Author Topic: Tariff Insanity  (Read 64121 times)

Freedomin5

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Re: Tariff Insanity
« Reply #600 on: April 18, 2025, 09:15:51 PM »
But you save on the cost of the actual good because you are essentially cutting out the middleman.

For example, if you typically buy an Abercrombie shirt from Abercrombie for $60, that includes Abercrombie’s 300% mark up. But if you buy from the manufacturer, you save on the mark up even if you have to pay the tariff.

Case in point, I can usually find name brand items from the Chinese manufacturer for 1/5 the retail price. Even with a 145% tariff, it’s still cheaper than buying that same item at the store in Canada.

Some enterprising Americans will figure out if they batch orders, they will be able to figure out a way to minimize expenses and save money purchasing goods overseas, even if they have to pay a minimum tariff fee.

Admittedly, I have no idea what the law is in your country. In my case if the brand is registered in my country regulations would apply. You cannot just import a brand without the brands approval.

I’m not sure either. What if it’s not branded? Or if it’s an overstock? Or a reject because the color was slightly off? Or has minor defects and the brand refused to accept delivery and so it’s just sitting in the factory? A lot of those cast offs get sold by the factory because the brand doesn’t want them.

LennStar

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Re: Tariff Insanity
« Reply #601 on: April 19, 2025, 12:51:21 AM »
But you save on the cost of the actual good because you are essentially cutting out the middleman.

For example, if you typically buy an Abercrombie shirt from Abercrombie for $60, that includes Abercrombie’s 300% mark up. But if you buy from the manufacturer, you save on the mark up even if you have to pay the tariff.

Case in point, I can usually find name brand items from the Chinese manufacturer for 1/5 the retail price. Even with a 145% tariff, it’s still cheaper than buying that same item at the store in Canada.

Some enterprising Americans will figure out if they batch orders, they will be able to figure out a way to minimize expenses and save money purchasing goods overseas, even if they have to pay a minimum tariff fee.

Admittedly, I have no idea what the law is in your country. In my case if the brand is registered in my country regulations would apply. You cannot just import a brand without the brands approval.

I’m not sure either. What if it’s not branded? Or if it’s an overstock? Or a reject because the color was slightly off? Or has minor defects and the brand refused to accept delivery and so it’s just sitting in the factory? A lot of those cast offs get sold by the factory because the brand doesn’t want them.
In that case all what I know about brands indicate that they would have ordered those things destroyed, not to be sold for cheap to give the brand a cheap and bad quality image.

Freedomin5

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Re: Tariff Insanity
« Reply #602 on: April 19, 2025, 02:35:22 AM »
But you save on the cost of the actual good because you are essentially cutting out the middleman.

For example, if you typically buy an Abercrombie shirt from Abercrombie for $60, that includes Abercrombie’s 300% mark up. But if you buy from the manufacturer, you save on the mark up even if you have to pay the tariff.

Case in point, I can usually find name brand items from the Chinese manufacturer for 1/5 the retail price. Even with a 145% tariff, it’s still cheaper than buying that same item at the store in Canada.

Some enterprising Americans will figure out if they batch orders, they will be able to figure out a way to minimize expenses and save money purchasing goods overseas, even if they have to pay a minimum tariff fee.

Admittedly, I have no idea what the law is in your country. In my case if the brand is registered in my country regulations would apply. You cannot just import a brand without the brands approval.

I’m not sure either. What if it’s not branded? Or if it’s an overstock? Or a reject because the color was slightly off? Or has minor defects and the brand refused to accept delivery and so it’s just sitting in the factory? A lot of those cast offs get sold by the factory because the brand doesn’t want them.
In that case all what I know about brands indicate that they would have ordered those things destroyed, not to be sold for cheap to give the brand a cheap and bad quality image.

Seems like such a waste to destroy perfectly good clothing just because the shade of yellow is slightly off and not exactly this season’s “mustard yellow”.

LennStar

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Re: Tariff Insanity
« Reply #603 on: April 19, 2025, 05:12:03 AM »
Seems like such a waste to destroy perfectly good clothing just because the shade of yellow is slightly off and not exactly this season’s “mustard yellow”.
You freaking communist! Putting efficient supply over efficient money making! You are so un-american!

