And so it begins.
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‎11-15-2024 02:46 PM
I just received an email from one of my long time suppliers.
(quote)Due to proposed government tariff increases that are beyond our control, we will be implementing a 10-12% price increase.(end quote)
Now notice: because of a PROPOSED tariff (which may or may not happen, and may or may not be the amount that is expected) they WILL raise their prices.
Strikes me that they should wait until they are certain of the amount, if any, before arbitrarily stating a semi-specific increase.
Expect more to come.
Re: And so it begins.
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‎11-18-2024 12:13 PM
I agree about the manufacturing in the US. Some in recent years has come back, but you are right, more need to come back to the US.
https://eig.org/manufacturing-rebound/
https://waupacafoundry.com/blog/whats-behind-the-growing-number-of-manufacturing-jobs-in-the-us
In the above link it talks about the efforts made to bring the computer chip manufacturing back to the USA that are required in most cars. It was the lack of these chips that caused the huge shortage of new cars for way too long. Here is a quote from the above article.
Bipartisan Infrastructure Law and CHIPS and Science Act
A couple of bipartisan laws enacted in the aftermath of the COVID-19 recession offer a guide to where manufacturing employment is headed in the next several years.
Congress passed the Infrastructure Investment and Jobs Act in 2021 and the CHIPS and Science Act in 2022. The Infrastructure Investment and Jobs act will infuse the manufacturing sector with an unprecedented $550 billion in capital through 2026 to build and repair bridges, roads, highways, rural internet infrastructure, and water treatment facilities.
The CHIPS and Science Act aims to rejuvenate the U.S. manufacturing sector to compete with foreign nations like China and keep the supply of critical goods like computer chips stable for American consumers. A shortage of computer chips at the start of the pandemic stymied manufacturing supply chains for everything from computers to automobiles.
When the CHIPS act was passed, the CEO of a New York-based automotive parts manufacturer expressed relief, saying, "For years, my industry has been at the mercy of the supply chain."
Re: And so it begins.
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‎11-18-2024 12:22 PM
@mam98031 wrote:I agree about the manufacturing in the US. Some in recent years has come back, but you are right, more need to come back to the US.
https://eig.org/manufacturing-rebound/
https://waupacafoundry.com/blog/whats-behind-the-growing-number-of-manufacturing-jobs-in-the-us
In the above link it talks about the efforts made to bring the computer chip manufacturing back to the USA that are required in most cars. It was the lack of these chips that caused the huge shortage of new cars for way too long. Here is a quote from the above article.
Bipartisan Infrastructure Law and CHIPS and Science Act
A couple of bipartisan laws enacted in the aftermath of the COVID-19 recession offer a guide to where manufacturing employment is headed in the next several years.
Congress passed the Infrastructure Investment and Jobs Act in 2021 and the CHIPS and Science Act in 2022. The Infrastructure Investment and Jobs act will infuse the manufacturing sector with an unprecedented $550 billion in capital through 2026 to build and repair bridges, roads, highways, rural internet infrastructure, and water treatment facilities.
The CHIPS and Science Act aims to rejuvenate the U.S. manufacturing sector to compete with foreign nations like China and keep the supply of critical goods like computer chips stable for American consumers. A shortage of computer chips at the start of the pandemic stymied manufacturing supply chains for everything from computers to automobiles.
When the CHIPS act was passed, the CEO of a New York-based automotive parts manufacturer expressed relief, saying, "For years, my industry has been at the mercy of the supply chain."
I am hopeful about the CHIPS Act, as that is one of the more important issues (Chip sourcing) we face that will impact tech (along with other industries tied to tech). This is a big deal.
Good post @mam98031
Re: And so it begins.
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‎11-18-2024 12:46 PM
Don't discount the Infrastructure act. That is huge too for so many reasons. Lots of it won't be felt or realized until well into Trumps administration, but it was a Biden/Harris accomplishment.
Re: And so it begins.
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‎11-18-2024 01:53 PM
The problem with the unemployment numbers is that it does not account for those who have stopped looking for work. Numbers are fudgy. In fairness to this administration, it always fudgy.
The infrastructure bill is another bloated bi-partisan legislation that is a failure. Electric charging stations along with other pork filled crap that does little (maybe 25%?) towards infrastructure. Typical bill that both parties signed on to and is crap.
The inflation act had nothing to do why inflation is going down, but it still is up. (oct. numbers rose) Prices of goods (which still is high) that matter are what people care about. Bottom line. Saying it was at 7% and down to 3.5% is not a savings of 50% or fair to say inflation is down. Still up and as well as the staples people need to survive.
I understand that many will disagree and defend the current administration and that is fine. Change is coming and I think it will come faster than some think. The impact may take longer and it will be a very entertaining 4 years. (for some)
Re: And so it begins.
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‎11-18-2024 02:22 PM
@chevymontecarlo88 wrote:The problem with the unemployment numbers is that it does not account for those who have stopped looking for work. Numbers are fudgy. In fairness to this administration, it always fudgy.
The infrastructure bill is another bloated bi-partisan legislation that is a failure. Electric charging stations along with other pork filled crap that does little (maybe 25%?) towards infrastructure. Typical bill that both parties signed on to and is crap.
