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

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111–120 of 259 posts

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

#111

Sure miss the days where there wasn’t headline generating chaos from the White House resulting in market volatility. Make Government Boring Again.

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> Illegal crossings at U.S.-Mexico border down 94% from last year, Border Patrol chief says

Economic migrants stop appearing when the future of the economy starts looking bleak. You can also make housing affordable by encouraging murders on the street.

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

#112
post #68

Earlier quoted context omitted.

Haha yep, I designed one when he announced the tariffs the first time but never got around to printing them.

Would you mind sharing the design?

You can just purchase them: https://www.amazon.com/200pcs-Tariff-Stickers-Merchandise-An...

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

#113

Earlier quoted context omitted.

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)

The economic answer is 'it depends'.

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

#114
post #90

Earlier quoted context omitted.

> 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.

What would be your trigger to GTFO? If you wait too long, that's also a risk, if too many other people want to leave at the same time.

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

#115

Earlier quoted context omitted.

<€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!

Figure out your residency (digital nomad, non lucrative visa from passive income, etc). Find where you want to live. Find a property within that area. Use word of mouth, find someone locals trust, have them help you with maintenance and pay them for that help. I use both Wise and Santander. Idealista is, by far, the biggest real estate website in Spain. Use this to start your search. Some properties are going to be held by local agencies, and you're going to have to talk to folks on the ground to see those listings (wildly different market than Zillow and Redfin in the states). There is an annual wealth tax on globally held assets >€2M, if this potentially applies to you, seek assistance from a Spanish tax advisor. I strongly advise not buying over the Internet and buying in person to avoid scams and fraud. Use a legal advisor to facilitate your purchase as you would with an attorney in the states.

https://old.reddit.com/r/GoingToSpain/ helped me, I hope it helps you. Safe travels, wishing you the best.

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

#116
post #62

Earlier quoted context omitted.

This could be an interesting topic, but inevitably these posts devolve into politics and it’s always about the same thing. Yet this is the type of comment at the top. Why bother leaving a comment like this?

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

#117
post #62

Earlier quoted context omitted.

This could be an interesting topic, but inevitably these posts devolve into politics and it’s always about the same thing. Yet this is the type of comment at the top. Why bother leaving a comment like this?

You realize that the only reason this is a topic of discussion is because of politics, right?

No? I see comments here discussing things other than politics

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

#118
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'.

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…

If tariffs are such a great idea, should California slap tariffs on Florida oranges to protect its domestic orange growers?

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

#119
I'm no fan of tariffs, but oh please. Last time their prices went up because of COVID and because of supply chain disruptions. Now they are going up because of tariffs. All of their earnings calls are filled with analyses of their "pricing power" i.e. the degree to which they can pass on these costs to customers. But when the costs decline, they are happy to keep the prices inflated and pocket the profits.

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

#120
post #91

Who would have thought that increasing the price of goods will lead to higher prices? I'm not necessarily against tariffs, but I think it's idiotic to think that raising the price is going to somehow lower grocery prices.

I'm pro tariff - but 25% tariffs are absurd, at most you need 10%-12% in narrowly targeted categories to ensure re-onshoring of production.
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