---President Elect Musk and Convicted Felon Donald J Trump---
Comments
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The thing about Trump followers and the whole MAGA thing, is that I don't even think of it as a wholly political ideology. Maybe I am wrong, but to me the way I have seen people gravitate to it makes me think more of a sports team. Where I live, Trump signs have never left people's yards since 2016, and I see his hats and bumper stickers all over the place. In a way, to me it seems not much different than the Cubs or Cardinals stuff I see everywhere as far as broadcasting your support, hoping to fit in and gain acceptance from the people around you. Some people want a sense of belonging and to show everyone that they are part of the clique. They may not agree with or believe in every promise he makes, but they will mostly likely overlook the shady and questionable stuff to continue to be part of the "winning team".0
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2023tbergs said:The Juggler said:Gern Blansten said:OnWis97 said:Gern Blansten said:OnWis97 said:BF25394 said:The Juggler said:
The fact of the matter is that we have a closely divided electorate. Obama's 53-46 win is probably about as much of a landslide as is possible under current conditions. Republicans are going to end up with 49.8 or 49.9 percent of the 2024 presidential vote and about 50.5 percent of the aggregate House vote. That's enough to win, but they would be wise to pay attention to the repeated lessons of the 21st century. Overread your "mandate" and the voters will turn on you in the next election, as they did on Bush in 2006, Obama in 2010, Trump in 2018 and Biden in 2022 (yes, Republicans won back the House majority in 2022 despite the common mischaracterization that the Democrats "won" in 2022-- they defeated expectations, but expectations are made up; they lost what matters, a majority of House seats).
If we had a parliamentary system, Republicans and Democrats would each probably get around 45-46 percent of the vote and one of them would have to cobble together a governing coalition with minor parties. Under our dumb system, you don't even need to get 50 percent of the aggregate House vote to be the majority party. And the Senate is even dumber. Two senators for Wyoming's 600,000 people and two senators for California's 40 million. Two senators for Vermont's 750,000 people and two senators for Texas' 30 million.)
BFS is right---there is no mandate by Trump. The guy has run three times and has never gotten more than 50% of the vote. There is no reason to build a cabinet made up of the most partisan unqualified dopes imaginable...yet here we are.
I am curious what the 49.9% will say in the near future when they realize the price of their bacon continued to rise or that we wound in a massive recession.
I'm not sure if it is strictly a social media thing or what exactly. The electorate won't get any smarter...but his ability to lead this cult is unmatched.Remember the Thomas Nine !! (10/02/2018)
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt20 -
2024Gern Blansten said:tbergs said:The Juggler said:Gern Blansten said:OnWis97 said:Gern Blansten said:OnWis97 said:BF25394 said:The Juggler said:
The fact of the matter is that we have a closely divided electorate. Obama's 53-46 win is probably about as much of a landslide as is possible under current conditions. Republicans are going to end up with 49.8 or 49.9 percent of the 2024 presidential vote and about 50.5 percent of the aggregate House vote. That's enough to win, but they would be wise to pay attention to the repeated lessons of the 21st century. Overread your "mandate" and the voters will turn on you in the next election, as they did on Bush in 2006, Obama in 2010, Trump in 2018 and Biden in 2022 (yes, Republicans won back the House majority in 2022 despite the common mischaracterization that the Democrats "won" in 2022-- they defeated expectations, but expectations are made up; they lost what matters, a majority of House seats).
If we had a parliamentary system, Republicans and Democrats would each probably get around 45-46 percent of the vote and one of them would have to cobble together a governing coalition with minor parties. Under our dumb system, you don't even need to get 50 percent of the aggregate House vote to be the majority party. And the Senate is even dumber. Two senators for Wyoming's 600,000 people and two senators for California's 40 million. Two senators for Vermont's 750,000 people and two senators for Texas' 30 million.)
BFS is right---there is no mandate by Trump. The guy has run three times and has never gotten more than 50% of the vote. There is no reason to build a cabinet made up of the most partisan unqualified dopes imaginable...yet here we are.