But yes, it's such a pain how much food or clothes are getting thrown away that are still totally useable. Maybe American Conusmerism will (temporarily) change with that too if there are no clothes brought into the country anymore or even fast fashion costs 20 dollar a t-shirt.


reeshau

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Re: Tariff Insanity
« Reply #604 on: April 19, 2025, 08:27:42 AM »
The Wall Street Journal ran an article yesterday saying that the only reason "Liberation Day" tariffs got a pause is that Pete Navarro had a meeting elsewhere in the White House, giving Bessent and Lutnick a chance to meet the President without him.

It's as if the Wizard of Oz had a bunch of different people taking turns in the hidden control booth.   No wonder it doesn't make sense.

Travis

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Re: Tariff Insanity
« Reply #605 on: April 19, 2025, 11:57:59 AM »
The Wall Street Journal ran an article yesterday saying that the only reason "Liberation Day" tariffs got a pause is that Pete Navarro had a meeting elsewhere in the White House, giving Bessent and Lutnick a chance to meet the President without him.

It's as if the Wizard of Oz had a bunch of different people taking turns in the hidden control booth.   No wonder it doesn't make sense.

Trump acts on the last person to talk to him. He held a press conference the other day where he admitted he hadn't seen the Garcia evidence, but "they tell me its bad." By the end of the day he's holding up photoshopped pictures of the guy's hand pointing out his tattoos.

Christof

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Re: Tariff Insanity
« Reply #606 on: April 19, 2025, 03:25:45 PM »
Seems like such a waste to destroy perfectly good clothing just because the shade of yellow is slightly off and not exactly this season’s “mustard yellow”.

Yeah, that would be such a waste... But that's not what we are talking about. Volkswagen shipping all their electric vehicles to the US with a Tesla T and pretending them to be special made Teslas (or Fords or GMs, the other two big remaining US companies).

Travis

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Re: Tariff Insanity
« Reply #607 on: April 21, 2025, 09:46:28 AM »
Allegedly the Japanese delegation that Trump made such a big deal about already went home because the US reps they met with didn't know what they wanted to get out of the meeting.

https://bsky.app/profile/bryanth2o.bsky.social/post/3lndd4rbgys2n

reeshau

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Re: Tariff Insanity
« Reply #608 on: April 21, 2025, 09:55:33 AM »
Allegedly the Japanese delegation that Trump made such a big deal about already went home because the US reps they met with didn't know what they wanted to get out of the meeting.

https://bsky.app/profile/bryanth2o.bsky.social/post/3lndd4rbgys2n

Lol!  Of course, they Want Trump to be happy.  Whatever that means at the moment.  Can't the Japanese understand something so simple!?!

bacchi

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Re: Tariff Insanity
« Reply #609 on: April 21, 2025, 09:57:23 AM »
Allegedly the Japanese delegation that Trump made such a big deal about already went home because the US reps they met with didn't know what they wanted to get out of the meeting.

https://bsky.app/profile/bryanth2o.bsky.social/post/3lndd4rbgys2n

If you're a negotiator from the Trump school, you expect others to just throw offerings at your feet just because.

LennStar

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Re: Tariff Insanity
« Reply #610 on: April 21, 2025, 10:45:19 AM »
Allegedly the Japanese delegation that Trump made such a big deal about already went home because the US reps they met with didn't know what they wanted to get out of the meeting.

https://bsky.app/profile/bryanth2o.bsky.social/post/3lndd4rbgys2n

If you're a negotiator from the Trump school, you expect others to just throw offerings at your feet just because.
Considering the Japanese... understanding that people need to read the room, it's hard to imagine someone further away from them than Trump.

Travis

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Re: Tariff Insanity
« Reply #611 on: April 22, 2025, 11:14:52 AM »
Market up today due to Bessent telling CEOs that the trade war with China is unsustainable and has to end sometime. Not that they have a plan, or that they're having productive negotiations. Just that it can't go on.

