Only rich people buy Tide.
Indicators so far are that when the pricie of IMPORTED CARS
purchased by THE UPPER MIDDLE CLASS increase
they switch to buying American made cars and create jobs.
Incr demand for labor means they are likely to get a pay raise.
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Are foreign made parts assembled in the US exempt from the tariffs? I think there was talk of that, but I’ve lost track.
I sure hope not.
But I’ve lost track too.
They definitely originally were. Because there was talk about how some parts cross the US/Can?Mex border 3-4 even 5 times getting added to parts here and there before finally being sent to the production plant to be put on the car.
Then he TACOed them out (I think) but then I seem to remember they were back on.
I’m interested in a US build car that uses foreign parts, so I guess I’ll know first hand when I get to it…
Google says car parts that comply with teh US/Mex?Can trade agreement are exempt. Can’t find anything about other countries, so I think they must be on.
A car that get its last part added to it in the USA has a VIN beginning with 1, 4 or 5 (usually 1). So a car made in Japan but the last lugnut was installed in the USA is “made in the USA” according to its VIN.
For -NEW- cars the window sticker (Mulraoney Label) provides a little more info.
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(close up of above)
Consumers can expect higher prices on Tide, Pampers, Oral-B, Mr. Clean, Dawn, Bounty, Charmin, and more.
See - the tariffs are working!
Buy your tractor now before Caterpillar raises prices. Or maybe they’ll just eat this $1.5 billion loss? 
Taxes on costs of goods sold will do that…
Yes, everyone knew this was going to cost American businesses and consumers a ton of money. Well, most people did. . .
these tariffs are destroying jobs as we speak.
Allan
CAT will be exporting to markets formerly closed.
Build more in USA.
I see the problem…
In response to an investor question on the call, Creed said that Caterpillar’s unique global supply chain has added complexity to the situation but
Sugarcoat it however you want, “exporting to markets formerly closed” won’t prevent Caterpillar from taking a massive loss that the company’s CEO attributes to tariffs. Hopefully you won’t be in the market for a tractor anytime soon.
All part of why the policy is needed.
Caterpillar has been moving some of its production to Mexico in recent years, specifically moving lines from its Joliet, Illinois, plant to a sister plant in Monterrey, Mexico. This move has resulted in job losses at the Joliet facility and sparked criticism from lawmakers and some in the public. The company stated the move was to remain cost competitive.
Here’s a more detailed look:
Joliet, Illinois Plant: In March 2015, Caterpillar announced it was moving two production lines from its Joliet plant to Monterrey, Mexico. These lines were for gear and engine oil pumps and valves.
Job Losses: The move resulted in the loss of 230 jobs at the Joliet plant.
Transition Period: The transition was expected to begin in late 2016 and be completed by mid-2018.
Cost Competitiveness: Caterpillar cited remaining cost competitive as the reason for the move.
Criticism: Lawmakers have criticized the move, questioning whether it’s appropriate for a company receiving taxpayer-funded deals to outsource American jobs. Some have also raised concerns about potential vulnerabilities in the supply chain.
Other Relocations: Caterpillar has also considered relocating manufacturing of truck hoist and strut cylinders from Joliet to near Monterrey, Mexico, which would affect 40 full-time positions.
Global Restructuring: Beyond Mexico, Caterpillar has been consolidating facilities and reducing its manufacturing footprint globally, including the potential relocation of some manufacturing to Texas.
Shifting Manufacturing Power: Caterpillar’s moves are part of a broader trend of manufacturers shifting production, with some going to the South and Southwest of the United States, citing factors like lower costs, right-to-work laws, and a growing workforce.
What did you copy and paste that from?
I understand the problems with outsourcing to Mexico, China, etc. But do most Americans understand that to fix the problem they’re going to have to pay much more for tractors, laundry detergent, diapers, and many other things? Tariffs (taxes on American consumers) are cutting off our nose to spite our face.
Heavyequipment is like cars. It is not like most of the stuff we import
(tomatoes are marked up 5x or even 10x from the border to the retail shelf)
so they are hit extraordinarily hard by tariffs.
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hmm $1.5 b = 2.3% of their $65 in sales.
they mihgt have to raise prices 2%
or they could split it and raise prices 1%.
Which do you thik they will choose.
And how deeply will the economy be devestated ifr the price if backhoes goes up2%
I am predicting none of the following: Dark Age. Armageddeon. Children starving in the streets and people eating their pets.
Hmm that news article didn’t seem to mention that $1.5b in tota tariff impct is only 2% of Catepillar sales.
I wonder why the author, Mr JJ Bullock negelted that?
Didn’t know how to look it up?
Too much education in "public affairs’ and not a single day training in business?
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I don’t think that’s the calculation they’ll make and I’ll be surprised if their prices only go up 2%. That’s the Fed’s target inflation rate without tariffs.
Trump promised to lower prices, not raise them.
