After a Lag, Consumers Begin to Feel the Pinch of Tariffs

[MTAtech]

After a Lag, Consumers Begin to Feel the Pinch of Tariffs​

Companies are starting to shift more tariff-related costs onto consumers.
...
Government data, including from the Commerce Department this week, show that prices rose in June on items heavily exposed to tariffs, such as home furnishings, toys and appliances.

And in recent days — before Mr. Trump announced tariffs for much of the world on Thursday night — Adidas, Procter & Gamble, Stanley Black & Decker and other large corporations told investors that they either had increased prices or planned to do so soon to offset the tariff costs. Companies like Walmart and the toymakers Hasbro and Mattel had already warned that tariffs would lead to higher prices.

“We have no interest in running a lower-margin business, particularly due to tariffs,” Richard Westenberger, the chief financial officer of Carter’s, a children’s apparel maker, said on a call with analysts on July 25. “And if this is something that’s going to be a permanent increase to our cost structure, we have to find a way to cover it.”
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Ironic that voters chose Trump over Harris because he promised to roll back prices "day one." Now, over 190 days in prices are not only not declining but are rising due to the king's tariffs.

 

[Yakshi]

With economics, Trump supporters will soon be arguing with straight faces that stagflation will make America great.

On the morality front, Trump supporters are currently defending a pedophile president as if it is their full-time job.

Both things inflame annoyance in normal people, so MAGA will support it reflexively.

 

[KingLeo]

And more just took effect on 8-1 so US consumers will be feeling the pain for months and months more.

 

[Allan]

Ironic that voters chose Trump over Harris because he promised to roll back prices "day one."

He also promised to cut energy costs in half.

 

[Ahlevah]

They’re not feeling the pinch of tariffs. They’re feeling the pinch of “broke”:

 

[CaughtInThe]

MAGA families losing more money (tariffs), as they struggle to pay their bills, so that Trump and Bezos and Musk can have more $$$$ that they will never spend.

You can't fix stupid.

 

[Integrityrespec]

After a Lag, Consumers Begin to Feel the Pinch of Tariffs​

Companies are starting to shift more tariff-related costs onto consumers.
...
Government data, including from the Commerce Department this week, show that prices rose in June on items heavily exposed to tariffs, such as home furnishings, toys and appliances.

And in recent days — before Mr. Trump announced tariffs for much of the world on Thursday night — Adidas, Procter & Gamble, Stanley Black & Decker and other large corporations told investors that they either had increased prices or planned to do so soon to offset the tariff costs. Companies like Walmart and the toymakers Hasbro and Mattel had already warned that tariffs would lead to higher prices.

“We have no interest in running a lower-margin business, particularly due to tariffs,” Richard Westenberger, the chief financial officer of Carter’s, a children’s apparel maker, said on a call with analysts on July 25. “And if this is something that’s going to be a permanent increase to our cost structure, we have to find a way to cover it.”
===========
Ironic that voters chose Trump over Harris because he promised to roll back prices "day one." Now, over 190 days in prices are not only not declining but are rising due to the king's tariffs.

I disagree with the claims. It's democrat party BS. The high interest rates imposed by the fed are the largest problem to our current economy. That's due to the democrats. Many people cannot afford to buy homes because the mortgage rates are so high they just can't find the money. My own home is currently worth more than what I paid for it and interest rates are almost 3 X as high as I pay on my home loan. Can you imagine someone buying my home now? The payment would be almost 3x higher. The democrats haven't done a thing to help that, and the fed certainly hasn't. If the fed will drop rates we all will save money.
The fed is over managing our rates.

 

[TangoNoCash]

I disagree with the claims. It's democrat party BS. The high interest rates imposed by the fed are the largest problem to our current economy. That's due to the democrats. Many people cannot afford to buy homes because the mortgage rates are so high they just can't find the money. My own home is currently worth more than what I paid for it and interest rates are almost 3 X as high as I pay on my home loan. Can you imagine someone buying my home now? The payment would be almost 3x higher. The democrats haven't done a thing to help that, and the fed certainly hasn't. If the fed will drop rates we all will save money.
The fed is over managing our rates.

But Democrats. I know it’s difficult to remember who’s in charge. Want better interest rates, have a shit economy. Trump is working on it. I think the system is inherently broken but Trump is taking us to a new level.

