Six months into tariffs, businesses have no idea how to price anything

Post by platevoltage » Sat, Aug 30, 2025, 10:55 PM UTC

haunter wrote: post #97

In the end it's the biggest leopard ate my face moment ever: China has very high growth momentum that surpasses American living standards soon, and not long before it will surpass American security standards too. China's purchasing power is probably more comfortable than most western countries, with extensive housing and high speed rail and electric cars etc. When a country becomes rich, inevitably other countries as…

Post by nickpeterson » Sat, Aug 30, 2025, 10:56 PM UTC

furyofantares wrote: post #13

unnamed76ri wrote: post #10

Earlier quoted context omitted.

I don’t know if you can factually back up your claims but I applaud your proper use of decimate. It is a rare thing. One might even say it happens less than 10% of the time.

Decimation was way worse than reduction by a tenth. It was a punishment in the Roman army where the offending unit was divided into groups of 10 and each group had to draw straws. Whoever drew the short straw must be stoned or clubbed to death by the other 9. If you threatened me with death if I didn't cut off my feet, I wouldn't consider that "reduction by 10%" even if mathematically it might be.

Post by bitshiftfaced » Sat, Aug 30, 2025, 10:59 PM UTC

lazarus01 wrote: post #69

In NYC, for the first 6 months of 2025, 994 new private sector jobs were created [1]. During the same period last year, there were 66,000 new jobs created. Higher cost of doing business from tariffs has frozen hiring. With a frozen job market, there’s less revenue coming in. NYC is a leading indicator for the rest of the country. [1] https://www.nytimes.com/2025/08/13/nyregion/nyc-jobs.html

Post by hippo22 » Sat, Aug 30, 2025, 10:59 PM UTC

jameslk wrote: post #102

hippo22 wrote: post #85

I’d like to lay out an argument about why tariffs are good. The only businesses that are derailing with tariffs issues are those that import goods to sell. The argument against tariffs is that they make goods more expensive. Of course, this argument is true. But that’s not the end of the story. Because prices are higher for imported goods, demand for domestically produced goods increases. This increase in demand lead…

Incentives work better than tariffs. Tariffs are less effective due to their uncertainty (why would I build a factory if the next admin removes the tariffs?)

Post by kimixa » Sat, Aug 30, 2025, 11:00 PM UTC

platevoltage wrote: post #111

haunter wrote: post #97

In the end it's the biggest leopard ate my face moment ever: China has very high growth momentum that surpasses American living standards soon, and not long before it will surpass American security standards too. China's purchasing power is probably more comfortable than most western countries, with extensive housing and high speed rail and electric cars etc. When a country becomes rich, inevitably other countries as…

See this is what I don't understand. Everything you just said about China is a positive. Everything you said about China is achievable in the USA, and we at least HAD a head start on soft-power influence. Instead we should just have tariffs instead of actually making the lives of Americans better while FIGHTING affordable housing, high speed rail, and EVs. We've got an entire team of goons who would rather rack up pe…