Curious what others think.
76 replies (most recent on top)
In the United States, retailers Target and Best Buy have said they will have to raise prices, but their margins are more likely to be squeezed.
Shares in Apple fell 9%, reflecting concerns over the iPhone maker's big manufacturing base in China. Analysts estimated the cost of the ubiquitous devices could rise by 30% to 40%, possibly tipping the most expensive models above a $2,000 price tag.
If you like to drink coffee and bananas you will have to pay more too since US does not produce them (well, Hawaii produces small amounts but not enough).
Whirlpool Corp. will lay off 651 workers at its Amana, Iowa, manufacturing plant this summer 2025.
"The formula he used, which has widely been criticized, reportedly involved two variables — the U.S.'s trade deficit with a particular foreign country divided by that country's exports to the U.S. He then halved the number to arrive at his amounts.
That came after he cited numbers that were inaccurate to justify his "reciprocal" tariffs against the 185 nations he began taxing on Wednesday, with about 60 of them receiving more than the 10% "baseline" tariff. He called the entire plan one of "discounted reciprocal tariffs."
https://www.msn.com/en-us/money/markets/donald-trump-personally-decided-tariff-rates-as-he-ignored-advice-from-experts-hours-before-order/ar-AA1Ckwah?ocid=winp2fptaskbar&cvid=46249aa4d0b347b5b3676c9288cd9c4a&ei=39
"In the two days after Trump’s tariff was announced, Apple’s stock dropped 16 percent, Meta was down 14 percent and Amazon fell 13 percent. According to estimates from Bloomberg’s Billionaire Index, Tesla CEO Elon Musk personally lost $110 billion from his net worth so far this year, Amazon founder Jeff Bezos $37.6 billion and Meta CEO Mark Zuckerberg $18.6 billion. Bezos is the owner of The Washington Post," the report states."
https://www.msn.com/en-us/money/companies/we-d-like-to-put-this-chapter-behind-us-tech-execs-having-regrets-about-backing-trump/ar-AA1CmaJf?ocid=winp2fptaskbar&cvid=5fdfe7c1578b4ae396408e661c92124c&ei=80
Even Elon is mad at Peter Navarro over tariffs.
https://www.msn.com/en-us/money/markets/musk-slams-top-trump-adviser-navarro-as-tariffs-bite/ar-AA1ClZty?ocid=winp2fptaskbar&cvid=1da10d4c84924ca79f2fee21aa310120&ei=20
Who can afford to buy federal lands? The billionaires..
https://www.msn.com/en-us/news/politics/trump-s-administration-moves-to-reduce-america-s-36-trillion-debt-sells-federal-land/ar-AA1Cl8tW?ocid=winp2fptaskbar&cvid=295d22b20a9244228d7220d3c0acaf70&ei=23
Nobody knows how these tariffs will play out.
We can all see the immediate effects.
No, nobody knows how the tariffs will play out, if allowed to continue but this combative, antagonistic approach coupled with distrust has already results in pain and will continue to result in pain - which he and his cabinet readily admit. Will that pain be short lived and localized? Unlikely. World-wide, multi-year pain seems much more likely at this point.
This is the gamble you want to take?
Regarding Billionaire Bill Ackman and his advice:
"My advice to foreign leaders is that if you have not already reached out to President, you need to do so immediately. Trump is, at his core, a dealmaker who sees the world as a series of transactions," he said in a post on X.
"I expect Trump will reward the early dealmakers with fairer deals than those that wait to sit down at the negotiating table. Countries that respond with additional tariffs on our goods will be severely punished."
This is part of the problem. Nobody, no person and no country, should be capitulating to this idi0t. He has proven time and time again that he cannot be trusted. He has no moral compass. He cares for nothing and no one but himself.
The reason why he loves tariffs so much
https://www.youtube.com/watch?v=hx_W2ZUggGI
https://www.msn.com/en-us/money/markets/billionaire-bill-ackman-delivers-frank-3-word-message-on-tariff-war/ar-AA1Ck5Pl?ocid=winp2fptaskbar&cvid=63174c72b6434e638fe46b80352ebae5&ei=16
At other companies? I expect an almost immediate effect - as in April is going to be a month of reckoning.
Stellantis to lay off 900 U.S. workers in ‘horrifying consequence’ of Trump’s tariffs:
https://www.fastcompany.com/91311521/stellantis-lay-off-900-u-s-workers-horrifying-consequence-trumps-tariffs
But, it’s OK because he’s doing it intentionally:
Trump on Friday shared an outlandish social media video that defends his recent policy decisions by arguing he is deliberately taking down the market:
https://www.cnbc.com/2025/04/04/buffett-denies-social-media-rumors-after-trump-shares-wild-claim-that-investor-backs-president-crashing-market.html
https://www.marketwatch.com/story/jpmorgan-now-says-theres-a-60-chance-of-a-recession-after-tariff-hikes-a130b3e8
The Chairman of the Federal Reserve called inflation “transitory”. He was mistaken. He was appointed by Donald Trump.
These politics do not matter to SAS employees. When they get laid off, what matters is whether they can find a job.
Whatever you believe the long term effect of tariffs to be, in the short term they reduce hiring.
"The curtain has been pulled back to reveal the id--t behind the wizard."
Were you silent when brain dead Biden was spouting "transitory inflation"?
