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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 10:09 am to Taxing Authority
Posted on 9/5/25 at 10:09 am to Taxing Authority
quote:
Nah man. The grocery store has never bought a damn thing from me. Complete trade deficit. Total ripoff.
As I said, 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.
This post was edited on 9/5/25 at 10:10 am
1
Posted on 9/5/25 at 10:09 am to BCreed1
quote:
I can use washing machines if you want
Conveniently, we have data on this
quote:
In 2017, appliance giant Whirlpool (WHR) asked for help curbing imports of washing machines by its Korean rivals LG and Samsung. In early 2018, Trump imposed tariffs ranging from 20% to 50% on most imported washing machines. Whirlpool’s chairman at the time called the move “a victory for American workers and consumers alike.”
During the time the tariffs were in effect — February 2018 to February 2023 — the cost of laundry equipment rose by 34%, according to Bureau of Labor Statistics data. Overall inflation was just 21% during the same time frame. The price of appliances overall rose by 23%. So laundry equipment rose by at least 11% more than it probably would have otherwise without the tariffs.
What a win, we get to pay more!
Posted on 9/5/25 at 10:10 am to Taxing Authority
quote:
Who pays the tariffs
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.
Posted on 9/5/25 at 10:11 am to Summer of Jimbo
quote:Exactly. No one needs canned food.
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.
Posted on 9/5/25 at 10:11 am to Summer of Jimbo
quote:
instead of communist slave labor.
Posted on 9/5/25 at 10:12 am to Summer of Jimbo
People want the economy saved but they don't want to feel it. They want others to feel it, but not them.
Posted on 9/5/25 at 10:13 am to RogerTheShrubber
Comparative advantage and purchasing power means nothing to these people. We need to pull people out of finance jobs and consulting so they can build TVs in Muncie
Posted on 9/5/25 at 10:15 am to Ingeniero
quote:
Comparative advantage and purchasing power means nothing to these people
Its kind of entertaining watching them circle around trying to defend these anti consumer policies.
Posted on 9/5/25 at 10:17 am to Ingeniero
I'm tellin' ya man... if we just went back to typewriters, paper letters, corded telephones, hammers instead of nail guns, paint brushes instead of sprayers, etc. We could have a massive revolution in Amerinca labor. Millions of jobs created! It worked great in 1913!
Posted on 9/5/25 at 10:19 am to udtiger
quote:
Sounds to me Campbell's might be well served to develop its own capacity
Much easier and cheaper to just raise the price and pass as much as you can to the consumer.
Would be dumb to invest the time effort and $$$$$$$$ building their own plant or getting a very expensive US supplier for tariffs that may go away in 3 years (or less).
Posted on 9/5/25 at 10:19 am to Ingeniero
quote:
Overall inflation was just 21% during the same time frame.
I'm sorry, "just" 21% inflation over 5 years?
Posted on 9/5/25 at 10:20 am to RogerTheShrubber
quote:
If we are wealthier and our dollar is stronger, sure we can.
We're not wealthier, we're sitting on a mountain of debt. That exploding debt combined with our rapidly growing trade deficits is sowing the seeds of dollar destruction. There's no free lunch and there's no free trillion dollar trade deficit.
This post was edited on 9/5/25 at 10:23 am
Posted on 9/5/25 at 10:21 am to wdhalgren
quote:
We're not wealthier,
What is your purchasing power compared to the average Chinese person?
Who is winning?
Posted on 9/5/25 at 10:22 am to Taxing Authority
quote:
I'm tellin' ya man... if we just went back to typewriters, paper letters, corded telephones, hammers instead of nail guns, paint brushes instead of sprayers, etc.
Damn cotton gin, man....put a lot of Southerners out of work.
Posted on 9/5/25 at 10:23 am to Figgy
quote:
I need SDV in here telling us that no one buys canned soup and that they can grow their own veggies, raise their own chickens and make their own soup stock so what’s the big deal.
sort of like you Moderates did when we first started seeing moderate inflation after COVID?
eta: what inflation? it’s only transitory…besides it’s $3.99 at my local Walmart, durp
every single thread
This post was edited on 9/5/25 at 10:25 am
Posted on 9/5/25 at 10:25 am to RogerTheShrubber
In 2017, the cost of a new washing machine varied significantly by type, but you could expect to pay anywhere from under $500 for basic, portable models to $700-$1,300 or more for standard, full-sized models.
In 2019, a new washing machine cost anywhere from about $500 for a basic model to over $2,000 for a premium front-loader, with many mid-range models priced between $700 and $1,300.
In 2025, washing machines cost, on average, between $700 and $1,300, though prices can vary significantly based on features, capacity, energy efficiency, and type, with basic models starting around $478 and high-end $1,300
Try again...
At lowes right now.... $498.
LINK
In 2019, a new washing machine cost anywhere from about $500 for a basic model to over $2,000 for a premium front-loader, with many mid-range models priced between $700 and $1,300.
In 2025, washing machines cost, on average, between $700 and $1,300, though prices can vary significantly based on features, capacity, energy efficiency, and type, with basic models starting around $478 and high-end $1,300
Try again...
At lowes right now.... $498.
LINK
Posted on 9/5/25 at 10:26 am to wdhalgren
quote:
No individual or country can run a permanent external deficit with all of their trade partners combined.
It’s great that we as a country don’t run such a deficit.
We dominate the world in services and have extreme trade surpluses for services. We didn’t become the richest country in the history of the universe by accident.
Posted on 9/5/25 at 10:26 am to RogerTheShrubber
quote:
Domestics will, for sure even with no tariff liability. If not, they're leaving money on the table.
Correction. Domestics have already.
Posted on 9/5/25 at 10:26 am to Taxing Authority
quote:
Exactly. No one needs canned food.
If you’re buying canned food from China or made with materials from China, the good news is you probably won’t have to worry about the economy long term.
Posted on 9/5/25 at 10:26 am to Ingeniero
As if prices haven't already increased due to Biden and his handlers fanning inflation.
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