Don’t forget the subsidies paid to those affected exporters. Nah… We put that on future generations tax bill too.
This is how Forbes broke it down when we did version 1 of Trump Tariffs.
Well, unrelated data point.
Local wine shop ran out of my favorite South African Chenin Blanc. I asked the manager if he was getting it back, he told me they were dropping it; but since I was buying it, he brought it back (I have a really good relationship with them; he’ll text me when stuff I want comes in). But it’s the new vintage; so price went up. Just because of tariffs (and associated markups).
And I can say, having tasted 10s of thousands of wines, there is no US wine that is close to the same, at least not without costing 3-10x the price; so American is simply not an option. Tariff does nothing other than punish the consumer.
(for the record, it’s Man Vintners Chenin Blanc; highly recommended if you want a crisp refreshing summer-time white at a reasonable price)
I cannot be sure but are you making a total comedic post that is so deeply intellectual, that it went over my head, or am I doing connect the dots with a few missing numbers?
You are complaining about tariffs on a White South African agricultural product from a company called MAN? Is this a reference to the vintner being given asylum here because it magically meets all the keywords for current desirable criteria?
If so, the punch line is give it a few years and it will be made here.
I am sitting on a 2019 Groth cabernet from Napa Valley that I am saving for thanksgiving.
Note I said “tasted”, not “drank”. Worked in the business for many years, and for several years, was even a tasting judge for publication. So mostly “sip-n-spit” as part of the job.
Nope, no comedy. Just noting increased prices for no good reason. “MAN” is the initials of the wives of the three brothers running the winery. So no hidden reference.
Are we having a Let Them Eat Cake moment here? Over at my house, we’ve turned into All Store Brand, All The Time. We enjoy our Crunchy Corn Squares and Fruit Rounds cereals, excited that Twist Up Zero 2 liters are back down to $1, after peaking at $1.50.
We do a lot of store brands; have for a long time. Amazingly, the store brand cheddar cheese blows away most of the national brands; not quite as good as Cabot, but 1/3 the price. And the store brand salsa I use is not only cheaper, but lower in sodium than the national brands.
My list of purchases which appear to have been affected by tariffs.
President French Emmenthaler Cheese. Was $4.99/lb before inflation. Went to $6.99/lb. My supermarket dropped it. Now $7.99/lb at one supermarket chain and $8.99/lb at another.
I only buy it when I am close to the $7.99 chain. Buying a domestic swiss at $8.69 for 2 lbs.
We buy a French Brioche Bread, Was $4,99 before inflation. Then $5.99 a loaf after. Shipped frozen from France. Now $7.49 at our local market. Under a different brand it was priced similarly. Now the same brand imports from France and Canada. Latest purchase was from Canada, not up to the same quality $5.99.
We buy Wild Wonders Tomatoes. Canadian Brand. Was 5.99 for 2lbs before the inflation. Imported from Mexico. Then was 5.99 for 18 ounces. Latest purchase was Imported from Canada. $4.99 for 18 ounces plus an additonal $1.00 off coupon. Different assortment of varieties.
That is it. Nothing else I have bought shows any effects, yet. Nothing I have passed up because of the price.
Thanks, this thread was getting a little scrambled…
I think the sunny side is up on this thread now that things have been “separated”…
Thankfully the thread did not go religious and discuss benedict options…
We all know moderating is not all it is cracked up to be…
Other than the previously mentioned wine, I can’t say that I’ve noticed anything that I can clearly say is “tariff”. We buy a lot of fresh produce; much is imported. But on most of the items, the price can fluctuate so much from one week to the next under normal conditions that it’s impossible to separate a signal from the noise (the one exception is bananas, which have been consistently $.59/lb, and are now $.64, so I guess that one might be tariff).
The non-food imports that we buy we tried to stock up on early; but we’ll see what bubble mailers have done in the next week or two.
Paid .49/lb for bananas last night - Chiquita, if it matters.
Eggs were 2.99/dozen - white or brown. Checked on the bacon, still $5.00/lb.
My personal rate of inflation, attributable to tariffs, so far is a rounding error.
This morning’s WSJ showed retail sales were off last month, which they attributed to a drop in auto sales. Sales of imported cars soared the previous month due to fear of tariff based price increases. How would we like to score that?
Appreciate the datapoints, but that’s a checkout lane sample - not a policy impact assessment (in reference to the themes upthread).
If we’re scoring anything, it’s the fact that retail behaviors are responding before tariffs are even fully priced in (which you mentioned with reference to cars). And second-order effects like margin compression, supplier rotation, and credit tightening don’t show up in bacon prices until months later…if at all.
Tariffs are like termites - you don’t see them at first, but the damage is cumulative and structural.
Lake’s comments reflect a common theme - using local or personal experiences to gauge macro-level policy impact. It’s a fair instinct, but the disconnect comes when bacon and eggs (mostly domestic) are used as proxies for something like supply chain friction or import costs from Asia.
I don’t think Lake was arguing cause-effect across those categories; just that, so far, he hasn’t personally ‘felt’ the tariff impact.
Whether that’s durable is another question entirely, but one that’s already addressed ad nauseum in this thread