Big fan of Powder7 and Lone Pine sites as well.First, let me state, this is not a political post and I hope it does not turn into one of the posts where we all go off in tangents that we shouldn't.
As someone who is in the consumer products business and is directly impacted by all the new tariffs, I thought I would remind people if you want deals on anything, buy now! The new 54% tariffs that are being charged to everything coming out of China will have a huge impact on hard and soft goods. That $700 Patagonia jacket will be north of $1000. (actually I think Patagonia makes product in Vietnam which has a new 49% tariff) Helmets and goggles (all made in China) will be heavily impacted. Skis + boots coming out of Europe (Switzerland for example has a new 31% tariff) will be heavily impacted. Personally, I'm a big fan of buying used through powder7 and they have great deals,... but eventually even the second hand market will be impacted. Price increases will take sometime to work through the system, but they are coming. The one possible workaround is to buy your stuff in Canada - but that would require a trip to Canada (ecom coming from Canada into the USA is impacted too)
Is anyone asking the question why our 'close allies' or neutral countries are charging us tariffs? So far, I believe Israel, S Vietnam ( possibly S Korea) and a couple others have dropped theirs ( this is the whole point BTW) We have the largest ( by far) markets in the world, so access is a privilege. And you can have the access as long as your tariffs aren't any higher than zero. 250% on milk into Canada?
MIT did the study on tariffs for Chine rom 1st 20% tariff (that Biden admin never lifted. .. hhhmmmm . .) and .7% increase to the US consumer was the result on those products.
China is a mess- 40% of their production comes to USA - they need us more than we need them. And since the theft of technology and the threatening withholding of certain medical.-based antibiotics, huge tariffs on US autos, etc. . . . . its about time we stopped playing Mr. Walk On My Back ( with high heels)
Who thinks we could just keep going down the road of debt and deficit spending? Middle class gutted from NAFTA and other trade agreements.
A short 6 min explanation from a Stanford guy:
( and I do think there will be short or medium term pain - no way around it)