Businesses are using up the inventory they imported pre-tariffs, while others are fed up with taking a hit to their bottom line.
http://www.msn.com/en-us/money/companies/adidas-walmart-home-depot-and-other-major-brands-that-say-trump-s-tariffs-are-pushing-them-to-raise-prices/ar-AA1CfGcb
This is just in Arkansas..wait till it hits over the midwest. Beef pricing through the roof, head of lettuce close to $3.00. (but that's a immigration issue)
Farmers were already getting subsidies, now they're want more to stay afloat.
I don't want my tax dollars going to help someone when they can't help themselves. You voted for this...FAFO
The beef prices are not because of TARIFFS..... sorry to burst your bubble.
The beef prices are because of drought conditions (2024), a huge facility fire that killed thousands of cattle (2024), farmers selling cattle because they didn't want to feed them to full market weight and pay high price of feed (in summer of 2024), etc.... all in 2024. Ranchers were selling off calves or killing them because they didn't want to feed them out or it wasn't profitable....ie: they lost money. That is why we are getting clobbered right now. It takes 18-24 months to bring a calf to full market weight. So hopefully just like with egg prices... things will right in about 6 months or so... but time will tell.
Go buy pork right now.... cheap as hell. Same with chicken.
Now what the issue will be is that "WE" the consumer will get accustomed to paying those prices at the store. So when the price of cattle drops at the sales barn.... the prices at the store will not. Which happened about 10 years ago or so. Remember burger used to be around 99 cents a pound then jumped up.... then they got people used to paying higher prices.... market dropped on cattle.... stores left the inflated prices on burger but steak prices dropped.... If you dont remember this... I do. I was buying full prime ribs uncut for $3.99 a pound yet hamburger was $4.99lbs.... so I could grind prime rib up into burger cheaper than buying burger. YES THIS WAS TRUE. Same goes for the Loin primal (NY Strip) was buying for $3.99 a pound.
Anyways.... this "we" will need to watch out for. Like mentioned above.... if you have room in freezer... load up on pork and chicken. Ground pork (if your religion allows it) is a good substitute for beef.... just saying.
The beef prices are not because of TARIFFS..... sorry to burst your bubble.
ACTUALLY WRONG.... they did say it was because of the flu and that chickens had to be killed. But I guess you missed that.
Also you want to know what is going on RIGHT NOW.... California is trying to shut down 28 of the biggest cattle ranchers in the nation because they have ranch facilities too close to state and national grounds and they are "afraid" that they are going to get loose and go into those lands and the pollution. Yes the state and outside groups are trying to shut these down. So these ranchers are on a "wait and see" instead of producing beef right now.
Let alone the ranches that were lost prior, and leases lost under Biden admin. But I think Trump reversed or tried to reverse them... Some might be getting fought in court. (Marion County dispute and Point Reyes National Seashore).
Cattle ranchers and non cattle ranchers are seeing a high cost in operating expenses. Again see the video.
Feed, labor, machine parts, land leases are all tied into some sort of tariff, its a here and there.
And look at non beef products, soy beans is a popular product because as soy beans go...so will other products follow.
The high inflation is taking its affect and the dark cloud of tariff don't here
And by the way, pork isn't coming down or as cheap as you might thing, Chicken is the same prices have risen slightly...Beacon is still at 7,99lb and chicken breast, boneless are 3.99/4.99lb. Fucking Chorizo and believe it or not look at how that's price...that'll tell you everything you need to know. Was 1,69lb and it's 2.29lb and that's shit meat that is remains of who knows what.
And ranchers can't afford now to be on a "wait and see".
Chorizo..... that is processed... process foods you pay more because of labor.
Cattle ranchers I talked about the feed costs that is why last year they dumped them and they got slaughtered and is why we are in the situation we are in now. BUT right now.... cattle farmers can print their own money if they want too. Bottle feed calves in my area are going $1500.... Beef is hitting record prices weekly. Dairy farmers can sell steers for that price. Let alone what you could sell bred heifers for. Again.... nothing to do with tariffs... this was all done in motion prior to any tariffs and started because of weather conditions in 2024 and ranch/land battles in CA and a huge facility fire in TX that killed thousands of cattle. But I digress.
talk about LABOR.... that is a driving factor in all areas of the economy.... why is that.... $15+ states forcing min wage??? Which increases work comp insurance costs? Which makes unions say well if min wage is now going from $7.25 to $15 an hour and I was making $16 an hour we should get a raise of at least $4 an hour or we will STRIKE.... yeah... vicious cycle.
