Majority of US companies say they have to raise prices due to Trump tariffs

[WEATHER53]

You are correct.

That is why we need the tariffs... to level the playing field for American Workers.

All things being equal, with tariffs offsetting slave wages overseas, making things here will become more attractive.

Yes, prices could tick up on some goods... but those goods will also be higher quality, with much lower environmental pollution, and more middle class blue collar jobs for Americans.

Tariffs imposed by China at 3X what we impose on them was always a disadvantage to the USA
Trump goes to the mat so hard that it damages USA and China wakes up to”Damn, he’s serious” He knew the overkill would get their attention and it has.
Job excellently done!!

 

[ElmerMudd]

You are correct.

That is why we need the tariffs... to level the playing field for American Workers.

All things being equal, with tariffs offsetting slave wages overseas, making things here will become more attractive.

Yes, prices could tick up on some goods... but those goods will also be higher quality, with much lower environmental pollution, and more middle class blue collar jobs for Americans.

There will be more US jobs. A few questions.
-how many. So much of manufacturing has been automated.
-how long will it take. There are many products that have no US manufacturing. It will take equipment and skilled workers. That takes time and capital.
-How high will inflation go.

At the end of the day, the consumer will decide again. Will the benefits outweigh the costs. There will be millions of new jobs but multiple hundred of millions of USA citizens will pay higher prices.
Last time this happened, the majority of consumers took the lower prices over US manufacturing.

 

[ElmerMudd]

Cut me a break. It was manufacturers who saw huge profit margins by taking advantage foreign labor often using children and draconian labor practices.

The US consumer still had the choice to buy US manufactured product or cheaper foreign manufactured product. They chose cheaper product.
If the US consumer would not buy the foreign manufactured product that has higher margins for the manufacturer, they would go back to US manufacturing to get the majority of consumers.

 

[ElmerMudd]

Tariffs imposed by China at 3X what we impose on them was always a disadvantage to the USA
Trump goes to the mat so hard that it damages USA and China wakes up to”Damn, he’s serious” He knew the overkill would get their attention and it has.
Job excellently done!!

That does not take away from my analysis of the amount of tariffs Walmart would pay.

China lowers their tariffs, US manufacturers will sell more product in China but the US consumer will pay more. Either through China product with tariff or higher priced US manufactured product. No way around it.

 

[Tyrion234]

Current inflation numbers don't support the reported price increases. Democrats attempting to gaslight the public----AGAIN.

And social security payments stopped months ago due to DOGE

 

[Delldude]

The US consumer still had the choice to buy US manufactured product or cheaper foreign manufactured product. They chose cheaper product.
If the US consumer would not buy the foreign manufactured product that has higher margins for the manufacturer, they would go back to US manufacturing to get the majority of consumers.

No they didn't. Nixon opened trade to China then Congress passed most favored trade status, manufacturers saw they could produce the goods they sold here in China and other countries then sold their own China produced products here, but much cheaper creating huge profit margins for them.

 

[ThisIsMe]

Majority of US companies say they have to raise prices due to Trump tariffs

Over half (54%) of companies surveyed by insurer Allianz say they will have to raise prices to accommodate cost of tariffs

www.theguardian.com

This must be exciting for maga fans. Its exactly what they voted for. Higher prices.
They do have options. Not buying anything is the main one.
I do feel that the maga herd is in a false sense of security at the moment.

Stockpiling means that the trump recession hasnt kicked in yet. It will when the stock runs out and they have to re-order.

A long hot summer of trump fuelled discontent.

Is there a list of companies they surveyed? They said they surveyed 4500 companies across 9 countries. How many of them were US companies?

also, the only tariffs left are a 10% universal tariff and a 30% on China, right? So the only difference between the UK and the US is the US has 20% more tariffs on china?

 

[ElmerMudd]

No they didn't. Nixon opened trade to China then Congress passed most favored trade status, manufacturers saw they could produce the goods they sold here in China and other countries then sold their own China produced products here, but much cheaper creating huge profit margins for them.

Yes, it is the same today. Stuff can be made in China cheaper in most cases.
Americans are saying bring the jobs back, we will pay more (maybe)
When they opened up China, 1970, US consumers could say we want the jobs here, we are willing to pay more. But the consumer did not do so.
We will see what happens this time.
Too many consumers and voters want their cake and eat it to.


Plus the US economy has been the stongest econmy in the world from 1970 until now. The move to more China manufacturing happened and our economy grew at a faster rate.

 

[Orangecat]

The tariffs belong to donny.

Indeed. A fine tool for the long term benefit of the United States. Hopefully they can replace the income tax.

 

[Maxdeath]

I am part of a consulting group that works with manufacturers and products in the retail marketplace, We work with small to large companies and we work with some companies based internationally. We have 25 plus clients. Everyone of the US companies are being effected negatively.
Most large companies have some products that are manufactured in China and other locations internationally, Many products produced in the US have components that come offshore.
Tariffs have been rolled out slowly over many years. If companies know a head of time about a tariff thet can plan accordingly. Trump gave no notice and changed the tariffs continually making planning impossible. When they have product orded a few months ago, at a certain landed cost, and then when it lands they have to pay a 30% tariff, their. They have committed product and finances are turned upside down.
Consumers complain about 8% inflation, as they should, but expect businesses to absorb 10% to 30%+ and make no changes is hypocritical.
Too many people do not get it.

