Good. Hope it hurts.
It will.
Unfortunately, it will also hurt those who wanted nothing to do with Trump’s lies.
Everyone, except the rich, will suffer. Thanks for voting! /s
I am a hollow shell of a man, emptied of all but schadenfreude. If we’re all going to suffer, I find peace in the fact that they’ll suffer alongside me.
I have been made into that which I hated most and now I don’t even have the energy to fight it anymore.
Unfortunately, this kind of ignorance comes from a weakening of our education system. It’s not just on them that this has happened, and its only going to get worse if we don’t try to stop it.
Hey, exactly! The fact that we are even allowing this nonsense is a true testimony to how extremely important education is! If you remain ignorant, you are more easily persuaded to believe anything because you aren’t taught what “bullshit” is, and have no real ability to think for yourself.
Education is freedom from ignorance.
This!!! I don’t actually expect our K thru 12 education system to inform the average people about macro-economic policy impacts. This is about being gullible, hearing what you want to hear, refusing to listen to opposing opinions with an open mind, and hero worship.
So if there’s anything to blame on our education system (and society culture at large) it’s a lack of critical thinking education and an excess of magical thinking education that emphasizes blind agreement with authority.
Trump’s Tariffs are BIDENS FAULT! And they’ll STILL be Biden’s Fault EVERY TIME I vote for the man who LITERALLY campaigned on creating these Tariffs!
Is the owner of the company purchasing a year’s worth in order to keep the price they charge down, or in order to raise prices in February when their customers expect it because of the new tariffs, and pocket the difference? While having avoided paying bonuses?
Obviously I don’t know the business in question, but it’s quite possible that the company has a bunch of longer running contracts that would become a loss if the inputs become much more expensive.
Of course, businesses will use the opportunity to charge more, but sudden price hikes are a very real problem.
This is almost certainly what’s happening. The proposed tariffs will be very hard on American businesses and devastating for the consumer. It’s quite literally a fairly severe tax on domestic companies and the American people. But, honestly, we could do with a less consumerism in this country. Unfortunately, it’s likely to cause a tough economic downturn that will hurt poor people the most.
Be hilarious if Trump simultaneously collapses the economy and starts a green movement built around an inherent need for a second hand economy.
they’ll pocket the difference, jack up prices, refuse bonuses next year, business slows, lay off half the staff, buy material on credit–maybe siphoning some of that off, bonuses are now a distant memory, jack prices up again. business slows to a crawl, lay off more. business falters. file bankruptcy with millions of outstanding debt to write off.
just like their diaper-wearing idol would.
Large and small manufacturing companies have contracts for orders for months to years out with set prices, some of which might have wiggle room for costs but not to this extent. Plus manufacturing already tries to balance out costs across projects due to fluctuating prices for materials. If their materials double (or more) in price they will be screwed by the contracts and guaranteed to lose money on all of them.
Buying at the current prices means they will have to pay to have the materials stored in a warehouse, which will cut into their planned profits for those existing contracts. Hell, they might be buying at a higher cost than they normally would when fulfilling the contracts.
The company is getting screwed, not trying to fleece customers or their employees.
Does it matter? This wouldn’t have happened without Trump being elected and the looking threat of tariffs. Whether the owner is using that as cover for jacking up the prices or not, it’s still a LAMF moment.
Without having more detail I can’t speak with certainty, but, general principles of inventory management and cash flow discourage having a surplus of stock, as that ties up a significant amount of working capital in the costs of storing and handling it all - you risk not being able to pay your liabilities because you’ve sunk all your funds into inventory that hasn’t yet sold and generated more revenue.
Companies often have longer term contracts with specific prices agreed that can’t always be easily changed. Those contacts could quite easily become unprofitable if there are sudden increases to the direct costs of fulfilling them. So, rather than trying to fuck customers, this company is likely trying to stock-up at current market prices to ride-out the first year of tariffs, but in doing so, needs a large injection of working capital to cover the expenditure (hence cancelling bonuses), and also puts itself in a very vulnerable position where cash flow is concerned by tying up that capital in inventory - any further sudden and unexpected costs could lead to the business folding.
If they’re reputable enough and tend to operate in good faith, they could be giving their customers time to prepare for the incoming price hike. They’ll probably lose customers that can’t afford to operate with the new price later on but the transparency would go a long way towards maintaining healthy business relations with the remaining customers.
Sorry not sorry.