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Posted
14 minutes ago, crash_davis said:

For my company, we have forecasted $500M in increased costs due to tariffs. Our contracts and sourcing teams have been working 10-12 hour days for 2 months updating contracts and re-calculating costing and pricing models. Our suppliers regularly send us updating pricing. We are on version 20+ on many amendments. As soon as we model for new revisions, new versions comes in. This is for 100s of suppliers and their contracts. We are doing the same to our customers. 

This whole thing is beyond fucked. 

Our execs have no clue what the fuck any of this is about. We manufacture and own 70% of the market for our industry. We have not been contacted by anyone in this administration about anything manufacturing related. We manufacture both domestic and internationally. Our materials come from around the world. Our suppliers materials come from around the world. This is just fucking stupid.

 

7 minutes ago, royiv said:

Y’all should just source all of your materials and manufacture everything domestically. It’s a really simple solution. 

GamersNexus, a PC gaming channel of all places, just did some excellent journalism that gets to the nuts and bolts of all of this. It's a big ass 3 hour long video, but the first 5 minutes are basically the thesis and TLDR of the whole thing. The rest is just the interviews with logistics officers, CEO's, presidents, founders, and owners that open their books and share their actual real margins and rates to just underscore how not just the tariffs themselves but the instability is going to kill businesses and probably a few business owners too

They even touch on the unreality of "just built it 100% here in America", and multiple businesses explain why it's infeasible for multiple reasons.

 

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Posted
2 minutes ago, crash_davis said:

I can't get too specific but for this one prodcut, we manufacture it in 3 places, 2 in the US and one in Mexico. I addressed this earlier in the thread. The labor rate for US is over 2x more expensive and the quality is worse than our Mexico plant. 

If we could we'd move all manufacturing of that product to Mexico but that creates other issues. 

Dipshits masturbate thinking we should be moving all manufacturing to the US. Dipshits do not realize they DO NOT want manufacturing moved back to the US. Doing that would be akin to the fake DEI shit that they abhor. 

adam_smith_revolutionary_1050x700.jpg

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Posted
23 minutes ago, crash_davis said:

This is just fucking stupid.

Man.  It seems like you've gotten inside information on the new slogan we'll be putting on all our coinage.  "IN GOD WE TRUST" isn't just passe, it's off-brand.  Be on the lookout for new quarters emblazoned with "THIS IS JUST FUCKING STUPID."

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Posted
16 minutes ago, crash_davis said:

I can't get too specific but for this one prodcut, we manufacture it in 3 places, 2 in the US and one in Mexico. I addressed this earlier in the thread. The labor rate for US is over 2x more expensive and the quality is worse than our Mexico plant. 

If we could we'd move all manufacturing of that product to Mexico but that creates other issues. 

Dipshits masturbate thinking we should be moving all manufacturing to the US. Dipshits do not realize they DO NOT want manufacturing moved back to the US. Doing that would be akin to the fake DEI shit that they abhor. 

You sound like a RINO.  (Sarcasm)

I work in ag and 2026 pricing for inputs and equipment starts showing up in early July.  Many people are in complete denial on what’s coming.  Gonna be some existential crises this summer.

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Posted
1 minute ago, Parliament said:

Many people are in complete denial on what’s coming.  Gonna be some existential crises this summer.

Donald Glover Reaction GIF

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Posted (edited)

Also, like every company, we are trying to diversify our suppliers to migitate tariffs impacts. What this means is that we are moving and are looking to move from long established, high quality suppliers to smaller and upstart suppliers with suspect quality. We are having to start the long process of engineering and quality validation of new global suppliers (no we are not getting many new US suppliers probably because of the same reason we are looking elsewhere: cost and quality). Tons of people are working long hours trying to mitigate the impacts of this bullshit. We just know our costs are going to increase, by wide margin, and the quality is probably going to suffer for awhile. The losers will be mom and pop because the cost increases and shittier quality will all be felt in the products that they buy in stores.

Edited by crash_davis
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Posted

#winning

https://www.the-independent.com/news/world/americas/us-politics/thousands-us-layoffs-mack-truck-volvo-b2737683.html

Trump’s tariffs driving thousands of layoffs at US manufacturing plants

Donald Trump’s tariffs are already triggering thousands of layoffs in American manufacturing plants, mostly in the Midwest and the East.

Companies are ejecting workers in the wake of Trump’s purported plan to use the levies to bring manufacturing jobs back to the country.

The Volvo Group has announced it’s cutting 800 workers at its Volvo and Mack Truck plants in Pennsylvania, Virginia and Maryland.

