#tariff

https://ca.finance.yahoo.com/news/gm-expects-500-million-trump-195909092.html

Now that the Tariff refund portal is open for the as-deemed unconstitutional, "Liberation Day / Reciprocal Tariffs" from a year ago, Canon USA will be fully eligible for likely hundreds of millions in refunds for all the imports from Japan. We know those refunds won't go to the end users (because only Costco is apparently doing that). But the question is, will the employees see any of that? Or will it all just go into Canon coffers as backdated profits to make the shareholders happy?

Sadly, I think we know the answer...

https://www.businessinsider.com/ford-ceo-jim-farley-chinese-carmakers-entering-us-devastating-2026-4

Can't make this stuff up.

"Tariffs are bad! Oh until they can save us from the Chinese OEMs!"

A joke. Until Farley onshores all manufacturing, design and IT, the government should give him the middle finger.

Bill and Farley are reduced to begging…

Ford Motor and other U.S. automakers have asked for relief from aluminum tariffs after fires at a major American factory created supply bottlenecks for vehicles, though the Trump administration so far has rejected the requests, according to a report.

The Wall Street Journal first reported that Ford petitioned the Trump administration for assistance, citing people with knowledge of the conversations.

The government has so far not budged, the report said, adding that the discussions are part of ongoing talks about the impact of President Donald Trump’s tariffs.

Trump officials told the companies they had already received some relief from national security tariffs last year, when major automakers were allowed to recoup part of the 25% duties on auto parts, the report said.

Costco CEO: “As we’ve done in the past, when legal challenges have recovered charges passed on in some form to our members, our commitment will be to find the best way to return this value to our members.”

What are the chances our CEO will do something similar? I know, zero.

After watching most major auto companies slash jobs, it was probably naive to think we’d avoid it. But 20 percent is steep. I guess we’ll see how it unfolds, though cutting staff to make up for tariff losses feels like the easy answer, not the right one.

The feds now owe nike more than 3 billion dollars, wanna bet where this money could flow?

I will take the first shots:

500mil goes to shirts with pu--c hair in skims
300mil goes to white house bribes
200mil goes to whatever shiny useless tech someone was chasing for their VP promotion
100mil to DEI

Companies today have seen the challenges with the US economy due to the ongoing tariffs.

Very quietly though have you realize the backlash against the American worker? Canon USA Inc. is holding it against the American workers by continuing to layoff and outsource to contractors in the Philippines.

In addition, we have not received one publication from corporate that didn’t mention the tariffs. The continued downsizing of the American working people is a direct response to the American government.

The company is currently being investigated in Melville for their layoffs that may result in the loss of the tax breaks they received when we moved our corporate HQ.

Canon USA Inc. knows they need to be here for business but doesn’t want to play ball with the people of our country. It’s a sad reality but you may be the next move they make in what they label as a right sizing due to the economic climate.

I simply can no longer trust this company because I feel that I am a targeted employee because I am American.

Vornado has laid off numerous employees. The layoffs occurred at its Andover production site. It is also the company's headquarters. CEO Cole Hoppock cited tariffs as a cause. These tariffs are increasing operational costs.

https://www.bizjournals.com/wichita/news/2026/02/02/vornado-air-manufacturer-andover-layoffs-tariffs.html

tarrifs, headwinds, ram and the such

• Wabash National layoffs: The Indiana-based manufacturer will lay off 100 Riverside County workers by March 6 / 94 in Moreno Valley and 6 in Perris, per state WARN filings, citing soft demand and tariff-related cost pressures.

• Nestlé plant closure: Nestlé is shutting down its Jurupa Valley facility at 3450 Dulles Drive, leading to 88 manufacturing job losses, with the closure expected to be completed by March 13.

• Big picture: All reported job cuts are in the manufacturing sector, totaling 188 local job losses across both companies in Riverside County.

I was just in a meeting today. Half of the stores will be closing this year.
Tarriffs mostly to blaim.

With Trump threatening retalitory tariffs up to an additional 25% on every country that doesn't support his seizure of Greenland. Germany & other EU countries are massive suppliers for a plethora of chemicals for semi manufacturing. How are we going to be able to afford yet another set of increases?

