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Started By
Message
re: Campbell's, Dollar General announce "pricing action" in response to tariffs
Posted on 9/5/25 at 2:16 pm to RogerTheShrubber
Posted on 9/5/25 at 2:16 pm to RogerTheShrubber
quote:
No, private companies should be dealing with Chinese companies directly without having the government intervene and take a share.
Do you believe we've been trading in on equal footing with Communist China? Environmental regulation, corporate regulation, liability, intellectual property, currency manipulation, workplace requirements, govt subsidy of industry, ad infinitum. There's nothing free or fair about our trade with China, nor with many parts of the rest of the world. We've sold out our own industries, the ROW fights to keep theirs.
quote:
You look at trade in a very adversarial manner, I look at it as cooperative.
Not at all. I look at fixing our trade defiicits as a matter of US survival. We need to produce more things at home and I sincerely hope the rest of the world is fine that. Who knows, if trade deficits are no big deal as you suggest, maybe we can even run foreign trade surpluses at some point in the future, assuming the ROW shares your lack of concern.
1
Posted on 9/5/25 at 2:18 pm to BBONDS25
quote:
Yes. Cooperate with other countries bending us over a barrel.
We've been bending them over a barrel with our currency arbitrage for decades. This post was edited on 9/5/25 at 2:19 pm
Posted on 9/5/25 at 2:22 pm to GRTiger
quote:Not at all. Tariffs aren't prophylatic. Not one bit. It's not like we have to pay back trade deficits
Let the next group deal with it is what you're trying to say.
. If you want to secure the future and delay or avert (it's alreayd too late) a currency collapse, you'd massively cutting federal spending. Enacting tariffs now, before the need would be like getting chemo and removing your prostate "just in case" you have cancer.
quote:
It's how boomers have amassed so much wealth for themselves.
Posted on 9/5/25 at 2:24 pm to deltaland
quote:And paying down teh deficit, and endign the income tax, and sending rebate checks to citizens... tariffs are teh all-purpose promise.
I think the point of tariffs is to eventually solve this local supply problem.
Posted on 9/5/25 at 2:24 pm to wdhalgren
quote:
Do you believe we've been trading in on equal footing with Communist China? Environmental regulation, corporate regulation, liability, intellectual property, currency manipulation, workplace requirements, govt subsidy of industry, ad infinitum. There's nothing free or fair about our trade with China, nor with many parts of the rest of the world. We've sold out our own industries, the ROW fights to keep theirs.
If you as a business are buying from a Chinese company and you think the Chinese Govt is subsidizing your purchase, who is winning?
Posted on 9/5/25 at 2:25 pm to Taxing Authority
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?
Here's the understanding you lack. We've been debasing the dollar for many decades with our twin deficits and loose monetary policy. All those dollar based holdings overseas are latent inflation, waiting for a trigger. Our unaffordable, exploding domestic debt is the trigger and it's tightening.
Doing nothing until the problem manifests as a crashing dollar is like waiting for a stroke to start treating your hypertension. The evidence is there right now, exploding budget and trade deficits over an extended period. We can try to mitigate this problem in advance of the fact, or "eat, drink and be merry, for tomorrow we die".
Posted on 9/5/25 at 2:31 pm to wdhalgren
quote:
Here's the understanding you lack. We've been debasing the dollar for many decades with our twin deficits and loose monetary policy.
So far so good. Never said ti was sustainable, tho. quote:Just as soon as we run out of people to buy our debt... which hasn't happened yet. And tariffs won't prevent the loss of appetite. In fact, they make it worse. If countries can't trade for dollars, they won't have any desire to hold them.
All those dollar based holdings overseas are latent inflation, waiting for a trigger. Our unaffordable, exploding domestic debt is the trigger and it's tightening.
quote:Nope. Treating hypertension is preventative. It's a causal precursor. Tariffs have little to do with the demand for US dollars. And they won't increase it at all, much less short term tariffs.
Doing nothing until the problem manifests as a crashing dollar is like waiting for a stroke to start treating your hypertension.
Posted on 9/5/25 at 2:31 pm to Taxing Authority
quote:
"just in case" you have cancer.
This country has had economic cancer for a while now.
Eta
And more than that, you from 5-10 years ago would have agreed 100%.
This post was edited on 9/5/25 at 2:33 pm
Posted on 9/5/25 at 2:37 pm to GRTiger
quote:If you're talkling about the federal debt, I'd have agreed then and now. It's MAGA that no longer thinks the federal debt is a problem. Now it's a good thing. Why?
And more than that, you from 5-10 years ago would have agreed 100%.
As far as trade goes, the USD has only gotten stronger against most of the people we import from. Perfect time to end that!
Posted on 9/5/25 at 2:37 pm to RogerTheShrubber
quote:
If you as a business are buying from a Chinese company and you think the Chinese Govt is subsidizing your purchase, who is winning?
I think by depriving the US of jobs, the US is losing. If the US importer doesn't like tariffs, he should be telling our govt to slash regulation and spending so he can profitably produce goods at home. If we still have any true free marketeers left in corporate America, they've been mighty quiet on that subject for a long time. We're in the dog eat dog stage of national looting at this point.