“Heavy-duty truck orders continue to be negatively affected by market uncertainty about freight rates and demand, possible regulatory changes, and the impact of tariffs,” a Volvo Group spokesperson told Reuters.

Pennsylvania Democratic state lawmaker Josh Siegel told ABC27 that Trump’s tariffs have been a “devastating blow to Lehigh Valley workers” in a region where Mack remains one of the region’s largest employers.

Earlier this month Stellantis, which manufactures a variety of vehicles, announced it was laying off 900 employees at plants in Michigan and Indiana after the company paused production at some of its Canadian and Mexican assembly operations, according to a company memo obtained by CNN.

Steelmaker Cleveland-Cliffs laid off more than 1,200 workers in Michigan and Minnesota in March, and General Motors announced earlier this month it would temporarily lay off 200 workers at a plant in Detroit.

California Democratic Representative Ro Khanna claimed earlier this month that more than 4,100 factory workers had been laid off across the U.S. as Trump’s tariffs rattled markets.

Some analysts have estimated that ultimately some 177,000 jobs in the U.S. would be cut after Trump announced his first round of tariffs February. Goldman Sachs noted last week in a report that the president’s tariffs would likely create about 100,000 manufacturing jobs, while also killing up to 500,000 jobs across all industries.

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Posted
6 minutes ago, crash_davis said:

create about 100,000 manufacturing jobs, while also killing up to 500,000 jobs across all industries.

winning GIF

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Posted

There are simple solutions to the tariff issue. Just give up your sovereignty!


https://truthsocial.com/@realDonaldTrump/posts/114415618596069518

Good luck to the Great people of Canada. Elect the man who has the strength and wisdom to cut your taxes in half, increase your military power, for free, to the highest level in the World, have your Car, Steel, Aluminum, Lumber, Energy, and all other businesses, QUADRUPLE in size, WITH ZERO TARIFFS OR TAXES, if Canada becomes the cherished 51st. State of the United States of America. No more artificially drawn line from many years ago. Look how beautiful this land mass would be. Free access with NO BORDER. ALL POSITIVES WITH NO NEGATIVES. IT WAS MEANT TO BE! America can no longer subsidize Canada with the Hundreds of Billions of Dollars a year that we have been spending in the past. It makes no sense unless Canada is a State!

Meanwhile, people in Puerto Rico

Stare Judging You GIF

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Posted

Lulz:

Quote


White House blasts Amazon for 'hostile and political' tariff move

 

Amazon (AMZN) is denying reports that it will display the impact of tariffs next to the price of products on its e-commerce site that drew the ire of the Trump administration on Tuesday.

According to Washington Post reporter Jeff Stein, Amazon said it was never considering adding the additional cost caused by tariffs next to the price of goods on its main website, but rather was contemplating doing so on its low-cost Amazon Haul site.

Earlier on Tuesday, Punchbowl News reported that Amazon would show tariff-related price increases on goods. White House Press Secretary Karoline Leavitt called the move "a hostile and political act."

 

On Monday, Reuters reported that some Amazon merchants were planning to pare back their participation in the company's Prime Day event this summer due to tariff uncertainty.

"Why didn't Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?" Leavitt said following the Punchbowl News report. "And I would also add that it's not a surprise because, as Reuters recently wrote, Amazon has partnered with a Chinese propaganda arm."

It's unclear which report Leavitt was referring to, but a 2021 report from Reuters said Amazon partnered with China's propaganda arm to sell some publications on its US site.

 

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Posted

China deal made?  See what it looks like and if it ended up in our favor actually.  It would be kinda crazy if the bully tactic actually worked in our favor.  

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Posted
1 hour ago, Hook1997 said:

China deal made?  See what it looks like and if it ended up in our favor actually.  It would be kinda crazy if the bully tactic actually worked in our favor.  

I don’t know that it’s gonna matter.  People are very ready to have clarity, there will be an economic bounce even if things are a net negative as far as trade goes.

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Posted
4 hours ago, Hook1997 said:

China deal made?  See what it looks like and if it ended up in our favor actually.  It would be kinda crazy if the bully tactic actually worked in our favor.  

But I thought that we were supposed to learn to live without cheap shit from China?

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Posted
14 hours ago, Hook1997 said:

China deal made?  See what it looks like and if it ended up in our favor actually.  It would be kinda crazy if the bully tactic actually worked in our favor.  

Spoiler alert: it didn’t work.  But it sure will be exciting for supply chain managers for another 90 days.

