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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

#211

Post by [deleted] »

toomuchtodo wrote: post #60
davidw wrote: post #52

Earlier quoted context omitted.

How would you actually go about doing that? Like if the US economy implodes because enough of this malarkey breaks it, what/where is safe? In terms of your personal wealth/residence, I mean. The only thing I can kind of think of is maybe some land or housing in Europe or New Zealand or somewhere kind of out of the way; perhaps something that you can rent out. Might not make you a ton of money, but it would hopefully…

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)

[deleted]

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

#213

Post by throw0101a »

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…

> That, in turn, makes U.S. products look more attractive.

Unless they raise prices to get better margins since their competition has higher prices now. This is exactly what happened with Trump 1.0 tariffs: foreign product prices went up and so did domestic ones.

> A U.S. business also hires U.S. employees, who pay taxes as well and spend into the economy.

It takes time to on-shore, and until that happens the public is paying higher prices, potentially for a few years. So you take the total higher prices, and divide by the number of jobs created, and you can get the price per job. For washing machines it was $800K/job:

* https://www.nber.org/papers/w25767

There is an argument to be made that production capacity is strategic asset of course:

* https://www.noahpinion.blog/p/manufacturing-is-a-war-now

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

#216

Post by a2tech »

toomuchtodo wrote: post #77
a2tech wrote: post #70

Earlier quoted context omitted.

Who did you use to make the international purchase? I have a friend that used the lady from house hunters international but she’s French focused and that’s not for us

I traveled to Spain and made the purchase in person. Drop a disposable email in your profile, I’ll reach out and provide whatever value I can.

That'd be great! Just shoot a message to spain-info@maildrop.cc

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

#217

Post by bluGill »

andelink wrote: post #177
bluGill wrote: post #146

Earlier quoted context omitted.

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.

Because NAFTA is the brainchild of Reagan. Bush Sr worked out most of the policy with CA/MX. Finally, Clinton signed it into law, with little influence on the policies overall.

Clinton pushed congress to pass it. He may not have had influence to the content (this is false - he added two amendments and had opportunity to restart talks on anything he cared about, though he may have decided some things were not worth bothering with it was still his choice) but he used his influence to get it passed in congress. It was his right to refuse to send it to congress.

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

#218

Post by jemmyw »

pfannkuchen wrote: post #199
lazide wrote: post #193

Earlier quoted context omitted.

I have a lot of experience with this kind of person. I personally will bet real money that the US has troops in Greenland within a year, and is claiming it as US territory. In my experience, the ‘personality defect’ you are thinking of is what many folks would call ‘malignant narcissistic personality disorder’. He only wants Greenland because someone once told him he couldn’t have it, and it gets him attention every…

Yes, I agree that the personality defect is a form of narcissism. I think, though, that the narcissism mechanism acts a bit differently than you say. I think he sees himself as a great man, a man who can see further than others, a man who gets things done and above all a man who makes deals. I’m not saying his is any those things, he’s not, just that this is how he narcissistically sees himself. Interestingly, I thin…

The problem comes when he thinks about making a deal that can't be made. Denmark can't sell Greenland. It's just not possible within their framework of relationship with the citizens of Greenland. So what will he do when it doesn't pan out? I don't know. We're seeing the same thing with Ukraine. Ukraine and Russia are not yet in a position where peace is possible. He wants to be seen making the peace. It can't happen, so he's going to punish Ukraine because they lost the blame game.

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

#219

Post by s3p »

declan_roberts wrote: post #28

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.

Consumers in the US constantly complain of inflation and things becoming unaffordable, so much that it's become both a GOP and dem talking point. They definitely want to encourage US-made goods, but that would mean prices go up. and realistically consumers buy the cheap stuff from china en masse, knowing it's low quality, just because they want to save money. Or at least that's my 0.02 on the situation. I don't know how we solve it either.

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

#220

Post by bodiekane »

pfannkuchen wrote: post #201
lawn wrote: post #196

Earlier quoted context omitted.

Saying crazy things like implementing general tariffs? Or wanting to create "camps" to hold immigrants, and then sending them to Guantanamo? Things like threatening retaliations against perceived enemies? Withdrawing support from Ukraine and groveling to Putin? I'm pretty tired of people dismissing his crazy outbursts as something he just says because he's not just all talk, he (too) often does the crazy things.

[flagged]

I like that you did a full 180 between your two comments in this thread.

First it was "Trump seems to habitually make hyperbolic and ridiculous sounding statements" to pretend it's all talk and not representative of actual policy.

And then a complete switch to supporting all of the policies which started as "hyperbolic and ridiculous sounding statements" on tariffs, immigration and Russian imperialism.

Also, it seems your worldview is straight out of a fairy tale from Fox News and/or Russian propaganda. Maybe reading some more diverse and less biased news sources would help you (AP News, BBC, Bloomberg, WSJ, Al Jazeera, Reuters, etc)

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