Looks like Carney is going to roll out the red carpet for Xi, Windsor/Detroit region are going to be absolutely flooded with cheap Chinese EVs. https://share.google/egy4SFCuU94HlwqwG

https://www.reuters.com/world/china/us-impose-tariffs-chips-china-2025-12-23/

Taco gonna taco

Xerox-Lexmark Sue Trump Over Controversial Tariffs: The Battle for Refunds. (find it!)

As a H1b employee I constantly see some posts blaming H1b as cheap labour to replace US work force, I would say it is totally wrong.

1. TI almost exclusively hire non US ncg only if the personnel has a PhD degree recent years. For someone who is not familiar with the H1b process, it is a lottery which has a winning rate of less than 40% and any ncg who does not win H1b in 3 years have to leave USA unless they can proof that they have extraordinary ability to be qualified for O1 visa. A NCG with masters degree but no publications will definitely not be qualified for O1 if they are not lucky enough to be selected in H1b lottery (and PhD is likely to qualify), which make it risky.
2. Everyone who has searched internal openings on myhrtools would notice that every posting is showing immigration eligibility. Only job postings at Kilby/ATD/Some BU are eligible for immigration. There would be NO H1b in fab technicians, and only very limited H1b in fab engineers (as far as I know only PIs, not even for PEs). Mass layoffs in fab environment is nothing to do with H1b since none of the jobs there are "replaced" by H1b. BU H1bs got hit hard in September, suggesting layoff is there no matter whether you are a US personnel.
3. It is MUCH MORE DIFFICULT for a non US ncg to get a job compared to US personnels. Considering current political situations, no employers want to hire someone who costs more to maintain immigration status and are risky to be influenced by immigration policies. If the candidates are equally qualified, 95% the hire will be the US personnel. As said before, openings that are eligible for immigration are all high level positions from Kilby/ATD/Some Bu, etc. The qualification standard is high and most likely it is for MS/PhD only. There is only one reason that TI still hire opt students which will eventually change to H1b, that is international PhD graduates are usually more qualified for the jobs that are eligible for immigration.
4. US has 700 to 800k H1bs in total, which is ways smaller than the tech industry employee count. They are making up only a small portion, and every major company hiring H1b will have a much higher standard on them. They are subject to political environment change and job market change as numerous companies including Walmart stop hiring H1b starting this year. In TI, new H1bs are even not eligible for a fab engineer job. They have a much smaller job pool compared to US personnels and they are much vulnerable towards layoffs.

So stop blaming H1b in the company. Tariff and economy, development of AI, the upper management... There are far more to do with the layoff.

Company: Topgolf Callaway Brands
Source: Sports Business Journal

Topgolf Callaway reveals layoffs, raises full year financial guidance
Summary: Topgolf Callaway eliminated about 300 positions to offset rising tariff costs, while raising revenue and EBITDA guidance for the year. The company said further headcount reductions are not currently anticipated but cost management remains a focus.

City: Carlsbad
State: California

https://www.sportsbusinessjournal.com/Articles/2025/11/07/topgolf-callaway-reveals-layoffs-raises-full-year-financial-guidance/

Effective immediately, Fujifilm North American Business Innovation have reduced their U.S. based staff by several hundred. All areas of the business have been affected, except ex-pats from Japan.

Fuji's U.S. operations has been hemorrhaging for the better part of the past few years with declining sales and market pressures due to ongoing import tariffs.

Keeping the ex-pats in the U.S. protects reducing personnel in Japan and abroad.

The tariffs will hit us hard.

This could have a Huge impact on both NCR Companies.

Has anyone been following this?

The "HIRE Act" is a proposed U.S. bill introduced in September 2025 that aims to discourage job offshoring by imposing a 25% excise tax on payments to foreign workers. Introduced by Senator Bernie Moreno, the bill would make these payments non-deductible for U.S. companies and is intended to boost domestic employment by redirecting the resulting tax revenue into programs like worker training and apprenticeships. The bill would apply to payments for services that benefit U.S. consumers, including those to workers on various work visas like H-1B and H-2B.
Key provisions of the HIRE Act:
25% excise tax: A tax is proposed on payments made to foreign workers (those not considered U.S. persons for tax purposes).
Non-deductible expenses: Companies would not be able to claim tax deductions on payments subject to the new excise tax.
Worker visa eligibility: The tax would apply to a wide range of foreign workers, including those on immigrant and nonimmigrant visas such as F1, J1, H-1B, and H-2B.
Domestic Workforce Fund: Tax revenue from the new law would be directed to a fund to support domestic workforce development initiatives like training programs and apprenticeships for American workers.
Potential impact and context:
Reduced offshoring: The primary goal is to make it more expensive for U.S. companies to offshore jobs, thereby encouraging them to hire domestically.
Impact on outsourcing industry: The bill could create significant uncertainty and pressure for companies in the global IT outsourcing sector, particularly in countries like India, reports NDTV.
Economic effects: Supporters argue the act would protect American jobs and national security by reducing reliance on foreign labor, while some critics suggest the costs could be passed on to consumers through higher prices, notes Reddit users.

