From what I’m reading, the troubles should start to pick up now; harbors being quieter, truckers not having work, … Are any shortages noticeable yet?
ETA:
Source: https://paulkrugman.substack.com/p/trump-is-a-virus
Businesses have been filling their inventories. That’s ending now. Economic pain in terms of job losses should accelerate now. It will still take up to a few weeks before inventories run empty, and the full impact hits consumers. Even a full reversal of Trumpism couldn’t prevent knock-on effects that last into next year.
A lot of toilet paper is actually manufactured in the US which is why us shutting things down during Covid impacted supply so much, the tariffs won’t impact TP since it’s domestic production.
Toilet paper shortage in stores was a global phenomenon. It’s seems like during times of crisis, people buy toilet paper. The grocery stores just weren’t prepared for everybody to buy toilet paper at the same time. They couldn’t keep up with the restocking.
There was no real shortage in toilet paper in terms of production.
It occurred just like gasoline shortages occur. If the media doesn’t make headlines that suggest buying as much as you can immediately, even if there is a supply chain problem things can adjust to meet normal demands. But when everyone takes all the stock at the same time, even a running production can’t keep up with that demand in a just-in-time system. I experienced a local fuel shortage before because of news of a damaged oil pipeline far away, and gas became unavailable for a few days, then started filling back up, all long before the pipeline issue would have affected us.
“A person is smart. People are dumb, panicky, dangerous animals and you know it.”
Well yes. How else would you clean the fan when shit hits it?
It was a global impact, the US is a significant exporter of toilet paper. 99% of our domestic use is locally manufactured AND we export a considerable volume to the rest of the world.
Believe it or not TP is big business here in the US and one of a few industries where we still have a lot of traditional manufacturing jobs. Georgia-Pacific and Kimberly Clark for example.
Hail corporate.
when price of other tariffed products, equipment, staff salary goes up. It means your expenses are more even if your business is not affected by tariffs. ie prices will go up even for non-tariffs items.
Imagine if trump only tariffed imported chicken, but my business is selling pen and pencils which are not tariffed, I would still have to raise prices of pen and pencil because the price of my food just went up, I would need to make more money to eat chicken meat and have the same purchasing power . No one is going to reduce their income/profit/salary/purchasing power in fact people will take advantage and increase.