The Trump Tariffs thread

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VRAMdemon

Diamond Member
Aug 16, 2012
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My impression of all of his “deals” so far. He’s imposed new taxes on American consumers, and all he’s gotten in return is promises to “buy” stuff that governments don’t buy. Trump fundamentally doesn’t understand how international trade works, and it seems to me that governments around the world are starting to take advantage of that. Make as many empty promises as they have to to get the tariffs as low as possible, knowing that that will never be zero, or even what they were before Trump. Trump loves tariffs, so you know there will be some, the game is to get them as low as possible.

Meanwhile, the other countries are doing whatever they can to diversify their trade, to eliminate as much US trade as they can.

Like it or not, the American people gave Trump real power, not just in the US, but around the world, because of the influence he inherited that was created by decades of US world dominance. The rest of the world can’t change that overnight, so they’ll have to deal with him no matter what.
 
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K1052

K1052

Elite Member
Aug 21, 2003
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Wow who could have possibly foreseen that companies just were not going to eat lower margins even though Trump said they should?


After a Lag, Consumers Begin to Feel the Pinch of Tariffs

And in recent days — before Mr. Trump announced tariffs for much of the world on Thursday night — Adidas, Procter & Gamble, Stanley Black & Decker and other large corporations told investors that they either had increased prices or planned to do so soon to offset the tariff costs. Companies like Walmart and the toymakers Hasbro and Mattel had already warned that tariffs would lead to higher prices.

“We have no interest in running a lower-margin business, particularly due to tariffs,” Richard Westenberger, the chief financial officer of Carter’s, a children’s apparel maker, said on a call with analysts on July 25. “And if this is something that’s going to be a permanent increase to our cost structure, we have to find a way to cover it.”
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In financial filings and calls with investors, executives at public companies are being more candid about their plans to raise prices in the coming months, if they haven’t done so already. Many are leaving open the possibility that tariff rates could be higher than their current assumptions.

Procter & Gamble, which makes household staples such as Tide detergent, Pampers diapers and Charmin toilet paper, said it planned price increases averaging 2.5 percent on about a quarter of its U.S. products starting in August.

Mohawk Industries, a large flooring company, said it was raising prices 8 percent. “The industry will have to increase further with higher tariffs,” Paul De Cock, the company’s president and chief operating officer, told investors late last month.

And Adidas’s chief executive warned on Wednesday that tariffs “will directly increase the cost of our products for the U.S.”

There are also signs that some smaller, independent companies are beginning to pass on more of their costs despite fears of scaring customers away. Some coffee shops, already straining to absorb Mr. Trump’s blanket 10 percent tariff, are raising prices in response to 50 percent tariffs on Brazil that he threatened last month and will impose Thursday. Many retailers are preparing to adjust their prices particularly for the winter and spring seasons.
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