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Started By
Message
re: Goldman Sachs says U.S. consumers stuck with higher prices even after SCOTUS tariff ruling
Posted on 2/25/26 at 10:53 am to ATrillionaire
Posted on 2/25/26 at 10:53 am to ATrillionaire
quote:
I don't particularly care abt future generations. But this thread is abt Goldman Sachs' assessment, so I'll let you have the personal stuff.
Oh, it's very relevant if it shows that you melt about something but don't actually care. Almonds are one of the most destructive and resource intensive foods grown in the US.
4
Posted on 2/25/26 at 10:57 am to The Pirate King
quote:based
Almonds are one of the most destructive and resource intensive foods grown in the US.
Posted on 2/25/26 at 10:57 am to The Pirate King
quote:
Oh, it's very relevant if it shows that you melt about something but don't actually care. Almonds are one of the most destructive and resource intensive foods grown in the US.
I don't remember ever melting about the environment. Are you in the correct thread?
Posted on 2/25/26 at 10:58 am to The Pirate King
quote:
Almonds are one of the most destructive and resource intensive foods grown in the US.
mentioned 73 times in the old teastament
Posted on 2/25/26 at 10:58 am to Harry Caray
Crawfish prices are down from this time last year.
Posted on 2/25/26 at 10:58 am to The Pirate King
quote:
Oh, it's very relevant if it shows that you melt about something but don't actually care. Almonds are one of the most destructive and resource intensive foods grown in the US.
Environment isn't the "current thing"
Posted on 2/25/26 at 11:00 am to SoFlaGuy
quote:
Or, make your products in America.
So your solution to inflation is to make it in America where it will cost more?
Posted on 2/25/26 at 11:01 am to UltimaParadox
quote:
was told we did that already whats the next step?
You were probably told we don't have illegals coming in, which is true. It will take all 4 years just to get 50% of the illegals kicked out that Biden brought in.
Posted on 2/25/26 at 11:18 am to dallastigers
quote:
Now do
“Look over there”
Posted on 2/25/26 at 12:18 pm to cajuntiger1010
quote:
A lot of people promised tariffs would bring massive inflation last year on the OT
I'm the furthest thing from a expert and don't even know the answer to my own question, but what if the U.S. was at or maybe even below its 2 percent inflation rate target without the tariffs?
Posted on 2/25/26 at 1:27 pm to Ingeniero
quote:
I was told this wasn't happening and that China was paying the tariffs
No, you were told consumers could CHOOSE whether they wanted to pay extra due to tariffs, or not. Or they could buy American. Or not buy at all
Tariffs arent a tax that everyone is subject to. Its a means to protect American businesses from foreign companies that are underwritten by their govt. If we stop buying cheap crap, and force those products to compete against the rules and regs our govt restricts US businesses with, then tariffs wouldn't be needed
But to restrict our trade with regs, and then allow communist govts to fund their exports, isnt free trade, by any stretch of the imagination
Posted on 2/25/26 at 1:50 pm to castorinho
quote:
more like "hey since they were paying these prices already and got used to it , no need to go back."
True - but still - price went up because they wanted to raise prices. Tariffs were the excuse.
Posted on 2/25/26 at 1:52 pm to RobbBobb
quote:
If we stop buying cheap crap, and force those products to compete against the rules and regs our govt restricts US businesses with, then tariffs wouldn't be needed
What abt nice sturdy American manufactured goods built from foreign raw materials and components?
Posted on 2/25/26 at 2:07 pm to ATrillionaire
quote:
I don't particularly care abt future generations.
shocker
Posted on 2/25/26 at 2:08 pm to ATrillionaire
quote:
built from foreign raw materials and components?
You mean the foreign raw materials and components subsidized by their communist governments. Those foreign raw materials and components?
The price of something that is being subsidized by a communist govt, doesnt negate the fact that the subsidy is designed from the get to weaken a foreign country's economic base
quote:
Belt and Road Initiative, also known as the One Belt One Road, and New Silk Road, is a global infrastructure and economic development strategy of the government of the People's Republic of China.
