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Posted on 07/20/2025 12:45:52 PM PDT by E. Pluribus Unum
CEOs and foreign leaders are scrambling to figure out new rules for global commerce
Major U.S. corporations and trading partners are scrambling to adapt to a new global economy, even as President Donald Trump mulls the imposition of historic tariffs in less than two weeks.
Conagra Brands, owner of Hunt’s, Duncan Hines and Birds Eye, plans to raise prices on canned goods after “suffering a tremendous amount of inflation due to tariffs on tinplate steel,” its chief executive told investors this month.
Tariffs are causing Fastenal, an industrial supplier, to split its imports into separate shipments to Canada and the United States, creating “a more expensive supply chain” than its customary, unified North American approach.
And Nike, the world’s largest athletic apparel and footwear maker, is scrutinizing its operations for savings to offset the $1 billion in new import taxes it expects to pay this year. The company plans “a surgical price increase” this fall.
Six months of the president’s disruptive trade policy has unsettled business leaders and policymakers alike.
With a blizzard of new levies on major nations and selected product sectors, Trump has lifted the average tax on imported goods from just above 2 percent in January to around 15 percent, the highest mark since the early 1940s, according to Capital Economics, in London.
That figure could head higher if many countries do not reach tariff deals by the president’s new Aug. 1 deadline. Stung by Trump’s unpredictable demands, close U.S. allies including those in Europe are trying to develop alternative trade links that skirt the U.S. market.
(Excerpt) Read more at washingtonpost.com ...
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The See-eye-ay is unhappy?
Those tariffs have stopped all the laughing at us being done by foreign freeloaders who are always ripping us off.
We should never have stopped having tariffs in the first place.
DUH move production to USA.
ZERO TARIFFS !!!!
I have a question re the tariffs. (I admit I don’t know a whole lot about how they work). On some things, I’m seeing prices starting to go down. Obviously this is good. But on a few things (for example, coffee), the price has jumped a LOT, just within the last week. Is that increase due to the tariffs, or just general economic conditions? And if the increase is from the tariffs, are prices likely to come down again in the relatively near future?
Thanks to all for any insight. I want to learn. AFB-XYZ
That is only possible for large manufacturers. There are plenty of small shops in Europe that can’t do that, and without any US based options many of us have no choice but to raise prices (and by quite a bit). Unfortunately Trump has a blind spot when it comes to small business, he seems to only consider how his tariff policies might affect major corporations.
How does a tax on US businesses stop “foreign freeloaders” (whatever those are) from laughing at us? My experience with my EU based suppliers has been exactly the opposite.
“Conagra Brands, owner of Hunt’s, Duncan Hines and Birds Eye, plans to raise prices on canned goods after “suffering a tremendous amount of inflation due to tariffs on tinplate steel,” its chief executive told investors this month.”
If the steel was produced in America, Conagra wouldn’t have this problem. Which is the whole point of tariffs.
“There are plenty of small shops in Europe that can’t do that“
True, people are going to have to pay more for wine from France and Italy. Swiss watches, high end autos from Deutschland and Italy.
Well isn’t this interesting, Aug 2023 article.
Red herring. Luxury goods are an insignificant percentage of imports, and small shops aren’t making them.
Programs like Medicaid, Medicare and Veterans Administration health care need to be paid for.
Tariffs are one way of helping to pay for those programs.
In 1942, Nazi U-boats restricted importation.
The US expanded production despite that.
The $2 I probably had to pay additionally to get a new electric tea kettle is probably dwarfed by the size of your Trump tax cut.
“...dwarfed by the size of your Trump tax cut.
“
It would be if SS were no longer taxed.
imported tinplate steel ... well I sure hope we don’t start manufacturing tinplate steel in the US.
And it sure would be unfortunate if food packagers shifted to these new glass/ceramic/plastic containers.
Even worse if they shift to frozen.
Even worse if fresh food gets an edge.
Every manufactured item that initially in 1978 went into the house I live in was made in the USA.
After Reagan took office, I went to work in USA-made clothing and USA-made leather shoes.
I can’t say as I am unwilling to disable my ad blocker.
"a tremendous amount of inflation due to tariffs on tinplate steel"Correct
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