Walmart warns it will raise prices because of tariffs

8,565 Views | 115 Replies | Last: 7 mo ago by docb
Signel
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Quote:

But, in the long run, hopefully these companies make changes that don't keep up so invested in china's manufacturing base.
That is really the long game here. We will force companies to move out of China and other hostile supply chains. Many companies have been adjusting for years since the last trump administration. They should have known he'd continue it if elected, and should have been making sure China wasn't their sole source of supplies.

I don't feel sorry for anyone that doesn't have the business acumen to prepare for the worst and weather the storm. In the long run, the country and the world will be better off without a hostile China gaming the system.
No Spin Ag
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Who?mikejones! said:

I'll be honest, it's going to cause problems on my industry. We use many things made in China or Canada.

But, in the long run, hopefully these companies make changes that don't keep up so invested in china's manufacturing base.

Im getting weekly emails of prices increases of 20-30% on various items linke sinks, Faucets, appliances, door hardware, cabinet hardware. Haven't seen it in the lumber yet, or in the paint, concrete, insulation, roofing material (aka, things not manufactured overseas).




Won't those increases trickle into the housing and any other market that builds things like that?

Who?mikejones!
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Yes. But, it's likely .001 or something percent of overall.

For example, if you've got an allowance budget 500/faucet and you need 8 faucets today for a total allowance of $4000, and we need to increase it 20%, now you need an allowance of $4800 to cover the tarrif related increases.

So, say the overall budget is 1.75 million, 800 dollars is a .0005 increase in the budget.

Repeat that with all the categories that are impacted and you might get to a 1 or 2 percent overall increase in the budget.

So, would I eat that in order to not lose a big job- probably. Would i try to pass it through- without a doubt.

It.might be that the clients would need to sacrifice some superficial item they want in the house for now to pay for the extra tariff costs. Or, maybe austin could be less authoritarian in the way it makes you build homes and we could recover the cost.
Secolobo
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No Spin Ag said:

Secolobo said:

Little breakfast place I frequent posted that due to coffee tariffs, refills will no longer be free.
Coffee tarriffs?
Why don't they just charge a little more?
Sounds like they are trying to make a statement.


They'd have put up a sign explaining why it they wanted to make a statement.

I'd recommend taking your business to a bigger place that can afford to eat the extra cost easier than the smaller places.

If tariffs are going to increase prices (and it's looking like that is going to happen) then not only will the average American need to be in a little pain, but also the smaller businesses.

The average American can adapt and be okay. The smaller businesses, who knows.
They did put up a sign.
Seems like they could just raise the cost per cup. the locals don't really look at that, but to stop free refills... You have to ask the girl for a refill behind the counter anyway.
That would be like a mexican restaurant not refilling you cup while sitting at the table. Just raise the price of a cup.
aggiedent
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Signel said:

Quote:

But, in the long run, hopefully these companies make changes that don't keep up so invested in china's manufacturing base.
That is really the long game here. We will force companies to move out of China and other hostile supply chains. Many companies have been adjusting for years since the last trump administration. They should have known he'd continue it if elected, and should have been making sure China wasn't their sole source of supplies.

I don't feel sorry for anyone that doesn't have the business acumen to prepare for the worst and weather the storm. In the long run, the country and the world will be better off without a hostile China gaming the system.


I'm in total agreement that there are certain things with national security implications that we should never be buying from China. Common sense imo.

But……….. if we're being honest………..if we use tariffs to force manufacturing (especially the type crap you find in Walmart or Target) out of China and back to the states, it's going to increase the costs for businesses and consumers. The price we pay for fiddling with the free market.

Some might be fine with that, but those lower third income folks certainly won't be.
No Spin Ag
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Secolobo said:

No Spin Ag said:

Secolobo said:

Little breakfast place I frequent posted that due to coffee tariffs, refills will no longer be free.
Coffee tarriffs?
Why don't they just charge a little more?
Sounds like they are trying to make a statement.


They'd have put up a sign explaining why it they wanted to make a statement.

I'd recommend taking your business to a bigger place that can afford to eat the extra cost easier than the smaller places.

If tariffs are going to increase prices (and it's looking like that is going to happen) then not only will the average American need to be in a little pain, but also the smaller businesses.

The average American can adapt and be okay. The smaller businesses, who knows.
They did put up a sign.
Seems like they could just raise the cost per cup. the locals don't really look at that, but to stop free refills... You have to ask the girl for a refill behind the counter anyway.
That would be like a mexican restaurant not refilling you cup while sitting at the table. Just raise the price of a cup.


I get where you're coming from, and we (Americans) are spoiled by getting used to free refills on things like chips or coffee, when in most places around the world there's no such this as free refills.

Hopefully this (increased prices) will be temporary and soon it'll all be a memory we moved on from.
BigRobSA
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aggiedent said:

Signel said:

Quote:

But, in the long run, hopefully these companies make changes that don't keep up so invested in china's manufacturing base.
That is really the long game here. We will force companies to move out of China and other hostile supply chains. Many companies have been adjusting for years since the last trump administration. They should have known he'd continue it if elected, and should have been making sure China wasn't their sole source of supplies.