RetiredAt63

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Re: Tariff Insanity
« Reply #612 on: April 22, 2025, 02:10:32 PM »
Market up today due to Bessent telling CEOs that the trade war with China is unsustainable and has to end sometime. Not that they have a plan, or that they're having productive negotiations. Just that it can't go on.

Hmm if he isn't saying that about Canada we aren't trying hard enough.

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Re: Tariff Insanity
« Reply #613 on: April 22, 2025, 03:52:23 PM »
Market up today due to Bessent telling CEOs that the trade war with China is unsustainable and has to end sometime. Not that they have a plan, or that they're having productive negotiations. Just that it can't go on.

Hmm if he isn't saying that about Canada we aren't trying hard enough.

We are slightly distracted by one of the most important elections in the history of the country. How hard we try to resist will be determined on Monday.

RetiredAt63

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Re: Tariff Insanity
« Reply #614 on: April 22, 2025, 08:37:43 PM »
Market up today due to Bessent telling CEOs that the trade war with China is unsustainable and has to end sometime. Not that they have a plan, or that they're having productive negotiations. Just that it can't go on.

Hmm if he isn't saying that about Canada we aren't trying hard enough.

We are slightly distracted by one of the most important elections in the history of the country. How hard we try to resist will be determined on Monday.

Yeah.  Monday night will be drink night.  Or high BP night.

sonofsven

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Re: Tariff Insanity
« Reply #615 on: April 23, 2025, 05:10:18 AM »
Allegedly the Japanese delegation that Trump made such a big deal about already went home because the US reps they met with didn't know what they wanted to get out of the meeting.

https://bsky.app/profile/bryanth2o.bsky.social/post/3lndd4rbgys2n
Remember, all they need are "concepts of a plan", that's coming straight from the top.

41_swish

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Re: Tariff Insanity
« Reply #616 on: April 23, 2025, 10:31:27 AM »
What is even happening anymore? Did the republicans finally get through to Trump that starting a trade war is bonkers?

bacchi

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Re: Tariff Insanity
« Reply #617 on: April 23, 2025, 10:38:06 AM »
What is even happening anymore? Did the republicans finally get through to Trump that starting a trade war is bonkers?

Maybe? One of Trump's other negotiating tactics is the "Lucy football pull." It makes the other party want to concede even more, like Japan or Canada or China have.

Really, though, I think he follows whoever praised him last.
« Last Edit: April 23, 2025, 10:41:26 AM by bacchi »

rocketpj

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Re: Tariff Insanity
« Reply #618 on: April 23, 2025, 11:11:08 AM »
Not sure about the rest of the world, but I know that as Trump relates to Canada everything he was saying was sabotaging his preferred outcome for the next government.  So someone told him to shut up for a few days.  If I felt like betting I'd be putting money on him starting up with his 51st state annexation talk again the day after our election (next Monday). 

All he knows how to do is bully and bluster.  It isn't working, but he doesn't have any other skills, so he'll keep doing it.  Meanwhile the bond market is quietly but rapidly sinking, as is the US dollar and US equities.

reeshau

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Re: Tariff Insanity
« Reply #619 on: April 23, 2025, 11:20:00 AM »
What is even happening anymore? Did the republicans finally get through to Trump that starting a trade war is bonkers?

Maybe? One of Trump's other negotiating tactics is the "Lucy football pull." It makes the other party want to concede even more, like Japan or Canada or China have.

Really, though, I think he follows whoever praised him last.
See my prior post.  It is literally about who has Trump's ear, at the moment.

The Wall Street Journal ran an article yesterday saying that the only reason "Liberation Day" tariffs got a pause is that Pete Navarro had a meeting elsewhere in the White House, giving Bessent and Lutnick a chance to meet the President without him.

It's as if the Wizard of Oz had a bunch of different people taking turns in the hidden control booth.   No wonder it doesn't make sense.

Travis

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Re: Tariff Insanity
« Reply #620 on: April 23, 2025, 01:34:24 PM »
Story on Trump's journey through thinking about firing Powell

https://www.wsj.com/economy/trump-jerome-powell-fed-e8f8f98b

https://archive.li/VCnQk

ChpBstrd

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Re: Tariff Insanity
« Reply #621 on: April 23, 2025, 02:27:24 PM »
What is even happening anymore? Did the republicans finally get through to Trump that starting a trade war is bonkers?
Insider trading is happening. Anyone have a better explanation?

