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

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

#651

Earlier quoted context omitted.

Harris was a terrible candidate. And not chosen by the delegates. The Democrats have to take some of the blame for Trump 2.0, surely? Trump was a terrible candidate and could've been beaten if a good candidate running against him.

Speaking as someone who despises Ted Cruz to the bottom of my soul, I decided in 2016 that if Trump had decided to run as a Democrat, I would have voted for Cruz. At least he has some sincerely held beliefs that do not involve his own wallet and cruelty towards the entire world outside his inner circle. My point being: at some point the American electorate has to take responsibility for picking the worst available pe…

≥The Democrats did not compel them to vote for Trump.

Perhaps i didn't make my point clear. Indeed ur statement is true. I was referring to those who hated Trump but also hated Harris and so DIDNT VOTE. My point being that if the Democrats had fielded a compelling candidate many of those who didn't vote may have voted for them. Enough to win. The Democrats learned nothing when they fielded Hilary Clinton and lost. Joe Biden barely won. And only because they were sick of Trump and also how he handled Covid. Also don't forget the Democrats tried to run with Joe for a second term when he was clearly unfit. Huge turn off.

So yes, my argument is the Democrat Party is partly at fault for Trump 2.0. They did not field a worthy candidate.

"Vote Blue no matter who" is a failed strategy. And rightly so.

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

#652
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…

American companies will move manufacturing offshore long before they’ll open factories in the U.S. The economics of using domestic labor for cheap goods don’t add up.

Will? They did a long time ago!

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

#653
post #522

Think about the fact that inflation was effectively killed and rates were set to come down by 2%. Then this clown comes in and does this. Inexcusable. Biggest economic policy blunder in history. Don’t let sky high stock market fool you.

Not only that, but now he’s trying to blame the only adult left in the room, Jerome Powell.

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

#654

Earlier quoted context omitted.

Why on Earth not? Didn't people pay attention during his first term? This was 100% predictable.

The key difference seems to be that this time: * Groups like Project 2025 spent years preparing an assault on our legal system * This time Trump populated his administration with sycophants from day 1, instead of starting out with establishment figures * The GOP has spent the last 8 years reconfiguring themselves into supplication This time, Trump is fully unhinged and unfettered, and he knows the legal peril he face…

>and he knows the legal peril he faces if the White House isn’t GOP-held for the rest of his life.

This combined with the utter self-emasculation of the Republican Party to Trump's incoherent, or at best self-serving, garbage is the most worrisome thing of all.

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

#655

[flagged]

Please don't fulminate or post inflammatory comments about nations on HN.

If you wouldn't mind reviewing https://news.ycombinator.com/newsguidelines.html and taking the intended spirit of the site more to heart, we'd be grateful.

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

#656

Earlier quoted context omitted.

[flagged]

> It's not achievable in the USA because a very large chunk of our population is literally retarded. 70 mil voted for Trump for some reason. I am not an American citizen so I cannot feel offended by this sentence, but I think it doesn't help to call people stupid. What you describe looks like a failure of the education system, which have been defective for decades in the US, from what I've heard. This may very well t…

Yes, it is a failure of the education system, by design, for decades.

The way they are trying to takeover the public school system is by "vouchers" where private schools end up getting funded by tax dollars to create a regime sanctioned and funded private school system.

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

#657

Earlier quoted context omitted.

It might be an authoritarian one party state but China isn't a dictatorship right?

What is a dictatorship if not what you just described?

Dictatorships have dictators. The power flows from that one person (think Hitler or Stalin), the military is probably loyal to them rather than other state apparatus and there tends to be no codified route to succession in the event of their death.

China is different in all these cases, even after the significant moves by Xi to consolidate power. You could argue that I'm the days of Mao there was a dictatorship in place but things have radically changed since Deng Xiaoping took the helm.

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

#658
post #582
post #426

Earlier quoted context omitted.

Western Elites can not stomach a non-Western country prospering. It goes against everything they believe in.

Japan? South Korea? Taiwan? Singapore? Saudi and the Gulf States?

Saudi and Gulf States are run by violent dictators who are Western puppets. Did you forget about MBS 'the Bonesaw' ?

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

#659
post #353

Earlier quoted context omitted.

That is one of those questions where if you're asking it, I do question how serous you are in seeking out answers. It is mathematically guaranteed that an optimal rate exists, the topic has been an ongoing research question for several centuries and it is hard to avoid if you spend time arguing economics. Wikipedia points out [0] that scholars dating back to Ibn Khaldun have been working on the topic of pinpointing a…

So just to be clear: there is some undetermined optimal number, but so far no place has determined it and no place gone on the other side of it such that the ultra-wealthy left any particular area of note, causing a decrease in tax revenue. Got it. Thanks for the info!

> ...but so far no place has determined it and no place gone on the other side of it...

This is what I mean when I say I'm not sure if you're actually interested in the answer. The Wikipedia article is a pretty thorough treatment. This isn't some new or unexplored area, it is about as well trodden ground as the economists have. There isn't any need to gather more evidence to retest it yet again, the numbers are well known.

