A Costco executive warned consumers that potential price hikes in stores could be a result of President-elect Donald Trumpâs proposed tariffs.
The recent trend of tariffs could have a silver lining.
Removing dirt-cheap goods from the market will make it more difficult to ignore the underlying problem: People are not being paid enough for their labor to afford the things they need at home. Instead, they are expected to depend on subsidized/sketchy foreign manufacturing, while corporations and the super-rich are being allowed to extract a disproportionate share of the worldâs wealth from everyone else, hoard it, buy favorable legislation and policies, and avoid paying their fair share in taxes.
This is already unsustainable. I suspect tariffs will make it more obvious.
I hope it will lead to positive and long-overdue changes. Unfortunately, I think itâs likely to make things worse for a great many people before it makes things better.
I could agree with this if there was a movement to produce domestically, then tariff imports. What Iâm seeing is a tariff in an effort to drive domestic production and I just donât see that environment being a good investment without significant government subsidies.
The US wanted more Silicon foundries so theyâre dolling out big bucks to make it happen, once youâre producing domestically, you tariff similar imports to drive sales of local goods.
I mean, Iâm not an expert in macroeconomics by any means, so itâs possible that Iâm way off and the tariffs of cheap imports will start to drive multinational conglomerates to take a hit on cash flow and invest in domestic production. Thatâs a big leap of faith to take when you have a hungry nation though.
I dont see how tariffs are going to remove cheap goods. Its just going to raise the price floor.
Omfg, it finally dawned on me. The reason the stocks when up when Trump got elected. These fucking ghouls really see any excuse to increase prices as a win. Jesus fucking christ⌠Thereâs no stop until enough people will literally drop dead.
Is this the straw that will break the back of the $1.50 hot dog and drink???
All these shitheels knew about it before the election, yet chose not to mention it.
Do these leeches even think about whatâs gonna happen when the blood of the economy runs dry because of their greed?
Anyone with a fucking brain in their head knew this would be the effect. It was said multiple times by many people but ignored by idiots generally.
Not that Iâm defending them, however, they do not have an obligation to educate the American electorate. Trust me, I understand the outrage, however, in this case I think itâs misplaced. Itâs not entirely the fault of Walmart and Costco CEOâs that everything is built from the ground up to be against the average person. In this specific case, especially when it comes to politics, I point to the absolute failure of the American education system to have massive amounts of the voting populousâ understanding of how the US government functions end in the 6th grade.
Now we can go back and fourth on the causes of the lack of education. In which, thereâs still blame to put on CEOâs, but itâs a feature, not a bug that it is the way it is.
Youâre not wrong. There are a lot of factors in play. But I donât think the outrage is misplaced. In fact, I think Iâm being pretty calm considering that the only reason why these corporate monsters chose to be silent until now is because they want to raise prices while pointing the finger at someone else. They know that if they raise prices âbecause they had toâ, they likely wonât have to lower them again even if the tariffs go away.
I see your perspective for sure, and maybe Iâm being way too optimistic/naive,(especially cause Iâm going to reference capitalism and itâs the reason weâre having the conversation to begin with) but, isnât the idea of âfree marketsâ that if that were to happen, it opens the door for a competitor to undercut and take the market share?
Which the counter to that is, theyâre in cahoots, but my counter to that would be, the little guy doesnât care if the big guys set prices. Idk. Itâs circular and the world is fucked as is.
Iâll get mine and Iâll be fine!
- motto of the American
Most of the people I talk to care about the downtrodden and homeless, but if they, themselves are prepared⌠Itâs what are ya gonna do⌠SighâŚ.
They donât really care, none of them would ever step foot in a soup kitchen, give anyone $5. Itâs in the moment, saving face or not at all.
Born too late to explore the seas.
Born too early to explore the stars.
Born just in time to see the price of a Costco hotdog go up.
The hot dogs should be fine, actually. Theyâre made in California and the CEO is extremely averse to raising their prices.
