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Because the cost of goods continues to fluctuate wildly due to ongoing tariff wrangling that nobody asked for or needed. Also farmers can’t sell anything because retaliation has destroyed international demand (I’d say decimated but it’s way worse than reduction by a tenth)
Not true. At least not yet.
Q2 agricultural exports were roughly flat to Q1 [1].
Now that I think about it, creating confusion and uncertainty is actually a pretty effective move if you want to play protectionism. Any "known" tariff would just be paid as far as still profitable.
If you want companies to invest in your country, the tariff has to make doing so make financial sense, and for the long term.
A lot of these tariffs are going on things that would require a whole factory to be built in the USA which doesn’t currently exist at all, and has no supporting infrastructure or workforce.
Companies can’t just decide right now, “oh shit there’s a tariff. Better but it in the USA right away!”
This is how you know most economic theory is a total lie, if it wasn't they would just "price what people are willing to pay" and be forced to eat the loss. Is that cause copper bathtubs are a special item or are you just making up more rules after the fact to patch holes in your leaky theory.
It's because basic economic theory makes some really bad assumptions. It assumes everyone has the information they need, and sellers can instantaneously change prices in response to changes in demand or cost of production. Neither of which is true in the real world.
This…is not true. What theory are you referring to?
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Funny how there is a post-it with a password glued to the screen of the computer in the lede image, now in plain sight for thousands of readers.
> Retailers, including Lowe’s and Home Depot, buy Thompson Traders’ wares and set the retail price themselves. And they have been reluctant to pay Thompson Traders more.
It seems like this sort of scenario would benefit from some kind of risk protection, like insurance, or a futures market
Yeah, complicated, costly and always changing regulations are great for doing business... /s
This is how you know most economic theory is a total lie, if it wasn't they would just "price what people are willing to pay" and be forced to eat the loss. Is that cause copper bathtubs are a special item or are you just making up more rules after the fact to patch holes in your leaky theory.
Classical economic theory predicts literally the opposite. It predicts the prices will go up exactly as if the base materials became more expensive. Classical economic theory predicts that free market produces lowest possible prices and thus any tarif means price up.
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.
It's not proper use, it's archaic use. Do you also claim bread is meat? A cat is a deer?
That said, I had sweet breads recently. And a cat being a deer sounds strange in English now, but deer is still the word for animal in other Germanic languages today, even if it faded in English, so it doesn’t sound completely archaic.
Funny how there is a post-it with a password glued to the screen of the computer in the lede image, now in plain sight for thousands of readers.