Exactly...Most of the posters seem to believe only retail prices on affected goods will rise. I believe many retailers will see this as an option to increase prices on goods in general.
Sounds like to might be time to find some alternatives Aerides. At least until changes are made that will bring the offending countries in to compliance.
Does not really matter. US producers will raise prices as well, choosing to capture margin vs. market share. We are giving free money to US producers for the domestic market while taking it from US producers for foreign markets who will face countervailing duties from the targeted countries.
I've read a couple hundred articles since I saw that last week so no way to remember where I saw it.
Except I know there is none. I attend international trade conferences every year, I know exactly what is out there in this small niche marketplace, across 100's of suppliers. I look at new products every year as well, this is artistry and design, and cannot be copied without IP issues (nor should it be). If I can't buy their items, I have to discontinue my products, and my revenue. I would instead buy fewer, sell fewer, hopefully, at a slightly higher price. Nobody wins.
This wasn’t front running the tariffs. It was due to fewer avocados harvested in 2024. Well ahead of any tariff announcements.
www.dealershipguy.com
3% is a lot when thrown on top of all the inflation we've already had and are still having. But I think it will be more than that. It's not just the products you buy which are basically fully produced in those countries, but even parts or source material for products assembled here for the the equipment used here for providing various goods. I heard a new truck may increase $10,000. A cell phone over $200. Someone here earlier mentioned that housing, healthcare, and insurance would be unaffected. But they rely on imported products. And insurance - as if all the disasters weren't bad enough, many building materials or source material is imported. Those insurance bills have doubled in recent years and are seeing upward pressure for multiple reasons now. And as others have said, many others will use it as an excuse to raise prices even if their personal cost to produce doesn't go up as much.
Adjust = As someone else said, they would be going without something else because what they need costs more. And for many low income Americans, it will mean going without something they need because they need something else more. They are the ones that will be feeling the worst of this tariff tax increase on Americans. And others will have to cut back on discretionary and saving.
Well "just raising prices" is not like post COVID. Now after those hikes there is significant resistance to higher prices. Consumers are not ok with this.
Looks like time to buy some stocks!
Maybe not. I've heard tariffs may be increased and additional tariffs.
So are you okay with taking advantage of us like that?
It's a market. If enough people won't pay my price to buy from me, then I'll have to reduce it in order to sell my goods. The incentive of all sellers is to charge the highest price the market will bear and the incentive for all buyers is pay as little as they can to get what they want. I'm a business, not a charity.
So if your business suffers during these trying times we should not care one bit since you are not a charity. Sounds good to me. And as a business you should not expect or accept charity from anyone who we're not allowed to mention here.
Yes, all the toilet seats automatically heated up when you sat on them. I bet they lollygag in the bathroom because it's too comfy.
If we weren't stupidly engaging in tariff wars, no one would need assistance. Most economists have agreed about the theory of comparative advantage since the days of David Ricardo in the early 19th Century - that everyone in the world benefits when each country produces what it can best produce for the lowest price and then sells to other countries, and vice versa. Autarky - a completely self sufficient society that does not need to trade with other countries for anything - has never been achieved, and I suspect it never will. Tariffs raise prices and reduce output for everyone.
I've heard there is already progress with the countries involved. We hear lots of stuff.
