I think I like that better than changing the prices themselves as it's more transparent and easier to reverse in an instant if we're able to come to an agreement.
anyone else buying up parts before tariffs hit?
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I think I like that better than changing the prices themselves as it's more transparent and easier to reverse in an instant if we're able to come to an agreement.
and they're a bit more honest than a certain rainforest company who caved in and didn't add the cost of the tariff on the 1click checkout
People are finding out how much isn't made in the USA.
And I'm here for it honestly
The whole "I don't care about politics" line is coming around with a rude awaking
And I'm here for it honestly
The whole "I don't care about politics" line is coming around with a rude awaking
The problem is how dependent we are on our #1 peer adversary, not that stuff isn't made here. Even though for car parts I would overwhelmingly prefer that. If China decided tomorrow that they wanted Taiwan then what would our trade look like if the tariffs had never come along? The free market chose China for economic reasons. Now the developed world has essentially turned China into what it is. Hopefully we can move the production that isn't coming back somewhere else sooner than later for the long term. Short term I really hope China caves. The cost of stuff going up sure sucks for us, but not as bad as it'll suck to shutter a bunch of factories overnight. Or do we overstate our market share of Chinese production?
This current problem started back in the 80s.. I don't see it getting fixed in "4" years not without a substantial amount of blood spilled.
China doesn't have the logistical means to do anything long term effective against Taiwan.. especially without the USA knowing about any build up to actual do something. Anything more is just saber rattling.
Honestly I think the end goal is 0% tariffs on everything thing.. Vietnam who's smaller version of China in practice sent a proposal last month? To go 0/0 if USA went to 0 tariffs.
The amount of countries that have equal trade per capita. Is very short list.
Honestly our neer per is ourselves. Out biggest threat is someone going after a mutual allie to get to the USA.. in any serious fashion. Best they can do on the USA home front is minor inconveniences and a grand scheme of things.
The closest thing to a boots on ground invasion is the illegal immigrants issues.. which they could pull off a October 7th variation.. put with easy 30-40% of the population armed at some point. They'll most likely hit cities/states with strick gun laws.. because long response times..
Is loved to see MFG come back, but I don't think I'll be around to see it like it was 50-60 years ago😞
If and when manufacturing ever returns to the US.... it will take decades, its bad enough we're still reeling from the manufacturing iteruptions and prices post covid, these teriffs is like the final nail in the coffin.
I dont see it getting any better even when we starting paying even higher prices just for "made in america" goods... all i see is the typical rich getting richer and the poor getting poorer. us "peasants" are screwed from here on to the grave.
We have plenty of "made in america" goods now... but what the majority of the public doesnt know, parts are still comming in from china and elsewhere, but its just assmembled in the US, the play on words, just another scam being played out.
I dont see it getting any better even when we starting paying even higher prices just for "made in america" goods... all i see is the typical rich getting richer and the poor getting poorer. us "peasants" are screwed from here on to the grave.
We have plenty of "made in america" goods now... but what the majority of the public doesnt know, parts are still comming in from china and elsewhere, but its just assmembled in the US, the play on words, just another scam being played out.
There is an economic feature I HOPE isn't followed following all this tariff junk, which will eventually settle out. And that's the never-ending "fee adjusting" by companies. Last time I shipped with UPS a good while ago, they were STILL doing it with their fuel cost adjustments. Remember when there was super-high fuel prices a while back and UPS (and some others) put a fuel tax on the price of shipping goods? It may be gone now, I don't know, but it hung around LONG after the fuel prices subsided. Some restaurants were putting a 50 cents per egg fee on breakfast plates and stuff recently. WTF? If they go away after the crisis is over, fine. But watch it. Once the prices rise, they get rather sticky on the upside.
Nobody has ever tried to do a "correction" in the trade balance before and rather than ease things down gently, it just got shoved down the stairs and the band-aid got ripped off. Last I checked, China was listed as an "emerging economy" which enables them to get all sorts of concessions from the WTO and other entities. Don't know if that's still happening, but anyone in their right mind still think they're still an emerging economy? The crazy slant against U.S. trade by nearly everyone has almost led us to being a service economy only, with everything else farmed out. That's no way to be. Imagine if you relied on your neighbor for all your drinking water, and one day you get in a spat with him. He cuts your water off. What you gonna do? China's already threatened that with rare earth minerals and even pharmaceutical components. While we don't need to keep from farming out anything, we don't need to farm out everything. We need the capability to be able to manufacture what we need for ourselves in a relatively short time.
Nobody has ever tried to do a "correction" in the trade balance before and rather than ease things down gently, it just got shoved down the stairs and the band-aid got ripped off. Last I checked, China was listed as an "emerging economy" which enables them to get all sorts of concessions from the WTO and other entities. Don't know if that's still happening, but anyone in their right mind still think they're still an emerging economy? The crazy slant against U.S. trade by nearly everyone has almost led us to being a service economy only, with everything else farmed out. That's no way to be. Imagine if you relied on your neighbor for all your drinking water, and one day you get in a spat with him. He cuts your water off. What you gonna do? China's already threatened that with rare earth minerals and even pharmaceutical components. While we don't need to keep from farming out anything, we don't need to farm out everything. We need the capability to be able to manufacture what we need for ourselves in a relatively short time.
Maybe it would of been a shorter list of what wasn't affected.
If a company is successful, they wouldn't need a private equity firm buying them or injecting money into them as a partner. Typical PE firms normally buy companies with ways to improve them over a short time, increase their value, sell them, and make profits that way. Sure, turmoil abounds for a while, and the apple cart is upset, but it's usually sink or swim time for a company when PE firms get involved (in the normal fashion). There's usually a reason companies are purchased by PE firms, and it's normally not because they're successful. There are usually 2 ways for the company to go when purchased by a PE firm, and if they know what they're doing, they'll get profitable pretty quick and maybe get sold to a competitor or something and restore their original corporate culture instead of focusing on profit. If they are too aggressive or mis-manage it, they could ruin the company for sure, which is a loss for everyone. But PE firms have to do a better job as well, because if not, they'll get unprofitable pretty quick. They already have something like a 20% PE company bankruptcy rate.
Unless you meant corporate raiders. Whole 'nuther story there. Those guys are a bunch of a-holes. If you're a corporation and see PE firms like Apollo or KKR coming, though...run for the hills.
I do believe these tariffs will work. Granted, I believe they should have been more targeted, but to get them to the table, there needed to be a shock and awe rollout. Main issue, IMO, is that the American consumer doesn't want to ride the rough ride it's going to take to get to the other side, and the main stream media isn't helping to support easing anyone's minds as most take on the role of activists. But to continue as it is, will do nothing but bankrupt the U.S. So if you don't like it now, continue on and see how you like it later. There is also obvious hesitations from the "bad" trader countries that have been leveraging their trading advantage over the U.S. for so long they're not sure how it's going to hose their own economies. For the U.S. to get back to normal business, that means other countries will have to give up something, and that's the sticky point- nobody wants to be first, but nobody wants to be last, either. The further down the list you go as a hold-out, the less of a good deal, if any, you'll see.
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