100% correct about soy beans. But with soy beans if prices are good farmers make bank. Which in some area's right now are getting white mold.
Well pork in my area I can get for $1.99 a pound or even $1.29 a pound depending on the cut. Whole loins.... $1.99..... uncut. Boston Butts... $1.29. Bacon depending on the brand anywhere from $5.99 to $9.99 and the thickness. But if I go direct to butcher buy the slab and cut myself.... well get it cheaper. Chicken breasts.... $2.99 to $3.99. Yeah all of this varies where you.... again we can do this all day with prices... Just like gas and what not.
You talk about land leases has nothing to do with tariffs.
1. Farmers cut their own throats on that one. they got into bidding wars with neighbors and drove up costs when prices were high and locked in long leases thinking prices would stay that way. Then fucked themselves. Same goes for when they were buying land and huge prices. Priced out the small guys and played right into corporate farmers hands.
2. Gov fucked them when it came to leasing fed and state ground. Biden did this with the "Green" push. Which I believe Trump is trying to open those acres back up. But not 100% sure.
ACTUALLY WRONG.... they did say it was because of the flu and that chickens had to be killed. But I guess you missed that.
Edinathens: "But that's not what Trump and the rightwing media told you. They blamed it on Biden, and you believed them without question, because it sounded good ideologically!"
CRSM: "ACTUALLY WRONG.... they did say it was because of the flu and that chickens had to be killed. But I guess you missed that."
Actually DIP SHIT..... I can read fine. I was showing you that people didn't blame BIDEN they blamed the FLU. They knew "Bidens" Department of Ag ordered the killing of egg layers because of the FLU. They knew this. They knew it was the FLU was the reason. But yeah.... YOU missed where I said that. Who cant fucking read.
Now people argue that the Avian Flu doesn't transmit to food ie: eggs. They questioned the killing of so many birds. Which the Dept of Ag has always been "over kill" when it deals with anything disease related. IE: if an operation has 10 buildings at 4 locations full of animals and disease is found at one location but vehicles go between all 4.... EVERYTHING MUST DIE.... to prevent spread type mentality.
It's good to see that there's someone else in here who finally understands how business and markets operate in the real world. I said it years ago when obama's Fight For $15 "movement" was launched. I stated several time, why stop at 15, why not 30 or 50? It's all relative and it would work out in a decade or so but get ready for a $9 big mac, dramatic inflation and an even more fucked up labor market for entry level work. Finding labor was terrible before the 'vid and the plandemic put that issue on steroids when the helicopter money arrived.
Yes, the unions love it because it pushed their wages that much higher. Good info on the commodity prices!
FYI, I read an article yesterday from one of the "world" organizations. Now they want to crack down on small chicken operations, especially the free range types. Ironically, these were the operations that for the most part, were not affected at all on the disastrous bird flu epidemic a few years back.
NO, you dumb righty fuck!! Right now you can get an $8.00 Big Mac meal deal - Big Mac, medium fries, and a medium drink. Except in Alaska, Hawaii, and Guam where it's $9.00 due to higher costs. It's also $9.00 in California because the minimum wage for fast food workers is $20.00/hour. How dare they!!! The nerve of California!! Making Californians pay $1.00 more just so workers can have a living wage. Outrageous!!
The new rallying cry of the fool.
TARIFTHS!
This article proved my point in past posts.
When discussing Tariffs they were not the "major" issue in the spring or early summer as they made them out to be. What I mean is corporations, CEO's, etc used "tariffs" as the boogyman and blamed Trump. It showed the GREED by corporations and how Dem's jumped the gun on blaming Trump for everything. I kept saying we will know more about how they will or will not work come early fall. But tariffs can or will be the "hero or failure" shortly....
