Anonymous wrote:Trump is destroying a system it took 50 years to build. 80% of the jobs in the US are white collar or service jobs and 10% are manufacturing. Manufacturers in the US have problems filling their jobs now.
No one wants to work in manufacturing. There is no reason to replace high paying white collar jobs with low paying factory jobs.
I have yet to see one person quit their white collar job for a manufacturing job. Do you know anyone who wants their kids to work in a factory? Let’s have Trump’s children quit their jobs and work in a factory.
Also the US has/had a huge surplus in services section exports. This is not 1920.
Anonymous wrote:Don't forget that you have to also consider consumer behavior. Product availability will be impacted both by true scarcity AND by consumer behavior. Just like with Covid, people will be increasingly scared and will begin clearing shelves.
Anonymous wrote:Yes. I'm in Procurement for a major electronics manufacturer and I can tell you that the supply chain is already severely f'd up, Material costs in our sector are unsustainable. Ports like Long Beach and Seattle have laid off dock workers and truckers for lack of cargo. I can't imagine how small businesses are going to survive.
Anonymous wrote:The CEOs of some of the biggest retailers (Walmart, Target, Home Depot) met with Trump and let him know that the tariffs would cause empty shelves in the next few weeks. Most retailers told Trump that they have 6-8 weeks worth of goods.
Anonymous wrote:Americans need to buy less crap from China.
Anonymous wrote:Remember paper products scarcity during Covid and the price gauging? Expect more of the same. Buy canned goods, pasta, anything with along shelf life. Trump and the useless GOP in both chambers are such a huge stinking steaming pile of excrement. May they rot in the fires of Hell!
Anonymous wrote:Explain this to me like I’m 5, in the next two weeks, if I go to Walmart or Safeway, what goods will be missing?
So far the hyped up freak outs are understandable but I’m not seeing the reality of the tariffs.
When will I notice? I don’t eat avocados and I don’t need a new car .
Anonymous wrote:Anonymous wrote:Anonymous wrote:I hate Trump and am trying not to overreact about how he is tanking our economy, but I see a lot of “threads” about people who think we should start to stockpile supplies. And that in 6 weeks our stores will be empty. Does anyone think that’s true?
Container cargo ports are emptying out and truck traffic is way down. The people who track this say in 2-3 weeks we will see empty shelves and reduced choices. It’s a large system and there is still water in the hose. Once that is through the system there is nothing or very little behind it. This will cause layoff in manufacturing in the US.
Another point nobody is talking about is the US does not have a system for tracking and charging tariffs. Right now it is an honor system with spot checks. Trump has fires most of the people who were responsible for this. The other day the computer system crashed and the US did not collect tariffs that day. There are ways to game the system, lie or pay off people. In other words smuggling. We could see the Trump administration just looked the other way and allows large scale smuggling.
Trump is claiming 8 billion a day in tariff revenues and the reality is more like 200-250M.
The debt is exploding.
Anonymous wrote:Americans need to buy less crap from China.
Anonymous wrote:Anonymous wrote:I hate Trump and am trying not to overreact about how he is tanking our economy, but I see a lot of “threads” about people who think we should start to stockpile supplies. And that in 6 weeks our stores will be empty. Does anyone think that’s true?
Container cargo ports are emptying out and truck traffic is way down. The people who track this say in 2-3 weeks we will see empty shelves and reduced choices. It’s a large system and there is still water in the hose. Once that is through the system there is nothing or very little behind it. This will cause layoff in manufacturing in the US.
Another point nobody is talking about is the US does not have a system for tracking and charging tariffs. Right now it is an honor system with spot checks. Trump has fires most of the people who were responsible for this. The other day the computer system crashed and the US did not collect tariffs that day. There are ways to game the system, lie or pay off people. In other words smuggling. We could see the Trump administration just looked the other way and allows large scale smuggling.
Anonymous wrote:Anonymous wrote:It's obvious none of the people here work in CPG. Any increases you see before July 1st will not be related to tarrifs. Companies stockpiled inventory in preparation to get through the quarter.
No Trump did this pretty fast and without warnings. The majority of companies were caught.