I feel wrong raising prices when I work so hard to keep them down [or] lower, ... It feels like I should take on the burden as 'the cost of doing business,' but some items, I just simply don't have the margins to do that for. I'm also afraid that for wholesale companies we buy from, they'll raise prices to cover these extra fees, but the prices will never go back down after the tariffs are removed."
These [tariffs] can't stay forever,
We’ll try to take the brunt of it at first and see how that goes. If it gets to 50% then we’ll see. We’re not really sure if the manufacturers themselves will try to do something and so everybody takes a bit of the hit.”
I was a bit apprehensive, but he just asked me to pronounce my name, so it was all good,
Our Easter order was over £7,000 [$9,100] more compared to last year and we didn’t grossly increase the quantities,
I get that, ... But the implementation – the ways he’s gone about it – is just awful. I’m definitely worried about a recession, and people spending less.”
The price of chocolate has gone up astronomically,
The main feeling is that [Trump] is completely bonkers,
If applied, the new tariffs could spell the end of Vietnam coffee in the U.S. as it would create significant price gaps with competing robusta origins - a massive 36-percentage-point difference (~$1,944/ton) compared with Brazil,
Following this 'liberation', many trade flows from the most affected producers will now enter a labyrinth in order to find demand in other countries,
It’s just not an industry that is built to be able to manage through a tariff of that magnitude,
There's no place for it to go, but to the consumer,
You could have anywhere from 35% to potentially even a point-for-point price increase on products depending upon what margin those products run at,
Everyone is really in scramble mode,
As a result, relocating production may not be financially viable,
I think the Vietnam situation will be a little bit easier to negotiate, as far as I think we will see the Vietnamese country and government come to the table quicker than China trying to resolve any trade disputes,
The greatest budgetary impact on are the folks, unfortunately, who can afford it the least,
Americans will likely have to pay more at the supermarket counter within the coming days while higher prices on everything from sneakers to furniture to cars could be felt in a matter of weeks,
It will take a year for all those costs to ripple through, but in 12 months you will absolutely see higher prices across the board,
It was a bit of a refuge for consumers,