Economy

Archy1221 said:
Thats a pretty dumb comment by WH.  If they don’t like the policy ramifications then don’t do the policy. 
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BigRedBuster said:
These people are f#&%ing loonytoon.  If things don't change, around June, we will have to start putting an added "Tariff Charge" on some of our invoices.

Ooooo.....I guess I'm being hostile.
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I'm not a huge math whiz, but wouldn't a 10% "import tax" raise a price 10%?

Can someone double check my arithmetic???

 
Gonna be 6 straight green market days now.   Too bad they weren’t all 2% jumps like many of the down days.   Hopefully we hit the bottom 10 days ago and it’s green sailing from here.  
 

The tariff’s or lack thereof will probably tell that story though.  

 
funhusker said:
I'm not a huge math whiz, but wouldn't a 10% "import tax" raise a price 10%?

Can someone double check my arithmetic???
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It's going to be 10% on your cost.  Then, it all depends on what your markup is.  Some industries work on very thin mark ups and can't absorb that. Others work on large markup and can.  So, if you buy a product for $100 and there's a 10% tariff, that will mean your cost is $110.  If you work on a 20% markup, that means your price went from $120 to $132.  So, it's not an exact 10% increase in price.  Some industries might only be marking this stuff up 10-15%.  Others may be marking it up 100-200%.

Our problem is, the tariffs that are currently on our products from China are WAY higher than 10%.

 
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Archy1221 said:
Gonna be 6 straight green market days now.   Too bad they weren’t all 2% jumps like many of the down days.   Hopefully we hit the bottom 10 days ago and it’s green sailing from here.  
 

The tariff’s or lack thereof will probably tell that story though.  
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The window to undo this catastrophic tariff policy is still open, which I think is largely what the market is responding to, but if the market begins to believe that these tariffs are actually permanent, we're in for a world of hurt.

 
Interesting GDP numbers.   Tariffs uncertainty took a toll with the big increase in imports negatively affecting GDP.   The Q1 number ended up almost exactly in the middle of the Atlanta Fed and the Other Fed projections. 
 

I wonder if the Q2 GDP will normalize with a lower import number or if we see a continued downtrend.  
 

And ughhhhh, the market is giving back 2-3 days worth of gains 👎

 
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