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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

#141

Post by verdverm »

rogerrogerr wrote: post #49
msy wrote: post #44

Earlier quoted context omitted.

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…

If it is half the cost to produce it over seas, 25% more is still much less than on shoring. On shoring is more than just the CoG, it requires capital investment which may no longer be needed in a year or four. It's not a simple or no brainer decision for most of the tariff targets with them being so broad

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

#142

Post by rodgerd »

codazoda wrote: post #35
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'.

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…

It's stupider than that - a lot of people believe that the manufacturer will just eat a 25% hike in tax. Build a tariff wall and make China pay, as it were.

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

#143

Post by scarface_74 »

chrsig wrote: post #135
scarface_74 wrote: post #109

Earlier quoted context omitted.

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…

> he can’t cut either one without Congress. What is he going to do? Not send checks to senior citizens? cut it anyway then deal with the 'consequences' in court. obviously.

The minute that Republicans allow one penny of cuts to social security, senior citizens - the most active voters - are going to abandon the Republican Party in droves. It might even turn Florida Blue again.

If they cut Medicare reimbursements or force senior citizens to pay more, it will have the same affect.

Modifying health care benefits that people already have has hurt Democrats in 2010 with the ACA and Republicans in 2018 trying to repeal it.

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

#144

Post by MichaelZuo »

ty6853 wrote: post #131
MichaelZuo wrote: post #126

Earlier quoted context omitted.

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…

Both right wing economists like Friedman and Mises, and left wing, understand initiating tariff wars against friendly neighbors is economically illiterate. No persons of educated thinking have anything fundamental to add. There is nothing to discuss. What we are witnessing is, to be crass, an exercise of pure idiocy.

Based on what logic…?

There’s not a widely agreed upon definition of intelligence last time I checked. So it seems impossible for “idiocy” to be any better defined.

There’s not even such an agreement that all human adults are even sentient in the first place, or what the critical threshold is.

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

#145

Post by jameslk »

kadoban wrote: post #132
jameslk wrote: 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 appear to be asking people to keep politics out of politics. What am I missing?

Straw man

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

#146

Post by bluGill »

johnnyanmac wrote: post #125
balls187 wrote: post #103

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).

Clinton wasn't able to get a significant number of his own party to vote for it while significant numbers of republicans supported it. At the time free trade was a rebuplican talking point and many democrats opposed it.

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

#147

Post by verdverm »

balls187 wrote: post #129
johnnyanmac wrote: post #125

Earlier quoted context omitted.

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.

Free trade and globalization have been around a lot longer than most of us here have been alive, maybe all of is

It has been a rising tide that lifts all boats on our blue marble

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

#148

Post by Maro »

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've left Hungary ~10 years ago, partially because of the politics. Hungary is essentially a failed state, people just don't know yet. Like ~100 years ago, poor hungarian leadership managed to position itself on the wrong side of history, and once the phase transition comes and passes, and the better part of the world gets back on track towards more liberalism and democracy, like it always does, nobody will be doing Hungary any favors.. same as after WW2.

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

#149

Post by verdverm »

dmalik wrote: post #73
codazoda wrote: post #35

Earlier 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…

> I’m sure I’m way over simplifying this, to the point of stupidity, but tariffs raise prices on foreign goods to encourage the sale and/or development of local goods, don’t they? What about all the businesses that export products or the ones that rely on imports. Businesses go bankrupt, prices go up for everyone and less people have jobs.

We had to bail out soy bean farmers last time to the tune of $25B. That's just one instance of how they backfired and did more harm than good

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

#150

Post by SpicyLemonZest »

scarface_74 wrote: post #109
galimalint wrote: post #101

Earlier quoted context omitted.

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…

> What is he going to do? Not send checks to senior citizens?

Yes, he's going to do precisely that. Musk will identify that some segment of the recipients is "fraud", or identify some employees who play a critical role in the processing pipeline as "waste". Then when the first senior citizens stop getting their checks, he'll call the reporters who talk about it liars or blame the Social Security Administration for "malicious compliance".

I don't necessarily expect you to believe me, even though he's already run this playbook in multiple other agencies. I'm just some guy on the Internet. But when you read the headlines in a couple months about missed Social Security payments, I hope you'll remember this comment, and adjust accordingly for your future predictions about what the administration wouldn't dare touch.

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