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Posted
6 minutes ago, VABuckeye said:

I run a data center program for electronic security and telecommunications installations.  These are not small projects.

We've been told that we will see 8-15% price escalations on devices and materials across the board this month.

Makes it difficult to put a number on a job that won't start for at least 6-12 months for us.  Pricing will become a constant negotiation even after projects are awarded.

starting to see this somewhat on my builds. gonna make for some hard conversations if this shit keeps up

Posted
56 minutes ago, Red Five said:

“We’re all going to be so rich because of the tariffs.” -Dotard

He was talking about his family and associates.

29 minutes ago, Longhorn_Fan68 said:

starting to see this somewhat on my builds. gonna make for some hard conversations if this shit keeps up

Not that hard to me. It's pretty obvious who to lay it at the feet of.

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Posted
8 minutes ago, Clintonaldo said:

He was talking about his family and associates.

Not that hard to me. It's pretty obvious who to lay it at the feet of.

sure, that still doesn't bring a project in at budget without major sacrifices by someone. Thankfully with my clients I really don't have to explain who to blame, but I do have to come up with solution to fix it

Posted
Not that hard to me. It's pretty obvious who to lay it at the feet of.

Ah yes, Joe Biden’s tariffs. Not even really joking.
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Posted
10 hours ago, Longhorn_Fan68 said:

sure, that still doesn't bring a project in at budget without major sacrifices by someone. Thankfully with my clients I really don't have to explain who to blame, but I do have to come up with solution to fix it

Thats easy.  Just tell your clients Mexico will pay for it.

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Posted

He's just too busy to negotiate tariffs and make deals with all of the countries now.  

https://www.bloomberg.com/news/articles/2025-05-16/trump-says-us-will-set-tariff-rates-for-other-nations-in-weeks

 

Quote

President Donald Trump said he would set tariff rates for US trading partners “over the next two to three weeks,” saying his administration lacks the capacity to negotiate deals with all of its trading partners.

Trump said Friday that Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick “will be sending letters out essentially telling people” what “they’ll be paying to do business in the United States.”

 

Quote

“I think we’re going to be very fair. But it’s not possible to meet the number of people that want to see us,” the president said during a meeting with business executives in the United Arab Emirates.

The US president asserted there are “150 countries that want to make a deal.” He didn’t say how many, or which, nations would receive letters.

The White House and Commerce Department didn’t immediately respond to requests for comment overnight in the US.

 

 

Spoiler

Trump announced higher tariffs on dozens of trading partners on April 2, but later paused them for 90 days amid investor panic to give foreign governments time to negotiate. Yet the president in recent weeks has moved away from the idea he would engage in a back-and-forth with every partner.

While the Trump administration is prioritizing trade talks with more than a dozen nations, a lack of manpower and capacity makes it impossible to hold concurrent negotiations with all the countries caught up in the president’s so-called reciprocal tariffs plan.

Tariffs are charged at the border by US Customs and Border Protection, but the extra costs are often passed on in part or full to US consumers.

Earlier this month, Trump said he would simply dictate tariff levels for many nations looking to avoid higher duties.

Negotiations are still ongoing with several economies, including the Japan, South Korea, India and the European Union. Trump recently agreed to a trade framework with the UK and to a mutual temporary tariff reduction with China to buy more time for talks.

The US president said Thursday that New Delhi made an offer to drop tariffs on US goods, a proposal that the Indian government did not confirm.

“We have four or five other deals coming immediately,” Trump said on May 9, as he touted his UK blueprint. “We have many deals coming down the line. Ultimately, we’re just signing the rest of them in.”

 

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Posted

He’ll get around to the specific tariffs deals right after he unveils the best healthcare plan we’ve ever seen.

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Posted
1 hour ago, Francisco 2.0 said:

He's just too busy to negotiate tariffs and make deals with all of the countries now.  

https://www.bloomberg.com/news/articles/2025-05-16/trump-says-us-will-set-tariff-rates-for-other-nations-in-weeks

 

 

 

 

  Reveal hidden contents

Trump announced higher tariffs on dozens of trading partners on April 2, but later paused them for 90 days amid investor panic to give foreign governments time to negotiate. Yet the president in recent weeks has moved away from the idea he would engage in a back-and-forth with every partner.

While the Trump administration is prioritizing trade talks with more than a dozen nations, a lack of manpower and capacity makes it impossible to hold concurrent negotiations with all the countries caught up in the president’s so-called reciprocal tariffs plan.

Tariffs are charged at the border by US Customs and Border Protection, but the extra costs are often passed on in part or full to US consumers.

Earlier this month, Trump said he would simply dictate tariff levels for many nations looking to avoid higher duties.

