National
|
[
National ] [ Main Menu ] |
|
|
|
443795 |
|
|
Date: November 06, 2024 at 21:01:31
From: The Hierophant, [DNS_Address]
Subject: Get Ready for much much higher prices |
URL: https://www.msn.com/en-us/money/markets/trump-s-proposed-tariffs-could-raise-prices-for-consumers-and-slow-spending/ar-AA1tDnAX?ocid=hpmsn&cvid=9a4e3a3fdf80472be5d23628c7e2a51a&ei=23 |
|
on most everyday items if those promised tariffs are put into place Because basic economics says, tariffs = higher consumer prices because somebody has to pay for them. So if you thought things were expensive now, wait until....
From the article: "For consumers, tariffs could contribute to more sticker shock on a wide variety of purchases — from car repairs to toys — just as inflation cools. Some companies, including AutoZone, have already told investors that they will raise prices to cover the additional costs.
"If we get tariffs, we will pass those tariff costs back to the consumer," AutoZone CEO Philip Daniele said on an earnings call in late September. He said the company typically hikes prices ahead of tariffs going into effect.
"Customers could also pay more for a six-pack of beer, a bottle of Scotch, or even a pack of Oreos, thanks to tariffs.
Analysts from equity research firm TD Cowen pointed to a few at-risk companies, including Constellation Brands, which makes its beers Corona Extra and Modelo Especial; liquor company Diageo, which imports tequila from Mexico and Scotch from Scotland; and Mondelez, which makes some of its cookies and snacks in Mexico.
Shoes for adults and kids would cost more, too, if Trump's proposed tariffs go into effect, said Matt Priest, CEO of Footwear Distributors and Retailers of America, a trade group that counts Nike, Walmart and others as members.
About 99% of all footwear sold in the U.S. is made overseas, he said, and it would be difficult to move a meaningful chunk of that production back to the States, even if a cost penalty is tacked on.
"Count us skeptical that there's a pathway for us to figure out how to make two and a half billion pairs of shoes in the U.S. every year," he said.
"The rate of inflation is declining," he said. "It would be counterproductive to then turn around and go back to pulling one of those inflationary levers, which would be additional tariffs, at a time when the consumer's telling all of us, both politically on last night's results, as well as from a consumer perspective: 'We don't want higher prices.'"
|
|
|
|
Responses:
[443833] |
|
443833 |
|
|
Date: November 07, 2024 at 09:59:12
From: Redhart, [DNS_Address]
Subject: Re: Get Ready for much much higher prices |
|
|
yes...the economy is about to tank, not only with tariffs..but when other countries put tariffs on us and effects our manufacturing. The suck of millions of workers out of our economy will also hurt us. Our GDP will plummet. They'll use that to cut even more services and programs or eliminate even more departments.
buckle in.
The magas just got what they wanted: to destroy themselves along with everyone else.
Elon and Bezos will be okay, though. They and the oil companies will get all their tax breaks and deregulation as promised.
We'll pay for those too.
So, let's review.
Magas complained that our economy, best economy in the world, was terrible because Trump told them so.
Trump will now slide us into a recession or maybe even a depression to fix the best economy in the world.
He's vowed to cut overtime, get rid of unions, deport workers (illegal and just citizens who looked like illegals), make all those workers pay more for everything (tariff/tax) so he can give all his buddies and himself little or no taxes. Then if you whine, he'll tell you to send your kids to work too, to help..they don't need school (they'll be cutting the education department anyway..and vouchers will not cover a real school) and take away regulations and protections that help keep workers safe. They'll be cutting the aca, so many will have no insurance again (estimated about 12 million), or will now have junk policies that don't cover everything, so if they DO get sick or injured because of lax work practices, they're screwed now.
Disposable workers. Just what the oligarchs want.
Minimum wages may also be cut in red states. buh-buy wage increases.
And without unions, you have no voice.
and don't protest it..the national guard or military may shoot you in the leg.
Guess this is what maga wanted. They wanted Trump and his oligarchs to screw them and their families over to "show those libs".
Now, will they storm the capital when they find out how duped they were?
|
|
|
|
Responses:
None |
|
[
National ] [ Main Menu ] |