I’m not a ‘breakfast person’ but my wife and I met her brother and his wife this morning and the subject of the fact (according to our daughter) that the most frequent search on Google post election was for “what is a tariff.”
My sister-in-law was most concerned that the stuff she buys on Temu and other places was going to go up in price. Followed by news from a Mercury Marine friend that their prices were going to go up a significant amount because so much of their aluminum housings and other parts are sourced from China and they CAN’T get them in the US any longer.
A sales rep for the store my wife and our son owns called to say that if they needed restocks now was the time to order and suggested at least $20,000 as a purchase amount because prices are going to go up “A LOT”. Almost every RC vehicle sold in the US has been made in China for years, as are many/most models such as Gundum (even though it’s a Japanese brand as I recall).
At least the huge majority of what I sell is made in the US so I may actually be MUCH better off!
Buckle up and wear ‘protective clothing’ since it’s going to be a rough ride for anyone that imports from China from the looks.
I’m not nearly as concerned about Canada and Mexico since some token troops and a few drug busts will put people asleep again.
There’s a thread on the NSFE from a bookseller in Canada wondering how to handle shipping books to the US, and if Amazon will do anything regarding the pricing.
I seriously doubt Amazon will do anything, but I don’t think anyone has any answers for him.
It’s tough when the small guys get caught up in the stuff aimed at the big trouble-makers.
In AZ, the prices of avocados haven’t gone up, noticeably, before the pause..
We’re more concerned about our favorite “home-made” avocado salsa which we buy in a 16- oz container at a favorite Mexican Market/Restaurant/Butcher Shop and is already nearly 9 bucks. We agreed if it went over $10 that we wouldn’t indulge anymore, stick w/ Pace.
Here we’re only about 90 minutes from the border and Tucson/Nogales (AZ) are big “ports” in the Mexico trade, so any tariff will hit hard. In some of the authentic Latinx restaurants/shops in the area, especially Tubac or Tumacacori, one already feels as if in Mexico City!!
Thanks to you, @papy and other administrators and mods for making SAS possible!! As well as making financial arrangements between yourselves/ paying out of pocket..
If we members, all 250+ of us(saw membership figures on another thread) don’t say it enough, THANK YOU!!
Beyond the money angle, appreciate ya’ll donating time, which as most of us ol’ coots have learned, is even more precious than $$…
How bout this? 54%?! How are futures not down 10,000 points right now? Market must know something we don’t know.
And we thought 9% inflation was bad…?
Buckle your seatbelts folks. This is going to be an interesting ride.
Sucks for my industry. Hopefully we learn our lesson from this pain. There’s nothing special in China that makes it better at producing RM’s other than cheap labor.
Thankfully our main brand uses a material, while sourced from China, isn’t expensive and is a small part of the actual formula. Everything else comes from the US, including the labels and packaging.
The market is not connected to the economy and has not been connected for many years.
Most of my investment portfolio is professionally managed. Daily movement, up or down is a fraction of what the movement of the major indices are.
In spite of the obvious volatility, my investments are traveling in a relatively narrow range that really makes the value statistically flat.
Obviously, my perspective is less pessimistic than other people’s who have not paid to have the professional market manipulators show us the way. Market manipulators come with multiple political affiliations and perform similar functions, no matter who is in power.
When they rebalance my portfolio each month, I am amazed by how little I know about what I am invested in, and the required disclosures for the funds I am in and out of, tell me very little.
I agree, didn’t even realize this since I was away from news today - my Contact in China said any re-negotiations on the +20% is untenable because it’s now 54% across the board - meaning supplier will say increase prices.