RetiredAt63

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Re: Tariff Insanity
« Reply #622 on: April 23, 2025, 04:10:14 PM »
What is even happening anymore? Did the republicans finally get through to Trump that starting a trade war is bonkers?
Insider trading is happening. Anyone have a better explanation?

Apparently the Walmart CEO got to him and told him shelves are empty.  Walmart was a bigly contributor to his campaign. 

rocketpj

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Re: Tariff Insanity
« Reply #623 on: April 23, 2025, 04:24:19 PM »
What is even happening anymore? Did the republicans finally get through to Trump that starting a trade war is bonkers?
Insider trading is happening. Anyone have a better explanation?

Apparently the Walmart CEO got to him and told him shelves are empty.  Walmart was a bigly contributor to his campaign.

Walmart shareholders likely have a case for malfeasance if the company was a big contributor.  It isn't like he 'suddenly' started talking about tariffs.  He's been talking about it for years, every single day.

MaybeBabyMustache

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Re: Tariff Insanity
« Reply #624 on: April 23, 2025, 07:27:11 PM »
Market up today due to Bessent telling CEOs that the trade war with China is unsustainable and has to end sometime. Not that they have a plan, or that they're having productive negotiations. Just that it can't go on.

Hmm if he isn't saying that about Canada we aren't trying hard enough.

We are slightly distracted by one of the most important elections in the history of the country. How hard we try to resist will be determined on Monday.

Yeah.  Monday night will be drink night.  Or high BP night.

Before the US election, the description I resonated with was, "The entire country is collectively waiting for the results of an STD test." - may the force be with you, our neighbors to the north.

bacchi

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Re: Tariff Insanity
« Reply #625 on: April 23, 2025, 09:44:28 PM »
That was a brief reprieve. Trump must've talked to his pro-tariff advisors again.

[quote author=https://www.cnn.com/2025/04/23/business/new-tariffs-trump-weeks/index.html
President Donald Trump said Wednesday that he could re-impose “reciprocal” tariffs on some countries in as soon as two or three weeks, a potentially significant re-escalation of the global trade war that has already raised fears of a US and global recession.
[/quote]

GuitarStv

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Re: Tariff Insanity
« Reply #626 on: April 24, 2025, 07:08:25 AM »
I wish we could just drop the 'reciprocal' part of this.  Just because Trump lies about his tariffs this way doesn't mean we all have to go along with it.

RetiredAt63

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Re: Tariff Insanity
« Reply #627 on: April 24, 2025, 07:48:13 AM »
I wish we could just drop the 'reciprocal' part of this.  Just because Trump lies about his tariffs this way doesn't mean we all have to go along with it.

He's also started up on 51st state garbage again.  Oh, reminds people what our next government will be facing after the election.  Which polls say may be dec8ded by BC voters.

I keep looking at him and wondering which will hit first, a heart attack or a stroke?  I'd lay odds he's on anticoagulants.

GuitarStv

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Re: Tariff Insanity
« Reply #628 on: April 24, 2025, 07:56:24 AM »
I wish we could just drop the 'reciprocal' part of this.  Just because Trump lies about his tariffs this way doesn't mean we all have to go along with it.

He's also started up on 51st state garbage again.  Oh, reminds people what our next government will be facing after the election.  Which polls say may be dec8ded by BC voters.

I keep looking at him and wondering which will hit first, a heart attack or a stroke?  I'd lay odds he's on anticoagulants.

But Trump is 6'3, 215 lbs . . .


:P

RetiredAt63

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Re: Tariff Insanity
« Reply #629 on: April 24, 2025, 08:03:41 AM »
I wish we could just drop the 'reciprocal' part of this.  Just because Trump lies about his tariffs this way doesn't mean we all have to go along with it.

He's also started up on 51st state garbage again.  Oh, reminds people what our next government will be facing after the election.  Which polls say may be dec8ded by BC voters.

I keep looking at him and wondering which will hit first, a heart attack or a stroke?  I'd lay odds he's on anticoagulants.

