texasgamblerguy · 46-50, MNew
I would say every tariff and every product have different impacts. This list of things are usually combined in any product cost from a tariff. The supplier can eat some of the cost, the middle man can eat some of the cost, or the consumer can eat some of the cost. The fact is usually all 3 divide the cost, however rarely do 3 participants share the cost equally. Also remember substitution, or living without a product. Then often it leads to deflation in an import product. I am not particularly a fan of tariffs, but the impacts on the overall economy are very overrated. That does not mean I do not feel bad for individual companies who deserve a more stable economic policy.
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samueltyler2 · 80-89, M
@texasgamblerguy when you buy anything don't you get to see the sales tax listed? Tariffs are just that, they are essentially taxes you are paying indirectly to the federal government.
justanothername · 51-55, M
@samueltyler2 From memory of shopping in the US, ALL costs associated with the purchase price of the product are listed on the invoice receipt. (That SHOULD include any tariffs)
samueltyler2 · 80-89, M
@justanothername you are incorrect. Taxes are printed, tariffs are not yet. We have no VAT so have no idea what the total tax cost involved is.
MyGirlPhotoswell · 61-69, M
Northwest · M
General Motors may absorb tariffs for a while, but at some point, they will need to start firing people. But not every company is a general motors.
However, not all businesses are General Motors. Small businesses, accounting for nearly 45% of the US GDP will get hard, because they operate on thin profit margins.
We have a President who convinced them this is the way it is. A President who the Wall Journal Journal thinks is illiterate when it comes to economics, and a secretary of commerce who does not understand the first thing about commerce.
However, not all businesses are General Motors. Small businesses, accounting for nearly 45% of the US GDP will get hard, because they operate on thin profit margins.
I wish people understood the basics of economics. They are too easily fooled.
We have a President who convinced them this is the way it is. A President who the Wall Journal Journal thinks is illiterate when it comes to economics, and a secretary of commerce who does not understand the first thing about commerce.
Northwest · M
@texasgamblerguy
Every single thing you say is fact free.
Grocery store, are generally not small businesses. Not to mention that they do not generally absorb price hikes from suppliers. That is with the exception of those that choose to absorb some costs to remain competitive or for promotional purposes, and it's only for short durations.
But feel free to provide "facts" proving differently.
Grocery stores sustain on low margins, gas stations substain on low margins. Your make generalizations without facts.
Every single thing you say is fact free.
Grocery store, are generally not small businesses. Not to mention that they do not generally absorb price hikes from suppliers. That is with the exception of those that choose to absorb some costs to remain competitive or for promotional purposes, and it's only for short durations.
But feel free to provide "facts" proving differently.
@texasgamblerguy you just keep digging your hole deeper, on all fronts, confirming you are talking out of your MAGA @$$
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PHlover19701 · 56-60, M
tindrummer · M
Does she wear a red hat with 4 letters stenciled on the front?
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samueltyler2 · 80-89, M