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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

#101

Post by galimalint »

scarface_74 wrote: post #94
galimalint wrote: post #72

Earlier quoted context omitted.

[flagged]

TSMC announced investments in the US in 2020 and 2022. It later came out that the DOGE numbers are innacurate. Even if they were accurate, the US budget is 7 Trillion. The tax cuts that Trump is proposing is much more than all of the cuts.

the $100 billion investment in 2025 is new. the first investment in 2020 is also from trump first term.

doge has only been at work for 45 days, give it time. it's starting to look into military and medicare already.

Re: Best Buy and Target CEOs say prices are about to go up because of tariffs

#102

Post by KajMagnus »

throwaway48476 wrote: post #48
warkdarrior wrote: post #40

Earlier quoted context omitted.

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.

That's interesting, so, prices might not drop to pre-tariff levels, until not just one, but many, manufacturers appear in the US, and start competing on price (well, obviously, I guess some would say)

Re: Best Buy and Target CEOs say prices are about to go up because of tariffs

#103

Post by balls187 »

bluGill wrote: post #54
johnnyanmac wrote: post #26

Earlier quoted context omitted.

well, going to r/conservative, top answer in a tarriff thread: >To influence companies to produce their goods domestically instead of internationally. What is so hard to understand about this? So they are stuck in Just World Land. another top comment linked this: https://www.whitehouse.gov/fact-sheets/2025/02/fact-sheet-pr... So they more or less buy into "The extraordinary threat posed by illegal aliens and drugs, i…

What ever happened to the free market consevatives? The ones who were proud to work with Clinton to pass NAFTA in the first place.

They got tired of nonsensical progressive social policies and threw in their hat with a politician that wins, a lot.

Pre-Trump the 2nd, it seemed to me that conservative view-points were being “shouted down.”

Anecdotally I recall even on HN conservative views weren’t looked too kindly.

Remember that Google engineer who had an odd-take about less qualified Googlers, and getting ostracized for it?

Re: Best Buy and Target CEOs say prices are about to go up because of tariffs

#104

Post by guyfromfargo »

bluGill wrote: post #54
johnnyanmac wrote: post #26

Earlier quoted context omitted.

well, going to r/conservative, top answer in a tarriff thread: >To influence companies to produce their goods domestically instead of internationally. What is so hard to understand about this? So they are stuck in Just World Land. another top comment linked this: https://www.whitehouse.gov/fact-sheets/2025/02/fact-sheet-pr... So they more or less buy into "The extraordinary threat posed by illegal aliens and drugs, i…

What ever happened to the free market consevatives? The ones who were proud to work with Clinton to pass NAFTA in the first place.

[dead]

Re: Best Buy and Target CEOs say prices are about to go up because of tariffs

#105

Post by toomuchtodo »

davidw wrote: post #90
toomuchtodo wrote: post #60

Earlier quoted context omitted.

We own a modest flat in Spain. I’ve moved a year’s worth of living expenses to EUR. I can have my family out of the country in 72 hours. Total cost was under $300k USD. The best time to have a plan is before you need it. If you wait until you need it, you’re too late. (n=1, ymmv)

> I can have my family out of the country in 72 hours. I was thinking out loud about this on a reddit thread, kind of going through my idea of different scenarios. "Maslow's hierarchy of GTFO". As in... if you're in 1930ies Germany, you get out with whatever you can take, but you get out ASAP. If you're in, say, Hungary... you don't really need to rush your exit. You might find the politics unpleasant, but you can le…

I work in risk management. If I overestimate this risk, the cost is very low. If I underestimate the risk and am suddenly exposed to it unexpectedly, the cost is exceptionally high. This leads me to action accordingly.

Re: Best Buy and Target CEOs say prices are about to go up because of tariffs

#106

Post by inverted_flag »

Sabinus wrote: post #3

Any 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'.

Not sure about the higher prices, but the coming recession is being talked about in MAGA circles as a correction and a fault of the Fed.

Re: Best Buy and Target CEOs say prices are about to go up because of tariffs

#107

Post by zzleeper »

toomuchtodo wrote: post #84
strken wrote: post #71

Earlier quoted context omitted.

How much does this cost you on an ongoing basis, if you don't mind me asking?

<€4k/pa. That’s everything including utilities. No mortgage.

Any advice? Figured maintenance would be annoying (utilities, making sure things that break down get fixed, etc).

Also, did you go for a big bank (Santander BBVA etc) or smaller one?

Gracias!

Re: Best Buy and Target CEOs say prices are about to go up because of tariffs

#108

Post by crazygringo »

throwaway48476 wrote: post #88
crazygringo wrote: post #64

Earlier quoted context omitted.

It is extremely rare for manufacturers to absorb the tariffs. Profit margins in most industries simply aren't high enough to cover it. A business can't absorb 20-25% tariffs if its profit margin is only 5%. And manufacturing is particularly known for its low profit margins. So no. I mean, in theory you are technically correct. But the way elasticity works in practice is that the buyer is who pays the tariffs in virtu…

This is the case of low elasticity of the supply curve.

Yes, that's what I meant with my last sentence.

Re: Best Buy and Target CEOs say prices are about to go up because of tariffs

#109

Post by scarface_74 »

galimalint wrote: post #101
scarface_74 wrote: post #94

Earlier quoted context omitted.

TSMC announced investments in the US in 2020 and 2022. It later came out that the DOGE numbers are innacurate. Even if they were accurate, the US budget is 7 Trillion. The tax cuts that Trump is proposing is much more than all of the cuts.

the $100 billion investment in 2025 is new. the first investment in 2020 is also from trump first term. doge has only been at work for 45 days, give it time. it's starting to look into military and medicare already.

There is no way that conservatives are going to let DOGE touch Medicare that and social security are the third rail and he can’t cut either one without Congress. What is he going to do? Not send checks to senior citizens?

The minute you cut military spending - again you can’t do it without Congress - Republicans are going to grow a spine.

Do you remember the FoxConn investment that never happened?

https://www.reuters.com/business/foxconn-sharply-scales-back...

Re: Best Buy and Target CEOs say prices are about to go up because of tariffs

#110

Post by goatlover »

ourmandave wrote: post #11

But 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…

Didn't sound like Trump was rolling anything back during his speech to Congress. Gave April 2nd as deadline for retaliatory tariffs to go into effect.
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