Under Trump prices go straight up and profits go "poof"
- planosteve
- Posts: 23818
- Joined: Sun May 25, 2014 8:04 pm
Under Trump prices go straight up and profits go "poof"
Axios is reporting that some American businesses are waking up to the possibility that President-elect Donald Trump isn't just bluffing with his plans to slap massive tariffs on all foreign-produced goods.
The report begins by noting that business leaders in recent weeks have been cozying up to Trump more because his planned tariffs "could make their profits go poof."
In fact, writes Axios, Trump's proposed 25 percent tariffs on all Canadian and Mexican goods, as well as his proposed 60 percent tariffs on all Chinese goods, are high enough that "they could entirely wipe out the annual profits of some large companies, per an analysis from consulting firm PWC."
Of course, these companies will not simply stand idly by as their profit margins erode but will rather jack up prices on their customers, which will lead to a resurgence of inflation.
ALSO READ: 'Disaster': Trump allies said to be mulling 'one of the dumbest ideas anyone could have'
Chris Desmond, a PWC principal for customs and international trade, tells Axios that the potential impact these tariffs will have on businesses and consumers should not be underestimated.
"This is one of the biggest events in my career to impact so many U.S. multinational companies that deal with property imports," explained Desmond, who also pointed out that products such as avocados could get price hikes even if they aren't grown in Mexico but simply pass through there on their way to the United States.
"That's messy," Desmond told Axios. "There's a need for guidance."
https://www.rawstory.com/trump-tariffs- ... c/business
The report begins by noting that business leaders in recent weeks have been cozying up to Trump more because his planned tariffs "could make their profits go poof."
In fact, writes Axios, Trump's proposed 25 percent tariffs on all Canadian and Mexican goods, as well as his proposed 60 percent tariffs on all Chinese goods, are high enough that "they could entirely wipe out the annual profits of some large companies, per an analysis from consulting firm PWC."
Of course, these companies will not simply stand idly by as their profit margins erode but will rather jack up prices on their customers, which will lead to a resurgence of inflation.
ALSO READ: 'Disaster': Trump allies said to be mulling 'one of the dumbest ideas anyone could have'
Chris Desmond, a PWC principal for customs and international trade, tells Axios that the potential impact these tariffs will have on businesses and consumers should not be underestimated.
"This is one of the biggest events in my career to impact so many U.S. multinational companies that deal with property imports," explained Desmond, who also pointed out that products such as avocados could get price hikes even if they aren't grown in Mexico but simply pass through there on their way to the United States.
"That's messy," Desmond told Axios. "There's a need for guidance."
https://www.rawstory.com/trump-tariffs- ... c/business
Make America Great Again. Impeach Trump! 

Re: Under Trump prices go straight up and profits go "poof"
Retard thread #786
If you’re “woke”..you’re a loser.
- planosteve
- Posts: 23818
- Joined: Sun May 25, 2014 8:04 pm
Re: Under Trump prices go straight up and profits go "poof"
Pretty gutsy move for a guy that's already been shot at twice. Third time's charm. 

Make America Great Again. Impeach Trump! 

Re: Under Trump prices go straight up and profits go "poof"
planosteve wrote:Pretty gutsy move for a guy that's already been shot at twice. Third time's charm.
You're getting dangerously close to the edge there, Sport.
November 5, 2024: The day America got Her second chance.
Re: Under Trump prices go straight up and profits go "poof"
My 94 year old Mother, whom I love dearly, said earlier this year, she wished someone would shoot him. I told her to be careful to whom & where she said that, or she might get a visit from the Feds. She hasn't said that lately that I know of, but still despises him. She watches MSNBS all day long & records Rachel Maddow. We are visiting her & Dad this weekend & the TV is on, you guessed it, MSNBC. Not even a hint of pretext of being close to balance. Musk is Trump's co-president, etc.
A bad peace inevitably leads to a worse war.
Re: Under Trump prices go straight up and profits go "poof"
GRANDPA wrote:My 94 year old Mother, whom I love dearly, said earlier this year, she wished someone would shoot him. I told her to be careful to whom & where she said that, or she might get a visit from the Feds. She hasn't said that lately that I know of, but still despises him. She watches MSNBS all day long & records Rachel Maddow. We are visiting her & Dad this weekend & the TV is on, you guessed it, MSNBC. Not even a hint of pretext of being close to balance. Musk is Trump's co-president, etc.
If she hates Trump as much as you say, shouldn't she be glad Elon Musk is the “co President?”
If you’re “woke”..you’re a loser.
- planosteve
- Posts: 23818
- Joined: Sun May 25, 2014 8:04 pm
Re: Under Trump prices go straight up and profits go "poof"
GRANDPA wrote:My 94 year old Mother, whom I love dearly, said earlier this year, she wished someone would shoot him. I told her to be careful to whom & where she said that, or she might get a visit from the Feds. She hasn't said that lately that I know of, but still despises him. She watches MSNBS all day long & records Rachel Maddow. We are visiting her & Dad this weekend & the TV is on, you guessed it, MSNBC. Not even a hint of pretext of being close to balance. Musk is Trump's co-president, etc.
I have never known anyone who watches both left and right wing shows for "balance ".

Except me.

Make America Great Again. Impeach Trump! 

