this post was submitted on 16 Jul 2024
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This is just an anecdote but word came down from the c suite today to start getting all our ducks in a row and make plans for huge tariff increases next year.
I work in a fairly liberal leaning industry too. The bosses see the writing on the wall for Biden. The last time this happened we upped our prices on everything regardless of country of origin. Market segmentation and pricing strategy is a thing and this will affect prices for all goods.
"Hey, there's a realistic possibility we're going to have to deal with Trump winning and increased tariffs. We obviously don't know if it will happen or not, but let's make sure we're prepared."
Yeah, Trump could win the election ... so could Biden. That's less of a forecast and more "competent business leadership having a disaster plan."
Why wouldnt you all prepare for both possibilities?
I'm not saying we shouldn't. I'm saying sentiment has changed after this weekend. Trumps reelection seems more likely than not to them. I hope they are wrong.