Tariffs are getting real

[hooligan]

There's no doubt some folks want cheap while others want what's best for the country.
I just thought your made up statistic was cute.

Not made up, anecdotal from my company's experience. I run the P&L so I get to see where spend is and what the US consumer is buying

[justletmein]

There's no doubt democrats and hood rats want cheap while others want what's best for the country.
I just thought your made up statistic was cute.

fify

[Landrover]

Always interesting to read these threads. I know we held flat during the entire covid years to help our customers. Once we updated our prices "slowly" we caught heck from those same customers we tried to help out during the pandemic. For us that will not be the case this time. As the OP noted we are getting those same type of emails and letters from our vendors. Do I agree there are inequities in the current trade agreements.....YES. Do I agree with the way we are going about "balancing" the trade concerns..........NOPE! From a pure historical macro-economics view I do not see it working out as stated, but I will be happy to be proven wrong.

[ThisLadyHunts]

Always interesting to read these threads. I know we held flat during the entire covid years to help our customers. Once we updated our prices "slowly" we caught heck from those same customers we tried to help out during the pandemic. For us that will not be the case this time. As the OP noted we are getting those same type of emails and letters from our vendors. Do I agree there are inequities in the current trade agreements.....YES. Do I agree with the way we are going about "balancing" the trade concerns..........NOPE! From a pure historical macro-economics view I do not see it working out as stated, but I will be happy to be proven wrong.

Please expound, sit. Not a challenge, just hoping to broaden our knowledge.

[trophy8]

Always interesting to read these threads. I know we held flat during the entire covid years to help our customers. Once we updated our prices "slowly" we caught heck from those same customers we tried to help out during the pandemic. For us that will not be the case this time. As the OP noted we are getting those same type of emails and letters from our vendors. Do I agree there are inequities in the current trade agreements.....YES. Do I agree with the way we are going about "balancing" the trade concerns..........NOPE! From a pure historical macro-economics view I do not see it working out as stated, but I will be happy to be proven wrong.

But dang it at least he’s trying! I’ll give him that much.

[Landrover]

Please expound, sit. Not a challenge, just hoping to broaden our knowledge.

In 1930 President Hoover put a huuuge tariff on our global trading partners. It went south quickly and is considered one of the key markers which lengthened the Great Depression per historians. Economics do tend to be cyclical so I am not going to bet the farm.

[ThisLadyHunts]

In 1930 President Hoover put a huuuge tariff on our global trading partners. It went south quickly and is considered one of the key markers which lengthened the Great Depression per historians. Economics do tend to be cyclical so I am not going to bet the farm.

Interesting. Did not know about Hoover’s tariffs and their impact on the Great Depression. Plan to do some reading up on it.

[Landrover]

But dang it at least he’s trying! I’ll give him that much.

Yep, I will definitely give him that much also...
But, international monetary economics have a heck of a track record of saying don't try that. We are just trying to get ahead of the "potential" for COGS getting out of hand. America does have trade issues with a lot of global trading partners but we don't have an issue with ALL of them. Using a scalpel not a axe would have made this much more efficient........ and probably a greater chance of being effective. We are all in this boat, so I can only hope the President is right in his decision concerning global reaction.

[Landrover]

Interesting. Did not know about Hoover’s tariffs and their impact on the Great Depression. Plan to do some reading up on it.

Smoot - Hawley Tariff Act if I am spelling their names correctly. It was just another notch in that slippery slope in our grandparents/great grandparents lives. No idea why we want to repeat that type of protectionism......but YES some level of protecting may be in order.

[dosrobles]

Smoot - Hawley Tariff Act if I am spelling their names correctly. It was just another notch in that slippery slope in our grandparents/great grandparents lives. No idea why we want to repeat that type of protectionism......but YES some level of protecting may be in order.

That is correct. But in 1954 President Eisenhower enacted tarrifs and it was generally beneficial to our economy. In general I do not agree with President Trump’s approach (shocke r). What is absolutely true is that you can not rely on people that are trying to kill you! Allowing fentanyl dealers to provide pharmaceuticals is insane just like allowing people who war game you to build critical infrastructure is insane. I wish this had been focused on China and showed more planning. What I pray for and what I’d bet on are two different things

[M16]

Smoot - Hawley Tariff Act if I am spelling their names correctly. It was just another notch in that slippery slope in our grandparents/great grandparents lives. No idea why we want to repeat that type of protectionism......but YES some level of protecting may be in order.

Maybe things have changed a tad bit in almost 100 years. You think?

[Landrover]

That is correct. But in 1954 President Eisenhower enacted tarrifs and it was generally beneficial to our economy. In general I do not agree with President Trump’s approach (shocke r). What is absolutely true is that you can not rely on people that are trying to kill you! Allowing fentanyl dealers to provide pharmaceuticals is insane just like allowing people who war game you to build critical infrastructure. I wish this had been focused on China and showed more planning. What I pray for and what I’d bet on are two different things

Eisenhower's time in the oval office when dealing with the global economy was on maintaining and strengthening free trade agreements rather than imposing tariffs actually. Oddly, he even authorized tariff reductions through negotiation with other countries....duh. Free trade was his thing for economic growth and greater international relations. Yep, China is a huuuuge problem (on multiple fronts) and could have easily been the laser focus of tariff concerns without throwing the world into a tizzy (most notable R or D policy wonks agree). After putting them in their place, then take on the next scoundrel.......so forth and so on! I agree with the Presidents GOALs but the tactics are, well.......strange.

[trophy8]

Maybe things have changed a tad bit in almost 100 years. You think?

Absolutely correct. We can’t compare even 10 years ago to today.

[justletmein]

All this talk about the merits of tariffs is completely irrelevant, Trump is just using some strong arm negotiation tactics he's not mindlessly slapping tariffs on stuff and hoping the tariffs themselves help anything. They're largely gonna be temporary. Relax and let the bully negotiate for us.

[justletmein]

double post