I am curious what the 49.9% will say in the near future when they realize the price of their bacon continued to rise or that we wound in a massive recession.
I'm not sure if it is strictly a social media thing or what exactly. The electorate won't get any smarter...but his ability to lead this cult is unmatched.
2. bigot
3. stupid
mix em all together and you TOO could lead your own cult! it's not hard, and you don't need to be smart.By The Time They Figure Out What Went Wrong, We'll Be Sitting On A Beach, Earning Twenty Percent.0 -
The fieldGern Blansten said:
Name this band...1995 Milwaukee 1998 Alpine, Alpine 2003 Albany, Boston, Boston, Boston 2004 Boston, Boston 2006 Hartford, St. Paul (Petty), St. Paul (Petty) 2011 Alpine, Alpine
2013 Wrigley 2014 St. Paul 2016 Fenway, Fenway, Wrigley, Wrigley 2018 Missoula, Wrigley, Wrigley 2021 Asbury Park 2022 St Louis 2023 Austin, Austin
2024 Napa, Wrigley, Wrigley0 -
2023HughFreakingDillon said:Gern Blansten said:tbergs said:The Juggler said:Gern Blansten said:OnWis97 said:Gern Blansten said:OnWis97 said:BF25394 said:The Juggler said:
The fact of the matter is that we have a closely divided electorate. Obama's 53-46 win is probably about as much of a landslide as is possible under current conditions. Republicans are going to end up with 49.8 or 49.9 percent of the 2024 presidential vote and about 50.5 percent of the aggregate House vote. That's enough to win, but they would be wise to pay attention to the repeated lessons of the 21st century. Overread your "mandate" and the voters will turn on you in the next election, as they did on Bush in 2006, Obama in 2010, Trump in 2018 and Biden in 2022 (yes, Republicans won back the House majority in 2022 despite the common mischaracterization that the Democrats "won" in 2022-- they defeated expectations, but expectations are made up; they lost what matters, a majority of House seats).
If we had a parliamentary system, Republicans and Democrats would each probably get around 45-46 percent of the vote and one of them would have to cobble together a governing coalition with minor parties. Under our dumb system, you don't even need to get 50 percent of the aggregate House vote to be the majority party. And the Senate is even dumber. Two senators for Wyoming's 600,000 people and two senators for California's 40 million. Two senators for Vermont's 750,000 people and two senators for Texas' 30 million.)
BFS is right---there is no mandate by Trump. The guy has run three times and has never gotten more than 50% of the vote. There is no reason to build a cabinet made up of the most partisan unqualified dopes imaginable...yet here we are.
I am curious what the 49.9% will say in the near future when they realize the price of their bacon continued to rise or that we wound in a massive recession.
I'm not sure if it is strictly a social media thing or what exactly. The electorate won't get any smarter...but his ability to lead this cult is unmatched.
2. bigot
3. stupid
mix em all together and you TOO could lead your own cult! it's not hard, and you don't need to be smart.
Remember the Thomas Nine !! (10/02/2018)
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt20 -
Gern Blansten said:
Name this band...0 -
JeBurkhardt said:The thing about Trump followers and the whole MAGA thing, is that I don't even think of it as a wholly political ideology. Maybe I am wrong, but to me the way I have seen people gravitate to it makes me think more of a sports team. Where I live, Trump signs have never left people's yards since 2016, and I see his hats and bumper stickers all over the place. In a way, to me it seems not much different than the Cubs or Cardinals stuff I see everywhere as far as broadcasting your support, hoping to fit in and gain acceptance from the people around you. Some people want a sense of belonging and to show everyone that they are part of the clique. They may not agree with or believe in every promise he makes, but they will mostly likely overlook the shady and questionable stuff to continue to be part of the "winning team".
