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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

#151

Post by davidw »

Maro wrote: post #148
davidw wrote: 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'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…

Makes sense. Hope you landed somewhere where you are happy and doing well.

I guess my point is that most people aren't in imminent physical danger in Hungary right now and could just leave and that'd be fine for them and the regime.

That's a better situation to be in than "leave in 72 hours" for most people.

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

#152

Post by acdha »

quelup wrote: post #74

Honest question - can you not get these products from other stores or do all of them source products from Mexico and China? If so, it does seem like DOGE and other price saving initiatives will be closer to a net 0.

The supply chain has been global for decades, especially with the countries he targeted. It’s really messy with the North American free trade area since parts are shipped around a lot as they get made and assembled and all of those supply chains break in odd ways if there are customs delays. People are predicting that will add something like $3-10k to the price of a new car:

https://apnews.com/article/tariffs-cars-automakers-trump-can...

https://www.nytimes.com/interactive/2025/03/04/business/econ...

In many cases, the U.S. no longer has manufacturing capacity in certain markets so the most likely outcome is simply that prices go up or manufacturing shifts to other countries like Vietnam, especially in an uncertain economic climate where companies aren’t jumping to take on debt chasing demand which could disappear at any time.

One other area where we don’t have alternatives: Mexican agriculture - their growing season is longer and that means American consumers either aren’t getting things out of season or are paying more for things like greenhouse crops.

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

#153

Post by Workaccount2 »

anthuswilliams wrote: post #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.

Consumer spending was shattering records during the pandemic.

If consumer spending was dropping as prices were going up, then sure, greed. But prices were rising and consumers were relentless. Which is totally logical. Even more logical when the "spending class" was getting massive raises/offers and rock bottom credit.

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

#154

Post by johnnyanmac »

jameslk wrote: post #145
kadoban wrote: post #132

Earlier quoted context omitted.

You appear to be asking people to keep politics out of politics. What am I missing?

Straw man

Straw man is picking out a weak or unrelated argument. Seriously, what are you asking here?

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

#156

Post by johnnyanmac »

MichaelZuo wrote: post #144
ty6853 wrote: post #131

Earlier quoted context omitted.

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.

>Based on what logic

That trump's narrative of what tariffs are is a lie and that these do not in fact help the economy. They can help, but not the way trump is using the tools.

>There’s not a widely agreed upon definition of intelligence last time I checked.

>Please respond to the strongest plausible interpretation of what someone says, not a weaker one that's easier to criticize. Assume good faith.

https://news.ycombinator.com/newsguidelines.html

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

#157

Post by johnnyanmac »

esalman wrote: post #82
galimalint wrote: post #72

Earlier quoted context omitted.

[flagged]

4 out of those 5 headlines you listed are basically empty promises. Otherwise known as clickbait.

The 5th one is just outright misinformation. The title:

>DOGE says it's saved $105 billion, though it's backtracked on some of its earlier claims

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

#159

Post by wnc3141 »

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'.

When your'e deified, "god works in mysterious ways" sort of thing...

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

#160

Post by wnc3141 »

wnc3141 wrote: post #159
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'.

When your'e deified, "god works in mysterious ways" sort of thing...

Fascism is not and never was about ideological coherence.
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