Tech bros don't seem to care they lose billions... Are they so rich it doesn't matter much to them to lose a few billions or do they know something we don't? I really don't think a lot of jobs or a lot of manufacturing will come back.
https://www.msn.com/en-us/news/politics/karma-comes-a-knockin-tech-bros-suffer-huge-losses-from-trump-s-policies-but-it-may-be-by-design/ar-AA1CibmZ?ocid=winp2fptaskbar&cvid=63823aadd2a44b0f97cb6be714bee442&ei=8
@dw+1jqxy8vge
"...pay the additional costs of the tariff"
That comment assumes only one of multiple outcomes of the tariffs. Not all outcomes pass costs to the consumer.
“Put a tariff on outsourcing! Bring our tech jobs back, not just manufacturing!‘“
And all you can eat Friday at building C for .99!
And a free puppy on your 5th and 12th sas-Iversary!
@dx+1jqxy8vge I'm not optimistic, just stating that layoffs operate on a lag -- typically a year after a recession begins.
Hiring does not operate on a lag. These tariffs will reduce hiring immediately, because businesses hate to invest in the face of uncertainty.
The dozens, or hundreds, of people recently laid off from SAS just got a more difficult job search.
Put a tariff on outsourcing! Bring our tech jobs back, not just manufacturing!
Tariffs have generally been good for this country, even the dooms-dayers will spew to the contrary
Again, for the millionth time, it’s not necessarily what they are doing, it’s how id--tically they are going about it.
A single, well-thought out tariff? I doubt many would object.
Across the board stupidity, igniting a global trade war resulting in global economic destruction? Reasonably, there are detractors.
But it has equation and computer!
We probably won't get a depression, maybe not even a recession. Even if we do, layoffs may not accelerate for another year.
Such optimism! The financial talking heads are similarly pre-programmed. Even today, after the great April 2025 correction (crash), I’m sure they will paint a rosy picture. The party line “it’s a little pain now for a pleasurably wealthy future” has been parroted ad nauseum for the last couple of weeks.
The curtain has been pulled back to reveal the id--t behind the wizard.
At other companies? I expect an almost immediate effect - as in April is going to be a month of reckoning. U.S. business will demonstrate, once again, that they are highly reactionary and much less proactive.
As for this company, the initial effect will be delayed and dampened but, assuming the tariffs don’t magically disappear (a distinct possibility), probably three to six months. If the tariff situation stays unpredictable, then closer to three.
Virtually everyone (business and individual) will reduce spending (or maintain their current spending rate but not be able to pay the additional costs of the tariff). With threats this large, the entire global economy will be affected. Reduced profit margins and defensive moves will decrease growth and push it into negative territory. This contraction will result in GDP reduction worldwide and that wave will surely break on our company shores.
“ Tariffs might provide a convenient excise. The tariffs can be blamed for no sale or no IPO. When the reality is that no entity since Broadcom has expressed interest(that we know of). That is a bigger problem than tariffs”
What is a bigger problem than tariffs? That you don’t know whether anyone has expressed interest?
The bizarre way how they calculated reciprocal tariffs...the math is misleading.
https://www.youtube.com/watch?v=PWhv-06DNjE
Tariffs for everyone including penguins but why not Russia and Belarus?
https://www.youtube.com/shorts/LaQnHCQ2-XM
Tariffs might provide a convenient excise. The tariffs can be blamed for no sale or no IPO. When the reality is that no entity since Broadcom has expressed interest(that we know of). That is a bigger problem than tariffs.
Well, the market for a sale or IPO is certainly not as good as it was two days ago 😂 .
But SAS is not IPO-ready anyway. They have made moves in that direction, but they have not filed with the SEC.
SAS was planning to be IPO ready in 2025. Before this year is over, the market may change again.
Are the other countries really imposing tariffs or carrying a trade deficit that was massaged to look like a tariff on a chart? I hear both stories. In any case, is now the time to sell or IPO?
The Trump tariffs are the opposite of insane. The insanity has been that the previous presidents have allowed other countries to impose tariffs on us without reciprocating.
Tariffs have generally been good for this country, even the dooms-dayers will spew to the contrary. Bringing business back puts people here to work.
The Constitution delegates tariff power to Congress, not the President. So if Congress doesn't like what the President is doing, they can pass a law, or take him to court.
They probably won't, so we'll probably live with these tariffs for a while. We don't know yet whether they will cause a recession. But, back to the OP's question, the lag between recession and layoffs is clear in this chart:
https://fred.stlouisfed.org/series/UNRATE
https://www.msn.com/en-us/news/politics/we-re-all-dead-frustrated-republican-senators-rip-into-trump-tariffs/ar-AA1CdM61?ocid=winp2fptaskbar&cvid=8c2f4ccd2c964c8eb97e6ebb36d8a335&ei=16
The market is bad in this environment this year, unlikely SAS can go public but there was never a guarantee that SAS would even go public. A sell is more likely than going public.
With insane tariffs across the board and mass unemployment of public and private sectors, a recession is highly likely. Be ready to pay higher prices at the stores once tariffs kick in. If you need house repairs, be ready to pay much higher prices. If you're constructing a new house, be prepared to pay more for materials and labor.
better analytics should help companies be more efficient. OTOH, if they can pay less for the software, have fewer developers and analysts ...
There's a long lag effect. Remember the stock market crashed in late 1929, but the worst year of the Great Depression was arguably 1933.
We probably won't get a depression, maybe not even a recession. Even if we do, layoffs may not accelerate for another year. We've barely seen any acceleration so far:
https://layoffs.fyi
However, the uncertain market conditions have already slowed hiring. Even with no increase in layoffs, that makes the job market more difficult for those laid off from SAS.
https://www.forbes.com/sites/karadennison/2025/03/17/what-to-expect-from-the-job-market-as-a-job-seeker-in-2025/
Going public seems less likely than ever in this market. So maybe a slower approach will be taken. I guess it depends on how badly this affects software spending and sales revenue right?