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The Trump Tariffs thread

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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.
 
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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outriding said:
Would like to see the earnings report next quarter. I would bet the companies have record earnings
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Are you going to look at them based on dollar amount or percentages? If you are going to look at them based on dollar amount, of course they will "look' as though they are having record earnings. Because when their costs go up, and they have to raise the prices to compensate, even if their profit margin percentages stay the same, or are lower, their "earnings" will appear to be at record high as that is how math works.
 
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The fallout from Switzerland’s surprise 39% tariff has been swift. Markets opened down 2% and are struggling to recover, and now their President is being blamed for mucking up a call with Trump. They thought they’d end up somewhere between 10-15% tariffs like the rest of Europe—but now they are being singled out for punishment.

It’s funny how no one in this Administration feels inclined to offer any explanation for what happened. Why is that? It’s not like US exports are being blocked—something like 98% of our goods have free access to the Swiss market—higher than anywhere else in Europe.

So what happened on that phone call? Do we think Trump tried to pressure the Swiss President on opening up their banking sector to more US oversight/cooperation with law enforcement? Did he pressure them on unsanctioning certain bank accounts tied to his cronies? Or did she make the mistake of being a woman and talking down to Trump or correcting him too many times??? Will we ever know why America decided to tank the Swiss economy???

www.cnbc.com

Swiss tensions run high as clock ticks on U.S. tariff deadline

U.S. President Donald Trump last week said he would impose 39% tariffs on Swiss goods starting later this week.
www.cnbc.com www.cnbc.com
 
At this point I'm actually curious what country expels all US nationals because Trump hit them with a like 75% tariff or whatnot because they won't let his particular brand of hairspray on their market since it causes tumors in rats.
 
UNCjigga said:
The fallout from Switzerland’s surprise 39% tariff has been swift. Markets opened down 2% and are struggling to recover, and now their President is being blamed for mucking up a call with Trump. They thought they’d end up somewhere between 10-15% tariffs like the rest of Europe—but now they are being singled out for punishment.

It’s funny how no one in this Administration feels inclined to offer any explanation for what happened. Why is that? It’s not like US exports are being blocked—something like 98% of our goods have free access to the Swiss market—higher than anywhere else in Europe.

So what happened on that phone call? Do we think Trump tried to pressure the Swiss President on opening up their banking sector to more US oversight/cooperation with law enforcement? Did he pressure them on unsanctioning certain bank accounts tied to his cronies? Or did she make the mistake of being a woman and talking down to Trump or correcting him too many times??? Will we ever know why America decided to tank the Swiss economy???

www.cnbc.com

Swiss tensions run high as clock ticks on U.S. tariff deadline

U.S. President Donald Trump last week said he would impose 39% tariffs on Swiss goods starting later this week.
www.cnbc.com www.cnbc.com
Click to expand...

My conspiracy take on this would be the Cheeto wanted some kind of scammy banking deal where foreigners could dump their bribes to him unchecked.
 
ivwshane said:
My conspiracy take on this would be the Cheeto wanted some kind of scammy banking deal where foreigners could dump their bribes to him unchecked.
Click to expand...
LOL, and here I secretly thought he was asking to be gifted in Nazi gold and looted jewelry/artwork on the DL.
 
UNCjigga said:
The fallout from Switzerland’s surprise 39% tariff has been swift. Markets opened down 2% and are struggling to recover, and now their President is being blamed for mucking up a call with Trump. They thought they’d end up somewhere between 10-15% tariffs like the rest of Europe—but now they are being singled out for punishment.

It’s funny how no one in this Administration feels inclined to offer any explanation for what happened. Why is that? It’s not like US exports are being blocked—something like 98% of our goods have free access to the Swiss market—higher than anywhere else in Europe.

So what happened on that phone call? Do we think Trump tried to pressure the Swiss President on opening up their banking sector to more US oversight/cooperation with law enforcement? Did he pressure them on unsanctioning certain bank accounts tied to his cronies? Or did she make the mistake of being a woman and talking down to Trump or correcting him too many times??? Will we ever know why America decided to tank the Swiss economy???

www.cnbc.com

Swiss tensions run high as clock ticks on U.S. tariff deadline

U.S. President Donald Trump last week said he would impose 39% tariffs on Swiss goods starting later this week.
www.cnbc.com www.cnbc.com
Click to expand...
Or maybe don't want the Swiss to be neutral in the issue and take a side... Trump's side.
 
K1052 said:
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
Click to expand...

I think you might want to take a minute, sit down and just look at what I rant.

This isn't a mistake or stupidity.
This is WHAT THEY WANT!

Q: How to make America a White Christian Country?
A: Make it a shit hole country like Uganda or Russia.

Q: How do you make it like Uganda or Russia?
A: Easy.. you beat up on migrants and deport them like Adi-Imin and then start mass pogroms.

You push out sciences and studies and numbers you don't like by calling it "Jewish Science or whatever" and destroy education programs so people listen to you and not their brains as they were taught by teachers

You get rid of foreign investors and influences.. anything that isn't MAGA and install the most stupid people in delicate places so they don't even dream of overthrowing you.

The economic numbers are what Trump says they are. He's making 10 billion dollars a day for America. Repeat it so you believe it. That's how you MAGA! Basically go full Enron but with support of the Government. Simple make believe and it's easy for conspiracy theorists!

And this is the just the beginning.. it's reached critical mass already as he won TWICE. And with the dumbing down of the future generation MAGA is forever in.

If you value your prospects of a better life amongst intellectuals.. start planning to leave. The grass is getting so shitty here.. it really is starting to be greener on the other side!

Someday you'll thank me for giving you this advice.
 
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The Russian car is just awesome (assuming it's a real tweet)...once again proving GOP (and probably most of their voters) have no self awareness.
 
K1052 said:
Tariff otaku alive and kicking this morning.

View attachment 128301
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I shouldn't say this as I'm a liberal.. but Biden lost on immigration. Trump won on immigration. But the migrants Biden let in boosted the economy hugely.

So now Trump's trying to get rid of the migrants and put tariffs.. that's like shooting yourself in both feet.. the economy and people's ability to pay for goods/ services/ meds they need.

He'll need a lot of shady accounting to say the roof is not falling.. but how can the roof not fall when you knock out the pillars of support?
 
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