Now I am still in a wait and see pattern because some things are starting to shift and some things are not. Some countries opened up trade while others are holding the line. China is the one that needs to break.... but Trump is pushing back the deadlines on somethings and not on others. Plus courts are holding things up from actually taking hold or going into action.... but those rulings are coming due soon. Sad part is that it all could hit at Christmas.
Again I will call out the bullshit on Trump's policy when it happens and it could very soon. This article posted just shows you how I was correct and the lies prior... and how NOW or very soon is when we will know for sure if the tariffs will work or wont.
The sad part is that raid of the Hyndi plant of the South Korean's....Which could fuck up the South Korean investment pledge. That will be interesting how it unfolds. We did have some agreement with South Korean on immigration, but it was something like 90 days without a visa. But I think the issue is that it is a visitor visa and they were "working". Which you would need a work visa instead..... but not sure.
Because trump always chicken out. Corporations need stability but now, they didn't know what tax to pay at the port on really any given day. One day they're on at XX percent the next day they're not. They can't develop a pricing structure or cost. Do they take the hit on the margin and if yes, what the tolerance level.
Some countries did get hit with a tariff, hence the cost of some goods on the rise. The big majority of the tariff are still in limbo, especially if the goods are from China.But companies have scaled back on their overseas orders for fear that the cost will fuck over their margins. They don't want to over produce so they're playing it "safe", booked orders are at the bare min.
So by November, My guess is that you'll see low inventory with high prices.
On a side note, John Deere laid off close to 300 employee. Think of farming equipment
100% correct and it is why I talked about it in past posts how we wont know about "tariffs" until now or later this fall. But people and CEO's in the all said they hurt companies right away in the Spring prior to anything happening and jacked up prices. THEY LIED. Which I was calling everyone out on. We needed to see if countries would cave or Trump would cave by this fall on tariffs and trade deals.... which that is coming to a head right as we speak.
John Deere is there own worse enemy. This is sad but true. They are laying off employees because they out priced themselves, their business model and leasing model and what not. They actually took advantage of farmers when farm economy was thriving and now are hurting when farmers are not buying new equipment and finding other alternatives for cheaper. I explained this i a post awhile back as well.
JD a few years ago changed how they leased or did their leases and what not. It was kind of screwy. But it boiled down to you could keep leasing the same machine. Which you could do in the past. You were actually forced to upgrade. It was in the fine print and wasn't explained. Which jumped up the price of leasing. Then also in the leases it was that only JD technicians could work on the machines which costs an arm and a leg. Which again was a different than the past. THEN many local JD stores were consolidated so instead of every small town having a dealership or one with in a short distance they were hours away and that meant a technician hours away. Well in the fall during "go time" when something was broken down it took days and weeks to get things fixed or to get a new "machine" to replace the leased one. Well that pissed many people off. So guess what... people changed from "GREEN" to other companies....ie: Case IH, Massey, New Holland, Cat, etc. That is for the Big Tractors. Now they still have the law care market going good. But many of those are made over seas and assembled here.
Anyways.....they fucked themselves over and have been "laying off" people for a few years. Again using "tariffs" as the boogyman when it was their own doing. They thought they were too big and the "brand" was too powerful to fail.
That was a bad message to send. The workers had permits and were legal to work here. I'm sure other countries who were thinking about invested in a very unstable, political hot bed like American might start to second guess their investment here. One thing, do companies from around the world want to invest here, then get shake down. Once you give it, there is no (intel) turning back with this administration.
I get trump is trying to offset the tax cuts to the billionaires but this is petty and really small. You know who this affect?? Beside the online shoppers who shops at Temu for a $10.00 top because they need to save money. It affects your mom and pop gift shops.
They buy all that shit you see on the floor from oversea vendor.They're invoices are about 600-700. They buy the small pictures frames that have those cutesy sayings, the little stuff teddy bear with the "I love you" on them. Most of what they carry are from companies in Asia that cater to their trinkets.
Now what happen when they lose some of those sales because of that slight price rise? That senior in high school who works part time may have to be let go. That senior person who does the morning shift, has to be let go....I'm getting teary eye now
Its a small price to pay for Amazon to succeed.
You want to blame tariffs.... well you can.
