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FightFight

(90 posts)
Wed Oct 30, 2024, 06:28 PM Wednesday

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/



June 1, 2021
U.S. manufacturers blame Trump-era tariffs for inflation’s rise
Companies appeal to Biden administration to roll back the tariffs
https://www.marketwatch.com/story/u-s-manufacturers-blame-trump-era-tariffs-for-inflations-rise-11622387247

November 13, 2018
Trump's steel tariffs create big profits but few new jobs
https://www.reuters.com/article/us-usa-trade-nucor-insight/trumps-steel-tariffs-create-big-profits-but-few-new-jobs-idUSKCN1NI1FC/?utm_source=reddit.com
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Companies ready price hikes to offset Trump's global tariff plans (Original Post) FightFight Wednesday OP
let me guess Skittles Wednesday #1
i think Biden Harris Walz knows that whixh ia qhy VP Harris often talks about a price gouging law FightFight Wednesday #2
But, But... GB_RN Wednesday #3
Trump will just blame "Biden Inflation", the media will echo it, and the morons will believe it. jvill Thursday #4
Already said that durablend Thursday #5

GB_RN

(3,109 posts)
3. But, But...
Wed Oct 30, 2024, 07:10 PM
Wednesday

Cantaloupe Caligula said his tariffs wouldn’t cost consumers more. He said the (insert exporting country here) would pay!!!

Ugh. His sheep are so goddamned stupid. “Idiocracy” was way too optimistic.

jvill

(350 posts)
4. Trump will just blame "Biden Inflation", the media will echo it, and the morons will believe it.
Thu Oct 31, 2024, 07:58 AM
Thursday

Rinse and repeat.

Over the last 50 years, Democrats have a VASTLY better economic record; lower inflation, higher GDP, lower unemployment, higher wages, etc.

Doesn’t matter if the media continues to frame tax cuts as the ultimate, end all be all, of economic policy. That’s literally all the GOP has got, but it seems that is all they need.

durablend

(7,894 posts)
5. Already said that
Thu Oct 31, 2024, 08:04 AM
Thursday

It's gonna be companies way to kneecap her in the door and like you said, he's going to egg it on and his rubes will believe it.

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