Negotiations are still ongoing with several economies, including the Japan, South Korea, India and the European Union. Trump recently agreed to a trade framework with the UK and to a mutual temporary tariff reduction with China to buy more time for talks.

The US president said Thursday that New Delhi made an offer to drop tariffs on US goods, a proposal that the Indian government did not confirm.

“We have four or five other deals coming immediately,” Trump said on May 9, as he touted his UK blueprint. “We have many deals coming down the line. Ultimately, we’re just signing the rest of them in.”

 

"Trump will go through all the J6 inmates and decide which non-violent protestors may be pardoned." - Bondi

"Okay. Getting started. Pardon this one. Pardon that one. Wait, there are over 1,200 of these? I don't have time for this. Pardon them all." - Trump

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Posted

https://www.reuters.com/world/us/trump-tells-walmart-eat-tariffs-instead-raising-prices-2025-05-17/

Spoiler

Trump tells Walmart to 'eat the tariffs' instead of raising prices
Jasper Ward
3–4 minutes

WASHINGTON, May 17 (Reuters) - U.S. President Donald Trump said on Saturday that Walmart <WMT.N> should "eat the tariffs" instead of blaming duties imposed by his administration on imported goods for the retailer's increased prices.

His comments were in response to the world's largest retailer saying this week it would have to start raising prices later this month due to high tariffs.

The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.

"Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected," Trump said in a social media post.

"Between Walmart and China they should, as is said, 'EAT THE TARIFFS,' and not charge valued customers ANYTHING."

Walmart said it has always worked to keep its prices as low as possible, adding that this practice will not stop.

"We’ll keep prices as low as we can for as long as we can given the reality of small retail margins," the company said in a statement to Reuters.

Walmart CEO Doug McMillon said on Thursday the retailer could not absorb all the tariff costs because of narrow retail margins. Even so, he said, the company was committed to ensuring that tariff-related costs on general merchandise, which primarily comes from China, would not drive food prices higher.

Many U.S. companies have either slashed or pulled their full-year expectations amid friction between the U.S. and its trading partners, particularly China, as consumers curtail spending.

As a bellwether of U.S. consumer health, Walmart's explicit statement about the impact of tariffs is a signpost for how the trade war is affecting the retail sector. Walmart is noted for its ability to manage costs more aggressively than other companies to keep prices low.

Every week, 255 million people shop in its stores or place orders online around the world, and 90% of the U.S. population lives within 10 miles (16 km) of a Walmart.

Walmart's disclosure comes about three weeks after a published report that Amazon
(AMZN.O), opens new tab

planned to disclose how much Trump-imposed tariffs were adding to the costs of its products. The White House blasted Amazon over the report, which the company promptly denied.

 

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Posted
4 minutes ago, DigglerontheHoof said:

Isn't the owner of HD ultra maga?

 

They're crazy MAGA at THD. They even run an employee superPAC for conservative issues

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Posted
15 minutes ago, DigglerontheHoof said:

Isn't the owner of HD ultra maga?

The prior CEO was Yuge Maga.  The current CEO is HD company career man, and this posture seems to be emblematic of sucking Trump's mushroom.  But in scanning the internets, if the current CEO is a Trumper, he at least appears to be quieter about it.

Posted
34 minutes ago, South Austin said:

Home Depot says it will eat the tariffs.  

Home Depot plans to keep prices stable in the face of tariffs, bucking competitors

We'll see if they stand firm if and when Trump makes good on his increase in lumber tariffs.   

As I’ve said repeatedly on this board- dominant players consolidate market share by leaving prices flat or even lowering them curing periods of secular cost increases if they are able.
Gross Margin is a war chest, not a strategic objective. 

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Posted

Maybe the HD stance is a way to launder their bribe money in a way that makes their customers happy. Instead of just donating to a super pac or other means of direct payment, do this as an example for other businesses. Could be the same cost to them. 
 

but, customers should consider the fact that they can absorb that high a number and still be a profitable company. 

Posted
25 minutes ago, Pato del Muerto said:

but, customers should consider the fact that they can absorb that high a number and still be a profitable company. 

it's almost like shareholders have been extracting wealth from consumers for a LOOOOONG time and many core businesses are still sound without exploitative profit margins

 

or something

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Posted
3 hours ago, TwiceHorn said:

So, corporate interests couldn't be bothered to eat a few percentage points of inflation for the good of their fellow citizens.

But they'll gladly eat a full 10% or more to shield this fucking jagoff from the consequences of his actions.

Shareholders should revolt.

There’s a lot to unpack here but the simplest version is that that there is a huge difference between an inflationary spike caused by a demand flood+supply shock vs a secular cost increase that doesn’t change the demand signal. 

In the first situation (2022) a market leader will try float slightly behind the pack- stay a price leader but increase prices at the same rate as everyone else because there’s more buying power coming at you. In the second situation (2025) they deploy dry powder to consolidate and take share from less well capitalized or efficient competitors.