The rest of them, for whatever reason, think Trump is going to deliver on the things they value at this point in time. They don't want to be accountable to censorship for shitty behavior because they think the left has gone too far with things like the "Me Too" movement, racial equity, police accountability, fact checking, etc. They're afraid they'll get swept up in an accusation that could cost them their job or social status because of something they said or did last week, last year or 20 years ago. Trump sheds allegations and criminal charges like a snake losing its skin and they identify with wanting to be able to move past their shitty moments without it costing them anything personally. That's obviously a pretty universal desire among all populations. We want to be forgiven, we want it to go away and we want to be allowed to move on, but not every action/behavior is as simple as a sorry. That is why the rule of law is in place. We can't allow these things to simply be pushed down because of wealth, their job title or social status. Unfortunately that does seem to be acceptable to many and even the highest court has granted exception that we've yet to see the limits of. It's unfortunate and yet the reality that as a society, we've haven't yet overwhelmingly agreed to a higher level of human decency. Maybe some day we will get there.It's a hopeless situation...0 -
Gern Blansten said:
Name this band...0 -
"It's a sad and beautiful world"-Roberto Benigni0
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teskeinc said:BF25394 said:teskeinc said:josevolution said:Convicted Felon title will always be attached to him till he goes bye bye same with president
President Trump
Convicted Felon of the United States of America?
collusions, impeachments, insurrections and election interference.The TDS runs as wild as Hulkamania. Be amazing if one day he is sentenced to anything.
He was convicted in the one criminal case that went to trial. The documents case is as cut-and-dried as it gets. He, again, is on tape asking the Georgia Secretary of State to "find" the precise number of votes he needed to win a state to enable him to steal an election that he lost. All of these things happened. They are not fantasies. Pretending that they didn't is truly deranged.
Why do you think I would feel better that someone who committed a series of crimes will get away with it? Do you believe in the rule of law or do you not? "Justice for thee and not for me," eh? Continue to bury your head in the sand while this grifter fleeces the American public, including you, for another four years. He does not care about you. He would sleep with your wife or call her ugly if she resisted his advances. And you'd ask for his autograph. The truest thing he ever said is that he could shoot someone in broad daylight on Fifth Avenue and his people would still support him. He knows you're a mark. Do you?
I gather speed from you fucking with me.0 -
teskeinc said:josevolution said:teskeinc said:BF25394 said:teskeinc said:josevolution said:Convicted Felon title will always be attached to him till he goes bye bye same with president
President Trump
Convicted Felon of the United States of America?
collusions, impeachments, insurrections and election interference.The TDS runs as wild as Hulkamania. Be amazing if one day he is sentenced to anything.
He was convicted in the one criminal case that went to trial. The documents case is as cut-and-dried as it gets. He, again, is on tape asking the Georgia Secretary of State to "find" the precise number of votes he needed to win a state to enable him to steal an election that he lost. All of these things happened. They are not fantasies. Pretending that they didn't is truly deranged.
I don’t vote for rapist!I gather speed from you fucking with me.0 -
teskeinc said:josevolution said:teskeinc said:josevolution said:teskeinc said:BF25394 said:teskeinc said:josevolution said:Convicted Felon title will always be attached to him till he goes bye bye same with president
President Trump
Convicted Felon of the United States of America?
collusions, impeachments, insurrections and election interference.The TDS runs as wild as Hulkamania. Be amazing if one day he is sentenced to anything.
He was convicted in the one criminal case that went to trial. The documents case is as cut-and-dried as it gets. He, again, is on tape asking the Georgia Secretary of State to "find" the precise number of votes he needed to win a state to enable him to steal an election that he lost. All of these things happened. They are not fantasies. Pretending that they didn't is truly deranged.
I don’t vote for rapist!I gather speed from you fucking with me.0 -
josevolution said:teskeinc said:josevolution said:teskeinc said:josevolution said:teskeinc said:BF25394 said:teskeinc said:josevolution said:Convicted Felon title will always be attached to him till he goes bye bye same with president
President Trump
Convicted Felon of the United States of America?
collusions, impeachments, insurrections and election interference.The TDS runs as wild as Hulkamania. Be amazing if one day he is sentenced to anything.