- planosteve
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- Joined: Sun May 25, 2014 8:04 pm
Re: Under Trump prices go straight up and profits go "poof"
Mark wrote:planosteve wrote:Pretty gutsy move for a guy that's already been shot attwice. Third time's charm.
You're getting dangerously close to the edge there, Sport.
And he's not even in office yet. Wait until he starts to implement some of this stuff. He'd better not even step outside.
Make America Great Again. Impeach Trump! 

Re: Under Trump prices go straight up and profits go "poof"
planosteve wrote:Mark wrote:planosteve wrote:Pretty gutsy move for a guy that's already been shot attwice. Third time's charm.
You're getting dangerously close to the edge there, Sport.
And he's not even in office yet. Wait until he starts to implement some of this stuff. He'd better not even step outside.
Don't say you weren't warned. This is no joking matter.
Everybody knows you don't joke about bombs at the airport. This is worse than that.
November 5, 2024: The day America got Her second chance.
- planosteve
- Posts: 23818
- Joined: Sun May 25, 2014 8:04 pm
Re: Under Trump prices go straight up and profits go "poof"
Mark wrote:planosteve wrote:Mark wrote:
You're getting dangerously close to the edge there, Sport.
And he's not even in office yet. Wait until he starts to implement some of this stuff. He'd better not even step outside.
Don't say you weren't warned. This is no joking matter.
Everybody knows you don't joke about bombs at the airport. This is worse than that.
Trump's unfavorable rating is 48.4 and his favorable rating is only 46.5. That's pretty bad for a new president. Trump was elected again mostly because of disapproval of Biden's actions. And I think a lot people don't want a female president.
Make America Great Again. Impeach Trump! 

- planosteve
- Posts: 23818
- Joined: Sun May 25, 2014 8:04 pm
Re: Under Trump prices go straight up and profits go "poof"
planosteve wrote:Mark wrote:planosteve wrote:And he's not even in office yet. Wait until he starts to implement some of this stuff. He'd better not even step outside.
Don't say you weren't warned. This is no joking matter.
Everybody knows you don't joke about bombs at the airport. This is worse than that.
Trump's unfavorable rating is 48.4 and his favorable rating is only 46.5. That's pretty bad for a new president. Trump was elected again mostly because of disapproval of Biden's actions. And I think a lot people don't want a female president. Big mistake!
Make America Great Again. Impeach Trump! 

Re: Under Trump prices go straight up and profits go "poof"
From The Hill
Trump favorable / unfavorable ratings
Trump has a 50.4% favorability rating.
Dec 21, 2024
Favorable
50.4%
Unfavorable
47.3%
Trump favorable / unfavorable ratings
Trump has a 50.4% favorability rating.
Dec 21, 2024
Favorable
50.4%
Unfavorable
47.3%
If you’re “woke”..you’re a loser.
Re: Under Trump prices go straight up and profits go "poof"
GRANDPA wrote:My 94 year old Mother, whom I love dearly, said earlier this year, she wished someone would shoot him. I told her to be careful to whom & where she said that, or she might get a visit from the Feds. She hasn't said that lately that I know of, but still despises him. She watches MSNBS all day long & records Rachel Maddow. We are visiting her & Dad this weekend & the TV is on, you guessed it, MSNBC. Not even a hint of pretext of being close to balance. Musk is Trump's co-president, etc.
Reminds me of my dear mother-in-law who we buried today. 91 years old. She watched Fox “news” constantly. And believed every word those idiots said. She probably would have lived longer if they hadn’t scared her to death with their “news”.
But they prey on the elderly and the people with diminished intellect.
If you're MAGA, you're eat up with the DUMBASS!
- planosteve
- Posts: 23818
- Joined: Sun May 25, 2014 8:04 pm
Re: Under Trump prices go straight up and profits go "poof"
We haven't reached the point where people drive vehicles through crowds of people like in Europe but I expect we're headed that direction. 

Make America Great Again. Impeach Trump! 

Re: Under Trump prices go straight up and profits go "poof"
planosteve wrote:We haven't reached the point where people drive vehicles through crowds of people like in Europe but I expect we're headed that direction.
There will be more law and order now, and pressure on Democrat leaders that fight against it.
Even our Muslims have smartened up..a bit.
If you’re “woke”..you’re a loser.
- planosteve
- Posts: 23818
- Joined: Sun May 25, 2014 8:04 pm
Re: Under Trump prices go straight up and profits go "poof"
GFB wrote:planosteve wrote:We haven't reached the point where people drive vehicles through crowds of people like in Europe but I expect we're headed that direction.
There will be more law and order now, and pressure on Democrat leaders that fight against it.
Even our Muslims have smartened up..a bit.
A lack of law and order is not the problem. My suspicion is that lying governments is as well as racism.
Make America Great Again. Impeach Trump! 

Re: Under Trump prices go straight up and profits go "poof"
planosteve wrote:We haven't reached the point where people drive vehicles through crowds of people like in Europe but I expect we're headed that direction.
Yes, we have.
Man shot dead by police after driving into Texas mall, striking multiple people
The suspect drove through a JC Penney store, traveling about 100 yards, “striking multiple people” and “actively running people over,” officials said.
https://www.nbcnews.com/news/us-news/ma ... rcna185136
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