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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

#121

I don't know if tariffs are the right answer but I want so much less Chinese junk in this country. We are absolutely overflowing with low quality junk.

A solution to that would be the exclusion of China from Universal Postal Union as a developing country.

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

#122

Earlier 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.

100 years of friendship thrown away by a demented Russian asset president.

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

#123
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…

Way over simplifying.

A study was done on washing machine prices during tariffs of the previous Trump administration. Rather than undercutting foreign goods on price, local manufacturing raised their prices to absorb extra profit. As a kicker, the price of dryers also went up even though they were not subject to tariffs.

The US and Canadian economies have become deeply intermingled over generations. Many materials cross the border multiple times on the way to becoming finished goods and will be subject to tariff each time. There will be 2nd, 3rd, and 4th order effects for a long time even if these tariffs go away quickly, not to mention the poisoning of the closest relationship between nations the world has ever seen.

My fellow Canadians are horrified and enraged at the tariffs that amount to economic warfare and the continuous violations of our sovereignty. I have never seen the whole country this united on anything before. Canadians are furious and every grocery store has American produce rotting on shelves. We will not forgive and forget quickly.

https://www.aeaweb.org/articles?id=10.1257/aer.20190611

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

#124

Earlier quoted context omitted.

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.

The federal government, or someone empowered with their authority and sanctioned, begins to use lethal force extrajudicially.

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

#125
post #54

Earlier quoted context omitted.

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?

I never particularly thought of "free trade" as a conservative policy. I thought it was fairly bipartisan that large corporations want to get the cheapest prices for stuff (which often is not within the US).

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

#126
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?

There rarely seem to be any substantive discussion in these types of threads, beyond vibes or repeating tautologies and talking points.

Over the past few months I doubt there have even been 10 discussions total with some non-circular, credible, arguments along with some coherent logic backing them…

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

#127
post #99

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…

r/conservative is a bad litmus test. Between AI-driven bots (read comment histories!), flair-only posts, and chronically online users it's a terrible reflection of the average American who identifies as conservative. We need to stop reaching for the easiest data source just because we're desperate for a data source. There's a reason great research is hard - mostly because it requires stupendous effort (and funding!)…

>We need to stop reaching for the easiest data source just because we're desperate for a data source.

I agree. Pretty much all internet sources are inherently biased due to response bias, so there's no fixing that without talking to such people face to face (which is a bit hard in my area).

But if you aggregate enough data you can at least start to see some sort of prevailing trends and sentiments. So I am open to better sources and some biased/compromised forums are still better that choosing to be trapped in an echo chamber. I have browsed around on other comments sections from news sources and the results unfortunately make Reddit look like a think-tank.

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

#128

Earlier quoted context omitted.

Most of the post 2016 China exit investment was to other cheaper southeast Asia countries. My phone was made in Vietnam.

Your phone was made in the US. They’re all black rectangles. The reason you picked the phone you use is because of the software, written here. All the LTV is tied up in software and services. Almost all made by Americans. To me, the status quo is very good - there can be unlimited valuable software written but people only need one phone. A policy of pro manufacturing doesn’t necessarily make sense in each specific.

People definitely pick phones for hardware too.

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

#129

Earlier quoted context omitted.

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?

I never particularly thought of "free trade" as a conservative policy. I thought it was fairly bipartisan that large corporations want to get the cheapest prices for stuff (which often is not within the US).

As far as I am aware, Free Trade was a clinton era policy, which sparked globalization. Yes it cost American industry jobs, but gave rise to a significant boom in non manufacturing jobs.

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

#130

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.

Costly events occurred… so costs went up. Best Buy’s profit margin hovers around 3% and Target’s around 4%, they’re not raking in money.
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