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1
Posted on 5/30/19 at 7:21 pm to Desert King
Markets are like my dog. They run and cower in fear at loud noises and then relax when they see everything is fine.
Posted on 5/30/19 at 7:23 pm to FooManChoo
quote:
Show us on the map where Orange Man touched you.
This post was edited on 5/30/19 at 7:26 pm
Posted on 5/30/19 at 7:25 pm to geaux88
quote:
Goolsby
What a frick stick
I'd like to fight him
Posted on 5/30/19 at 7:27 pm to MrLarson
quote:
I’d like to fight him
It wouldn’t be a fight. Don’t do it. You would murder that smirking little pussy.
Posted on 5/30/19 at 8:06 pm to Bunyan
quote:
Traiffs will increase until the illegal immigration problem is remedied
So since we are always going to have illegal immigration at some level (especially over the next 2 to 6 years), will the traiffs just increase forever/until the next president?
Posted on 5/30/19 at 10:11 pm to Bunyan
Explain how Mexico will be paying for the wall if it is Americans paying the tariffs??
If Obama had done something like this most here would be going nuts and rightfully so.
If Obama had done something like this most here would be going nuts and rightfully so.
Posted on 5/30/19 at 10:15 pm to Clark14
quote:
Well,he always tells the truth....eye roll..
Since when do you lefties care about telling the truth?
Such a gaping lack of self-awareness.
Posted on 5/30/19 at 10:15 pm to TxWadingFool
And Americans will be paying the five percent.
Posted on 5/30/19 at 10:30 pm to FooManChoo
quote:
Markets are like my dog. They run and cower in fear at loud noises and then relax when they see everything is fine.
It’s the uncertainty that spooks the market and stalls investment. A ton of US companies have some element of their supply chain in Mexico. My company is global and manufactures 90+% of their products in the US, but a key piece of the remaining 10% of our line is assembled in Mexico. Changing messages around the trade situation make it difficult for the company to know how to best invest their capital moving forward, and Wall St. investors have the same hesitation.
March 29, 2019:
quote:
If Mexico doesn't immediately stop ALL illegal immigration coming into the United States through our Southern Border, I will be CLOSING the Border, or large sections of the Border, next week
April 4, 2019:
quote:
We're going to give them a one-year warning, and if the drugs don't stop or (are) largely stopped, we're going to put tariffs on Mexico and products, in particular, the cars ... and if that doesn't stop the drugs, we close the border
April 4, 2019 (later)
quote:
I don't think we'll ever have to close the border because the penalty of tariffs on cars coming into the United States from Mexico, at 25%, will be massive.
May 30, 2019:
quote:
On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP
This post was edited on 5/30/19 at 10:34 pm
Posted on 5/30/19 at 10:36 pm to lostinbr
quote:This just seems absurd to me. Anybody who is crippled by a 5% increase in costs is already on extremely unstable ground and should not be operating, imo.
stalls investment.
Your own company, for example......5% increase for 10% of your supply chain.
That's 0.5 percent, dude.
Posted on 5/30/19 at 10:51 pm to HailHailtoMichigan!
quote:
This just seems absurd to me. Anybody who is crippled by a 5% increase in costs is already on extremely unstable ground and should not be operating, imo.
Your own company, for example......5% increase for 10% of your supply chain.
That's 0.5 percent, dude.
0.5% off of a publicly traded company’s bottom line is way more than 0.5% in operating income (profit).
In our case, the larger concern is that we lose market share in the 90% category because of the competitive impact on the 10% category. Without getting into specifics, I’ll just say it’s a valid concern. The worst case scenario would have been a border closure, which would have caused us to miss deliveries and likely declare force majeure.
Can the company move some of that capacity to the US as contingency? Sure, but that has a cost and reduces the ability to make other investments.
If we knew what was going to happen, I’m sure the decision would be easy. But as I pointed out - in March we were closing the border in a week, in April we were giving Mexico a “one year warning”, and today we are implementing new tariffs in two weeks. Uncertainty. Hence the hesitation.
This post was edited on 5/30/19 at 10:52 pm
Posted on 5/30/19 at 11:03 pm to I B Freeman
quote:
And Americans will be paying the five percent.
Even if this is true, it still requires one of two things to be true:
1) it is still the cheapest option thus the consumer buys
Or
2) it is still superior product and the consumer is not a price buyer
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