Obviously I don’t know the business in question, but it’s quite possible that the company has a bunch of longer running contracts that would become a loss if the inputs become much more expensive.
Of course, businesses will use the opportunity to charge more, but sudden price hikes are a very real problem.
This is almost certainly what’s happening. The proposed tariffs will be very hard on American businesses and devastating for the consumer. It’s quite literally a fairly severe tax on domestic companies and the American people. But, honestly, we could do with a less consumerism in this country. Unfortunately, it’s likely to cause a tough economic downturn that will hurt poor people the most.
Be hilarious if Trump simultaneously collapses the economy and starts a green movement built around an inherent need for a second hand economy.
I want to hope that it’s this
I sell steel, and we have been telling everyone to buy as much of their estimated annual usage as possible right now in order for us to hold the pricing, especially if it isn’t mill runs and double especially for exotic alloys.
It’s going to fuck over so hard the small machine shops that are prevalent everywhere that just do whatever jobs get called out and don’t really have the sway or size to be able to negotiate a better deal.
The same machine shops that were flying Trump memorabilia.