He was convicted in the one criminal case that went to trial. The documents case is as cut-and-dried as it gets. He, again, is on tape asking the Georgia Secretary of State to "find" the precise number of votes he needed to win a state to enable him to steal an election that he lost. All of these things happened. They are not fantasies. Pretending that they didn't is truly deranged.
I don’t vote for rapist!
always remember me I’m the one
WHO DOESN’T VOTE FOR RAPIST! No matter what or how much $$$ they promise to trickle down to us peasants! I’d rather be poor than stand with a piece of 💩💩 like your boy! Have a great day 😀I gather speed from you fucking with me.0 -
benjs said:Gern Blansten said:teskeinc said:josevolution said:teskeinc said:josevolution said:teskeinc said:BF25394 said:teskeinc said:josevolution said:Convicted Felon title will always be attached to him till he goes bye bye same with president
President Trump
Convicted Felon of the United States of America?
collusions, impeachments, insurrections and election interference.The TDS runs as wild as Hulkamania. Be amazing if one day he is sentenced to anything.
He was convicted in the one criminal case that went to trial. The documents case is as cut-and-dried as it gets. He, again, is on tape asking the Georgia Secretary of State to "find" the precise number of votes he needed to win a state to enable him to steal an election that he lost. All of these things happened. They are not fantasies. Pretending that they didn't is truly deranged.
I don’t vote for rapist!
You chose to ignore all of that and voted for the piece of shit. Who cares...you got what you wanted.
Look, Democrats got about 48.3 percent of the vote for president. They also got about 47.7 percent of the aggregate House vote. In 2020, the presidential race was 51.3-46.8 for the Ds. This time, it will end up something like 49.8-48.3 for the Rs. That is a three-point swing. It is not a tectonic shift. It only appears that way because the country is so closely divided, and a three-point swing in a closely divided race changes the outcome. The Democrats should not throw out the baby with the bathwater by abandoning principles that appealed to essentially half the country to appeal to the three percent of voters in the middle who swung from one party to the other. This was a race with a candidate who had no particularly strong case to be president other than that she was not Trump (which, in a decent world, would be enough) and who was saddled with the record of an unpopular incumbent, and she still came very close to winning. A quarter-million votes in three states would have changed the outcome. Some soul-searching is always good for a political party after a defeat, but the press should stop asking why Ds have "lost the support of the American people." They haven't. They have lost the support of half of the American people. So have the Rs. Welcome to our 50/50 country. You lose three percent of the people in the middle and you lose the election. If the Rs overreach, they'll swing back in 2026, just as they did in 2006 to the Ds, 2010 to the Rs, 2018 to the Ds and 2022 to the Rs.I gather speed from you fucking with me.0 -
Gern Blansten said:
Name this band...0 -
BF25394 said:teskeinc said:BF25394 said:teskeinc said:josevolution said:Convicted Felon title will always be attached to him till he goes bye bye same with president
President Trump
Convicted Felon of the United States of America?
collusions, impeachments, insurrections and election interference.The TDS runs as wild as Hulkamania. Be amazing if one day he is sentenced to anything.
He was convicted in the one criminal case that went to trial. The documents case is as cut-and-dried as it gets. He, again, is on tape asking the Georgia Secretary of State to "find" the precise number of votes he needed to win a state to enable him to steal an election that he lost. All of these things happened. They are not fantasies. Pretending that they didn't is truly deranged.