Of course an announcement like this pleases Trump and HD’s customers alike. But it’s also the right thing to do for the business if they can afford to do it without cutting into muscle.

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Posted
There’s a lot to unpack here but the simplest version is that that there is a huge difference between an inflationary spike caused by a demand flood+supply shock vs a secular cost increase that doesn’t change the demand signal. 

In the first situation (2022) a market leader will try float slightly behind the pack- stay a price leader but increase prices at the same rate as everyone else because there’s more buying power coming at you. In the second situation (2025) they deploy dry powder to consolidate and take share from less well capitalized or efficient competitors.
Of course an announcement like this pleases Trump and HD’s customers alike. But it’s also the right thing to do for the business if they can afford to do it without cutting into muscle.

Also, per Reuters, HD Is Exec. VP said:

"There's items that we have that could potentially be impacted from a tariff that, candidly, we won't have going forward if it doesn't make sense inside the line structure,".
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Posted (edited)
12 hours ago, TwiceHorn said:

So, corporate interests couldn't be bothered to eat a few percentage points of inflation for the good of their fellow citizens.

But they'll gladly eat a full 10% or more to shield this fucking jagoff from the consequences of his actions.

Shareholders should revolt.

Fuck Home Depot.  Hopefully they’re competing against prior Lows soon.  Sell off bitches… 

Edited by ChiTownDoc
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Posted
1 hour ago, TwiceHorn said:

So, in one of the several lawsuits challenging presidential authority to set tariffs unilaterally, the Trump Administration is formally telling the Court of International Trade that he is using the tariffs as "leverage" to make trade deals and nothing else.  https://www.reuters.com/sustainability/boards-policy-regulation/us-states-mount-court-challenge-trumps-tariffs-2025-05-21/

Duh.

Posted
2 hours ago, TwiceHorn said:

So, in one of the several lawsuits challenging presidential authority to set tariffs unilaterally, the Trump Administration is formally telling the Court of International Trade that he is using the tariffs as "leverage" to make trade deals and nothing else.  https://www.reuters.com/sustainability/boards-policy-regulation/us-states-mount-court-challenge-trumps-tariffs-2025-05-21/

Which he also doesn't have authority to do unilaterally 

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Posted

 

Not sure where to post this. 

I wonder if Greenland accepts American seeking asylum?

 

https://www.newsweek.com/greenland-trump-permit-extraction-2075673

 

 

Greenland Signs Lucrative Minerals Deal with Europe in Blow to Trump

Greenland has sparked international attention since President Trump expressed his interest in acquiring the Arctic island rich in minerals, oil and natural gas.

Greenland's Mineral Resources Minister Naaja Nathanielsen said that U.S. interest in the island has not resulted in any investment and the deal signals that business dialog with European partners was progressing more quickly.

 

 

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Posted

This motherfucker truly somehow still doesn't understand that consumers pay tariffs. I don't know of any possible explanation other than brain damage. This can't be real life. 

Posted
3 minutes ago, Hookah Horns said:

This motherfucker truly somehow still doesn't understand that consumers pay tariffs. I don't know of any possible explanation other than brain damage. This can't be real life. 

Its real life. We are just getting started. 

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Posted
9 minutes ago, Hookah Horns said:

This motherfucker truly somehow still doesn't understand that consumers pay tariffs. I don't know of any possible explanation other than brain damage. This can't be real life. 

But sometimes he does though. See him telling Wal-Mart to "eat the tariffs", as opposed to raising prices. I think like everything else they're just what he wants them to be in that moment.

Posted
8 minutes ago, Red Five said:

But sometimes he does though. See him telling Wal-Mart to "eat the tariffs", as opposed to raising prices. I think like everything else they're just what he wants them to be in that moment.

I'm not sure that means he understands; he may just think Walmart is trying to recoup the tariffs they're paying him by raising prices. 

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Posted
So much for the various Android phones being exempt.
 
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I guess the end of June..”. I mean, anyone who loves improv, has to love this administration. Just major economic policy being stream of consciousness nonsense. The funniest thing is that market doesn’t really react, because no one can take him seriously. The end state speculation is just priced in regardless of what absurd path it will take to get there.
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Posted

0479c1b48627506520681d3df34d51b6.png

I’m trying to wrap my head around who is going to do the 70,000 steel jobs and where they will do them.

“Honey, pack up the kids, we’re moving to Pittsburg. I got one of those sweet steel mill jobs we’ve been dreaming of!”

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Posted
31 minutes ago, Fastbreak said:

0479c1b48627506520681d3df34d51b6.png

I’m trying to wrap my head around who is going to do the 70,000 steel jobs and where they will do them.

