Any plans for fighting tariffs?

[meme6253]

These tariffs are going to impact all of us either directly or indirectly, I am curious if any sellers have a plan for fighting this problem outside of just surrendering & lowering your prices to ridiculous levels just to make a sale., It's going to be a tough road ahead, No Doubt!

[tarotfindsandmore]

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There will be buying opportunities (long term) and i would suggest looking for the higher value (best of best) items in categories you sell in. YMMV Find those deals and wait until the market is prime to sell them. 

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That right there is how you make money even on non-essentials.  I've posted about this before and been mocked for not dumping my entire inventory on eBay immediately, but I see my inventory in much the way I see high yield savings accounts.   You buy the good stuff at the lowest prices you can find whenever you can find it, hang onto to it until those items become scarce, and then sell them at a profit.

Quality tangible goods (in good condition) have never let me down.  The stock market spazzes out every time the wind changes direction, real estate fluctuates and rental properties require a great deal of maintenance, and I still don't fully understand crypto...but well-made, quality goods in great condition can always create a little revenue.

The best part is you can leave whatever you don't sell to your kids (or whoever) so that they can make an absolute killing down the road.

[jg.mason]

There's also going to be some good stock buying opportunities coming up. 😁

[tarotfindsandmore]

Not really, but even "minimal amount" will be a lot more than there are now, which is none.  Every factory requires a full staff to maintain the machinery, the products it produces, and the facility itself.  Even the robots/technology need updates, maintenance, and replacement... and robots that do the maintenance will need maintenance.  Someone will need to build those robots and maintain them as well.  There are thousands and thousands of jobs involved in keeping a fully automated factory up and running.

[tarotfindsandmore]

What's the risk?  From what I've seen you sell a lot of items that are currently flooding the toy/media market at historically low prices.  What do you have to lose in picking up those items before the "made in china" label is no more?  You're in a prime position to cash in on this supposed disaster.  If things work out the way they're supposed to, you may find yourself in a position to beat Wal-mart and Amazon a couple years down the road.

[campanaelia]

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@tarotfindsandmore wrote:

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There will be buying opportunities (long term) and i would suggest looking for the higher value (best of best) items in categories you sell in. YMMV Find those deals and wait until the market is prime to sell them. 

---

That right there is how you make money even on non-essentials.  I've posted about this before and been mocked for not dumping my entire inventory on eBay immediately, but I see my inventory in much the way I see high yield savings accounts.   You buy the good stuff at the lowest prices you can find whenever you can find it, hang onto to it until those items become scarce, and then sell them at a profit.

Quality tangible goods (in good condition) have never let me down.  The stock market spazzes out every time the wind changes direction, real estate fluctuates and rental properties require a great deal of maintenance, and I still don't fully understand crypto...but well-made, quality goods in great condition can always create a little revenue.

The best part is you can leave whatever you don't sell to your kids (or whoever) so that they can really make a absolute killing down the road.

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You're talking child's play. The billionaires are salivating right now waiting for the home foreclosures and margin calls to start. This will be this biggest grift in history. As Trump would say,

“It will be like nothing that has ever been seen before.”

[richard1rst]

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@meme6253 wrote:

Those tariffs are going to raise your cost of living, I hope you realize that.

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Not mine.

There is nothing being imported that I need to buy.

my mortgage is fixed rate, not variable

I am an all electric house (no natural gas)

I am an all solar house - fully bought and paid for (no electric utility bills)

Gas prices are coming down.

I have 2 antique classic cars in Primo condition that I expect to drove to my grave. Which is to say I will never buy another car.

No credit cards which means no credit card nor long term debt.

My food bill is fairly stable. I live alone so food is actually a minimal part of my cost of living. And I am a super careful shopper. You would be amazed at the bargains available if you take the time to look and think. For example - All those people complaining about the cost of eggs? Not me - I just stopped buying eggs. Problem avoided.

A life time of financial planning lets me laugh at your cost of living prediction,

In the mean time the sum total of your posts have convinced me that Spiro Agnew would love to talk to you. If for no other reason than to validate one of his more famous quotes.

