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Started By
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re: Campbell's, Dollar General announce "pricing action" in response to tariffs
Posted on 9/5/25 at 1:10 pm to wdhalgren
Posted on 9/5/25 at 1:10 pm to wdhalgren
quote:
You can think about this any way you like but if a country imports more (gauged by value) than it exports, then it's consuming more than it produces.
Or, IOW, we gave up a little to get a whole lot, which is sort of the essence of efficiency.
0
Posted on 9/5/25 at 1:14 pm to Adajax
quote:
Campbell's microwavable soups aren't in tin cans so why not use those containers for all soups. Some soups come in bags.
Why not an extruded plastic can?
Posted on 9/5/25 at 1:23 pm to RogerTheShrubber
quote:
This is where mercantilism fails. It sees wealth as a zero sum game, and that reality has passed us by over a century ago.
Wealth is not zero sum but increasing the supply of fiat money is a zero sum game. We're net consuming more than we produce. That means our net wealth is declining. If we were conducting foreign trade in hard currency, our spending power would be zero by now. The fact that we've used monetary policy to support our overconsumption doesn't change the outcome for the better, just the opposite.
Posted on 9/5/25 at 1:24 pm to RogerTheShrubber
quote:sorry dude. Everyone else sees it. I don't even have to argue with you. I forgot more about the market than you'll ever know
Well, there is no hope for your illiteracy, Jethro.
Posted on 9/5/25 at 1:24 pm to wdhalgren
quote:
That means our net wealth is declining
Not if youre using those imports to add value.
Posted on 9/5/25 at 1:30 pm to RogerTheShrubber
quote:
Not if youre using those imports to add value.
If we're adding value, our budget and trade deficits will decline. They're not, they're increasing rapidly. We're consuming value and borrowing, printing, selling assets to support it. Unsustainable.
Posted on 9/5/25 at 1:38 pm to wdhalgren
quote:
If we're adding value, our budget and trade deficits will decline
Not true, your wealth will though.
Your trade deficits are overrated. Theyre more noise than substance.
Posted on 9/5/25 at 1:40 pm to RogerTheShrubber
quote:
Because much of what is imported are components which are added to finished products and add value, increasing wealth on the US side.
But we continue to import more than we export for 50 years running and increasing over time (we'll see what happens this year). And we continue to run massive budget deficits for 50 years running and increasing over time (it'll be bigger again this year). If we were somehow net adding value via our excess foreign consumption, that would eventually lead to reduced borrowing, but it hasn't because we're consuming value.
Posted on 9/5/25 at 1:41 pm to Ingeniero
quote:
Campbell's reported a 7% year-over-year increase in net income and a 6.3% increase in net sales for the full fiscal year 2025, with full-year attributable net income growing to $602 million from $567 million year-on-year, and net sales rising to $10.25 billion from $9.6 billion.
How big was your raise?
Campbell's annual gross profit for 2025 was $3.119B, a 4.98% increase from 2024.
Campbell's annual gross profit for 2024 was $2.971B, a 1.85% increase from 2023.
Campbell's annual gross profit for 2023 was $2.917B, a 11.04% increase from 2022.
Hurts to be Campbell's.
Posted on 9/5/25 at 1:42 pm to wdhalgren
quote:This is sophomoric pablum. The only gauge of value captured in the "trade deficit" is the nominal price, which does *not* account for currency discounts, nor opportunity costs gained from the transaction.
You can think about this any way you like but if a country imports more (gauged by value) than it exports, then it's consuming more than it produces.
Again, it's like saying you get nothing from the grocery store. You just give them money and they don't buy anything you produced from you.
This post was edited on 9/5/25 at 1:44 pm
Posted on 9/5/25 at 1:44 pm to Ingeniero
That’s a long way of saying that they’re going to absorb some portion of the cost of the tariffs.
As it should be.
As it should be.
Posted on 9/5/25 at 1:48 pm to wdhalgren
quote:
This isn’t the case. Wealth is not zero sum. Especially when you are the worlds reserve currency.
quote:Ok. This has reached the point that teaching the dog calculus is looking to be more productive. At least he's eager to learn.
Yes, it is the case.
quote:Of course they can. And ours will. Someday. And when it does, it will be time for massive tariffs, and huge drop in standard of living. But it's not today. Why have the latter without the former?
"Reserve" currencies can be debased into oblivion too.
Posted on 9/5/25 at 1:50 pm to RogerTheShrubber
quote:
Your trade deficits are overrated. Theyre more noise than substance.
I understand your position. You thought the status quo was fine, and the rest of the world is our slave. They can't possibly survive without the US to consume what they make. It's a comical concept, the US is supreme and nothing will change that as long as we borrow and consume. What's not comical is we have too many politicians who are also ignorant of fundamental facts of nature and economics. Namely, there's no free lunch, and debt fueled consumption eventually leads to privation.
Posted on 9/5/25 at 1:53 pm to wdhalgren
quote:
You thought the status quo was fine, and the rest of the world is our slave.
No, private companies should be dealing with Chinese companies directly without having the government intervene and take a share.
You look at trade in a very adversarial manner, I look at it as cooperative.
Posted on 9/5/25 at 1:58 pm to RogerTheShrubber
quote:
You look at trade in a very adversarial manner, I look at it as cooperative.
Yes. Cooperate with other countries bending us over a barrel. Fitting. You old queen. You love getting bent over a barrel.
Posted on 9/5/25 at 1:58 pm to Taxing Authority
quote:
And when it does, it will be time for massive tariffs, and huge drop in standard of living. But it's not today.
Let the next group deal with it is what you're trying to say. Which is a perfectly fine, status quo way of thinking. It's how boomers have amassed so much wealth for themselves.
Posted on 9/5/25 at 1:59 pm to Summer of Jimbo
quote:
Tariffs are designed to discourage reliance on foreign goods. Some people are too stupid to stop buying cheap Chinese garbage on their own . When that garbage is more expensive they buy something that helps their own country instead of communist slave labor.
Seems sort of communist to tell the people what they cannot consume by creating artificial barriers
Posted on 9/5/25 at 1:59 pm to BBONDS25
quote:
Yes. Cooperate with other countries bending us over a barrel.
The musings of the simple man....
Posted on 9/5/25 at 2:03 pm to RogerTheShrubber
quote:
RogerInTheCuckChair
Donnie 9 inch broke you so hard.
Posted on 9/5/25 at 2:16 pm to Ingeniero
quote:
Beekhuizen said Campbell’s has no choice but to source steel and aluminium from overseas, what he described as “food grade tinplate” for its canned products. “There is not enough capacity available in the United States or supply available in the United States. If it was available, we would buy it locally,” he said
I think the point of tariffs is to eventually solve this local supply problem. Short term pain for long term gain.
I remember when Allen Canning Company in Moorhead, Ms closed down. It was a huge blow to the small town and cost a lot of jobs.
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