Why do you think I would feel better that someone who committed a series of crimes will get away with it? Do you believe in the rule of law or do you not? "Justice for thee and not for me," eh? Continue to bury your head in the sand while this grifter fleeces the American public, including you, for another four years. He does not care about you. He would sleep with your wife or call her ugly if she resisted his advances. And you'd ask for his autograph. The truest thing he ever said is that he could shoot someone in broad daylight on Fifth Avenue and his people would still support him. He knows you're a mark. Do you?0 -
HughFreakingDillon said:The Juggler said:Gern Blansten said:OnWis97 said:Gern Blansten said:OnWis97 said:BF25394 said:The Juggler said:
The fact of the matter is that we have a closely divided electorate. Obama's 53-46 win is probably about as much of a landslide as is possible under current conditions. Republicans are going to end up with 49.8 or 49.9 percent of the 2024 presidential vote and about 50.5 percent of the aggregate House vote. That's enough to win, but they would be wise to pay attention to the repeated lessons of the 21st century. Overread your "mandate" and the voters will turn on you in the next election, as they did on Bush in 2006, Obama in 2010, Trump in 2018 and Biden in 2022 (yes, Republicans won back the House majority in 2022 despite the common mischaracterization that the Democrats "won" in 2022-- they defeated expectations, but expectations are made up; they lost what matters, a majority of House seats).
If we had a parliamentary system, Republicans and Democrats would each probably get around 45-46 percent of the vote and one of them would have to cobble together a governing coalition with minor parties. Under our dumb system, you don't even need to get 50 percent of the aggregate House vote to be the majority party. And the Senate is even dumber. Two senators for Wyoming's 600,000 people and two senators for California's 40 million. Two senators for Vermont's 750,000 people and two senators for Texas' 30 million.)
BFS is right---there is no mandate by Trump. The guy has run three times and has never gotten more than 50% of the vote. There is no reason to build a cabinet made up of the most partisan unqualified dopes imaginable...yet here we are.
I am curious what the 49.9% will say in the near future when they realize the price of their bacon continued to rise or that we wound in a massive recession.I gather speed from you fucking with me.0 -
tbergs said:The Juggler said:Gern Blansten said:OnWis97 said:Gern Blansten said:OnWis97 said:BF25394 said:The Juggler said:
The fact of the matter is that we have a closely divided electorate. Obama's 53-46 win is probably about as much of a landslide as is possible under current conditions. Republicans are going to end up with 49.8 or 49.9 percent of the 2024 presidential vote and about 50.5 percent of the aggregate House vote. That's enough to win, but they would be wise to pay attention to the repeated lessons of the 21st century. Overread your "mandate" and the voters will turn on you in the next election, as they did on Bush in 2006, Obama in 2010, Trump in 2018 and Biden in 2022 (yes, Republicans won back the House majority in 2022 despite the common mischaracterization that the Democrats "won" in 2022-- they defeated expectations, but expectations are made up; they lost what matters, a majority of House seats).
If we had a parliamentary system, Republicans and Democrats would each probably get around 45-46 percent of the vote and one of them would have to cobble together a governing coalition with minor parties. Under our dumb system, you don't even need to get 50 percent of the aggregate House vote to be the majority party. And the Senate is even dumber. Two senators for Wyoming's 600,000 people and two senators for California's 40 million. Two senators for Vermont's 750,000 people and two senators for Texas' 30 million.)
BFS is right---there is no mandate by Trump. The guy has run three times and has never gotten more than 50% of the vote. There is no reason to build a cabinet made up of the most partisan unqualified dopes imaginable...yet here we are.
I am curious what the 49.9% will say in the near future when they realize the price of their bacon continued to rise or that we wound in a massive recession.I gather speed from you fucking with me.0 -
2023You guys like inflation?! You love higher interest rates?! Buckle up!
https://www.yahoo.com/news/difference-trump-american-homebuyers-brace-130000696.html‘Difference Is Trump’: American Homebuyers Brace for Rate Pain
Jarrell Dillard, Prashant Gopal and Maria Clara CoboWed, November 20, 2024 at 8:00 AM EST4 min read‘Difference Is Trump’: American Homebuyers Brace for Rate Pain
1 of 3(Bloomberg) -- Before Donald Trump’s election, Redfin Corp. projected mortgage rates would average 6.1% next year. But three days after the election, they revised their estimate upward to 6.8% – basically unchanged from today’s high levels.
