Companies ready price hikes to offset Trump's global tariff plans

[Mainecat]

Companies ready price hikes to offset Trump's global tariff plans

Source: washingtonpost

Across the United States, companies that rely on foreign suppliers are preparing to raise prices in response to the massive import tariffs that former president Donald Trump promises if he wins the election Tuesday.

Producers of a range of items, including clothing, footwear, baby products, auto parts and hardware, say they will pass along the cost of the tariffs to their American customers.

The planned price increases next year would come as consumers are beginning to enjoy relief from the highest inflation in four decades, and they directly contradict Trump’s repeated assurances that foreigners will pay the tariff tab.

“We’re set to raise prices,” Timothy Boyle, chief executive of Columbia Sportswear, said in an interview. “We’re buying stuff today for delivery next fall. So we’re just going to deal with it and we’ll just raise the prices. … It’s going to be very, very difficult to keep products affordable for Americans.”

Trump vows to impose the heaviest tariffs since the 1930s,


Read more: https://www.washingtonpost.com/business/2024/10/30/companies-tariffs-trump-prices/

[hayward]

If depends are included, you're fucked MC....

[Skidooski]

Crazy because we already have super high tariffs on imported goods 

[Zambroski]

What a bunch of absolute bullshit.  More fear mongering from the libtwats.  

[Stephen Hawking]

snip....

The planned price increases next year would come as consumers are beginning to enjoy relief from the highest inflation in four decades. 

 

I thought there was only minor inflation? 

Did the truth slip out? 

Edited October 31, 2024 by Stephen Hawking

[Doug]

LOL as expected a bonus Trump bash post for stage 1-2.0

You go "the Guy" 

 

 

[ActionfigureJoe]

Well duh. To maintain their margins they need to increase prices. Isn’t that a no brainer? 

[Deephaven]

42 minutes ago, ActionfigureJoe said:

Well duh. To maintain their margins they need to increase prices. Isn’t that a no brainer? 

Tariff will be passed on to the consumer.  

[akvanden]

31 minutes ago, Deephaven said:

Tariff will be passed on to the consumer.  

Of course it will. Some think tariffs (taxes) happen in a vacuum, apparently.

[Jerry 976]

Sooooo prepare for price gouging before Trump is elected???

According to M.C. Trump already lost this election so why do anything Kamala the Goddess is going to fix everything Joe Biden fucked up, the economy, inflation, the border, jobs trust in our government.................

Edited October 31, 2024 by Jerry 976

[Skidooski]

The Biden administration has not reduced any of Trump’s tariffs on China, and in May 2024 raised tariffs on steel, aluminum, medical equipment, lithium-ion batteries, and solar cells.

Biden’s May 2024 tariff increases follow much of the same logic as Trump’s initial 2018 tariffs, albeit without mention of the U.S. trade deficit with China. In its release, the administration argued that “American workers continue to face unfair competition from China’s non-market overcapacity in steel and aluminum” and “encourage[d] China to eliminate its unfair trade practices.” The Biden administration, like the Trump administration, sees tariffs on China as both a punitive measure that might spur a change in Chinese industrial policy as well a way to protect domestic manufacturers.

[Pete]

47 minutes ago, Jerry 976 said:

Sooooo prepare for price gouging before Trump is elected???

According to M.C. Trump already lost this election so why do anything Kamala the Goddess is going to fix everything Joe Biden fucked up, the economy, inflation, the border, jobs trust in our government.................

He didn’t do it alone. She’s just as responsible. Tie breaking votes just to fuck the republicans.. not to help joe six pack. She’s cooked

[Jerry 976]

21 minutes ago, Pete said:

He didn’t do it alone. She’s just as responsible. Tie breaking votes just to fuck the republicans.. not to help joe six pack. She’s cooked

But but she's just the vice president she had to do what aunt Nancy & uncle Chuck told her to do........ 

[Mainecat]

No new tariffs…I mean taxes.

[Doug]

1 minute ago, Mainecat said:

No new tariffs…I mean taxes.

Just keep the ones Trump imposed and Biden and Kamala extended.

[ActionfigureJoe]

12 hours ago, Deephaven said:

Tariff will be passed on to the consumer.  

There’s some downstream effects of these tariffs. One way to fight the drug cartels and illegal immigration is for people in Mexico to have more opportunities for a livelihood. That comes through building industry and the country to start making things. These tariffs will have the opposite effect. So be prepared for more of the same. It’s very short sighted. 

[Joe Bidens Brain]

thats a lot of people who are planning on a trump victory hahahahahaha

[Zambroski]

17 minutes ago, Joe Bidens Brain said:

thats a lot of people who are planning on a trump victory hahahahahaha

Imagine blaming your massive profit increases on Trump and the same libtards keep showing up to pay dearly to spite him.  

It's a carnival of idiot freaks.

[gravy davey]

8 hours ago, Skidooski said:

The Biden administration has not reduced any of Trump’s tariffs on China, and in May 2024 raised tariffs on steel, aluminum, medical equipment, lithium-ion batteries, and solar cells.

Biden’s May 2024 tariff increases follow much of the same logic as Trump’s initial 2018 tariffs, albeit without mention of the U.S. trade deficit with China. In its release, the administration argued that “American workers continue to face unfair competition from China’s non-market overcapacity in steel and aluminum” and “encourage[d] China to eliminate its unfair trade practices.” The Biden administration, like the Trump administration, sees tariffs on China as both a punitive measure that might spur a change in Chinese industrial policy as well a way to protect domestic manufacturers.

MC.   

[Mainecat]

24 minutes ago, gravy davey said:

MC.   

Much the same logic?

Ah many tariffs were removed.

[Skidooski]

6 minutes ago, Mainecat said:

Much the same logic?

Ah many tariffs were removed.

Link on the many removed? 

[Deephaven]

5 hours ago, Zambroski said:

Imagine blaming your massive profit increases on Trump and the same libtards keep showing up to pay dearly to spite him.  

It's a carnival of idiot freaks.

It's a price increase without profit...tariff goes to the government so perhaps a tax influence, but the consumer gets fucked and pays for it.

[ActionfigureJoe]

9 hours ago, Skidooski said:

The Biden administration has not reduced any of Trump’s tariffs on China, and in May 2024 raised tariffs on steel, aluminum, medical equipment, lithium-ion batteries, and solar cells.

Biden’s May 2024 tariff increases follow much of the same logic as Trump’s initial 2018 tariffs, albeit without mention of the U.S. trade deficit with China. In its release, the administration argued that “American workers continue to face unfair competition from China’s non-market overcapacity in steel and aluminum” and “encourage[d] China to eliminate its unfair trade practices.” The Biden administration, like the Trump administration, sees tariffs on China as both a punitive measure that might spur a change in Chinese industrial policy as well a way to protect domestic manufacturers.

Why would a democrat reduce or eliminate a tax? 

[ActionfigureJoe]

Just now, Deephaven said:

It's a price increase without profit...tariff goes to the government so perhaps a tax influence, but the consumer gets fucked and pays for it.

Same as the carbon tax. 

[Zambroski]

1 hour ago, Deephaven said:

It's a price increase without profit...tariff goes to the government so perhaps a tax influence, but the consumer gets fucked and pays for it.

Hey dummy.  American manufacturing benefits and so do the worker.  Also, I missed how much this economy is costing Americans from you.

TDS tard.