Stock Market is the bottom in?

[Ben.MN/WI]

Wally CEO said they will pass tariffs / consequences onto customers. If the world's largest retailer openly said that, how many others will be forced into that same stance? Gotta believe with rising prices, folks will tighten up and the "R" word may come into play. The avg. American family - regardless of party affiliation - will feel like they're in a vise. Stocks went up somewhat once tariff dates were pushed back. Any amount of tariffs, be they 10% or 100% - will be paid by consumers. Wondering what will happen when tariffs kick in.

Avg. folks never win. It's planned that way.

Prices will increase for items purchased from China, but goods made in America will stay the same price. Those items should increase their sales, resulting in more good paying manufacturing jobs in the US.

I agree completely that prices will increase with the tariffs as that is the goal - create an incentive to purchase US made goods and increase good jobs because of that.

 

[bwoods11]

Now multiply that over thousand upon thousand of goods across all facets of our life. Inflation is death by a thousand cuts no matter how small.

Yeah please name Chinese must have products sold at Walmart ?

Eggs-nope
Milk-nope
Beef, pork, bacon-no
Bread-nope
Cereal -nope
Water-no
T shirts, underwear… nope
Diapers-no
Baby formula -not sure (doubt it)

 

[Howboutthemdawgs]

Yeah please name Chinese must have products sold at Walmart ?

Eggs-nope
Milk-nope
Beef, pork, bacon-no
Bread-nope
Cereal -nope
Water-no
T shirts, underwear… nope
Diapers-no
Baby formula -not sure (doubt it)

But are we arguing what we need for survival or what we want to have as a benefit of living in a free market economy. We can debate the theory on our consumption for cheap goods…and for the record I think we have wayyy too much cheap junk. Most of it Chinese, and trust me I want to destroy China. But I think it’s not even debatable to say that higher prices due to Chinese tariffs will not have a negative economic impact, maybe short term, but negative nonetheless. The consumer is stretched already and a 10% increase (at best) may be an anvil on a drowning man (Walmart said today they are going to be raising prices despite what the administration said that tariffs won’t be inflationary). Additionally, as I theorized yesterday, rates are going to continue to rise. Talk about a double whammy of bad news.
2 important things I lack. The ability to predict the future and a PhD level understanding of economics. But from 30,000’ I see more reason for pessimism than the contrary. Hope that’s wrong obviously.

 

[Howboutthemdawgs]

Prices will increase for items purchased from China, but goods made in America will stay the same price. Those items should increase their sales, resulting in more good paying manufacturing jobs in the US.

I agree completely that prices will increase with the tariffs as that is the goal - create an incentive to purchase US made goods and increase good jobs because of that.

Want to bring back good jobs…start by not allowing 120,000 cheap Indians to come get paid pennies on the dollar with the h-1b visa. Not bring back a bunch of t shirt manufacturing jobs. We are a service economy, not a third world manufacturing economy. We left that years ago when we realized how to become the wealthiest nation in history.

Meet the new boss…same as the old boss.

https://twitter.com/x/status/1922774728600653942

 

[bwoods11]

I’m not saying some prices won’t go up, but you have to make choices on what you buy? It’s not hard to adjust away from Chinese items unless they are a necessity?

Will this raise prices to the level of 9% inflation like under Biden ? I doubt it . I bet we don’t even get to 3% inflation ?

Gas prices are down …

 

[Ben.MN/WI]

Want to bring back good jobs…start by not allowing 120,000 cheap Indians to come get paid pennies on the dollar with the h-1b visa. Not bring back a bunch of t shirt manufacturing jobs. We are a service economy, not a third world manufacturing economy. We left that years ago when we realized how to become the wealthiest nation in history.

Meet the new boss…same as the old boss.

https://twitter.com/x/status/1922774728600653942

You can do both - restrict visa's for those jobs and also bring back manufacturing in the US through tariffs.

If we are a service economy and WW3 breaks out, how will we do without the ability to make things? We need to have the ability to manufacturer critical goods in the US. I agree with you that T-shirts aren't critical and we can keep getting them from overseas.

Manufacturing in the US is far from 3rd world - it is highly technical and precise. It costs more here because employers pay their employees well - that provides money for employees to spend and circulate back into the economy instead of sending overseas.

 

[Jerry-B-WI]

Yeah please name Chinese must have products sold at Walmart ?

Eggs-nope
Milk-nope
Beef, pork, bacon-no
Bread-nope
Cereal -nope
Water-no
T shirts, underwear… nope
Diapers-no
Baby formula -not sure (doubt it)

I find this a little humorous. All the things on your list are produced in this country. Go buy them and support the American producers of these goods. But realize and remember that all of those goods are produced with products that come from foreign countries, many from China. So when the American producers need repair parts, new machines, fertilizer, fuel, etc. and it comes from a foreign country that has tariffs they will pass the cost on to the American consumer. Untangling this mess is not as simple as a few tariffs that we hope will bring jobs back to this country.

 

[jsasker007]

I know I would be in a much better place if the government would stop stealing 1/3 of every paycheck I will ever have. Don't even want to think about how much better off I would be. Everyone working for a living is getting hosed by the government.

 

[Jerry-B-WI]

Want to bring back good jobs…start by not allowing 120,000 cheap Indians to come get paid pennies on the dollar with the h-1b visa. Not bring back a bunch of t shirt manufacturing jobs. We are a service economy, not a third world manufacturing economy. We left that years ago when we realized how to become the wealthiest nation in history.