Annualized Core CPI -

Excludes food, and energy.

August - 3.1% (still high).

For each month during the year (and could be, or more) depending on the Trump tariffs effect on the U.S. economy (in the future, 2026 forward).

Trump China Import tariff rate (currently) is 30% through Nov 10th (pending a change in the future, Trump desires 80%).

Trump "Retaliatory" other country Import tariffs are up for Supreme Court review, starting in November.

(Most likely outcome) is $190.0+ Billion to be refunded back to Importers (with Interest) by Treasury (Bessent) due to being (Illegally) implemented by Trump during April 2025.

Congress is the (Legal) authority to implement levies.

Stagflation - High Inflation - Low Growth has (not) gone away.

Unemployment rate (still rising) U.S. government shutdown (still ongoing) Oil prices (still rising, at least for now; due to Russian oil sanctions imposed by Trump).

Heard a rumor they are moving where toner will be manufactured, like offshore.
Would that make any sense with tariffs?
Doesn't the union have an agreement?
Or is this just to close all of webster facility?

H1-B holders are disappearing

Next trip is heavily tax and higher tariff on companies hiring on offshore operations.

China -

This is a (really bad) combination for the U.S. economic-financial system (and ultimately, the stock market) if (current) trends continue.

Trump "Retaliatory" Import tariffs, the U.S. government shutdown (continues) and the U.S. National debt (continues) its' (exponential) rise.

Is the 2nd largest economy in the world.

Does (not) need any U.S. products what-so-ever (at all, including soybeans).

China has formed numerous Trade alliances with other countries (and continues, to do so) the E.U., India, South Korea, Russia, Brazil, Argentina; and the list goes on.

The U.S.-China Trade war continues to escalate, right now; it appears.

Trump (most likely) will raise the (current) China Import tariffs (by another 100% on November 1st).

The (current) China Import tariff of 30% is the rate until November 10th (as of August 25th).

Trump (most likely) will not meet Xi Jinping in November (previously planned) due to escalating Trade war tensions.

Also, on a side note.

The U.S. government shutdown appears to be headed to the (longest in U.S. history).

The U.S. economic-financial system (thus far) has (not) taken into account the (full) effect of Trump tariffs, and the (exponentially) rising U.S. National debt (currently) at $37.8 Trillion per (usdebtclock) with the price of Gold, and Silver; reflecting the (continued) devaluation of the U.S. dollar (Inflation).

The stock will probably be around $50 by the end of the year. We’re clearly in an AI bubble, and the AI-driven stocks are telling a very different story from reality. Our team isn’t ready to handle what’s coming.

We’re stuck in an economic trap. If we raise prices to protect margins from tariffs, we risk losing customers. If we don’t, margins get crushed. Discretionary spending is tightening, so fewer people will be buying high-end gear this holiday season. Retail looks soft, companies are hiring less and most aren’t looking to add traditional holiday staff at prior year levels.

Not everything is leadership’s fault. Some of this is just macroeconomic turbulence. But the bigger issue is that our current leadership is a throwback. They’re just not equipped to deal with today’s high-volatility environment. And unfortunately, many of the same people who created these problems are still running the show, some of them even promoted.

We might see slightly better earnings in December, but I expect it to come with a warning about a tough year ahead. That message won’t help the stock.

Buckle up.

