RogerCooper
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- Jul 30, 2014
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Who do you think those people are who are absorbing the costs. Yes, the tariffs will probably lower corporate profits some, discouraging investment. I want to assure as a businessman, passing the costs to the customer is the first resort not the last resort. Corporate leaders are reluctant to talk about this for fear that Trump will retaliate.And that, which you acknowledge, is precisely why prices won't simply go up in a way that corresponds exactly to tariffs, as you continue to assume.
by "working their way" through the supply chain, what you really mean is those tariff prices being absorbed by various people in the chain until the retailer is finally presented with their price, in which case they may or may not pass it all on to the consumer.
As Target CEO recently said, Price adjustment is the last resort and only one way of mitigating tariff prices.
This is getting too obvious to even discuss any more - you can see by way of many evidences that you're wrong; you just keep repeating the same nonsense
Why do you favor raising tariffs and lowering income taxes? Tariffs distort the economy and the revenues are less predictable.
Trump said that Americans don't pay tariffs. Was he lying or just ignorant?
And always keep in mind that these tax increases were not passed by Congress and are therefore illegal. Everything will need to be paid back. Don't expect companies to lower prices fast when they struck down.