Tariffs

[Redmt]

That said, whatever happens, happens... we all will survive.

That reminds me of my all time favorite video.

 

[SAJ-99]

I've never ran my own business, well not for my main source of income anyway. so I guess I won't say if I would make it or not. But it is amusing to compare someone who filed bankruptcy 4 times while doing business to literally any lifelong politician who couldn't budget a lemonade stand.

FIFY.
A politician has to answer to voters (which may be part of the problem). He gets to stiff creditors.

 

[Matthew57]

One of the secrets of the state, the cost of living is higher than expected

Post Falls today. Not too bad!

 

[Nick87]

FIFY.
A politician has to answer to voters (which may be part of the problem). He gets to stiff creditors.

Politicians stiff all of us.

 

[SAJ-99]

Politicians stiff all of us.

I felt a lot less stiffed a couple of months ago.

 

[Nick87]

I felt a lot less stiffed a couple of months ago.

Never doubted that for a second.

 

[TOGIE]

The reddit conspirators all think Trump is a Russian asset.

I'm kinda starting to think it's more plausible that he's a Democrat asset sent in to implode the Republican party and leave it in shambles for the next 30 years.

 

[brymoore]

 

[406dn]

If the market was a roller coaster, I'd enjoy that ride more than watching 75k disappear from my retirement nest egg, over two days. I know for a fact it took longer than that to earn it.

What is particularly reassuring is knowing that Trump considered all of the implications, before turning the world's economy upside down.

 

[longbow51]

Still know little about tariffs, but just spoke with my daughter, who is in a large international firm, and they are doing the same as Walmart, making China eat the tariffs.

What stuff they buy from China they could have made almost anywhere, so if China doesn't play, they will buy elsewhere. Also, they are looking at woolen mills in New England for their blanket line.

 

[SAJ-99]

Still know little about tariffs, but just spoke with my daughter, who is in a large international firm, and they are doing the same as Walmart, making China eat the tariffs.

What stuff they buy from China they could have made almost anywhere, so if China doesn't play, they will buy elsewhere. Also, they are looking at woolen mills in New England for their blanket line.

Keep us updated on how this plan works out.

 

[406dn]

Still know little about tariffs, but just spoke with my daughter, who is in a large international firm, and they are doing the same as Walmart, making China eat the tariffs.

What stuff they buy from China they could have made almost anywhere, so if China doesn't play, they will buy elsewhere. Also, they are looking at woolen mills in New England for their blanket line.

Given most low labor cost countries have been hit with significant tariffs, I doubt many will be interested in making a product, with no profit margin. It is more likely that China halts production than to buckle to a company's demand to eat the tariff.

None of us know how this will unfold exactly. The market is saying it might get pretty bad.

 

[thebestusernamesaretaken]

Being retired on a fixed income, I keep waiting and wondering how this all is going to effect us. A couple things I'm glad of is that everything is paid for and we replaced my wife's car last year. Now I'm wondering what all I should pre-buy before I need it. The only thing that comes to mind is tires for my truck. I generally buy Cooper Tires that are made in the USA. I'll guess that the components are imported so they will still be a %25+ increase.
Trump said he was going to lower prices. It doesn't seem to be working out that way. The cost of living has already gone way past our cost of living increase.

You should hurry - the product that was imported prior to implementing the tariffs would not have the increased costs associated with the tariff. It would be only reasonable that a supplier's costs will be adjusted to the new normal to minimize the impact overall. You don't have much time.