Oh I get it.
You are waltzing around the fact that almost half are not saying they will up their costs because of tariffs.
Actually I am not a fan of tariffs but I also believe if other countries are going to apply tariffs then they should expect reciprocal tariffs themselves. Now the Chinese are another matter since they steal intellectual property with impunity since there is no way for Americans to address any grievances in a Chinese court of law.

 

[Missourian]

There will be more US jobs. A few questions.
-how many. So much of manufacturing has been automated.
-how long will it take. There are many products that have no US manufacturing. It will take equipment and skilled workers. That takes time and capital.
-How high will inflation go.

At the end of the day, the consumer will decide again. Will the benefits outweigh the costs. There will be millions of new jobs but multiple hundred of millions of USA citizens will pay higher prices.
Last time this happened, the majority of consumers took the lower prices over US manufacturing.

1) If tariffs cause inflation, why do so many countries have tariffs levied against OUR products?

2) Some of us are willing to plant trees under who's shade we will never sit...and some of us only consider what they can do for themselves.

The reckoning comes either way. Either now a little pain with a return of a more stable and expanded economy, or later with a lot of pain and no possibility of rectifying the situation, because we have no leverage.

 

[cnm]

Soon.

You know what they say about money and mouths.

edit...Full disclosure, I gave up Sony Xperia after 2 of their compact models didn't deliver what they promised. Asus Zenfone 9 is what Sony thought they were producing.

edit...I'm happy to buy from the best producer. Is that the US?

 

[Delldude]

Yes, it is the same today. Stuff can be made in China cheaper in most cases.

China didn't have the huge market for US goods until American manufacturers got greedy and sold out their employees to make a fast buck and at the same time, took the blueprints for those goods to China and and now China became direct competitors with the greedy American manufacturers.

And here we are today.

 

[Agincourt]

Is this Tommy guy one of my fellow Brits? WTF is he worrying about prices in America for when back here in his homeland we’ve just woken up to this….

UK inflation soars to 3.5% in fresh blow to Rachel Reeves as April price hikes add pressure to household costs​

He smells like a socialist to me, just been sold out by bunch of them - Labour Government- we’re back taking our orders from the EU, agreed they could continue plundering the fish from British waters, original proposal was for a one year extension, EU was demanding a 4 year deal, after some hard bargaining from our side a 12 year extension was agreed.
Reopening the borders for EU citizens- 27 Nations - allowing YOUTHS up to the age of 30, that’s right 30 years old YOUTHS with wives and kids, to enter UK freely and of course to sweeten the deal even more we are, as usual, going to hand over a shit load of cash.
What are we getting in return you might ask, answer? sweet fuck all.

 

[ElmerMudd]

China didn't have the huge market for US goods until American manufacturers got greedy and sold out their employees to make a fast buck and at the same time, took the blueprints for those goods to China and and now China became direct competitors with the greedy American manufacturers.

And here we are today.

Yes, it is the same today as when manufacturing started to move to China.
Consumers had their choice of supporting made in America at higher prices and have chosen, more often than not, to buy Chinese product at lower costs.
With the new tariffs, Chinese manufactured product will not be cheaper. The American consumer will end up paying a higher price for Chinese goods or buy the more expensive US products that in the past they would not buy because of cost.

The tariffs force buying America but at higher prices.

If you look at it as good or bad, does not matter. It is fact.
Without tariffs the US consumer would follow their buying trends of the past in buying less expensive Chinese goods.

 

[ElmerMudd]

1) If tariffs cause inflation, why do so many countries have tariffs levied against OUR products?

2) Some of us are willing to plant trees under who's shade we will never sit...and some of us only consider what they can do for themselves.

The reckoning comes either way. Either now a little pain with a return of a more stable and expanded economy, or later with a lot of pain and no possibility of rectifying the situation, because we have no leverage.

The world has changed. All countries participate in the global economy.
The US moves to force more manufacturing back to the US may be better for the average American and it may not. Time will tell.

The irony that the tariffs are being implemented by "Republicans', the advocates of a free economy.

This is adding most government control of the economy, in US history.

 

[Delldude]

Yes, it is the same today as when manufacturing started to move to China.

China didn't have a competitive market against American produced goods in the early days of China trade.

The American consumer will end up paying a higher price for Chinese goods or buy the more expensive US products that in the past they would not buy because of cost.

How would that be when China is paying the tariffs to do business here upfront and not passing it on.

 

[ElmerMudd]

Yeah genius it doesn’t work the way you wish and feel

Yo, Weather. I am waiting for a response.

I did make a mistake in that I did the analysis on gross sales. Walmart pays tariff on their costs. Their average margin is 30%. That would make tariffs being paid 269 billion dollars, at their cost. That would be 80 billion in tariffs. That does not count on tariffs paid on products from other countries.
Tell me where I am wrong.

 

[tahuyaman]

Majority of US companies say they have to raise prices due to Trump tariffs​

You mean the tariffs which are on pause?

 

[ElmerMudd]

Majority of US companies say they have to raise prices due to Trump tariffs​

You mean the tariffs which are on pause?

There are paused tariffs and there are many new tariffs that are active.
Trump trys to confuse the world by adding and taking away tariffs weekly. As we sit now there is a new 30% tariff on China and new 10% tariffs on most of the world.

Too complex for MAGA