Meet the new boss…same as the old boss.

https://twitter.com/x/status/1922774728600653942

Elon claims there's no one in this country smart enough to fill those jobs. That's why we have to let them in on the H1-B's. Of course if we keep filling those jobs with the cheap H1-B's we'll never have enough American citizens who'll get the education to fill those jobs.

 

[jsasker007]

The price of things might be going up. What is new or different about this? Does anyone really think we are being given correct numbers on anything? Why would they start being truthful to us citizens now?

 

[bwoods11]

I find this a little humorous. All the things on your list are produced in this country. Go buy them and support the American producers of these goods. But realize and remember that all of those goods are produced with products that come from foreign countries, many from China. So when the American producers need repair parts, new machines, fertilizer, fuel, etc. and it comes from a foreign country that has tariffs they will pass the cost on to the American consumer. Untangling this mess is not as simple as a few tariffs that we hope will bring jobs back to this country.

Give an example of a Chinese product that has no alternative that is needed to produce (eggs, beef, pork, chicken, cheese, milk, wheat etc..) ?

 

[bwoods11]

I find this a little humorous. All the things on your list are produced in this country. Go buy them and support the American producers of these goods. But realize and remember that all of those goods are produced with products that come from foreign countries, many from China. So when the American producers need repair parts, new machines, fertilizer, fuel, etc. and it comes from a foreign country that has tariffs they will pass the cost on to the American consumer. Untangling this mess is not as simple as a few tariffs that we hope will bring jobs back to this country.

I find it humorous that you never said a negative word when Biden had “Jimmy Carter” like inflation (9%) in one year … but now worried that Walmart has to hike prices on Christmas lights & toys!

 

[4wanderingeyes]

Now multiply that over thousand upon thousand of goods across all facets of our life. Inflation is death by a thousand cuts no matter how small.

Or, buy Made made in America, and not have to pay for Tariffs, and you support your country. Sorry, just a radical thought.

 

[Howboutthemdawgs]

Or, buy Made made in America, and not have to pay for Tariffs, and you support your country. Sorry, just a radical thought.

That’s a narrow view on what makes an economy. Not even North Korea only buys domestically. If individuals want to buy domestic, that’s awesome. But we know on a macro level most people want or have to buy with price in mind. Due to efficiencies, a lot of time imports are cheaper, good or bad. Additionally, good luck. Almost everything, save some locally grown food products, source part or all their good(s) from overseas. Polaris side by sides for example…assembled in the US, with Chinese parts

 

[Jerry-B-WI]

Give an example of a Chinese product that has no alternative that is needed to produce (eggs, beef, pork, chicken, cheese, milk, wheat etc..) ?

I didn't limit it to Chinese products. But where do you suppose the steel, printed circuit boards, components of fertilizer, fuel, filters, dyes, plastic resins, processing equipment etc. come from? I'm also not claiming that there aren't alternatives, just that the alternatives may not be produced in this country, yet. And it'll be a long time and a bunch of money to get those things made in this country.

 

[Jerry-B-WI]

I find it humorous that you never said a negative word when Biden had “Jimmy Carter” like inflation (9%) in one year … but now worried that Walmart has to hike prices on Christmas lights & toys!

Wrong again. I don't like inflation, eats up my retirement funds. And I could give two shits about Christmas lights and toys. And you're right Biden wasn't a good president, I didn't want him either.

 

[SD51555]

Inflation is awful no matter the cause. There should be nobody from any side of the aisle barking about inflation coming from tariffs. If they cared about inflation, they should have been raising hell during covid, after 9/11, 1985, the dot com boom, the housing boom, the housing bust, cash for clunkers, build back better, etc etc etc. All of that inflation came with no benefit. We doubled the cost of everything numerous times and had nothing to show for it except kids who'll never move out, form families, or even try due to the crippling outlook of the cost of the american dream.

At least with tariffs, there should be some benefits. Sure, we can't get a cart full of chinese goods produced by Uyghur slaves for $30 anymore, but mom and dad might get to keep their jobs. This is in stark contract to mainstreets of every small town in america being either vacant or half occupied by antique shops not even generating enough rent to upkeep the buildings.

If tariffs are done right, we should receive back the tariff money in the form of reduced domestic taxes and jobs retained or even gained. But if we keep on pissing away money on recreational genocide in south america, the middle east, europe, asia, and africa, it'll all be for nothing.

 

[Barndog56]

My employer buys lots of steel sheet metal, and copper bus bar, often from overseas. The CFO said at our quarterly meeting a couple of weeks ago that we've yet to pay a tariff, and don't see any tariff costs in the future. Apparently lots of things get exemptions.

 

[Brian662]

Every purchase order I have placed at work over the past month+ gets a response email with a tariff price increase. Anywhere from 2.5 to 7% so far.

 

[Buckly]

I was at the grocery the other day and there was a big sign on the bananas that said they get them from Honduras and that the price is reflective of increased costs do to new tariffs . The search I found is that the wholesale price of bananas was going up 4. cents a crate, so I think we’re good there. LOL. I’ve never paid attention to the price before so I wouldn’t have any idea how it relates to what they’re charging now. I just buy what I want. No tax on tips, no tax on SS, no tax on overtime, gas prices are down. I’m in. And I only buy clothes about every ten years or so. LOL.