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“The difference is Trump,” said Daryl Fairweather, chief economist at Redfin. “The market seems to be pricing in that he’ll move forward with at least some of the tariffs, but it’s really hard to know what Trump is going to do.”
It’s another hit for the housing market that’s been dealing with a rise in borrowing costs that’s pushed at least one measure of mortgage rates above 7%. Economists expecting higher-for-longer borrowing costs shows just how tough the market is likely to be for homebuyers trying to find affordable options.
“There was a view that rates would gradually fall, but that no longer seems to be the case,” said Thomas Ryan, North America economist at Capital Economics. “As a result, the housing market is going to stay frozen — as it is — for longer than we and other economists had expected.”
While the stock market rallied the day after Trump’s victory, the bond market has reacted with more trepidation given how tariffs and other policies might impact inflation. After the election, Barclays Plc economists raised their inflation projections for the next two years and lowered their outlook for economic growth, due to tariffs and potential immigration restrictions.
Trump’s proposal for an up to 20% tariff on all imports, and an even higher 60% tariff on Chinese goods, is one of the major causes of uncertainty. Economists have said this could lead to inflation as companies would likely pass on those cost increases to consumers. If he also imposes tax cuts, that could lower fiscal revenue and drive up the US deficit, pushing long-term rates even higher.
Some economists have also warned that Trump’s plan to deport millions of undocumented immigrants could further exacerbate the nation’s housing shortage. If Trump’s policies lead to an even smaller labor force for the construction industry, it would make it difficult to build new homes and make costs even more expensive.
“We need labor,” said Nadia Evangelou, senior economist at the National Association of Realtors. “Sometimes homebuilders are not able to deliver affordable homes, or the price point that people can afford to buy. And the reason is because of the labor shortage.”
Trump’s impacts on the economy will likely influence how the Federal Reserve proceeds. And while the Fed’s decisions on short-term interest rates do not directly set mortgage rates, monetary policy does have some influence. Mortgage rates closely follow yields on 10-year Treasuries, and are affected by market expectations for inflation and economic growth.
Capital Economics expects higher rates to be another “setback” for buyers and cause a home-sale recovery to be even shallower than expected. Mortgage rates will likely stay high around 7% in 2024 and drop only a quarter point by the end of 2025, according to Capital Economics’ Ryan.
The Takeout“There’s a general consensus that the net effect of Trump’s policies will be inflationary,” Ryan said. “That’s what’s driving changes in the bond market at the moment.”
Other economists have also dialed back their mortgage-rate expectations. Mark Zandi, chief economist at Moody’s Analytics, predicts 30-year fixed mortgage rates will now remain around 7%.
“I don’t think I’d count on mortgage rates coming down anytime until next fall, later next year,” Zandi said. “And even then, I’m not sure. It really depends on what his policies are, how aggressively he pursues them.”
Forging Ahead
For buyers, the picture remains a little uncertain. High borrowing costs have weighed on shoppers, fueling a drop in contracts to buy previously owned homes in October, according to Redfin.
While prices held up in October, homes stayed a median of 41 days on the market, about a week longer than a year ago, according to Redfin. If higher borrowing costs slow the market even more, that could help spur more deals for buyers.
For now, election uncertainty has cleared, giving some consumers more confidence to forge ahead. Erica Diaz, an agent with Homevest in Florida, said her business has seen a significant increase in both potential buyers and sellers since the election.
Malvin Le, a real estate agent based in Orange County, California, said his phone lit up immediately after the election with a few buyers ready to go shopping again.
“The day after the election, I got three or four calls from buyers who wanted to see a house that weekend,” Le said. “There are still buyers waiting to buy, they’re just waiting for a good deal.”
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2023https://www.yahoo.com/news/3-ceos-preparing-raise-prices-100101186.html
MSCMA (FNGR)!