But this whole thing started with Min wage increases. If you dont think so.... WAKE UP.
That started the push of playing into Amazon's hands or any big corporation. Those places can absorb increases in labor and tariffs. Little companies cant. Also bigger companies can automate easier than little companies.
That senior in high school got hours cut and so did the elderly working part time when min wages increased. Increasing the price of a fucking trinket by $1 to $2 isn't going to do shit.
You buy "trinkets" from a China Vendor. Say the invoice from China is $800. US Customs notifies you that to release the goods, this $800 invoice is now $1040, based on the 30% tariff rate.
How would you feel? Would you dock that high school senior's hourly rate of say $10hr to the fed min of $7,25? Or would you increase the price of goods, say the 30%? Or do 20% and dock your workers, or would you eat it?
What I'm saying is, why does this administration need to be petty and small with the need to kill this $800 tax exemption just to be able to help fund billionaires tax cuts, and doing it partially on the backs of small businesses.
But I think you're ok with it.
That is a tough business decision to make. When I was in business of running retail it would have been eating some of the increase, increase in prices, and also cut in hours for the workers. But here is the thing..... You are talking a $200 increase in price (on your example). The market up on most retail "trinkets" is about 40-50%. Why do you think they offer 20%, 30%, 50% sales through out the year on things. They offer two for ones.... etc. But I digress.
If you want to know the smallest margin on stuff is actually food/produce those are the tariffs we should be pissed about. That is more in the line of 10-20% mark up. Lots of the sales lose money or break even. They want you in the door and they make money on volume and number of visits.
Funny you try to bring it back to a "fund billionaires" tax cuts. How about try to make it so we as a country don't go bankrupt.
You do know that the "tax cuts" are just keeping the tax code current. Not reverting it back to the pre 2017 code. Which would increase taxes on EVERYONE. So stop with the lies.
“But its his policies”
Add farmers to the list of the dumbest trump supporters
Thank you Donald
Yep this is a HUGE issue. It why they will be negotiations end of the week. Also why south america and other countries they are in negotiations with.
But China was a huge purchaser of soybeans and even corn.
Like I have mentioned over and over...... Right now is the time when this whole Tariff shit was going to come to a head. Right now is the time for Trump to put up or Shut up on his "master negotiator". It will see if his "plan" will work or not. Right now it seems the world called his bluff so to speak.
If Trump does brokers any deal, I’m sure it’ll involve his families crypto venture.
Look at the deal with the Saudis… he’s slowly selling us off
I think with China it is fucking Tik Tok is the issue. Seriously.... is it info sharing with it or info gathering. Using of towers?
Look how talks were "off" until Tik Tok was brokered. Now they are back on.
Once he met who I think was tie owner and they made a “deal”.
I wonder if tik tok contributed to his “Library “ ala Qatar 🤔
Not sure.
But he was "against" it because of the "stealing data" issue. Then what ever happened or he was saying the US was going to buy it. Then something happened or a little trade thing happened. (Cant remember....could have been a kick back)
But again..... time will tell. But with the whole Tariff shit..... I have been saying all along this fall is when it will be time to see if Trump is what he said he is. Last time he was in office countries "caved" right away. We will see what happens now. It will be interesting. I honestly think some are watching to see if the Gov will shut down or not. They know the turmoil in Congress. They also know if they "wait" 4 years things could be totally different. That is the fucking sad part.
The yo yo and polarization of the political parties right now. Both would rather fuck over the other side than do what is right for ALL THE PEOPLE. Yes I said BOTH PARTIES.... this isn't blaming one party over the other. This is blaming both. Look how they vote strictly party lines. THAT IS BULLSHIT.
Look how he pushed back the Tik Tok date again to December....
I am fucking telling you the trade deal with China is hinging on Tik Tok..... my gut feeling. Is it either a US company wants to buy it (elon, zuck, trump, etc).... China wants some rights to information or use of towers/satelites..... or something.
Look how each time there is trade talks with China, Tik Tok is in the mix at the same time.
Just like during Trump's first term, the taxpayers will end up bailing out the farmers for their losses.
"Bail then out once, shame on you...bail them out again....well you can't bail them out again, gotta stop this shit". My ode to W.