Belt and Road Initiative as one of the largest infrastructure and investment projects in history, covering more than 68 countries, including 65% of the world population and 40% of the global gross domestic product
Posted on 2/25/26 at 2:11 pm to RobbBobb
quote:
You mean the foreign raw materials and components subsidized by their communist governments. Those foreign raw materials and components?
You said we should stop buying cheap crap. I asked abt quality American manufactured crap that requires foreign raw materials for processing. Do we stop buying those too?
Posted on 2/25/26 at 2:42 pm to ragincajun03
We should keep doing things the way we've been doing them since the 90's, it's worked great for the American worker
Posted on 2/25/26 at 3:04 pm to winkchance
quote:
What are the higher prices?
For my small business:
Many everyday items such as plastic and paper merch bags skyrocketed after the tariffs (after most already nearly doubled in 2020).
Shipping costs skyrocketed as well. Not to mention the amount of employee time I pay to deal with every international package now needing 10 emails or calls back and forth to sort out customs confusion.
I was often charged import taxes on items explicitly exempt from tariffs or incorrect fees but to get refunded or get it sorted out cost a lot of hours and getting in touch with anyone who can deal with it is nearly impossible.
These are just a few examples from a small business. Sure almost everyone has other specific examples.
As a small business and not Amazon, I had to raise prices this past fall to keep up after never raising them from Covid pandemic increases.
This post was edited on 2/25/26 at 3:18 pm
Posted on 2/25/26 at 4:18 pm to LSUDad
quote:Youre mixing measurements and timeframes. If you want an honest comparison, you have to use matching metrics.
Prices are where they are because of the four years prior to Trump. Biden's 9% inflation got the prices to where they are. Trump's 2% inflation is a huge improvement. Where would the prices be if Biden's 9% inflation had continued till now?
If your argument wass simply, “Inflation is lower right now than it was at the June 2022 peak,” that's numerically true. The highest 12-month CPI reading during Biden’s term was 9.1% in June 2022. Trump's current 12-month CPI readings are in the low-to-mid 2% range.
But since you asked, “Where would prices be if Biden’s 9% inflation had continued until now,” you imply that 9% persisted. It did't. If inflation had remained at 9%, prices would be 30% higher. Inflation averaged 8.0% in 2022, 4.1% in 2023, and 2.9% in 2024.
Inflation fell into the 3% range before Biden left office. A current reading near 2% continues that downward trajectory; it is not a sudden break from 9%. 9.1% figure was a single peak 12-month reading, not a sustained multi-year rate.
So your argument is “Biden’s inflation was 9% and Trump’s is 2%,” and that compresses four years of data into one extreme 12-month reading on one side and compares it to a current non-peak reading on the other.
Watch how the same method you used flips the conclusion:
Biden’s highest 12-month CPI reading: 9.1%
Trump’s current 12-month CPI reading: 2–3%
Trump better.
Now reversed:
Biden’s lowest 12-month CPI reading: 1.4%
Trump’s lowest 12-month CPI reading so far: 2.4%
Biden better.
Both comparisons use real numbers. Both reach opposite conclusions. Both are misleading.
It's also worth noting something a lot of you have memory holed that occurred before that spike:
eta- I realize that graphic was made up. But so was the money that was pumped into the economy.
This post was edited on 2/25/26 at 4:58 pm
Posted on 2/25/26 at 4:26 pm to RobbBobb
quote:
You mean the foreign raw materials and components subsidized by their communist governments. Those foreign raw materials and components?
The price of something that is being subsidized by a communist govt, doesnt negate the fact that the subsidy is designed from the get to weaken a foreign country's economic base
Friedman covered this 50 years ago. "We would thank the Japanese government for giving us foreign aid by subsidizing Japanese steel"
From a national security standpoint, tariffs can be used as a scalpel. "Global tariffs of 20%!" isn't that.
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