s best for the people.
Imagine actually believing this. Contrary to every economist and qualified takes.
Re: Best Buy and Target CEOs say prices are about to go up because of tariffs
#44What's the impact here on inflation, by extension interest rates and funding available to startups?
Near term inflation but more broadly increasing paralysis of business investment of all stripes in the fact of a wildly unpredictable political landscape.
Re: Best Buy and Target CEOs say prices are about to go up because of tariffs
#45Earlier quoted context omitted.
There's already talk about the tariffs being curtailed tomorrow. Which got the stock market all hopeful at end of day. Which I'm sure if this happens, will be accompanied by some bullshit claims of some concessions he supposedly obtained. And a lot of people in-the-know who made easy coin on the stock market today. And his followers will eat it up. Last month there was all sorts of blather on social media about how "…
It's hard to overstate how pissed off Canadians are about Trump's threats to annex Canada through economic bullying. People I know who have never boycotted anything are now boycotting US goods and services. There will be long-term consequences even if it's walked back tomorrow.
Yeah I am generally not a nationalist by conviction or intellect but this stuff has me tearing up to the national anthem and putting stuff back on the shelf at the grocery store.
Re: Best Buy and Target CEOs say prices are about to go up because of tariffs
#46But they're already talking about walking it back or lowering them tomorrow (Wed). All these stupid sky-is-falling headlines that become forgotten in a couple days when it's on to the next outrage moment. Like the whole Zelensky/Trump white house blow up is like sitting in on couples therapy. The deal is off! No, it's back on! It's tiresome. Edit: I'm not pro Trump or trying to defend the fuckery. I'm just sick of Tr…
Businesses and investors hate uncertainty. Even if the tariffs get taken off again some damage will be done.
Re: Best Buy and Target CEOs say prices are about to go up because of tariffs
#47Earlier quoted context omitted.
There's already talk about the tariffs being curtailed tomorrow. Which got the stock market all hopeful at end of day. Which I'm sure if this happens, will be accompanied by some bullshit claims of some concessions he supposedly obtained. And a lot of people in-the-know who made easy coin on the stock market today. And his followers will eat it up. Last month there was all sorts of blather on social media about how "…
It's hard to overstate how pissed off Canadians are about Trump's threats to annex Canada through economic bullying. People I know who have never boycotted anything are now boycotting US goods and services. There will be long-term consequences even if it's walked back tomorrow.
Its a brand equity bonfire.
Re: Best Buy and Target CEOs say prices are about to go up because of tariffs
#48Earlier quoted context omitted.
I haven’t paid attention to the politics here much, but isn’t driving up the price the point? If you charge Canada a 25% tariff then products sold in the U.S. and shipped from Canada should cost U.S. consumers about 25% more. That, in turn, makes U.S. products look more attractive. A U.S. business pays taxes at the federal and state levels. A U.S. business also hires U.S. employees, who pay taxes as well and spend in…
That is the theory. But there is no incentive for US manufacturers to compete on price. If the product from China costs $100 (including the tariff), the same product from US will be $99.99. Selling it any cheaper would be stupid.
This isn't 'wrong' but only accounts for a two party market.
Re: Best Buy and Target CEOs say prices are about to go up because of tariffs
#49What's the impact here on inflation, by extension interest rates and funding available to startups?
Near term inflation but more broadly increasing paralysis of business investment of all stripes in the fact of a wildly unpredictable political landscape.
The general path of the country is fairly clear at this point - business that manufacture closer to consumers will have fewer issues with the government. Even Biden kept a bunch of Trump1 anti-China policies in place.
If I was directing investment at a large business, onshoring manufacturing would be a no brainer in many businesses. Mexico might be the happy medium, but I’d really push for US manufacturing facilities with high automation levels to hedge against labor cost.
Re: Best Buy and Target CEOs say prices are about to go up because of tariffs
#50Sure miss the days where there wasn’t headline generating chaos from the White House resulting in market volatility. Make Government Boring Again.
"It used to be simple: vote for the guy you liked the most. Then it became vote against the guy you disliked the most. Now it's vote for who you dislike the least." --A Whitney Brown I remember seeing that on SNL in the 80s; it has always stuck with me.
I heard he used to be _The_ Whitney Brown.