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<blockquote data-quote="RobGMN" data-source="post: 8884232" data-attributes="member: 683408"><p>You said the "end of the supply chain" won't be affected. We'll use WalMart as an easy example of the "end of the supply chain".</p><p>WalMart is a direct importer of many of the goods they sell. They ARE the end of the supply chain.</p><p>Like most retailers, they shoot for a 50% GPM, and had $533 BILLION in US sales in 2023 . It's estimated that 80% of their goods are from China, so $400 BILLION is sales of Chinese goods in one year. Since they keystone their cost to get their selling price, that's a COGS of $200 BILLION.</p><p></p><p>Now, let's tack a 25% tariff on those goods. WalMart now has to pay an additional $50 BILLION for those goods.</p><p>WalMart is notorious for how thin they make profits for their producers. They are brutal. Remember when they broke the price barrier on CDs that had existed for a decade? Their producers have little to no room to move after WalMart is done with them, much less the ability to eat 25% or even half that.</p><p></p><p>So, that leaves $50 BILLION that SOMEONE has to foot the bill for. We can be sure WalMart isn't going to just take the hit. They've already said so. That means it gets passed on to the consumer.</p><p></p><p>I haven't been able to find a quote by any company CEO who has said <em>"we're happy to cut into our profits to keep retail prices the same", </em>but maybe they exist.</p><p>Trump could be one of them, with his $60 bible that costs $3 to make. </p><p>But American retailers don't see anywhere near that kind of margin...</p><p></p><p></p><p>Not at all. But when the owner makes more in an hour than 35,000 employees combined (the employees who make HIM the $300,000), the imbalance might be a little too extreme. Kind of approaches a "robber baron" theme.</p><p>And the employees actually DO have a financial risk in the business. THEIR JOB.</p><p></p><p></p><p>Trump's ideas didn't solve the immigration problem most of our country wants fixed. Remember, he was POTUS for 4 years too. What are his new ideas and tactics?</p><p></p><p>Can you explain how you equate a 25% price increase to much of the goods you buy stops the flow of drugs into our country?</p><p>Do you think that charging more for the goods you buy will leave us with less money for drugs, and then the import of drugs will stop?</p><p></p><p>We have been in a war on drugs for 50 years. It's a war we simply can't and won't win until we eliminate demand. We know this. History shows this.</p><p>Demand will ALWAYS result in a supply if money is to be made.</p><p></p><p>So, how does a 25% price increase on your new 75" Sony TV eliminate the demand for illegal drugs?</p><p></p><p>[ATTACH=full]61584[/ATTACH]</p><p>[ATTACH=full]61585[/ATTACH]</p><p></p><p><em>"Just ask Timothy Boyle, the CEO of Columbia Sportswear, who told investors recently that “the argument about tariffs improving the domestic production of items such as footwear and apparels are fallacious …. the commodities that we engage in with footwear and apparel are among the most highly tariffed in United States. Some of the product carries as much as nearly 40% duties, and that has not translated into increased investment in domestic production.”</em></p><p><em></em></p><p><em>In an interview with <a href="https://www.washingtonpost.com/business/2024/10/30/companies-tariffs-trump-prices/" target="_blank">the Washington Post last week</a>, Boyle was more direct, saying the company is already planning to raise prices. “We’re buying stuff today for delivery next fall. <strong>So we’re just going to deal with it and we’ll just raise the prices.</strong> … It’s going to be very, very difficult to keep products affordable for Americans.”"</em></p></blockquote><p></p>
[QUOTE="RobGMN, post: 8884232, member: 683408"] You said the "end of the supply chain" won't be affected. We'll use WalMart as an easy example of the "end of the supply chain". WalMart is a direct importer of many of the goods they sell. They ARE the end of the supply chain. Like most retailers, they shoot for a 50% GPM, and had $533 BILLION in US sales in 2023 . It's estimated that 80% of their goods are from China, so $400 BILLION is sales of Chinese goods in one year. Since they keystone their cost to get their selling price, that's a COGS of $200 BILLION. Now, let's tack a 25% tariff on those goods. WalMart now has to pay an additional $50 BILLION for those goods. WalMart is notorious for how thin they make profits for their producers. They are brutal. Remember when they broke the price barrier on CDs that had existed for a decade? Their producers have little to no room to move after WalMart is done with them, much less the ability to eat 25% or even half that. So, that leaves $50 BILLION that SOMEONE has to foot the bill for. We can be sure WalMart isn't going to just take the hit. They've already said so. That means it gets passed on to the consumer. I haven't been able to find a quote by any company CEO who has said [I]"we're happy to cut into our profits to keep retail prices the same", [/I]but maybe they exist. Trump could be one of them, with his $60 bible that costs $3 to make. But American retailers don't see anywhere near that kind of margin... Not at all. But when the owner makes more in an hour than 35,000 employees combined (the employees who make HIM the $300,000), the imbalance might be a little too extreme. Kind of approaches a "robber baron" theme. And the employees actually DO have a financial risk in the business. THEIR JOB. Trump's ideas didn't solve the immigration problem most of our country wants fixed. Remember, he was POTUS for 4 years too. What are his new ideas and tactics? Can you explain how you equate a 25% price increase to much of the goods you buy stops the flow of drugs into our country? Do you think that charging more for the goods you buy will leave us with less money for drugs, and then the import of drugs will stop? We have been in a war on drugs for 50 years. It's a war we simply can't and won't win until we eliminate demand. We know this. History shows this. Demand will ALWAYS result in a supply if money is to be made. So, how does a 25% price increase on your new 75" Sony TV eliminate the demand for illegal drugs? [ATTACH type="full" width="740px" alt="1732851564659.png"]61584[/ATTACH] [ATTACH type="full" width="585px" alt="1732851655154.png"]61585[/ATTACH] [I]"Just ask Timothy Boyle, the CEO of Columbia Sportswear, who told investors recently that “the argument about tariffs improving the domestic production of items such as footwear and apparels are fallacious …. the commodities that we engage in with footwear and apparel are among the most highly tariffed in United States. Some of the product carries as much as nearly 40% duties, and that has not translated into increased investment in domestic production.” In an interview with [URL='https://www.washingtonpost.com/business/2024/10/30/companies-tariffs-trump-prices/']the Washington Post last week[/URL], Boyle was more direct, saying the company is already planning to raise prices. “We’re buying stuff today for delivery next fall. [B]So we’re just going to deal with it and we’ll just raise the prices.[/B] … It’s going to be very, very difficult to keep products affordable for Americans.”"[/I] [/QUOTE]
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