But Trump is 6'3, 215 lbs . . .


:P

Yeah, no, eh.

reeshau

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Re: Tariff Insanity
« Reply #630 on: April 24, 2025, 03:30:51 PM »
I wish we could just drop the 'reciprocal' part of this.  Just because Trump lies about his tariffs this way doesn't mean we all have to go along with it.

I don't say it because I believe the words.  To me, it's just shorthand for "the tariffs he put on everybody, after he was done (foe the moment) putting tariffs on specific countries and things.

But, I do see the point where reciprocal could be seen as affirming the lie.

rocketpj

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Re: Tariff Insanity
« Reply #631 on: April 24, 2025, 08:52:19 PM »
Things will start getting real in about 8-10 days when the container ships stop arriving.  Meanwhile Trump and his fans continue to believe they are winning at this nonsense.

It takes ~14-40 days for a container to get from China to the West Coast of the US.  Many of those ships never departed and won't arrive next week.  The items on shelves right now were shipped pre-'Liberation day'.  Many shipments have been cancelled since, more than in the same time period in 2020 at the beginning of Covid.

Trump owns this.  It is entirely created by him and his policies.  In two weeks when prices spike and the shelves start being emptier than before, it needs to be defined as the 'Trump crisis'.  It is 100% Trump and his 2025 enablers, they started it, they wanted it , they created it. 

reeshau

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Re: Tariff Insanity
« Reply #632 on: April 24, 2025, 08:58:33 PM »
Things will start getting real in about 8-10 days when the container ships stop arriving.  Meanwhile Trump and his fans continue to believe they are winning at this nonsense.

It takes ~14-40 days for a container to get from China to the West Coast of the US.  Many of those ships never departed and won't arrive next week.  The items on shelves right now were shipped pre-'Liberation day'.  Many shipments have been cancelled since, more than in the same time period in 2020 at the beginning of Covid.

Trump owns this.  It is entirely created by him and his policies.  In two weeks when prices spike and the shelves start being emptier than before, it needs to be defined as the 'Trump crisis'.  It is 100% Trump and his 2025 enablers, they started it, they wanted it , they created it.

Trumpandemic?

Live from VesselFinder:

Port of Los Angeles is located in United States (USA) at 33.7163N, 118.2644W.
49 vessels have arrived within the past 24 hours and 50 ships are expected to arrive in the next 30 days.

blue_green_sparks

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Re: Tariff Insanity
« Reply #633 on: April 24, 2025, 09:03:28 PM »
I gathered that many of the MAGA hardcore, conspiracy, Q-types are expecting $5K "stimulus" checks because of all this tariff and DOGE money, LOL. These Trump chumps may wanna hold off on their little Y~M~C~A happy dance.

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Re: Tariff Insanity
« Reply #634 on: April 24, 2025, 09:11:33 PM »
Things will start getting real in about 8-10 days when the container ships stop arriving.  Meanwhile Trump and his fans continue to believe they are winning at this nonsense.

It takes ~14-40 days for a container to get from China to the West Coast of the US.  Many of those ships never departed and won't arrive next week.  The items on shelves right now were shipped pre-'Liberation day'.  Many shipments have been cancelled since, more than in the same time period in 2020 at the beginning of Covid.

Trump owns this.  It is entirely created by him and his policies.  In two weeks when prices spike and the shelves start being emptier than before, it needs to be defined as the 'Trump crisis'.  It is 100% Trump and his 2025 enablers, they started it, they wanted it , they created it.

Trumpandemic?

Live from VesselFinder:

Port of Los Angeles is located in United States (USA) at 33.7163N, 118.2644W.
49 vessels have arrived within the past 24 hours and 50 ships are expected to arrive in the next 30 days.
That's  down 29% week-over-week, according to Port Optimizer, a tracking system for ships. Year-over-year, the data shows a 44% drop in vessels scheduled to arrive the week of May 4-May 10.
https://www.cnbc.com/2025/04/22/busiest-us-ports-see-big-drop-in-chinese-freight-vessel-traffic.html

bacchi

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Re: Tariff Insanity
« Reply #635 on: April 24, 2025, 09:21:03 PM »
Things will start getting real in about 8-10 days when the container ships stop arriving.  Meanwhile Trump and his fans continue to believe they are winning at this nonsense.

