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There will also be some sort of lag. Chinese products at the port of Long Beach or Los Angeles then have to get by truck or rail to Topeka, and then by smaller trucks to individual brick and mortar stores. Some of that stuff is still on the road, but the flow got switched off at the port. And now the ships aren't even leaving China, or are leaving with less. If and when it gets switched back on, the flow won't be felt until the next ship to leave Shanghai gets its contents to Topeka.
At my work we’ve already gotten notice from some of our suppliers of price increases tied directly to the tariffs they now have to pay. We’re just a small print shop so our main clients are local schools, churches youth sports leagues and other small businesses. These aren’t exactly customers with a ton of money to spend on this stuff so were already expecting a drop in sales going forward.Yep. I know some folks on the manufacturing side of the pro audio industry, and even the boutique manufacturers who do a lot of design, assembly, and testing in the US are getting clobbered because they still source components and circuit boards from China.
FWIW, from the chief economist at Apollo:There will also be some sort of lag. Chinese products at the port of Long Beach or Los Angeles then have to get by truck or rail to Topeka, and then by smaller trucks to individual brick and mortar stores. Some of that stuff is still on the road, but the flow got switched off at the port. And now the ships aren't even leaving China, or are leaving with less. If and when it gets switched back on, the flow won't be felt until the next ship to leave Shanghai gets its contents to Topeka.
FWIW, from the chief economist at Apollo:
How Are US Consumers and Firms Responding to Tariffs?
Here's their picture with that lag fleshed out:
View attachment 364217
Maybe we really should stock up on toilet paper and bidets. Time to plant a victory garden.FWIW, from the chief economist at Apollo:
How Are US Consumers and Firms Responding to Tariffs?
Here's their picture with that lag fleshed out:
View attachment 364217
Man, I can't read those with a straight face.
The guy who typed it and his followers believe it
We will go into a recession, with or without trade concessions. Apollo says we will go into stagflation, but I think not because of this dudes explanation.Here's their picture with that lag fleshed out:
Yes but some are in the delusion think Trump was left with a "strong" economy, lol. When the economy was fragile to begin with, Trump just accelerated it with tariffs.Looks like the cope has shifted to "we were going to go into a recession anyway".
I've got a secret: the economy was headed toward a recession in 2018. But I wouldn't expect you guys to know this.
Yep, and hopefully this won't happen as much to Americans in the future.That's when Nestle outsourced my job to the Philippines.
It has to get worse before it gets better, so first we had to stop things from getting better so they could become worse.It was almost too late to stop Biden's thriving economy!
Whereas, in fact, we were told this would happen due to Trump's actions. [Oct 29]Looks like the cope has shifted to "we were going to go into a recession anyway".
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