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Posted
Spoiler alert: it didn’t work.  But it sure will be exciting for supply chain managers for another 90 days.

My BIL will have two or three containers shipped this week that his suppliers have been holding. I’m sure there are many others in the same situation.
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Posted
2 minutes ago, Goofyboy said:


My BIL will have two or three containers shipped this week that his suppliers have been holding. I’m sure there are many others in the same situation.

I suspect ports will be a cluster fuck in a few weeks to catch up on TEUs that were held back.  On top of that, what do companies do with the 145 percent taxed shit that has arrived?  It is a nightmare to have these super volatile tax rates.

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Posted
30 minutes ago, Hefeweizen said:

I suspect ports will be a cluster fuck in a few weeks to catch up on TEUs that were held back.  On top of that, what do companies do with the 145 percent taxed shit that has arrived?  It is a nightmare to have these super volatile tax rates.

Well the good news is, not a lot of 145 percent stuff was ever shipped.  As alluded to above, much of it was held back.  But still some arrived and will have to be dealt with.

Ports will definitely be a mess for a while.  

 

Posted
I suspect ports will be a cluster fuck in a few weeks to catch up on TEUs that were held back.  On top of that, what do companies do with the 145 percent taxed shit that has arrived?  It is a nightmare to have these super volatile tax rates.

Some will eat the costs where they can and raise prices where they can. I imagine most only ordered critical items and have planned around it best they can.
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Posted
11 hours ago, Beau Vine said:

But I thought that we were supposed to learn to live without cheap shit from China?

So I can maybe break it to my daughters that they can have 30 dolls each for Christmas instead of just 2 each?

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Posted

I haven't seen anything about rare earths. That's potentially more important to a lot of supply chains than tariffs, since the former can utterly shut down production, while prices can be raised to account for tariffs, though not ideal.

Anyone that is following this more closely than me see anything on rare earths? What a stupid own goal.

Posted

I have no idea how significant this may be, but the 20% disparity between our level of tariffs and china's level of tariffs is proportionally bigger at 30/10 than it is at 145/125.    I am sorta surprised that is not being used by the admin as evidence that "we won this negotiation."  That makes me think both parties realized de-escalation was needed quickly and that we are ready to mostly turn the page.  At least the news page.  There's no end zone dancing in the face of a vanquished opponent going on here regarding the tariff deal with China.  POTUS is just talking about tariffs on movies, cutting prescription drug prices and the release of Edan Alexander by Hamas.

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Posted
6 hours ago, mdmost said:

So I can maybe break it to my daughters that they can have 30 dolls each for Christmas instead of just 2 each?

*Terms and conditions subject to change in 90 days. Thank you for your attention to this matter.

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Posted
7 hours ago, Hefeweizen said:

I suspect ports will be a cluster fuck in a few weeks to catch up on TEUs that were held back.  On top of that, what do companies do with the 145 percent taxed shit that has arrived?  It is a nightmare to have these super volatile tax rates.

The Joker GIF by Legendary Entertainment

find someone to burn that shit and make it look like an accident, write it off/commit slight insurance fraud, reorder at new lower tariff rate... 

 

...that will be $9.95 please

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Posted
8 hours ago, Hefeweizen said:

 On top of that, what do companies do with the 145 percent taxed shit that has arrived?

All these big companies, they write off everything.

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Posted

So - if inflation is in the twos range - this 30% price increase won’t affect that.   You see, a pimp’s love is very different from that of a straight. 

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Posted

So the Chinese kids I’m paying $0.50 an hour, 18 hours a day, to farm stuff in World of Warcraft - surely I don’t have to pay tariffs on that shit since Trump is currently not aware of Azeroth?

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Posted
15 minutes ago, atomheartbevo said:

So the Chinese kids I’m paying $0.50 an hour, 18 hours a day, to farm stuff in World of Warcraft - surely I don’t have to pay tariffs on that shit since Trump is currently not aware of Azeroth?

I think you mean the Kingdom of Americoff, nerd.

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Posted
On 5/11/2025 at 5:02 PM, Hook1997 said:

China deal made?  See what it looks like and if it ended up in our favor actually.  It would be kinda crazy if the bully tactic actually worked in our favor.  

In all fairness, that is exactly the Trump playbook as he has openly admitted to embracing. Thats the only play he knows. He did it with Ukraine/Ukraine and China.

 

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Posted (edited)
On 5/12/2025 at 8:27 PM, BurntEyes said:

In all fairness, that is exactly the Trump playbook as he has openly admitted to embracing. Thats the only play he knows. He did it with Ukraine/Ukraine and China.

