Yep that’s tariffs 101
But he said he’d lower grocery prices le shock.
Gasp! Who would’ve thought?!
I am shocked, shocked I say. I can’t believe this country is going in the direction it is. I mean, we voted in Biff Tannen, I thought things would be different
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.
It’s been the same in the US since covid.
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
It’s not just domestic companies being greedy (though they definitely are) they kinda have to raise prices to avoid shortages. Basic supply and demand pressures.
In the long term they could expand their production and lower the prices, which is theoretically the point of the tariffs. But no one is going to make that long term investment because of the likelihood that the tariffs will be ruled illegal by the courts and general TACO stuff.
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.
a lot of people
For low values of “people.”
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.
They knew that was a lie, but they’re OK with lying if it benefits their agenda.
Well honestly I kinda don’t understand what’s been happening since April. I know there’s been a lot of chickening out but I had thought that a lot of tariffs were in place even if it’s only 10%. Have grocery chains not been passing this on for the last several months?
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
You know it’s true. Why would trump push them if it wasn’t some scam? Guys birthday was sponsored by a Bitcoin scammer
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.
Any more detail on the bonds thing or articles?
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.
79 and apparently has some kind of medical issue
Not heard any of this. Any links?
not that i doubt this but do you have a source for the info? very curious to learn more about this, havent heard as much before
Sorry I don’t have a an exact source. From what I recall they were talking about this on the Bulwark a month ago I think? It’s such a weird thing (is bond the right word for it?) that there’s even a term for it. So it’s not an easy thing to search for. What do you even call it when you can buy a piece of a tax refund that you expect to happen when the court rules the government levied an illegal tax?
Shocked Pikachu meme
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.
Is this not C/leopardatemyface?
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.
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.
Waffle House isn’t too bad. Even Anthony Bourdain enjoyed it. If I don’t get tacos when I’m up at 3am (we’ve got an amazing 24 hour taco stand about 10 minutes from me and the tacos are all $3 or less) I’ve been known to stop in and get my drunk ass scattered, smothered, covered, and chunked. It ain’t the best food in the world, but it definitely hits that little happy button in my brain.
Cracker barrel wishes they were waffle house.
Oh, I wasn’t even talking about the food, just the servers trying to make money. At least Waffle House has a good amount of people going through it, but nobody seems to remember Cracker Barrel existed before now so I assume it’s much slower/fewer tips.
Oh, totally unsurprising, I don’t think Waffle House is a “good” corporation by comparison, just better than working somewhere that’s slow AF. Back in the day (90’s/00’s) Cracker Barrel also got shit for refusing to hire gay people.
I wasn’t clear. Part of the reason no one remembers Cracker Barrel is that the food is pretty bleh. A few things are incredibly bad. Anything that is kind of ok is outshined by waffle house.
But yeah, being a server there has to suck.
I usually only drive past one on Sundays (church crowd) but that one is always completely packed. Unsure how it does other days. I want to say I’ve been by there a few times on Saturday morning and it’s also been very busy.
Source: deep south US, if the term “church crowd” didn’t already tell you that.
The church crowd are notoriously terrible tippers (a fake $20 bill with a ‘find Jesus’ message on it, anyone?), so my reasoning was it still probably evens out to sucky.
You’ll get no arguments from me on that ;)
The whole thing is just a cost cutting measure. There’s a reason why all fast food places look the same now… it’s the cheapest way to build a restaurant.
But sure… let’s pretend there must be a politcal reason for all restaurants having the same boring design so we can pretend anything we don’t like is “woke”.
I was definitely in the last of those three categories.
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Well yes. A logo change is very explicitly a marketing stunt to get people paying attention to you.
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.
Trump has already threatened to sue grocery stores and Amazon for listing the tariff, and they’re cowards