Bailing out Farmers..... Has been every president. Know History.
You do know what DFL stands for dont you..... Democratic FARM Labor Party. So get off your high horse.
It use for pricing as well, to control pricing. I get that..
But when this is self inflicted on something where they actually had a say on and they choose the wrong course, C'mon now.Its like giving a cocaine addict another line to snort.
I live in a fire hazard area, my insurance is going the the roof, trump is fucking with FEMA and now I see farmers asking for handout...sorry but FUCK THEM
I am all for bailing out family farms when they're the victims of bad weather, biological pandemics, insect infestations, or other acts of God (fires for example). However, I don't favor letting politicians create problems using tariffs and embargoes, and then we taxpayers having to bailout the farmers because of the excesses of government. The classic example is soybeans.
Thing is…. If it hits, it didn’t have to happen
Trump's tariffs are a double whammy. They are in the process of raising prices while at the same time they have handcuffed the Fed from cutting rates. Because the Fed knows tariffs are fundamentally inflationary but, because they can't know exactly HOW inflationary, they have needed to wait for more data.
On top of that, Trump's war with the Fed has undermined the credibility of the US dollar as the world's most stable reserve currency. This has been exacerbated by Trump's meddling with the BLS so our economic numbers can no longer be trusted.
And Trump's tax give-away also will stoke inflation and blow a huge hole in the deficit and national debt.
It's a formula for stagflation.
Really..... credit scores are dropping because people were compiling debt under Biden and right now they are starting to default or not keeping up with payments.
the debt was collected under Biden. Not being paid back under Trump. To blame this on Tariffs is completely FALSE. Jesus people. Debt has been climbing for households since COVID. Especially when covid relief money stopped. Why do you think Trump wants to inject cheap money into the economy with lower interest rates.... so people will borrow to pay off credit cards.....YET that will increase more debt because they will just push it onto homes...ie: refinances, HELOC's, etc. So people actually won't be getting out of debt but will have the illusion of getting out of debt.
Biden and the Dem's had a great plan or idea of lowering/capping interest rates on CC and also cutting fees. But I honestly cant remember what happened or why that got killed. I am sure others threw bullshit things into the bill that killed it. Just like all good ideas.
I thought, per trump that inflation would end on day one, yes? And that the economy would be booming, yes? If all that did or were suppose to have happen, would the personal debt be paid off by now? Wouldn't we be flowing in all this wealth?
It is what people voted for, yes? Or were they had??
Pleas keep this simple and avoid the open borders, the debt and all the other minutia..
How's THAT workin' out for all you pinheads?
Grocery prices are down on many things and others they are up. YEAH... how is that working...... and it is the truth.
I can tell you that my money now does go further than it did under Bidens last year in office at the grocery store when I am not buying certain things. Yes comparing apples to apples. Buying things other than beef and certain goods. Now when you mix in those goods it brings the prices to about the same as when under Biden.
Milk prices down, butter down, eggs down, chicken down, pork down, veggies down, sea food down (depends where you are and type u are buying), canned good down, etc. Yeah..... what is up....BEEF, certain grain products, coffee, tea, certain sugary drinks, etc. In all and all it isn't "cheaper" or "more expensive" when you total it out. So both parties pounding their chests are idiots.
so is gasoline, by about 15 cents a gallon.
It could be regional.... and like I said it all depends on what you put in the basket.
"Milk prices down, butter down, eggs down, chicken down, pork down, veggies down, sea food down"
Veggies aren't down but that seems to be mostly immigration related, mangos out of season so those are up. Nectarines, I love them are 2.99lb,Orange juice, 56oz 3.99, use to be 2.99
Wake up, prices are still on the rise....My haagen dazs ice cream, in a pint was 6.49, use to be on a good day, 3.99 or 2.99 on sale..and I love that shit
Wake up, prices aren't coming down and thank god I don't drink coffee
Oh correct. Trump's rhetoric was.... I will end inflation, end wars, end everything the very second, I step into office. The whole world would be puppy dogs and rainbows. Just like every politician.