Posted on 9/5/25 at 2:40 pm to Taxing Authority
quote:
It's MAGA that no longer thinks the federal debt is a problem
How does this statement have any relevance here? Are you suggesting tariffs increases the debt?
Posted on 9/5/25 at 2:42 pm to wackatimesthree
quote:
Everyone knows this. It's the entire point of the tariffs—to force American consumers to overpay for items that they could get cheaper from somewhere else.
Exactly, but they are blaming the "new" problem on something that they themselves created.
Posted on 9/5/25 at 2:54 pm to Taxing Authority
quote:
We've been bending them over a barrel with our currency arbitrage for decades.
You don’t like arbitrage???
Posted on 9/5/25 at 2:55 pm to TigersHuskers
quote:
Donnie 9 inch broke you so hard.
If it had been over a barrel he would have loved it!!
Posted on 9/5/25 at 3:03 pm to Taxing Authority
quote:quote:
Just as soon as we run out of people to buy our debt... which hasn't happened yet. And tariffs won't prevent the loss of appetite. In fact, they make it worse. If countries can't trade for dollars, they won't have any desire to hold them.
Yep, and the hypertensive thinks why should I change, haven't had my stroke yet. What he doesn't know is that he's already damaged his vascular system and every day makes the problem worse.
Sure, tariffs may be a trigger for dollar flight. The dollar damage is latent, we're heading for trouble one way or the other. Exploding deficits and debt monetization are signs that it's near. What we must do is stop adding to it by continuing to run budget and trade deficits.
quote:
Treating hypertension is preventative. It's a causal precursor. Tariffs have little to do with the demand for US dollars. And they won't increase it at all, much less short term tariffs.
Future dollar damage is already baked into the cake, but treating trade deficits with tariffs can mitigate the damage. Our 50 years of budget and trade deficits are a causal precursor to currency failure. If Congress won't act, then tariffs are the next option. Reduce dollar exports and bring back jobs, increase tax revenues, reduce twin deficits. Increasing demand for the dollar won't work because there are already too many out there and we're on the verge of a debt crisis. Reducing the supply of dollars and reducing budget deficits is the only course available. You should be railing at Congress. Trump is using a crude instrument to try to fix problems because Congress won't act.
This post was edited on 9/5/25 at 3:11 pm
Posted on 9/5/25 at 3:04 pm to Ingeniero
Good. That’s less money the food stamp crowd can spend on candy, cookies, and coke products.
Posted on 9/5/25 at 3:11 pm to Ingeniero
There's been such a lack of clarity on tariff rates that companies were going to wait for smoother waters before executing their pricing strategies to counteract them.
Secondly, most retailers have 90 day windows before price changes can be reflected. Q3 2025 and earlier Q4 2025 will start seeing these price increases hit.
Secondly, most retailers have 90 day windows before price changes can be reflected. Q3 2025 and earlier Q4 2025 will start seeing these price increases hit.
Posted on 9/5/25 at 3:14 pm to lynxcat
quote:
There's been such a lack of clarity on tariff rates that companies were going to wait for smoother waters before executing their pricing strategies to counteract them.
Secondly, most retailers have 90 day windows before price changes can be reflected. Q3 2025 and earlier Q4 2025 will start seeing these price increases hit.
sounds like a variant of "two more weeks"
Posted on 9/5/25 at 3:18 pm to Harry Caray
quote:
Because those containers cost more than the cans and still do despite inflation. Supply and demand.
We agree that the cans are cheap then. Tin cans cost 10-20 cents to make, probably less for a large buyer like Campbell's. So, even with a 50% tariff, that would be an increase of 10 cents on a large can. More likely closer to 5. That's not enough for me to complain about, but I can see how that would be life-altering to soup addicts.
If Campbell's raises prices more than a few pennies, it won't be because of tariffs. It will be because so many people don't understand how little the tariff actually is, so the company will be able to easily dupe them into paying a higher price while blaming someone else.
The tariffs are meant to be a long-term solution, but we live in a society where everyone expects things on demand. Conservatives would rather accept the terrible long-term solution that we've been doing over the better approach simply because it is a rocky path. I get that conservatives don't like to change things, but sometimes they're just being skittish.
Posted on 9/5/25 at 5:27 pm to wdhalgren
quote:I realize you're not the one that introduced the grocery store analogy but it's a terrible one and your response just makes it worse.
you can only run a continuous trade deficit with your grocery store because you run an offsetting surplus with your other trade partners. Otherwise, unless you had a dollar printing press you'd run out of money eventually. For most people, running a perpetual trade deficit with their grocery store (and their other suppliers) is only possible because they run a large trade surplus with their employer.
Your house doesn’t run the only printing press your grocery store actually prefers to be paid with. Your grocery store doesn’t stockpile its savings in your family’s monopoly money. And it sure as hell doesn’t invest its profits back into your 401k or buy shares of your comic book stash.
The U.S. is the issuer of the world’s currency. The analogy dies the second you remember that.
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