The income-maximising tax rate is between 60 and 75% and depends a bit on local conditions (probably mostly migration and language barriers). Lots of places have gone beyond it, happens all the time, and they generally lower their tax rates when someone points out they could make more money that way. You'd probably find the California tax people do studies on this sort of thing fairly regularly; not that anyone particularly cares or that I'm going to try and look it up. The real question is whether the government should even be trying to maximise the tax take.

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

#660
post #220

Earlier quoted context omitted.

The Paris agreement was very important when renewable energy required state subsidies, but it is no longer necessary. Fossil-fuel power is no longer economically competitive without subsidies thanks to (largely Chinese) improvements in the costs of solar panels and the necessary power electronics. Over a few decades, solar-powered energy superabundance will reduce the costs of atmospheric carbon capture to the point…

Ironically, the Chinese seem to disagree, as they bring online new Coal-powered power plants every other week, with 94.5 GW of new capacity having started construction in the first half of 2024 and another 66.7 GW approved. And that's 'permanently available', not (p) = peak. "Solar is cheaper than fossil" does not look at the whole picture, it completely ignores that solar is not scalable quickly enough to meet risin…

Although it's somewhat obnoxious, I'll quote Rui Ma's summary in https://xcancel.com/ruima/status/1955372325970514161:

> Hey n00bs: the up‑and‑to‑the‑right charts people fling around about China’s coal tell you almost nothing you think they do. Here's what actually matters:

> 1/ China’s electricity supply exploded over the last decade (versus stagnant for US)

> 2/ new growth is now being met mostly by clean power, coal is at all time low % of total

> 3/ grid delivery got a lot better (bigger and more efficient)

> 4/ China’s power‑sector emissions look like they peaked or are peaking, like 5 years ahead of its official deadline

> So if you reply with “BUT COAL PLANTS!!1!” without talking about utilization, per‑capita numbers, or the grid, you’re, uh, auditioning for the quote‑tweet (thx ChatGPT for this insult).

> More details below for those who have more than half a brain cell available: ...

Coal plant approvals in China last year ended up even lower than the 66.7 GW number you give, only 62.24 GW: https://www.reuters.com/sustainability/boards-policy-regulat... That's for all of 02024, not (as you said) the first half.

Contrary to your assertion, that is the peak ("(p)") or nameplate capacity of the coal plants in question. However, coal plants do have a higher capacity factor than solar plants, which may have been what you were trying to say. In the US, which has the best data available, coal plants are operated with an average capacity factor of 42% (much lower than historical averages around 75%) while PV is down at 23%: https://www.statista.com/statistics/183680/us-average-capaci... but I think that in China the gap is wider. From memory, I think I worked out that China's average solar capacity factor has been around 10%, while coal is nearly 50%.

So 62GW(p) of coal capacity built would be about 30GW 'permanently available'. Moreover, However, not all of those regulatorily approved projects will actually come to fruition. You can see from boulos's numbers that only about half of approved plants ever get built. So 62GW approved is more like an average of 15GW actually produced—for the few short years before the plants are shut down.

I'm not sure what you mean by "not scalable quickly enough to meet rising energy demands". China was indeed having a hard time scaling electrical generation quickly enough to meet rising energy demands, back when they were more heavily coal-dependent. They had a full-blown crisis in 02021 with widespread blackouts. But that's because fossil fuels aren't scalable. That's why they installed 500 GW (half a terawatt) of new electrical generation capacity last year, half of which is solar and 80% of which is renewables. As Lauri Myllyvirta says in https://xcancel.com/laurimyllyvirta/status/19603213250099530..., it's probably also why they're still building even the small amount of coal-fired generation capacity they are:

> Permitting of a massive wave of new coal plants was a knee-jerk response to early-2020s power shortages and grid challenges from rapid wind and solar growth. The coal industry marketed itself as the solution, showing its entrenched influence. Since then, better grid operation and storage have largely addressed those issues, while the coal projects approved at the time are still under construction. A huge pipeline of already permitted projects remains.

He cites https://energyandcleanair.org/publication/chinas-coal-is-los... for further information.

I don't have a good handle on consumer electricity prices in China, but from Rui Ma's figures in https://xcancel.com/ruima/status/1960397673921699955, they don't seem to be exponentially rising; the average residential rate she gives is 0.542 RMB/kWh, which is US$0.076/kWh. That was for 02019. According to https://worldpopulationreview.com/country-rankings/cost-of-e..., in 02024, Chinese consumers were paying US$0.08/kWh for their electricity, so they basically haven't seen a price increase in five years. And they're paying less than half the average in the US, where solar deployment is so much less advanced.

By the way, my comment you were replying to cited 5 sources of reliable information. This comment, in reply to yours, cites two reliable sources, plus Statista, World Population Review, and two people on Twitter. Your comment disagreeing with mine cites zero sources, and unsurprisingly virtually every assertion in it is wrong. I corrected five factual errors in your four-sentence comment, and I suspect there are more. Don't you have any information to contribute? Do you just not care whether what you're saying is true or not? Do you think that insufficient ignorance is a big problem in the world, so you'd like to create additional ignorance?

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