It takes ~14-40 days for a container to get from China to the West Coast of the US.  Many of those ships never departed and won't arrive next week.  The items on shelves right now were shipped pre-'Liberation day'.  Many shipments have been cancelled since, more than in the same time period in 2020 at the beginning of Covid.

Trump owns this.  It is entirely created by him and his policies.  In two weeks when prices spike and the shelves start being emptier than before, it needs to be defined as the 'Trump crisis'.  It is 100% Trump and his 2025 enablers, they started it, they wanted it , they created it.

Trumpandemic?

Live from VesselFinder:

Port of Los Angeles is located in United States (USA) at 33.7163N, 118.2644W.
49 vessels have arrived within the past 24 hours and 50 ships are expected to arrive in the next 30 days.

CNBC reports: " Measured in shipping containers, a total of 62,568 TEUs (twenty-foot equivalent units) are arriving the week of May 4-May 10, versus 120,608 TEUs as recently as the week of April 20-April 26." (bolded) LA had 778k TEUs in March 2025 and 770k in April 2024, for reference.

I'm assuming that's not a seasonal or the usual start-of-month drop.

Are China tariffs still active? I can't keep up with the changes.

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Re: Tariff Insanity
« Reply #636 on: April 28, 2025, 01:00:41 PM »
Farmers starting to feel the effects of this trade war, GOP House wants to cut back on farm aid, Trump mulling whether or not to bail out farmers, and the Sec of Ag isn't even allowed in the room while she's hyping up this trade war that is going to decimate her constituency.

https://www.politico.com/newsletters/weekly-agriculture/2025/04/28/farmers-plea-to-trump-00312065

https://bsky.app/profile/sarahtaber.bsky.social/post/3lnv43omiss2c

dividendman

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Re: Tariff Insanity
« Reply #637 on: April 28, 2025, 02:01:31 PM »
Farmers starting to feel the effects of this trade war, GOP House wants to cut back on farm aid, Trump mulling whether or not to bail out farmers, and the Sec of Ag isn't even allowed in the room while she's hyping up this trade war that is going to decimate her constituency.

https://www.politico.com/newsletters/weekly-agriculture/2025/04/28/farmers-plea-to-trump-00312065

https://bsky.app/profile/sarahtaber.bsky.social/post/3lnv43omiss2c

Screw the farmers, they wanted this.

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Re: Tariff Insanity
« Reply #638 on: April 28, 2025, 02:07:25 PM »
My conspiracy theory, if trump admin were competent in any way, is to push through some sort of tax credit for corporations that pay tariffs.  That would be net neutral on tax revenues and appease his corporate donors, but give him a perceived “win” against other countries.

He’s already talked about replacing income tax with tariffs, but which that would never work for individuals, it would actually be extremely practical on the corporate level… however I kinda doubt they currently pay enough income taxes to offset potential tariffs

I gathered that many of the MAGA hardcore, conspiracy, Q-types are expecting $5K "stimulus" checks because of all this tariff and DOGE money, LOL. These Trump chumps may wanna hold off on their little Y~M~C~A happy dance.

Republicans have always been willing to cut off their income to spite their taxes or something like that.  Like: As long as my tax rate drops by 2% I don’t care if I lose my job. 

Gremlin

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Re: Tariff Insanity
« Reply #639 on: April 28, 2025, 04:27:12 PM »
My conspiracy theory, if trump admin were competent in any way, is to push through some sort of tax credit for corporations that pay tariffs.  That would be net neutral on tax revenues and appease his corporate donors, but give him a perceived “win” against other countries.

He’s already talked about replacing income tax with tariffs, but which that would never work for individuals, it would actually be extremely practical on the corporate level… however I kinda doubt they currently pay enough income taxes to offset potential tariffs

I gathered that many of the MAGA hardcore, conspiracy, Q-types are expecting $5K "stimulus" checks because of all this tariff and DOGE money, LOL. These Trump chumps may wanna hold off on their little Y~M~C~A happy dance.


