Did People Vote For Higher Peices

[pxmcc]

a 30 day reprieve, and both Canada and Mexico thinking they need to find some saner/more stable trading partners, like say maybe China? Trump did lasting damage no matter how this turns out.
fool me once, shame on you. fool me twice, shame on me. that's how Mexico and Canada will view this.
further, tariffs make no sense when you don't have a corresponding domestic manufacturing industry to support. that's why blanket tariffs make no sense. when was the last time we made all of our own stuff, or had a domestic steel industry to support?
if you want to reshore American manufacturing, you need to meet the potential factory owners where they're at. "what do you need to make this happen?" that's the only question that matters.
tariffs are way too blunt an instrument. they will just drive up inflation for no good reason.

Originally Posted by The_Waco_Kid

these posts didn't age well did they?


https://www.latimes.com/world-nation...s-on-u-s-goods


Mexico and Canada reach deals with Trump, but China tariffs loom

[RX792P]

Originally Posted by Salty Again

... So, yer sayin' that Target - the National retailer
did NOT claim that they were LOWERING prices??

And you're also sayin' that shoppes and grocery stores
DON'T have handbills and adverts that say "LOWERING PRICES"??

... Kroger's ... Safeway... Publix... Shop-n-Save,
Wegman's ... Giant Eagle - and the like??

... If You ARE claiming that - you're obviously out of touch
with what's going on, or just simply ignorant of the FACTS.

#### Salty

It would appear you are the one who is being ignorant.

The food-at-home (grocery store or supermarket food purchases) CPI increased 0.1 percent from November 2024 to December 2024 and was 1.8 percent higher than December 2023; and
The food-away-from-home (restaurant purchases) CPI increased 0.3 percent in December 2024 and was 3.6 percent higher than December 2023.
In 2025, overall food prices are anticipated to rise at a rate similar to that of 2024 and at a slower pace than the historical average rate of growth. In 2025, prices for all food are predicted to increase 2.2 percent, with a prediction interval of -0.4 to 4.9 percent. Food-at-home prices are predicted to increase 1.3 percent, with a prediction interval of -2.7 to 5.5 percent. Food-away-from-home prices are predicted to increase 3.6 percent, with a prediction interval of 2.0 to 5.1 percent.

[Salty Again]

Originally Posted by RX792P

It would appear you are the one who is being ignorant.

... So, yer showing that prices increased in November?
No doubt they did - Biden was still on. ...

But there's NO denying that stores such as Target and
grocery shoppes ARE LOWERING their PRICES.
Their adverts SHOW IT - and the LOWER PRICES...

We can call it - "The Art of the 'DEAL'!" ...

... Winning! ...

#### Salty

[1blackman1]

Dude. Don’t be intentionally obtuse. Soon I’ll just add you to ignore.

[RX792P]

Originally Posted by Salty Again

... So, yer showing that prices increased in November?
No doubt they did - Biden was still on. ...

But there's NO denying that stores such as Target and
grocery shoppes ARE LOWERING their PRICES.
Their adverts SHOW IT - and the LOWER PRICES...

We can call it - "The Art of the 'DEAL'!" ...

... Winning! ...

#### Salty

Show us one of those 'adverts'....Thanks.

Oh, here we go
https://corporate.target.com/press/r...-shopped-items
May 20, 2024

https://www.seafoodsource.com/news/f...grocery-prices
May 30, 2024

Who was President on those dates?

[RX792P]

The 'Art of the Deal'

Chardonnay Love, an artist from Pennsylvania, says she received a text message from DHL on Tuesday explaining that she needed to pay $26.20 in import duties to get a Shein order that already cost her $267.14. The package was shipped from Guangzhou, China, and arrived at a customs office in Cincinnati on Tuesday, according to DHL tracking records she shared with WIRED. They show Love’s order was put on hold for several hours, during which she received the notice asking her to pay the import duties. DHL also noted the package would be returned in five days if she declined to do so.

[VitaMan]

What is the issue with import duties ? It is common depending on the product. Courier companies are required to do this.

[VitaMan]

Originally Posted by Salty Again

..

But there's NO denying that stores such as Target and
grocery shoppes ARE LOWERING their PRICES.
Their adverts SHOW IT - and the LOWER PRICES...

#### Salty

A little sad that the wool can be pulled over so easily


Stores always use the phrase "LOWER PRICES".
It is meaningless. It doesn't reference if prices were lower or higher before.
The phrase you cannot use is "always the lowest price". Stores got called on for using that.

[RX792P]

Originally Posted by VitaMan

What is the issue with import duties ? It is common depending on the product. Courier companies are required to do this.

Trump scrapped the 'de minimus' clause which allowed no tariffs on imports of $800 or under.

Temu and Shein shoppers will now have to pay those tariffs on Chinese imports.

An education on how tariffs really work...

[1blackman1]

Soon it’ll be even more cost effective to take a Trip to Mexico or Europe and make big purchases.

My wife and I figured out long ago that our annual or bi-annual European vacation was also the best way to do big item shopping.

She'll usually grab a couple $5000 - $6,000 bags and nice Cartier bracelet. I've bought my Rolexes there as well. The savings on those items versus their cost in the US generally pays for our trips. Well at least the non-1st class airfare portion (which is usually covered by the Delta or American Air miles).

A 10-15% tariff added to those goods would increase their prices another $1000 each. Hence making the trip to Europe even more attractive for shopping for high end luxury items.

As for pricing of everyday items for the general public, gas, groceries etc are not getting more affordable. In fact, people can expect to see fuel costs increase. I'm personally good for it, I get a few oil and gas checks monthly which are starting to increase. Who knew some vacant land in N. Louisiana would keep paying me for life. Nothing like free money (thanks white dude - great great grandpa - giving your black kids some land over 100 years ago).

[VitaMan]

You don't fill out those customs forms on the airplane coming back ? They have the line:


"items acquired for personal use....."

[1blackman1]

I’ve rarely declared anything of value. I think once I paid an fee of $70. We’ve generally shipped the goods back to the US for about $100 insured. The 12.5 VAT return usually comes in by the time we get settled back in the states. I’ve been fortunate enough that the euro/dollar conversion remains the same during and after the trip.

[RX792P]

Trump

For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies.

Not the first attempt. OTOH, what will be the practical impact? Prices will be 'rounded to the nearest nickel'? Yeah...pragmatically, that'd be to the next highest nickel. Higher prices.

Oops...
The mint also loses money on the nickel, with each of the $0.05 coins costing nearly $0.14 to make.

Next 'MAGA logical step'....eliminate the nickel.

Round prices to the 'nearest' dime. Again, pragmatically...to the next highest dime. Higher prices.

[Iceman]

Yes, eliminate the nickel also. If the cost ends in 1, 2, 3 or 4, it rounds down. If it ends in 5, 6, 7, 8 or 9 it rounds up. Pretty easy for a computer.

[RX792P]

Originally Posted by Iceman

Yes, eliminate the nickel also. If the cost ends in 1, 2, 3 or 4, it rounds down. If it ends in 5, 6, 7, 8 or 9 it rounds up. Pretty easy for a computer.

Pragmatically...if the penny and/or nickel are discontinued, do you believe retailers will 'round down'?
Or will they simply round up?

How about this? If you use debit/credit/check/etc. (non cash payment) the seller has to maintain exact pricing with no rounding.

Only if cash is a 'rounding' method to nearest nickel/dime allowed.