I'm not sure that tariffs will lead to shortages. They might lead to price hikes, or a recession instead. Let's dig into the #economics101 of supply shocks.
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Already been seeing price hikes last 2 months, like why is american bourbon, rejected by multiple countries, seen a price increase in US market? Corporate greed? My last trip to grocery store saw a 10% increase on basic food items & some empty shelves. Why are you backing off reality now?
Latest report indicate a 35% decline year over year at LA and Long Beach. 45% of their cargo comes from China which has drastically limited to number of ships sent here over the past month, and limited the number of containers per ship.
Or aspects of all 3? "Panic buying" of some items is possible. People act irrationally or "rationally act irrationally."
In UK, during COVID, items such as toilet paper were hoarded bc they thought there might be a shortage. There wasn't but it created a shortage. Made sense to be safe than sorry.
Is there the possibility that some of these countries will just plain refuse to trade with us? Refuse to send us stuff? Stop making our stuff? Can they do that?
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What does the year over year change look like?
Though I’m not surprised China shipments fell as retailers built up inventory in Q1 in anticipation of the tariffs.
In UK, during COVID, items such as toilet paper were hoarded bc they thought there might be a shortage. There wasn't but it created a shortage. Made sense to be safe than sorry.
:)
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