Remember when COVID supply-chain difficulties made prices shoot up? And several years after that situation peaked prices STILL haven't gone back to normal? This gonna be like that except COMPLETELY unnecessary, brought to you entirely by MAGA. Remember it when the midterm elections come up in 2 years. That won't be difficult cuz it will still be going on and will be even worse.
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Well some products will go down at first, the ones they can't sell to other countries any more the supply will skyrocket until they cut production to reduce their losses. So perishable things like certain food, will possibly decrease for a season, then will go up higher/possibly "sky rocker" as when you produce less your profits are lower, so they will have to mark them up / some people will just stop farming. The possibility of the bees dying out seems more worrisome than the tarrifs long term though for many foods.
I think shortages will be short-lived as companies and retailers just have to suck it up and pay more. People won't be able to buy as much stuff, so layoffs and a recession or depression are likely, but there's not much I can think of doing to prepare for that.
But they don't have to suck it up, not really. They can just stop buying entire classes of items. The question is what Americans will now live without.
Food and housing are the only classes many have left.
I work retail and we've had an onslaught of freight. Until there is ever a day when I come into work and I'm told or I see that there is nothing to stock - I'll be concerned. Until then, what is there to prepare for?
we’ve had an onslaught of freight
IDK how long it takes from the ports to you, but that should end in a few days. Keep us updated!
Um, prepare for a lack of ... anything imported. Or don't! It's your life.
Not yet here. Maybe a few more weeks?
Cargo container bookings are down 60%. 60%! Thats an incredible drop, and it really hasn't even started yet.
I'm ready for a "Hot Tariff Summer."
I've been on a no-purchase kick for a while now, even before HitlerPig was elected. We have become such a culture of consumerism that it had started to disgust me. I've embraced the "re-use, repair, re-sell, recycle" philosophy. If i need something, i try to buy it used.
I'm a guitarist, so I buy used guitars when i get a good deal, clean them up, fix them, and re-sell them at a small profit. It puts a beautiful instrument back into service, allows a poor or new musician an opportunity to have an inexpensive but quality instrument, and its music makes the world a slightly more beautiful place.
I even went on a much-needed diet (down 80 pounds so far, and still going), and decreasing my consumption, and spending less money with evil corporations, is a primary motivation.
So let the shelves be empty of cheap Chinese-made consumer goods, i don't need them, despite how much advertising and marketing tells me i do.
The silver lining is that if tariffs become a longterm thing, people will be forced to come around to my way of thinking, and when the tariffs finally end, corporations may be surprised to find that nobody needs their shiny crap any more.
clean them up, fix them,
As someone else that does "clean up" and "fix them" for other non-instrument items, are you concerned about your supply/cost of replacement parts and supplies? Most of mine come from China.
Somewhat, mostly strings. Most of the rest is just adjustments, using tools I already have. I still have a fair stock of strings, but I was thinking of buying a bunch more to hold me over for a while.
Cleaning is also a big part, but that's easy.
I suppose if it gets bad, and I need to buy tuners and bridges, etc., I can buy a few junk guitars, and cannibalize them for parts.
I can buy a few junk guitars, and cannibalize them for parts.
This is a future I see on my side too. The price will likely go up for our services to support this for a supply of parts though. If we get to that point, you won't be the only one buying up junk guitars as others will be buying them for the same reason. So the price of junk guitars is going to go up too.
I expect used items of all types are going to increase - clothes, appliances, toys, etc. Goodwill and other thrift shops are about to have the biggest boom period of their history.
Curling up into the fetal position and crying in between protests.
Canadian here... I'm preparing by buying puts on SPY
Hehe same
Most aren't even aware that this is coming.
A large portion of the rest are in denial. So many people can only learn through the lens of their own experience
I can't wait to watch all the Trump-suckers loose their shit when they find out it's Trump's fault. If they can actually comprehend it as true, that is.
They'll just say it's Biden's fault...
That is also my knee-jerk reaction, but with Tariffs it's a pretty direct correlation to Trump now. Hopefully this will be what finally breaks him?
narrator: they did not
OP’s data shows the U.S. is stocking up tremendously in April, and then maintaining year-on-year patterns after that with a slight downturn that doesn’t even compensate for April’s glut.
I haven’t seen this data before but it shows the opposite of the shortage I was expecting.
I'm far less worried about the imminent supply shock to the economy and far more worried about the long term damage to things like the FDA. We've decided we're going to try to go from ~10% vegetarian to closer to 80% or 100% because I simply don't trust that thing like meat and milk can stay safe to consume. I do have a solid amount of food in my house, and if shelves start emptying I think I'll be okay for a bit, but that'll pass. I can't really leave this country, so I need to be planning for longer term problems too.
It's quite crazy to hear that the US is about to force UK and EU to buy more chlorinated chicken, and then hear that US will stop salmonela testing while negotiating this.
We've decided we're going to try to go from ~10% vegetarian to closer to 80% or 100% because I simply don't trust that thing like meat and milk can stay safe to consume.
Farmers' markets (or direct from a local farm/butcher) are probably your best bet for what meat you do buy, if you don't go full veg
I have this fear that we won't even be able to trust fruits and vegetables. The most common food contaminations in the news always seem to be unwashed lettuce and such, which makes sense because of fertilizers.
I’ve been preparing for some kind of problem with produce for a few years, I just had a gut feeling so I built a vegetable garden 3 years ago. Also have been planting fruit trees everywhere.