 

[Brack]

I disagree with the claims. It's democrat party BS. The high interest rates imposed by the fed are the largest problem to our current economy. That's due to the democrats. Many people cannot afford to buy homes because the mortgage rates are so high they just can't find the money. My own home is currently worth more than what I paid for it and interest rates are almost 3 X as high as I pay on my home loan. Can you imagine someone buying my home now? The payment would be almost 3x higher. The democrats haven't done a thing to help that, and the fed certainly hasn't. If the fed will drop rates we all will save money.
The fed is over managing our rates.

Wouldn't interest rates be lower if Trump hasn't implemented the tariffs???

 

[TamleeB]

Wouldn't interest rates be lower if Trump hasn't implemented the tariffs???

No.

 

[Lycanthrope]

You can't fix stupid.

 

[Variant]

No.

It would be easier to lower interest rates if tariffs weren't putting upward pressure on inflation.

 

[Jetboogieman]

I disagree with the claims.

Nobody cares.

 

[Plasmaball]

I disagree with the claims. It's democrat party BS. The high interest rates imposed by the fed are the largest problem to our current economy. That's due to the democrats. Many people cannot afford to buy homes because the mortgage rates are so high they just can't find the money. My own home is currently worth more than what I paid for it and interest rates are almost 3 X as high as I pay on my home loan. Can you imagine someone buying my home now? The payment would be almost 3x higher. The democrats haven't done a thing to help that, and the fed certainly hasn't. If the fed will drop rates we all will save money.
The fed is over managing our rates.

Why are you wasting everyone's time with this nonsense?
Every ****ing thread its the same type of just made up crap.

 

[TamleeB]

Why are you wasting everyone's time with this nonsense?
Every ****ing thread its the same type of just made up crap.

“Everyone’s time”? I am fine with you speaking for yourself, but I would appreciate you not speaking for me. I enjoy his posts. And I am open to hearing from all sides. You…on the other hand appear afraid to actually engage in being open to opinion outside of your own. Do try to do better.

 

[JMR]

“Everyone’s time”? I am fine with you speaking for yourself, but I would appreciate you not speaking for me. I enjoy his posts. And I am open to hearing from all sides. You…on the other hand appear afraid to actually engage in being open to opinion outside of your own. Do try to do better.

You are confusing "opinions outside of your own" with total bullshit. There's a lot of both on these boards.

 

[Plasmaball]

“Everyone’s time”? I am fine with you speaking for yourself, but I would appreciate you not speaking for me. I enjoy his posts. And I am open to hearing from all sides. You…on the other hand appear afraid to actually engage in being open to opinion outside of your own. Do try to do better.

Your opinion is irrelevant to me. You dont count as someone that matters when it comes to having a rational conversation.

Your opinions to me are just a mirage.

 

[TamleeB]

It would be easier to lower interest rates if tariffs weren't putting upward pressure on inflation.

Interest rates should be lowered. Period

 

[TamleeB]

You are confusing "opinions outside of your own" with total bullshit. There's a lot of both on these boards.

I am good with all opinions. You…apparently not so much.

 

[JMR]

I am good with all opinions. You…apparently not so much.

And how would you come to that conclusion? Your thirty second snarky response is getting worn out..

 

[TamleeB]

Your opinion is irrelevant to me. You dont count as someone that matters when it comes to having a rational conversation.

Your opinions to me are just a mirage.

It appears to me you are unwilling to listen to any opinion in which your as* isn’t kissed. Can you pinpoint an opinion I gave that is a “mirage’? You seem a bit afraid at the prospect that others don’t agree with your every spoken word.

 

[Plasmaball]

It appears to me you are unwilling to listen to any opinion in which your as* isn’t kissed. Can you pinpoint an opinion I gave that is a “mirage’? Of course other than calling you out.

My ass kissed. Ok..anything else before I move on?

 

[TamleeB]

My ass kissed. Ok..anything else before I move on?

You of course are free to move on. Which I suspect you will quickly do. As confrontation is not your strong suit.

 

[Plasmaball]

You of course are free to move on. Which I suspect you will quickly do. As confrontation is not your strong suit.

You have no clue who you are talking to.

 

[Mycroft]

When I read the OP's article, I see a lot of "there's not much of a rise in costs" (fact) with a smattering of "things could get worse" (speculation).

Not much to worry about right now, is there?