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Posted
14 minutes ago, crash_davis said:

For my company, we have forecasted $500M in increased costs due to tariffs. Our contracts and sourcing teams have been working 10-12 hour days for 2 months updating contracts and re-calculating costing and pricing models. Our suppliers regularly send us updating pricing. We are on version 20+ on many amendments. As soon as we model for new revisions, new versions comes in. This is for 100s of suppliers and their contracts. We are doing the same to our customers. 

This whole thing is beyond fucked. 

Our execs have no clue what the fuck any of this is about. We manufacture and own 70% of the market for our industry. We have not been contacted by anyone in this administration about anything manufacturing related. We manufacture both domestic and internationally. Our materials come from around the world. Our suppliers materials come from around the world. This is just fucking stupid.

 

7 minutes ago, royiv said:

Y’all should just source all of your materials and manufacture everything domestically. It’s a really simple solution. 

GamersNexus, a PC gaming channel of all places, just did some excellent journalism that gets to the nuts and bolts of all of this. It's a big ass 3 hour long video, but the first 5 minutes are basically the thesis and TLDR of the whole thing. The rest is just the interviews with logistics officers, CEO's, presidents, founders, and owners that open their books and share their actual real margins and rates to just underscore how not just the tariffs themselves but the instability is going to kill businesses and probably a few business owners too

They even touch on the unreality of "just built it 100% here in America", and multiple businesses explain why it's infeasible for multiple reasons.

 

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Posted
2 minutes ago, crash_davis said:

I can't get too specific but for this one prodcut, we manufacture it in 3 places, 2 in the US and one in Mexico. I addressed this earlier in the thread. The labor rate for US is over 2x more expensive and the quality is worse than our Mexico plant. 

If we could we'd move all manufacturing of that product to Mexico but that creates other issues. 

Dipshits masturbate thinking we should be moving all manufacturing to the US. Dipshits do not realize they DO NOT want manufacturing moved back to the US. Doing that would be akin to the fake DEI shit that they abhor. 

adam_smith_revolutionary_1050x700.jpg

Posted
23 minutes ago, crash_davis said:

This is just fucking stupid.

Man.  It seems like you've gotten inside information on the new slogan we'll be putting on all our coinage.  "IN GOD WE TRUST" isn't just passe, it's off-brand.  Be on the lookout for new quarters emblazoned with "THIS IS JUST FUCKING STUPID."

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Posted
16 minutes ago, crash_davis said:

I can't get too specific but for this one prodcut, we manufacture it in 3 places, 2 in the US and one in Mexico. I addressed this earlier in the thread. The labor rate for US is over 2x more expensive and the quality is worse than our Mexico plant. 

If we could we'd move all manufacturing of that product to Mexico but that creates other issues. 

Dipshits masturbate thinking we should be moving all manufacturing to the US. Dipshits do not realize they DO NOT want manufacturing moved back to the US. Doing that would be akin to the fake DEI shit that they abhor. 

You sound like a RINO.  (Sarcasm)

I work in ag and 2026 pricing for inputs and equipment starts showing up in early July.  Many people are in complete denial on what’s coming.  Gonna be some existential crises this summer.

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Posted
1 minute ago, Parliament said:

Many people are in complete denial on what’s coming.  Gonna be some existential crises this summer.

Donald Glover Reaction GIF

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Posted (edited)

Also, like every company, we are trying to diversify our suppliers to migitate tariffs impacts. What this means is that we are moving and are looking to move from long established, high quality suppliers to smaller and upstart suppliers with suspect quality. We are having to start the long process of engineering and quality validation of new global suppliers (no we are not getting many new US suppliers probably because of the same reason we are looking elsewhere: cost and quality). Tons of people are working long hours trying to mitigate the impacts of this bullshit. We just know our costs are going to increase, by wide margin, and the quality is probably going to suffer for awhile. The losers will be mom and pop because the cost increases and shittier quality will all be felt in the products that they buy in stores.

Edited by crash_davis
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Posted

#winning

https://www.the-independent.com/news/world/americas/us-politics/thousands-us-layoffs-mack-truck-volvo-b2737683.html

Trump’s tariffs driving thousands of layoffs at US manufacturing plants

Donald Trump’s tariffs are already triggering thousands of layoffs in American manufacturing plants, mostly in the Midwest and the East.

Companies are ejecting workers in the wake of Trump’s purported plan to use the levies to bring manufacturing jobs back to the country.

The Volvo Group has announced it’s cutting 800 workers at its Volvo and Mack Truck plants in Pennsylvania, Virginia and Maryland.

“Heavy-duty truck orders continue to be negatively affected by market uncertainty about freight rates and demand, possible regulatory changes, and the impact of tariffs,” a Volvo Group spokesperson told Reuters.

Pennsylvania Democratic state lawmaker Josh Siegel told ABC27 that Trump’s tariffs have been a “devastating blow to Lehigh Valley workers” in a region where Mack remains one of the region’s largest employers.

Earlier this month Stellantis, which manufactures a variety of vehicles, announced it was laying off 900 employees at plants in Michigan and Indiana after the company paused production at some of its Canadian and Mexican assembly operations, according to a company memo obtained by CNN.

Steelmaker Cleveland-Cliffs laid off more than 1,200 workers in Michigan and Minnesota in March, and General Motors announced earlier this month it would temporarily lay off 200 workers at a plant in Detroit.

California Democratic Representative Ro Khanna claimed earlier this month that more than 4,100 factory workers had been laid off across the U.S. as Trump’s tariffs rattled markets.

Some analysts have estimated that ultimately some 177,000 jobs in the U.S. would be cut after Trump announced his first round of tariffs February. Goldman Sachs noted last week in a report that the president’s tariffs would likely create about 100,000 manufacturing jobs, while also killing up to 500,000 jobs across all industries.

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Posted
6 minutes ago, crash_davis said:

create about 100,000 manufacturing jobs, while also killing up to 500,000 jobs across all industries.

winning GIF

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