The inflation act had nothing to do why inflation is going down, but it still is up. (oct. numbers rose) Prices of goods (which still is high) that matter are what people care about. Bottom line. Saying it was at 7% and down to 3.5% is not a savings of 50% or fair to say inflation is down. Still up and as well as the staples people need to survive.
I understand that many will disagree and defend the current administration and that is fine. Change is coming and I think it will come faster than some think. The impact may take longer and it will be a very entertaining 4 years. (for some)
An issue as old as the hills. No specifically a new one. Still with a bit of those types of unemployed people, the unemployment rates are way down and that is a good thing. If someone wants to work, they likely can find a job. It may not be their preferred job, but they can find one to hold them over until their dream job happens.
No, you do not understand or even respect how others may have different opinions and/or outlooks. If you and others that deeply believe in Trump would not have such difficulty in working towards mending the divide. As I've said before. Compromise is required and I don't think too many Trump followers are willing to do that.
Both sides have some good ideas, opinions and experience. I respect that many of us have different beliefs and that is how it should be, both in our personal lives and in our politics. Unfortunately there are about a third or more of us that believe there is only one side to everything and that is their side.
Re: And so it begins.
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‎11-18-2024 02:37 PM
Reply in general.
I don't think the main issue is goods made in china and imported in bulk.
What needs to be addressed (and curtailed somehow) is the cheap shipping from China of goods direct to the consumer that incur NO import tax/duty or tariffs and are lacking in Quality Control etc. Toxic goods direct to consumer needs to stop.
"If it sold FAST, it was priced too low" - also Reese Palley
Re: And so it begins.
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‎11-18-2024 02:50 PM
@mam98031 wrote:No, you do not understand or even respect how others may have different opinions and/or outlooks. If you and others that deeply believe in Trump would not have such difficulty in working towards mending the divide. As I've said before. Compromise is required and I don't think too many Trump followers are willing to do that.
Well since you put it that way....
It's not that i am not open to opinions or ideas, it's just that yours are terrible. 😂
Ok, not all but most. (my compromise) ðŸ¤
Maybe it's time to sit back and just enjoy the ride. 🚆 YMMV
It takes a village....
Re: And so it begins.
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‎11-18-2024 02:51 PM
@toomuchstuffagain35 wrote:Reply in general.
I don't think the main issue is goods made in china and imported in bulk.
What needs to be addressed (and curtailed somehow) is the cheap shipping from China of goods direct to the consumer that incur NO import tax/duty or tariffs and are lacking in Quality Control etc. Toxic goods direct to consumer needs to stop.
That is completely separate than tariffs. And something the President of the US doesn't control.
Re: And so it begins.
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‎11-18-2024 02:56 PM
@chevymontecarlo88 wrote:
@mam98031 wrote:No, you do not understand or even respect how others may have different opinions and/or outlooks. If you and others that deeply believe in Trump would not have such difficulty in working towards mending the divide. As I've said before. Compromise is required and I don't think too many Trump followers are willing to do that.
Well since you put it that way....
It's not that i am not open to opinions or ideas, it's just that yours are terrible. 😂
Ok, not all but most. (my compromise) ðŸ¤
Maybe it's time to sit back and just enjoy the ride. 🚆 YMMV
It takes a village....
This post says it all about you and why repairing the divide in our country will be a hard path, but a necessary one. I respect those that have different out looks than I do. So while you and I aren't going to make it across the divide, there are others that will be more open minded.
I wish you nothing but the best. Sincerely!!
Re: And so it begins.
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‎11-18-2024 03:03 PM
These increases are based on proposed Tariffs from the next administration. Not the current. Not to worry though, As TRUMP says, !! CHINA!! is going to pay for it....LOL...what a bunch of dummies.
Re: And so it begins.
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‎11-18-2024 03:20 PM
@jersey..authentix wrote:These increases are based on proposed Tariffs from the next administration. Not the current. Not to worry though, As TRUMP says, !! CHINA!! is going to pay for it....LOL...what a bunch of dummies.
Well "pay for it" is one of those nebulous terms with multitudinous meanings.
As I pointed out somewhere earlier in this post, if the tariffs close the price gap between Chinese and American goods then there is no reason to continue buying Chinese. I made the point that I will be more determined to feature U S made goods. So to that extent China will "pay for it" in lost sales.
OK - Me, myself and I are not going make a ripple. But I can't belied I'm the only one seeing the advantage of that plan. And since I already have many buyers asking in advance where something is made (casting aspersions on Chinese goods) I see it as a valid plan.
Re: And so it begins.
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‎11-18-2024 03:34 PM
Re: And so it begins.
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‎11-18-2024 03:36 PM
You get what you vote for.
Re: And so it begins.
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‎11-18-2024 03:42 PM
@jersey..authentix wrote:These increases are based on proposed Tariffs from the next administration. Not the current. Not to worry though, As TRUMP says, !! CHINA!! is going to pay for it....LOL...what a bunch of dummies.
You are right. The current administration is helpless. They still are in power but will do NOTHING. We are left with a baked potato and something that fell out of a coconut tree. Good grief. At least Bob Menendez did something for his constituency while enriching his own pockets.
I'll throw you a bone. Invest in Kleenex.
I have a feeling tissue prices are going to sky rocket soon. ðŸ˜
Re: And so it begins.
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‎11-18-2024 03:55 PM
Well if they are raising their rates based on something that may or may not happen then that should tell you all you need to know about that dishonest supplier.
