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“We think we can get extremely close to Asian prices”
Why didn't you do that in the first place?
“We think we can get extremely close to Asian prices”
Why didn't you do that in the first place?
https://www.cnbc.com/2025/05/07/pand...ice-rises.htmlPandora warns U.S. tariffs will spark sweeping jewelry price increases
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Pandora currently employs around 8,000 people in the U.S., primarily across its network of stores. Nevertheless, Lacik dismissed the prospect of relocating manufacturing to the U.S. — a key strategic goal of the president’s tariff agenda — saying it wouldn’t make any “financial sense.”
“The U.S. labor cost would be completely uncompe ive,” he said. “So if we were to do this, the consumer pricing would have to significantly go up.”
Costs aside, the jewelry CEO said the country lacks the suitable skills base to produce Pandora’s handcrafted goods.
“I employ up to 15,000 craftspeople in Thailand,” he said. “I can’t find that amount of talent that actually has this craft experience in the U.S. So it’s actually not so much a matter of cost to begin with, it’s about having skilled people who can actually craft the jewelry.”
More than costs and labor, however, Lacik said he would be reluctant to boost U.S. investment due to uncertainty. It comes as companies across other sectors, including pharmaceuticals and autos, have been pledging billions of dollars to boost manufacturing in the country.
“The more worrying thing in all this, is that it’s not predictable,” Lacik said. “I think this plagues most people like myself that sit on the business side of things.”
TSA doesn't understand the concept of planning.
https://www.cnbc.com/2025/05/07/inve...f-america.htmlInvestors fled to Europe and Japan after Trump’s tariffs jolted U.S. markets, Bank of America says
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Strategists at the Bank of America shed light on where some of the capital flowing out of the U.S. may be heading.
According to their data analysis, U.S. equities saw an $8.9 billion outflow in the week to April 30. For every $100 inflow to American stocks since the 2024 presidential election, there had been a $5 outflow over the past three weeks, the investment bank’s strategists said in a note to clients on May 1.
At the same time, European equities saw a $3.4 billion inflow, according to the Wall Street bank.
Meanwhile, Japanese equities saw a $4.4 billion inflow in the week to April 30 — its biggest week of inflows since April 2024.
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Bending the Xi
What are the tariffs for?
"“My sense is that this will be about de escalation, not about the big trade deal … but we’ve got to de escalate before we can move forward,” Bessent told Fox News."
https://www.cnn.com/politics/live-ne...0g3b6sa3clmhor
Bissent already planning to fold before even getting there.
uhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh hhhh
https://x.com/atrupar/status/1919764721449808358
this dip knows nothing
https://x.com/SpencerHakimian/status...03818155725145
Bookmarking another Blake Cramer gem.
"We have shared interests. This isn't sustainable, as I said before, especially on the Chinese side — and, you know, 145%, 125% is the equivalent of an embargo. We don't want to decouple — what we want is fair trade."
-- Bessent
What are the tariffs for?
That's a Bessent quote, not my quote. That's your guy, not mine. So yes, please this bookmark this and bring it back up again.
To make everyone rich and bring the price of eggs down?
Jesus Christ you are ing stupidThat's a Bessent quote, not my quote. That's your guy, not mine. So yes, please this bookmark this and bring it back up again.
Yeah I'm quoting Bessent and making fun of what he said. Your reading skills really blow.Jesus Christ you are ing stupid
Yeah and I bookmarked your idiotic par Cramer take on what he said. Your reading skills really blow.
What are the tariffs for?
https://x.com/Timodc/status/1920469193008287935
Is it actually a deal?
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