Porsche - Stuttgart Germany - https://www.forbes.com/sites/joshmax/2025/10/13/is-porsche-sinking-layoffs-tariffs-and-other-issues-abound/

Porsche faces headwinds despite solid U.S. demand, with 57,099 YTD sales up 5.6 percent and record CPO volumes. Global Q3 deliveries fell about 6 percent, led by China down 20 percent and North America down 5 percent, amid tariffs, a cooled China luxury market, and a bumpy EV shift. Porsche plans to cut 1,900 more jobs by 2029 minus largely via attrition and non renewals minus and has delayed key EV rollouts. The brand remains profitable with strong loyalty, but leadership signals a strategic reset.

https://www.cnn.com/2025/10/10/politics/rare-earths-china-trump-threats

“Trump says he’ll impose new 100% tariff on China ‘over and above’ current rates“

At these tariff rates, the Chinese will be at a huge disadvtantage and American companies will be propelled far into the lead. Think about how this helps national chip manufacturing - evening out the playing field so locally manufactured will be the preferred source.

To poke this administration. Why, why come out with this media stance now? Keep your head down and plow ahead with your plan. No need to pick a public fight. I haven’t seen a single company win from posturing like this. Apple , Boeing , NVIDIA, Microsoft…. Not a single one has come out on top. If we can bite our tongue to do business in countries with dubious human rights track records, surely we could STFU and just plow ahead silently for 3 years and 3 months more
And to what end, so we can all feel better that we have publicly signaled this.. what’s the point if we just end up getting shadow banned in the permitting and less than favorable tariff carve outs… good grief.
https://www.ft.com/content/7e3a2879-d7d9-40a3-8ea8-ae89a9e29121

On products (Trump tariffs) -

Wall Street (has not) up to this point taken into account Trump tariffs, but they will; by Early-Mid 2026 (at the latest).

Trump tariff (effects) does include things like auto, and property insurance (due to the cost of paid-out claims) housing, food, utilities, and the list; goes on.

The U.S. consumer.

Has and (will) pay the price.

Retailers will spread the Trump tariff costs among (both) tariffed, and non-tariffed products; as time goes on.

Trump just (ramped up) tariffs on lumber.

Prices will remain (slotted high) proven by Covid even after the supply chain issues were resolved.

Even if Trump loses his U.S. Supreme Court case in November (with Treasury (Bessent) refunding Billions to Importers (with Interest) because the U.S. government has held their funds away from them).

Trump will try (another route) to get his "Retaliatory" other country, and sector-based tariffs done.

Expect a (Major Downwards correction) in the stock market (it is coming) in the future within the next few months, at the latest; it could be much sooner.

How will Ford be affected if their India workforce becomes part of India’s US-Tariff-boycott?

Would that completely shutdown the company, and for how long?

With 100k$ price tag for an H1-B and massive tariffs on outsourced labor and overseas remittances, get ready for an end to this scam of a program.

It's going to be a bright, sun shiny day.

Start packing, Saars.

"Hecho en Mexico", wow that brm set is going to cost 10 Gs if you pay full term!

https://www.cnn.com/2025/09/25/business/furniture-truck-tariffs-trump

Did your store just increase the prices of 1300 items like mine did?

And we’re not talking little price increases either. Some items increased by 20-40 percent!! How is that possible!? The customers are going to be shocked. I know I was.

I guess this is the tariffs finally becoming reality. I don’t think our customers have any idea what’s in store for them. They’ve been complaining like crazy before this, wait until they see the prices now!

Hold onto your hats boy and girls. This sh!t’s about to get real.

https://timesofindia.indiatimes.com/education/news/us-may-slap-tariffs-on-it-service-exports-which-indian-tech-jobs-are-at-risk-and-who-could-gain/articleshow/123762260.cms

Is Support and R&D considered outsourcing ?

Have worked here for the past 8 years. Employee moral has been way down since the death of one of our colleagues. This Friday it continued when they abruptly laid off 4 of the most senior employees. Tariffs and incredibly poor management hitting us hard. The TRUMP economy in action!

I thought the idea for tariffs is to create manufacturers and jobs in the U.S. https://www.thestreet.com/retail/critical-us-manufacturing-company-files-chapter-11-bankruptcy

So I have a couple of senior folks who work for Wall St. firms , and they have given me a heads up that Q1 is going to be a major hemorrhaging of white collar jobs,sectors mostly affected are big pharma, telecomm ( including at T. , VZ and CISCO) , and finance. .

Basically, companies are already pricing in the rate cut, but the unemployment numbers coupled with tarrifs effects and a expected weak holiday season is going to cause this.. so better save your nuts this winter..