Going forward I see no point in continuing to argue with someone on the opposite end of the economic bell curve.

[mam98031]

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@meme6253 wrote:

These tariffs are going to impact all of us either directly or indirectly, I am curious if any sellers have a plan for fighting this problem outside of just surrendering & lowering your prices to ridiculous levels just to make a sale., It's going to be a tough road ahead, No Doubt!

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Interesting comment.  How is it that we would be "surrendering" to anything?  That denotes that we have some kind of choice or power regarding tariffs.

And tariffs won't "lower[ing]" pricing, it increases pricing.  It is a tax added.

Fortunately for myself, I buy from USA vendors.  I do however have some things made in other countries, but I've been phasing those out for the last couple of years for my own reasons.  Nothing to do with tariffs.

[tarotfindsandmore]

Well that child's play has bought and paid for multiple homes and three fully grown, well-adjusted healthy young men and their educations.  When I go, I will be able to leave enough for all three of them to take care of themselves and their families, because all of that child's play has been bought and paid for in its entirety.  I don't care about much else beyond that.

Your ridiculous doom and gloom garbage means nothing to everyday Americans trying to maintain a decent life for themselves and their families.  Again, this is why you lost.

[chevymontecarlo88]

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@meme6253 wrote:

I am constantly looking for buying opportunities. & this could be a prime time to do so, But it still comes at a risk.

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It can be risky just getting out of bed. 🙃

[kh-shakhib]

Hi everyone,

This discussion has gotten a bit off topic. Please bring the discussion back to subject established in the original post.

Thank you.

[chariot_badges]

This will affect everybody ... including you.

We're going to be uncomfortable for about six months ... maybe a year.

We're going to be ok.  

[chariot_badges]

Very good summary.   VERY.

Everybody read ^^ again.

That's the plan.

Will it work?   I dunno.  I doubt that anyone does, it's never been done before ... not like this, and not to this scale.

But, if we don't so something RIGHT NOW, our economy will crumble within ten years.  Maybe sooner.

NOW is the time.  We're still strong enough to actually HAVE  a big stick.

[ja_67403411]

Although I don’t expect my eBay sales to be affected—since I only sell vintage items made in the USA—I’m holding off on any assumptions until we see how the tariffs play out.

I anticipate we’ll witness some intense negotiations between the U.S. and other nations aimed at softening the impact through bilateral agreements. Economic uncertainty tends to bring even hesitant partners to the table—and, as we've seen time and again, that kind of pressure is very much in line with President Trump's approach.

Jerome Powell addressed the situation today in relation to Federal Reserve policy. He emphasized that the Fed is well-positioned to respond to any outcome and will act as needed depending on how events unfold. That perspective seems reasonable to me.

For now, it feels like many people are stuck in a state of anxious anticipation—heightened by the sharp decline in the stock market and its ripple effects on retirement savings.

[bandrhome]

Ebay, I already have so much stuff to purge I already own/made.

My POD products on the other hand, I use a company in China. I just cant get the quality in the US for the items I want to sell without having to pay/charge a high price. I tested so many companies... 

Im riding it out for now as my POD is another just stream of money like eBay/Etsy. 

[inhawaii]

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@ja_67403411 wrote:

Although I don’t expect my eBay sales to be affected—since I only sell vintage items made in the USA—I’m holding off on any assumptions until we see how the tariffs play out.

I anticipate we’ll witness some intense negotiations between the U.S. and other nations aimed at softening the impact through bilateral agreements. Economic uncertainty tends to bring even hesitant partners to the table—and, as we've seen time and again, that kind of pressure is very much in line with President Trump's approach.

Jerome Powell addressed the situation today in relation to Federal Reserve policy. He emphasized that the Fed is well-positioned to respond to any outcome and will act as needed depending on how events unfold. That perspective seems reasonable to me.

For now, it feels like many people are stuck in a state of anxious anticipation—heightened by the sharp decline in the stock market and its ripple effects on retirement savings.

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So instead of prices of everything coming down on "day one" as promised,  they are going up.

So the average hard-working American struggling to make it paycheck to paycheck  will just wait and see what happens.