“Honey, pack up the kids, we’re moving to Pittsburg. I got one of those sweet steel mill jobs we’ve been dreaming of!”

The South African farmers

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Posted
7 hours ago, Francisco 2.0 said:

So much for the various Android phones being exempt.

 

 

 

So lets talk how this really works, companies will announce investments in the US and Trump will claim a win (as President Huff & Puff typically does).  But nobody is actually building a plant here that starts producing phones by June, or even by June 2026, hell 2027 would be lucky to site select, break ground, order the equipment, build clean room, etc, etc, etc. And in 6, 12, 18 or more months no one will really care (at least not by the mid-terms), as there will be a new problem or war or aliens that Trump will focus on and his merry crew of lemmings will march right along. And all the time the tariffs will be delayed, avoided, and shifted until no one really remembers - or even worse they will be implemented and we watch the economy go into a recession. 

It has happened before, under Trump 1.0 
What happened to Foxconn in Wisconsin? A timeline

Spoiler

Microsoft announced Friday it was buying some Foxconn Technology Group properties in Wisconsin, which marks a new chapter in the tumultuous years-long relationship between Wisconsin and the Taiwan-based electronics manufacturer.

State officials hailed Foxconn's arrival, but despite a massive investment of public money and the construction of several buildings, including an eye-catching dome, Foxconn largely failed to deliver on its original promises.

Here's a brief timeline of the company's association with the Badger State.

Foxconn announced it was considering coming to Wisconsin in 2017

Foxconn stirred a major buzz -- especially from Republicans led by then-Gov. Scott Walker and former President Donald Trump -- when it announced Wisconsin was among the places the technology giant was considering expanding to in 2017.

Need a break? Play the USA TODAY Daily Crossword Puzzle.

The news prompted lawmakers to draft a multi-billion dollar subsidy package in an effort to lure Foxconn to Wisconsin, which the company ultimately accepted.

Foxconn promised a $10 billion investment in Wisconsin and the creation of 13,000 jobs

Foxconn originally promised to build a Generation 10.5 facility that would manufacture large LCD screens. The project was to be an investment of up to $10 billion that would deliver up to 13,000 jobs.   

The state legislature passed a $2.85 billion tax incentive package that required Foxconn to meet certain hiring and capital investment benchmarks during the next 10 years in order to receive the tax credits.  

The company also received a $150 million break in sales taxes, bringing the total state package to $3 billion.  

But the company pivoted away from the large screens and the 13,000 jobs never materialized. Instead, about 1,000 workers are now at the site assembling servers and other electronic products.

Under Democrat Gov. Tony Evers, the incentive package was changed to reflect the reduced size of the company's plans. It’s been estimated that more than a billion dollars of taxpayer money has gone toward supporting the deal but in 2021, the Wisconsin Economic Development Corp. approved a much smaller package, which included:

  • The tax credits went down from $2.85 billion to $80 million.  
  • The job goal number came down from 13,000 statewide to 1,454.  
  • The capital investment has also gone down from $10 billion to $672.8 million. 

The tax credits are still performance based. In order for Foxconn to receive tax credits, it must meet certain hiring and capital investment measures.

President Donald Trump (second from left) is joined by Gov. Scott Walker (left), Foxconn Chairman Terry Gou and House Speaker Paul Ryan (right) June 28, 2018, during the ceremonial groundbreaking for Foxconn's factory in Mount Pleasant.
 

President Donald Trump, Gov. Scott Walker and House Speaker Paul Ryan attend ceremonial groundbreaking in 2018

Foxconn agreed to the deal in 2018 and then-President Trump came to Wisconsin for the groundbreaking.

In a memorable turn of phrase, Trump at the time dubbed the plan to build the sprawling high-tech campus "the eighth wonder of the world."

What has Foxconn built since expanding to Wisconsin?

Not what it originally promised. The facility has changed from a Generation 10.5 to a Generation 6, which normally makes screens for phones, tablets and TVs. But so far, no screens have been made.

About 100,000 masks were manufactured at the companies facility in Mount Pleasant in 2020 during the coronavirus pandemic.  

There have been rumors that the company is developing servers for Google but that has not been confirmed by either company.  

On a call with analysts in March, Foxconn chairman Young Liu said the company is planning on making electric vehicle batteries and energy storage components to support its EV facilities in Ohio.  

The company has said it employs more than 1,000 people.

How much money has Foxconn paid to Wisconsin?

Aside from it's own investments in the property, Foxconn has paid millions of dollars in property taxes and has become the largest tax payer in Mount Pleasant, according to village officials.

 

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Posted
On 5/22/2025 at 4:08 PM, High Plains Drifter said:

 

I think I could handle the cold. The 24 hours of darkness in the winter might get old though. 

 

I'd get tired of so much green.

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