I don't feel sorry for anyone that doesn't have the business acumen to prepare for the worst and weather the storm. In the long run, the country and the world will be better off without a hostile China gaming the system.


I'm in total agreement that there are certain things with national security implications that we should never be buying from China. Common sense imo.

But……….. if we're being honest………..if we use tariffs to force manufacturing (especially the type crap you find in Walmart or Target) out of China and back to the states, it's going to increase the costs for businesses and consumers. The price we pay for fiddling with the free market.

Some might be fine with that, but those lower third income folks certainly won't be.
Besides the fact that tariffs, like all liberal policy, will fail to bring back mfg, since we will still have the overregulation and ridiculous tax rates keeping it out.

We should fix the problems liberalism caused with conservative policy, not MORE idiocy via liberal policy. That is the literal definition of crazy. Or tard.
aggiedent
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AG
BigRobSA said:

aggiedent said:

Signel said:

Quote:

But, in the long run, hopefully these companies make changes that don't keep up so invested in china's manufacturing base.
That is really the long game here. We will force companies to move out of China and other hostile supply chains. Many companies have been adjusting for years since the last trump administration. They should have known he'd continue it if elected, and should have been making sure China wasn't their sole source of supplies.

I don't feel sorry for anyone that doesn't have the business acumen to prepare for the worst and weather the storm. In the long run, the country and the world will be better off without a hostile China gaming the system.


I'm in total agreement that there are certain things with national security implications that we should never be buying from China. Common sense imo.

But……….. if we're being honest………..if we use tariffs to force manufacturing (especially the type crap you find in Walmart or Target) out of China and back to the states, it's going to increase the costs for businesses and consumers. The price we pay for fiddling with the free market.

Some might be fine with that, but those lower third income folks certainly won't be.
Besides the fact that tariffs, like all liberal policy, will fail to bring back mfg, since we will still have the overregulation and ridiculous tax rates keeping it out.

We should fix the problems liberalism caused with conservative policy, not MORE idiocy via liberal policy. That is the literal definition of crazy. Or tard.


It's remarkable how blindly following and supporting a politician can make people do the most amazing mental gymnastics to support policy they would normally ridicule. But there we are.

I fully agree that Trump's tariffs are hardly likely to move the needle in bringing back manufacturing. Partially because of the reasons you mentioned. And partially because most large corporations know he's only got 3 1/2 years left in office and the tariffs are going to be removed by the next president almost certainly.

Hell, most high tech factories take 3 1/2 years or more to build these days. No CEO worth his salt is going to make a major manufacturing decision that increases their production costs based on a short term president's wacky policy.

BigRobSA
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aggiedent said:

BigRobSA said:

aggiedent said:

Signel said:

Quote:

But, in the long run, hopefully these companies make changes that don't keep up so invested in china's manufacturing base.
That is really the long game here. We will force companies to move out of China and other hostile supply chains. Many companies have been adjusting for years since the last trump administration. They should have known he'd continue it if elected, and should have been making sure China wasn't their sole source of supplies.

I don't feel sorry for anyone that doesn't have the business acumen to prepare for the worst and weather the storm. In the long run, the country and the world will be better off without a hostile China gaming the system.


I'm in total agreement that there are certain things with national security implications that we should never be buying from China. Common sense imo.

But……….. if we're being honest………..if we use tariffs to force manufacturing (especially the type crap you find in Walmart or Target) out of China and back to the states, it's going to increase the costs for businesses and consumers. The price we pay for fiddling with the free market.

Some might be fine with that, but those lower third income folks certainly won't be.
Besides the fact that tariffs, like all liberal policy, will fail to bring back mfg, since we will still have the overregulation and ridiculous tax rates keeping it out.

We should fix the problems liberalism caused with conservative policy, not MORE idiocy via liberal policy. That is the literal definition of crazy. Or tard.


It's remarkable how blindly following and supporting a politician can make people do the most amazing mental gymnastics to support policy they would normally ridicule. But there we are.

I fully agree that Trump's tariffs are hardly likely to move the needle in bringing back manufacturing. Partially because of the reasons you mentioned. And partially because most large corporations know he's only got 3 1/2 years left in office and the tariffs are going to be removed by the next president almost certainly.

Hell, most high tech factories take 3 1/2 years or more to build these days. No CEO worth his salt is going to make a major manufacturing decision that increases their production costs based on a short term president's wacky policy.


Truth.

We got two fancy CNC machines delivered last June. Windows based OS, GCODE for the CNC language, etc.

They still aren't completely set up and cutting heads for diesel blocks. A year later.

Our third party contractors are ridiculously short-staffed. And we're talking specialized techs, making $40-50 plus an hour. They lost a lot of people (not via death) during the COVID idiocy under Trump and Biden, and haven't made it back up yet.

We have a five year plan to upgrade our facility and I don't think that's even remotely doable given that current situation. My robots are outdated beyond belief. They go full tard at times.
MaroonStain
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Humans love to cling onto status quo until they are staring the precipice in the face
docb
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Agree with you 100%. I can't fathom how people can't see that.
 
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