But anyone who actually thinks that is the case is an idiot. Sorry. Just like anyone who thinks that the economy can turn around in months good or bad. Just like with Biden..... He inherited stuff Trump did during Covid. The decisions made in Trumps last year with Covid funding FUCKED Biden and it kick started inflation. Now what they did the next 2 years.... 2022-2024 was on his administration. I always say the first two years of a Presidents term is partially the previous presidents. Year one is fully the previous administration and year two is part your decisions and part the previous presidents. Years 3,4 are all on you....and re-elected all 4 are yours to own.
Now to answer your questions on debt..... How can you get ahead in months? How can you get out of debt with in months? You do know how interest works? If people were only making "interest only" payments or minimum payments on CC the debt wont go away. Then if you make another purchase it actually goes up.... especially with FEES.
So lets get a base line with a credit at 19% and no fees. If under Biden years when debt kept going up per the chart/link I provided. Someone gained $10K in CC debt @ 19%..... an interest only payment would roughly be $200 a month. Which many people would do. Now if you want to pay it off in 5 years you roughly need to pay $450 a month. That an even monthly payment plan without adding more debt to it. Here is the thing..... people keep adding back to that $10K.....buy a new Iphone on credit, go on vacation, etc.
Now Trump is in office and they have $10K in debt and same terms as above....Nothing has changed.... still $10K in debt.
So unless people are making 10K more with in months of Trump taking office they wont pay off $10K in debt. Which still is what I believe is the average CC household debt....when they pay interest only.... or minimum payments without adding any other debt to the CC.
So going off that baseline... do you think people would be making or have and extra $10K since Trump in their pocket even IF the economy is booming.... with in months? Seriously. Now I am not calling you dumb. But if the average liberal wants to use that as an argument that people should be "out of debt" they were put into because of the debt they got into under the past administration with in months because of "Trumps Promises"..... then well....they are dumb. The best investors and debt reconciliatory couldn't make $10K go away with the average person wages in 7 months or so. Without MAJOR lifestyle changes or downgrades people wouldn't be taking on.
The key word in the caption is "Delinquency" on loans, credit cards etc etc. When you're delinquent its because you're not paying your bills. Credit scores were dropping before he went into delinqucy. All because of trump's weakness on handling inflation ::tariffs:: People are making hard decision whether to eat or pay that Master Card credit card that they've been living on.
And if the economy was booming like trump has said it is now, that guy making 40K a year might be in demand somewhere else at 60K. But instead now .he's probably a statistic on the 4.3 unemployment line
And maybe, that 20k in earning might take him off that "Delinquency" list.
You are not getting it. Delinquency is increasing debt and not making minimum payments. You still can be making payments but not minimum. Or you make late payments. Being "delinquent" is also being LATE. So if you pay your bill a week late, month late, etc. Which incurs more interest, late fee, penalties.
Everybody wants to fucking blame "tariffs"..... IT AINT FUCKING TARIFFS..... get that thru your heads. All of this isn't tariffs as of now. Everything right from Oct 1 and moving forward.... you might say is tariffs. But all these figures now.... NOPE.
Your comment about the 40K and what not. HOW THE FUCK can that happen when inflation for the past 2 years sky rocketed prices? Unless things drop by 10% or more or wages jump by 10% by the push of a button. That wont happen. Anyone on both sides of the political isle who think that are idiots. When the government flushed the economy with fucking money (covid) it created the in balance. Yes Trump was apart of that at the end of his first term. Now we are all reaping what the government did to us. They wouldn't let it correct itself. I could also go into how Biden inflated job numbers by creating government jobs... which again FUCKED us all....ie: more spending and artificial stimulus into the market that wouldn't let it correct itself. Even Trump what he is trying to do with these Tariffs is artificial unless we get more jobs/investment back into the US. Private sector investment and jobs is what drives the economy.
Raw materials coming from china now cost more to name, 30 percent as oppose to 8 percent, which on the 8 percent we/I took a hit on.
Look at what Stephen Moore wrote on the WSJ. Yes it is aluminum but as he said, "Makes no economic sense". Which is the beginning of things to come.
By the way...As my part time side gig, I import and manufacture in China,sometimes domestically..so I know the cost and I'm feeling it.