re: Campbell's, Dollar General announce "pricing action" in response to tariffs

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Domestics will, for sure even with no tariff liability. If not, they're leaving money on the table.

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This a great way to tax those who are otherwise not paying federal taxes.

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If I were a domestic company I would lean into the opposite

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1- The producer of a product make "X" in profit.

2- the importer gives the producer access to the highest purchasing power in the world. Our consumers.

3- The importer does this for a profit. and that is added into the the price the consumer pays.

4- When the cost of making it does not increase, but a tariff is added, they have room to absorb it. They make deals with the importers to share that.

5- This results in the same pricing points for the consumer and the producer and importer still make a profit.

6- taxes on people are lowered and they buy more.

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What were our tariff rates in the 30 previous years vs. what's going into effect now? I want to see how similar they are.

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That's only possible because you either inherited money or ran a trade (in goods or services) surplus with your employer or your clients. No individual or country can run a permanent external deficit with all of their trade partners combined.

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Now there isn't capacity. This is 2025, not 1975. Modern problems require modern solutions. Tariffs ain't modern.

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Are you kidding me! LOL... "Hey guys... never has tariffs increased in our history!"

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has Trump increased or decreased them in our lives since January 1, 2025?

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Read a fooking book man!

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The Smoot-Hawley tariff of 1930, which raised U.S. duties on hundreds of imported goods to record levels, is America’s most infamous trade law. It is often associated with—and sometimes blamed for—the onset of the Great Depression, the collapse of world trade, and the global spread of protectionism in the 1930s. Even today, the ghosts of congressmen Reed Smoot and Willis Hawley haunt anyone arguing for higher trade barriers; almost single-handedly, they made protectionism an insult rather than a compliment. In Peddling Protectionism, Douglas Irwin provides the first comprehensive history of the causes and effects of this notorious measure, explaining why it largely deserves its reputation for combining bad politics and bad economics and harming the U.S. and world economies during the Depression.

In four brief, clear chapters, Irwin presents an authoritative account of the politics behind Smoot-Hawley, its economic consequences, the foreign reaction it provoked, and its aftermath and legacy. Starting as a Republican ploy to win the farm vote in the 1928 election by increasing duties on agricultural imports, the tariff quickly grew into a logrolling, pork barrel free-for-all in which duties were increased all around, regardless of the interests of consumers and exporters. After Herbert Hoover signed the bill, U.S. imports fell sharply and other countries retaliated by increasing tariffs on American goods, leading U.S. exports to shrivel as well. While Smoot-Hawley was hardly responsible for the Great Depression, Irwin argues, it contributed to a decline in world trade and provoked discrimination against U.S. exports that lasted decades.

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I can use washing machines if you want.

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Research to be released on Monday by the economists Aaron Flaaen, of the Fed, and Ali Hortacsu and Felix Tintelnot, of Chicago, estimates that consumers bore between 125% and 225% of the costs of the washing machine tariffs. The authors calculate that the tariffs brought in $82 million to the United States Treasury, while raising consumer prices by $1.5 billion.

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The goal of all those moves [tariffs] was to push production….to America. The study authors credit Mr. Trump’s tariffs with 200 new jobs at Whirlpool’s plant in Clyde, Ohio, and a further 1,600 jobs for a Samsung factory in South Carolina and an LG factory in Tennessee. That’s 1,800 new jobs, at the cost—net of tariff revenues—of just under $1.5 billion for American consumers. Or, as the authors calculate, $817,000 per job.

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