 

The thing is, very few if any of us will a) know the terms of this new deal and b) have the ability to evaluate it, either on its own or in comparison to the prior deal or status quo.

That means that Trump and his shills will tell us it's the most tremendous trade deal, like no one has ever seen.  And then trade experts will chime in and tell us that it's either bad or not a material change from the prior deal and Trump will label them RINO, or from the failing ________, or some other nonsense, and the base will lap it up.

Edited by TwiceHorn
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Posted
10 minutes ago, Armybrat said:

IMG_5519.webp

If we were truly winning, we'd be able to go back to the days of Chinese delivery for a family of 4 for less than $25

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Posted
*Terms and conditions subject to change in 90 days. Thank you for your attention to this matter.

Several of our distributors have in their signatures “pricing is only as good as the time of quote. All prices subject to change at anytime”

I know several are updating pricing for copper wire by the hour. I can’t imagine the headaches they have for switch gear that has 52-64 week lead times as this stuff constantly changes while trying to shore up the rest of the electrical components needed for a building to maintain costs.

If you don’t have switch gear the rest of the equipment in the building doesn’t do you much good.

Lots of relationships being tested at the moment.
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Posted (edited)
On 5/14/2025 at 10:01 PM, TTU13 said:


Several of our distributors have in their signatures “pricing is only as good as the time of quote. All prices subject to change at anytime”

I know several are updating pricing for copper wire by the hour. I can’t imagine the headaches they have for switch gear that has 52-64 week lead times as this stuff constantly changes while trying to shore up the rest of the electrical components needed for a building to maintain costs.

If you don’t have switch gear the rest of the equipment in the building doesn’t do you much good.

Lots of relationships being tested at the moment.

My wife's stepbrother owns a plumbing company. His supplier sent him quotes for materials with a disclaimer that prices were only good for 48 hours.

Edited by Schulz2.0
Posted (edited)

Great timing for the summer - the President talking about the EU.

Truth Details | Truth Social

The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable. Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States. Thank you for your attention to this matter!

Truth Details | Truth Social

I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S. Thank your for your attention to this matter!

https://www.msn.com/en-us/money/economy/trump-s-threat-of-25-tariff-on-iphones-makes-price-hikes-more-likely/ar-AA1Fn1z8

Apple is expected to unveil four new iPhone models in a matter of months — and they might cost more than you expect.

On Friday morning, President Donald Trump threatened to impose a significant new tariff on iPhones, seemingly in hopes of forcing the company to produce its most lucrative product line domestically.

“I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump said in a post on Truth Social. “If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S. Thank your [sic] for your attention to this matter!”

Most consumers buying an iPhone around the world wind up with a device produced in China, but Apple CEO Tim Cook said in early May that the majority of new iPhones arriving in the United States would come from assembly facilities in India.

Currently, Apple builds none of its iPhone models in the United States. Even if it wanted to, the process of developing a domestic production pipeline would be staggeringly expensive and would take years — the first American-made iPhones probably wouldn’t ship until after Trump leaves office, said Gerrit Schneemann, a senior analyst at Counterpoint Research.

“Would that be enough appeasement? I don’t know,” he said.

Notably, Trump did not call out any of the company’s other products — like Apple Watches, Mac computers, AirPods and iPads — that Cook indicated would largely be sourced from Vietnam.

Cook also previously said that, assuming trade policy remained stable, the company expected to take on an additional $900 million in costs directly related to tariffs. An additional 25 percent tariff complicates that math further and makes it far less likely that Apple — even with its vast cash reserve — keeps iPhone prices stable by eating those costs.

Schneemann said that, while a price hike on Apple’s iPhone 17 models was already likely, “this latest development makes it almost a certainty.”

Apple did not immediately respond to a request for comment.

In the wake of Trump’s announcement, several questions remain.

In an appearance on Fox after the president made his statement, Treasury Secretary Scott Bessent said Trump is “trying to bring back precision manufacturing to the U.S.” But it’s not clear how effective the president’s threat will in be in forcing Apple to move iPhone production stateside.

Ming-Chi Kuo, an analyst at TF Securities International, said in a post on X that — if Trump’s tariff plan holds — Apple would be financially better off continuing to produce all iPhones overseas.

That means the iPhones you may buy down the road probably will be more expensive than they used to be, but not as much as some estimates of what a fully American iPhone could cost. (One slightly outlandish guess pegs a U.S.-made iPhone’s price at around $3,500.)

