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Yup, and when the tariffs go away, they'll keep the higher prices and pocket the difference.
Here in Australia, most of the inflation we encountered in 2024 was due to large retailers simply increasing their prices because everyone expected everything to be more expensive.
Another fun thing about tariffs. Those domestic producers that are being protected by tariffs will increase their prices as high as they can.
For example, let’s say an American company can sell a widget for $5 and a Chinese company can sell it for $4.
You slap a 100% tariff on the Chinese widget, now it costs the consumer $8.
The American company can now sell you the widget for the initial $5 and leave $2.99 on the table, or they can jack their price up to $7.99, be cheaper than the Chinese widget, and increase their profits while gesturing around vaguely at “market conditions”
End result, you pay more for the widget, more than it the foreign producer used to sell it for and more than the domestic producers used to sell it for.
Now imagine you make something that has dozens of inputs and that happens to every input.
Truly a golden age
Wouldn't it be more news worthy if they were not?
Unfortunately, a lot of people actually believe the Chomo-In-Chief's bullshit and truly thought that other countries were paying the tariffs.
The very same rocket surgeons thought that Project 2025 was a "Democratic hoax" or a "blue maga conspiracy theory", too...not the sharpest bulbs, as Taco would say.
Shocked Pikachu meme
It's going to be super frustrating when a court suddenly decides in a couple of years that actually these tariffs were illegal all along and the federal government has to give the money back to the businesses and they just pocket all this money
when a court suddenly decides in a couple of years
Good start
that actually these tariffs were illegal all along
We hope
and the federal government has to give the money back
I don't think that can happen, but it would be nice down the line to-
to the businesses and they just pocket all this money
GOD DAMN IT
Even more frustrating...some companies are putting out bonds that they will pay out when they recover the money they paid to the government for these tariffs. There are members of Trump's administration that have bought these bonds.
So you're paying higher prices for everything and Trump's guys (and likely Trump himself too) are going to profit from it.
Trump is 79 and apparently has some kind of medical issue (it must be serious considering that they're covering it up). Hopefully this orange ass-clown won't live long enough to enjoy it.
why hasn't anyone told about this???
Retailers wanted to put a line item on the receipts calling out the tariff costs and Trump threatened to sue them.
same story with Amazon too, initially there was a note detailing the extra cost of tariffs. needless to say Trump started hurling threats, flailing his arms, crying and shouting.
Who could ever have foreseen something like this happening? Certainly, not I.
Well yeah. Tariffs are taxes and I told people last year I need to save up for the trump tax and most people shrugged it off or gave me a hard time.
I work with international sales, tariffs are my job. But as we know, people don't like facts or reality.
And let's not forget the "Look, the tariffs are adding 10% already... what's an extra 5% on top of that?" tax.
I want to say "no shit" but then I remember the average American.
Now they should put up signs next to the prices showing how much of the raise is due to Trumps tariffs.
Lol, you think the ruling class gives a fuck? Look up who the owners of Kroger, Publix, etc. supported. They are happy to just charge more and blame Democrats.
But it's fine, because Cracker Barrel changed their logo back.
That whole thing was so stupid. A bunch of folks hated it because they thought it was woke. A bunch more folks didn't give the slightest shit but thought it was a terrible rebrand. Even more folks said "Wait, they're still in business?"
Living off tips at a Cracker Barrel must be rough. At least Waffle House isn’t slow.
And somehow, they're still making record profits!
People still need to eat, and I wouldn't be surprised if the supermarkets have kept the same margins as a percentage with the higher price for essential products.
It is almost like that is how things work. MAGAts you are getting what you voted for.
Sadly, you and I, too.
Gosh, I thought they were just going to eat the costs, because Taco hereby ordered it.
Yep that’s tariffs 101
Wait what?
No shit
Yeah…my grocery bill has been reflecting this lately. Food is getting even more expensive.
But he said he'd lower grocery prices le shock.
This is why you don't fuck around and abstain from voting or shit on your vote and throw it in the trash with a non-viable 3rd party.
Because then conservatives gain control and trash our economy (again) and, oh yeah, bring fascism to America.
Or maybe we should blame the Republicans for electing republicans? You know, the ones who caused this?
Why not both? Republicans lock the fuck in when it comes to voting in just enough locations to flip seats. They turn out to vote in the necessary areas, where democrats don't.
I might not be able to change any republican's mind by telling them they are stupid as hell for voting the way they do (or give them facts that they would just ignore), but I can show up and encourage all my friends and family to vote against a fascist in our red district.
Because @DarkFuture@lemmy.world argues in bad faith and never blames both.
So exactly like they did during the pandemic... And continued to after the pandemic.
Groceries, they have a term ‘grocery.’ It’s an old term, but it means basically what you’re buying foods. It’s pretty accurate term, but it’s an old fashioned sound.
Groceries are what you buy from a grocer at a grocery store
Grocer is one of those terms where it gets increasingly evident that English is Germanic Hill with a French castle built on top.
Since my last grocery trip: beef is at record highs, worse than the pandemic. Egg beaters (100% inflation in 11 months) and Hot Pockets (50% inflation, same time period) are at record prices BJ's bottled water went up from $3.50 to $4, first increase I've seen Soda products are are almost record highs, around $8.75 ish. Record high was when diesel was super high, and was $9.50. now, 15 years ago, same store, it was regularly $2. an average loaf of bread is almost at $4.- 15 years ago it was breaking $1.
In other news, bears shit in the woods!