Tracking toy tariffs

JakeEkiss said:
Indeed. Wouldn't be worth all the effort to rig it otherwise (love living in Texas right now /s)
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I hope you're both right, but I am concerned. The SCOTUS ruling on presidential immunity is especially concerning. As the dissenting opinion notes, he could order the execution of political opponents and be immune from prosecution. It's a wildly broad ruling that has and will continue to allow wild acts to occur.
 
Bills all day said:
I hope you're both right, but I am concerned. The SCOTUS ruling on presidential immunity is especially concerning. As the dissenting opinion notes, he could order the execution of political opponents and be immune from prosecution. It's a wildly broad ruling that has and will continue to allow wild acts to occur.
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Yeah, we'll see.
 
I love how these MAGA cultists defend tariffs, and try to act like they are great "conservatives" at the same time. Ronald Reagan famously railed against the very concept of tariffs, but that seems to be forgotten by these idiots.
 
TheSameIdiot said:
For a while, it looked like the other shoe might not drop. It's coming.

https://bsky.app/profile/josephpolitano.bsky.social%2Fpost%2F3lwpafntmjs2l
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I never thought it wouldn't. I was very confused by all the talk, even amongst some of the more reasonable folks I read/listen to, about how things didn't seem to have gone the way they thought they would. We already knew that companies were front-loading inventory, that the tariff implementation had been delayed and scattershot, and that it would take time to percolate down even if none of that had been true. It was way too early to start thinking things might not be affected as heavily as initially expected. Not to mention that the longer they continue, the less companies will feel they can ride them out and absorb some of their costs like they're trying to right now.
 
cmoney said:
I never thought it wouldn't. I was very confused by all the talk, even amongst some of the more reasonable folks I read/listen to, about how things didn't seem to have gone the way they thought they would. We already knew that companies were front-loading inventory, that the tariff implementation had been delayed and scattershot, and that it would take time to percolate down even if none of that had been true. It was way too early to start thinking things might not be affected as heavily as initially expected. Not to mention that the longer they continue, the less companies will feel they can ride them out and absorb some of their costs like they're trying to right now.
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Yeah. The only thing I've been surprised by is that companies have taken it on the chin this long. And I think largely that's because they were all hoping it was posturing, that it wasn't going to stick around. But it is sticking around. And there's no way to keep tanking that loss forever without passing it on.

And the worst part for Trump is once it finally all comes down, he can't turn it off immediately either. He'll be racing to correct it all by midterms, but I doubt that's possible. It won't turn much of his base, but it doesn't have too. Just has to turn enough.
 
JakeEkiss said:
The only thing I've been surprised by is that companies have taken it on the chin this long. And I think largely that's because they were all hoping it was posturing
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I don't think so. I think it was fear. All these big companies need the support of the government to continue operating the way that they do. None of them wanted to be the first ones to say 'our prices are going up and it's Trump's fault' because the FIRST one to do it is going to be Trump's new enemy number 1, at least for a while. They needed it to kind of all cascade together and happen at once so no one had to be a target for Trump's whiny tantrum bullshit.

I'd argue taking it on the chin was the ultimate act of pathetic, servile contrition to Trump's bullshit. I'm sure they hoped it would all go away before it would even matter, of course, but even if they KNEW that wouldn't happen (I'm sure that's true of at least a few of them), they were still unwilling to stand up and say 'Trump is causing our prices to go up' purely out of fear.
 
Didn't Walmart say there were raising prices because of the tariffs? I think Trump started spewing hatred at them because of it (or some other thing that irked him)
 
Trump did go off on Walmart early on, as well as Amazon early on when it was reported they were going to explicitly line-item tariff fees in their pricing. But a lot of companies have cited tariffs and economic uncertaincy in their projections and earnings reports since then.
 
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