One other thought about Trump’s tariffs. I believe they are here for his four years. He floated a White House budget that does away with income taxes for those making less than $200,000 per year. To pay for it every family will get a $5,000 sale/tariff tax. Thanks for nothing Donald.
Trump fantasized about tariffs replacing income tax, but even congressional Republicans realize what a load of crap that is. They're counting on the tariffs, combined with drastic cuts to our safety net programs, to reduce all the red ink in Trump's "big, beautiful bill."
Sometime last year saw the one-billionth Barbie sold! I learned about “doll economics” some three decades ago when I worked with Ruth Handler, Mattel’s co-founder, to help the company get its products into Costco. At the time, I thought the profit was in the accessories (the old “razor blade strategy”). But Ruth said, “no it’s the doll!” 35 cents plus tariff doesn’t sound like a lot but each step in the distribution takes its own bite. It will add up.
Stocks rebound! You mean all the Democratic panic over the economy is a ' never mind'? Quick, what's the next scheduled hysteria? I'm sure we won't have to wait long.
I'd also note that Trump says he expects that Chana will "eat" the tariffs. It seems to me that it's impossible to "eat" a tariff of over 100%, even if it costs nothing to manufacture an item. I suppose prices could dip below zero briefly, as oil prices did a while back, but that's not the best business model.
One other thought about Trump’s tariffs. I believe they are here for his four years. He floated a White House budget that does away with income taxes for those making less than $200,000 per year. To pay for it every family will get a $5,000 sale/tariff tax. Thanks for nothing Donald.
Trump fantasized about tariffs replacing income tax, but even congressional Republicans realize what a load of crap that is. They're counting on the tariffs, combined with drastic cuts to our safety net programs, to reduce all the red ink in Trump's "big, beautiful bill."
Sometime last year saw the one-billionth Barbie sold! I learned about “doll economics” some three decades ago when I worked with Ruth Handler, Mattel’s co-founder, to help the company get its products into Costco. At the time, I thought the profit was in the accessories (the old “razor blade strategy”). But Ruth said, “no it’s the doll!” 35 cents plus tariff doesn’t sound like a lot but each step in the distribution takes its own bite. It will add up.
Stocks rebound! You mean all the Democratic panic over the economy is a ' never mind'? Quick, what's the next scheduled hysteria? I'm sure we won't have to wait long.
Amen!
Great analysis. Thanks.
I'd also note that Trump says he expects that Chana will "eat" the tariffs. It seems to me that it's impossible to "eat" a tariff of over 100%, even if it costs nothing to manufacture an item. I suppose prices could dip below zero briefly, as oil prices did a while back, but that's not the best business model.