Republicans have always been willing to cut off their income to spite their taxes or something like that.  Like: As long as my tax rate drops by 2% I don’t care if I lose my job.


I think that perceived 'win' would very quickly disappear when debt needs to be refinanced (or, indeed, issued to fund such an initiative).  No way your foreign creditors are going to allow that to happen at anywhere close to preferred rates.  The only way you could make that work is if your budget was already in surplus.  But if you're borrowing to fund it...

partgypsy

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Re: Tariff Insanity
« Reply #640 on: April 28, 2025, 04:36:52 PM »
Question. Abunch of smart people here. Why should I stick up on given this. Food and non food items. Olive oil? Underwear and bras? Canned imported foods? What's something I'm not thinking of that a year from now may say, duh. I guess add coffee, chocolate, tea?

hooplady

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Re: Tariff Insanity
« Reply #641 on: April 28, 2025, 04:49:51 PM »
I find it bizarre that he's simultaneously talking about huge revenues from tariffs, potentially enough to cut or eliminate the income tax, yet at the same time positioning these same tariffs as a bargaining tool. I guess I could say "make up your mind" but that doesn't seem to be required for anything from this administration.

Not sure how this applies to other Mustachians, but I'd lose if tariffs replaced the income tax. With a low income and high charitable contributions, my Federal income tax bill is pretty low. But even as a conscientious consumer, I still have to buy some things, which are invariably going to cost more or simply not be available.

dragoncar

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Re: Tariff Insanity
« Reply #642 on: April 28, 2025, 04:57:17 PM »
Question. Abunch of smart people here. Why should I stick up on given this. Food and non food items. Olive oil? Underwear and bras? Canned imported foods? What's something I'm not thinking of that a year from now may say, duh. I guess add coffee, chocolate, tea?

Not claiming to be a smart person and none of us has a crystal ball.  Personally I’d stock up on things that I absolutely can’t live without or couldn’t tolerate a massive price increase.  But the number of those things is actually almost zero (which is surely a privilege).  So given that tariffs could evaporate at any time, I’d rather reduce my consumption in the face of such headwinds.

But yeah, if olive oil is something that will be a hardship to give up if it doubles in price then go for it.  Most of this stuff has a shelf life though

GuitarStv

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Re: Tariff Insanity
« Reply #643 on: April 28, 2025, 07:41:44 PM »
Question. Abunch of smart people here. Why should I stick up on given this. Food and non food items. Olive oil? Underwear and bras? Canned imported foods? What's something I'm not thinking of that a year from now may say, duh. I guess add coffee, chocolate, tea?

Not claiming to be a smart person and none of us has a crystal ball.  Personally I’d stock up on things that I absolutely can’t live without or couldn’t tolerate a massive price increase.  But the number of those things is actually almost zero (which is surely a privilege).  So given that tariffs could evaporate at any time, I’d rather reduce my consumption in the face of such headwinds.

But yeah, if olive oil is something that will be a hardship to give up if it doubles in price then go for it.  Most of this stuff has a shelf life though

There's no way to plan for anything.  The economic future of your country depends on the whims of one demented old man with a penchant for accepting bribes and kickbacks.  Literally anything could happen.

Zamboni

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Re: Tariff Insanity
« Reply #644 on: April 28, 2025, 09:16:18 PM »
Question. Abunch of smart people here. Why should I stick up on given this. Food and non food items. Olive oil? Underwear and bras? Canned imported foods? What's something I'm not thinking of that a year from now may say, duh. I guess add coffee, chocolate, tea?

Medicine. China and India manufacture over half of our pharmaceuticals.

Unfortunately our dysfunctional insurance system means you may not be able to get more than a 30-90 day supply of prescription medication without special permission from your insurance overlords. But, you can probably buy enough over-the-counter medicine now to cover you for a year or two without it expiring on you. If you have something you take routinely and might be miserable without like allergy medicine, then it is not a bad idea to check your supplies and make sure you will not run out any time soon.

Batteries, particularly lithium ion batteries if you anticipate needing any in the near term.

If you were already planning to buy power tools or large appliances in the next year because you need them, then sooner might be better than later. Don't buy them for no reason, obviously. For the most part you can find these on the used market, so I don't think that is urgent.