MAKE STUFF COST MORE AGAIN (FOR NO GOOD REASON)!A running list of companies preparing to raise prices if Trump's trade plan is enacted
Ayelet SheffeyTue, November 19, 2024 at 9:55 AM EST4 min read849President-elect Donald Trump proposed broad tariffs on imports, including up to 60% on goods from China.
Economists say his proposals could spike inflation as companies tend to pass costs on to shoppers.
Some companies have already said increased tariffs would lead them to raise prices.
Some executives have warned that price hikes are on the way if President-elect Donald Trump's trade plans go into effect.
On the campaign trail, Trump proposed a 60% tariff on goods imported from China coupled with a 10% to 20% tariff on goods imported from other countries. While the president-elect could choose not to enact tariffs at that scale once he assumes office, economists and the market have predicted that his proposals would spike inflation and cause the Federal Reserve to raise interest rates.
Several companies have already begun responding to Trump's election victory and the implications his tariff proposals would have on the costs of their goods. Executives have told analysts on earnings calls that it would be difficult to maintain current prices under Trump's broad tariffs.
Other companies are still waiting for more information from the president-elect. Tarang Amin, the CEO of ELF Beauty, told Business Insider that the company must first see the policy Trump enacts before making any changes to its pricing and that a new policy wouldn't affect the business until after its 2025 fiscal year.
"We don't like tariffs because they are a tax on the American people," Amin said, adding that the company had been subject to a 25% tariff since 2019 because of policies from Trump's first term. "And at that time," he said, "we pulled all the levers available to us to minimize the effects to our company and our community."
Karoline Leavitt, a Trump-Vance transition spokeswoman, told BI: "In his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation." She added that Trump will "work quickly" to lower taxes and create more American jobs.
Below are the companies that are warning of price increases if Trump's tariff proposals are implemented.
AutoZone
Philip Daniele, the CEO of the auto-parts company AutoZone, told analysts on a September earnings call that tariff policies had "ebbed and flowed over the years," and if Trump implemented more tariffs, "we will pass those tariff costs back to the consumer."
"We generally raise prices ahead of that," Daniele said, adding that prices would gradually settle over time. "So, that's historically what we've done," he said.
Columbia Sportswear
Tim Boyle, the CEO of Columbia Sportswear, told analysts on an October earnings call that the company was "very concerned about the imposition of tariffs. " He said that while he considered Columbia adept at managing tariffs, "trade wars are not good and not easy to win."
Boyle also told The Washington Post in October that the company was "set to raise prices."
"It's going to be very, very difficult to keep products affordable for Americans," he said.
Stanley Black & Decker
Donald Allan, the CEO of the manufacturing company Stanley Black & Decker, told analysts in an October earnings call that the company had been evaluating "a variety of different scenarios" to plan for new tariffs under Trump.
The Takeout"And obviously, coming out of the gate, there would be price increases associated with tariffs that we put into the market," Allan said, adding that "there's usually some type of delay given the processes that our customers have around implementing price."
Allan also said the company would consider moving its production out of China and to other countries, such as Mexico, to reduce the impact of a 60% tariff on Chinese imported goods. Steve Madden was among other companies that announced plans to import fewer goods from China, with its CEO, Edward Rosenfeld, saying on an earnings call that the company had already started that process.
Walmart
Walmart CFO John David Rainey told CNBC on November 19 that the company will likely raise prices if Trump's tariff proposals are implemented.
"We never want to raise prices," he said. "Our model is everyday low prices. But there probably will be cases where prices will go up for consumers."
Rainey added that the company is "pretty familiar" with tariffs, given Biden and Trump's policies over the last seven years, but he said they're "inflationary for customers, so we want to work with suppliers and with our own private brand assortment to try to bring down prices."
Read the original article on Business Insider
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- 29.1K Other Music
- 17.8K Poetry, Prose, Music & Art
- 1.1K The Art Wall
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- 22.2K A Moving Train
- 31.7K All Encompassing Trip
- 2.9K Technical Stuff and Help