There’s also the question of implementation: Can Trump even make this tariff happen?

Tariffs generally apply to broad categories of products rather than a specific product from a single company, said Simon Lester, president of WorldTradeLaw.net and a fellow at the Baker Institute International Economics Program. That makes trying to implement this hyper-specific tariff “both a practical and legal challenge.”

“It’s hard to see what statute would apply here,” he added.

$2,150 for an iPhone? Trump tariffs are ‘category 5 price storm’ | Trump tariffs | The Guardian

This is deeply problematic for the California-based firm because Trump has imposed “reciprocal” tariffs – a tax on imports – of 125% on goods imported into the US from China. On Thursday it became clear a separate 20% fentanyl-linked border tax would be levied on top of this, taking the total burden to 145%. Apple faces paying a hefty sum on any iPhone brought into the US, which is likely to be passed on to consumers in the form of higher prices.

Investors in one of America’s golden stocks have panicked at the prospect of its sales suffering as a consequence. Although shares in Apple have recovered some of their losses since Trump’s “liberation day” announcement on 2 April, the company had still lost more than $300bn in value by market open on Friday.

In an example of potential price increases, analysts at investment bank UBS have warned that the price of an iPhone 16 Pro Max (with 256GB of storage) could rise by 79% from $1,199 (£915) to about $2,150 (£1,600), based on a total tariff of 145%.

 

Edited by atomheartbevo
Posted

One of the articles mentioned an AI-generated video of Americans making stuff in America that is currently made in China, and apparently we are all mostly fat, but the skinnier ones will be making iPhones

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Posted

I wonder if we’ll come up with a fun 21st-century neologism to describe all the various crimes of this new fraud-filled era that we’ve ushered in by the cons in charge, or if the existing ones, such as bootlegging, piracy, smuggling, trafficking, counterfeiting, Ponzi scheming, scamming, thieving, poaching, plundering, or grifting, will suffice.

 

Trade Crime Is Soaring, U.S. Firms Say, as Trump’s Tariffs Incentivize Fraud
President Trump’s steep global tariffs have supercharged efforts to evade them. Some U.S. companies say the government is ill equipped to keep up.

As President Trump’s tariffs have ratcheted up in recent months, so have the mysterious solicitations some U.S. companies have received, offering them ways to avoid the taxes.

Shipping companies, many of them based in China, have reached out to U.S. firms that import apparel, auto parts and jewelry, offering solutions that they say can make the tariffs go away.

“We can avoid high duties from China, which we have already done many in the past,” read one email to a U.S. importer.

“Beat U.S. Tariffs,” a second read, promising to cap the tariffs “at a flat 10%.” It added: “You ship worry free.”

“Good News! The tariffs has been dropped finally!” another proclaimed.

The proposals — which are circulating in emails, as well as in videos on TikTok and other platforms — reflect a new flood of fraudulent activity, according to company executives and government officials. As U.S. tariffs on foreign products have increased sharply in recent months, so have the incentives for companies to find ways around them.

The Chinese firms advertising these services describe their methods as valid solutions. For a fee, they find ways to bring products to the United States with much lower tariffs. But experts say these practices are methods of customs fraud. The companies may be dodging tariffs by altering the information about the shipments that is given to the U.S. government to qualify for a lower tariff rate. Or they may move the goods to another country that is subject to a lower tariff before shipping them to the United States, a technique known as transshipment.

The Trump administration said this month that it would focus more on fighting trade fraud, including tariff evasion. The administration is also trying to persuade other countries to step up their own enforcement efforts, including in trade talks with Vietnam, Mexico and Malaysia. But many American companies say the scale of illicit activity now far outweighs the ability of these governments to thwart it.

These schemes are costing the U.S. government billions of dollars in tariff revenue annually, executives and officials say. And they are leaving honest companies that pay tariffs deeply frustrated and worried about being left at a financial disadvantage to dishonest competitors.

“If nothing is done, those willing to cheat are going to continue to win the day here,” said David Rashid, the executive chairman of Plews, a car parts company that has appealed to the government to crack down on unfair trading practices by its competitors.

Mr. Rashid said that unfairly traded products had filtered into supply chains throughout the United States. “It’s easy to pull the wool over people’s eyes, especially if people like the wool over their eyes,” he added.

Continued (free link): https://archive.is/7NTa4

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Posted

I mentioned it when all this shit started going down, but I'm totally down with getting into the bootlegger bidness if I get to drive a sweet wooden boat....

 

110ke8-zf-samai2fb88uepnumzrhyuh_binary_

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