I also bought TP, but not because of import issues (we actually make that in the US), but rather because if we start to have supply chain delays in other areas, then I think it might spark COVID PTSD panic buying of TP. My brother's solution was to install a bidet at home . . . he likes it, but it's not my favorite option personally.

I think for most other things you can find alternatives, recycle used options from your local thrift store, or just learn to do without. For example, China makes a lot of our apple juice, but you could shift to other types of juice if the price of that spikes and you feel a need to consume juice for some reason, or you could just eat apples and drink water instead. China also supplies a big proportion of our garlic, tea, sesame seeds, and spices like ginger and tumeric. White pepper mostly comes from China while black pepper mostly comes from places like Malaysia. There is some garlic grown in the US, of course, but if you really, really like to use it to cook a bunch, then it would not hurt to have a little extra on hand now.

Let's be real, though: do most of us need to buy new clothes, new furniture, new toys, the latest iphone, etc? We don't. A long trade war with China would screw up industries like construction because they make our hinges, laminates, etc. and we learned all about how their chips control our new pickup trucks in the pandemic, but if you aren't a consuma sucka, then all I'd really worry about is medicines.

rosarugosa

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Re: Tariff Insanity
« Reply #645 on: April 29, 2025, 05:01:51 AM »
Regarding OTC med expiration dates, I take those with a grain of salt.  I recently started using Kirkland generic loratadine, and it's helping enormously with my seasonal itchy eyes.  The meds allegedly expired in 2007.

LennStar

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Re: Tariff Insanity
« Reply #646 on: April 29, 2025, 07:56:51 AM »

He’s already talked about replacing income tax with tariffs, but which that would never work for individuals, it would actually be extremely practical on the corporate level… however I kinda doubt they currently pay enough income taxes to offset potential tariffs


Just saying that tariffs could never replace the income tax. A century ago the income tax was implemented BECAUSE tariffs weren't enough.
 
Even if DOGE would actually halve the US budget it would not be enough, especially since officially/per Trump formula the goal of the tariffs is to make themselves go away.

GuitarStv

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Re: Tariff Insanity
« Reply #647 on: April 29, 2025, 08:07:58 AM »
Even if DOGE would actually halve the US budget it would not be enough

The numbers aren't in fully yet, but it seems likely that in the long run the DOGE cuts will end up costing at least as much as they save.  (You have the losses that will be incurred by the IRS cuts, the multiple lawsuits that the government will lose regarding failure to adhere to their side of the employment contracts, the lawsuits that will be lost regarding the illegal closures and failure to disburse money that the government was legally required to pay out, the costs associated with the massive security vulnerabilities and data loss that Musk's team has caused, etc.)   That's what happens when you hire an idiot to do a job he's utterly unqualified for, making decisions based upon political whim, ketamine dreams, AI generated guesses, and the decision making of 21 year old programmers . . . rather than actual data or recommendations of seasoned people who have worked in the field for decades.

neo von retorch

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Re: Tariff Insanity
« Reply #648 on: April 29, 2025, 08:21:52 AM »
https://www.bbc.com/news/live/cpvrrre4zlkt

A battle is brewing as Amazon announces they'll display the cost of Tariffs, and the White House gets mad about it.

reeshau

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Re: Tariff Insanity
« Reply #649 on: April 29, 2025, 09:26:41 AM »
Even if DOGE would actually halve the US budget it would not be enough

The numbers aren't in fully yet, but it seems likely that in the long run the DOGE cuts will end up costing at least as much as they save.  (You have the losses that will be incurred by the IRS cuts, the multiple lawsuits that the government will lose regarding failure to adhere to their side of the employment contracts, the lawsuits that will be lost regarding the illegal closures and failure to disburse money that the government was legally required to pay out, the costs associated with the massive security vulnerabilities and data loss that Musk's team has caused, etc.)   That's what happens when you hire an idiot to do a job he's utterly unqualified for, making decisions based upon political whim, ketamine dreams, AI generated guesses, and the decision making of 21 year old programmers . . . rather than actual data or recommendations of seasoned people who have worked in the field for decades.

You actually make it sound like a lot of consulting engagements...