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SOURCES [FULL LIST]
U.S. Bureau of Labor:
https://fred.stlouisfed.org/series/PCU3241223241222
Construction Dive:
https://www.constructiondive.com/news/tariff-concerns-loom-construction-input-prices/732999/
https://www.constructiondive.com/news/trump-tariffs-construction-projects/735566/
Wall Street Journal:
https://www.wsj.com/world/americas/trump-aides-want-to-hit-mexico-canada-with-tariffs-before-talks-3ff27f14
https://www.gisreportsonline.com/r/trumps-tariff-policy/
Grassi Advisors:
https://www.grassiadvisors.com/wp-content/uploads/2024/06/Grassi_Report_Conditions-and-Outlook_Construction-Architecture-Engineering-2024_FA.pdf?__hstc=251652889.cd023b4b5c3ffe3b655bf596a5865146.1737049610074.1737049610074.1737133513504.2&__hssc=251652889.3.1737133513504&__hsfp=2142369586
Bloomberg:
https://www.bloomberg.com/news/articles/2024-10-16/from-tariffs-to-immigration-highlights-from-trump-s-bloomberg-interview?sref=sBMxP0gT&leadSource=uverify%20wall&embedded-checkout=true
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YouTube.com
Dmitry’s underlayment: https://bemdirect.com, but before tariffs kick in!
The Consumer loses.. The American people loses.. tariffs might be his losing strategy
I believe it's naive to think that consumers will benefit from manufacturers moving to US to avoid tariffs. That takes time, in many cases years. It doesn't happen overnight, and in the meantime U.S. consumers are the ones that have to pay for the price increases that are generally passed on to them by company that imported the product and had to pay the tariff.
Abc suplier just sent us a notice of 7% price increase
I own a gutter company and increase prices every time we receive a price increase from our suppliers. And also put it in our contract. That material prices may increase. I think with all the mass deportations.The price on labor will increase due to shortage. It will slow down production, but help us recoup on labor. I've also increased hour weekly material. Order preparing extra material stock. I feel like aluminum will get hit pretty hard. Due to there's not many aluminum manufacturers in the united states.
We have no problem raising prices as they come in from our suppliers. Here in Western Washington state all other companies are doing the same. Maybe the new smaller companies that run out of thier houses and dont pay workers comp do still low ball. But they do not know how to get new work or thier name out there so i dosent really effect most of us that have real overhead and a customer base.
Trump knows business
Trump knows best
Tariffs work and must be enforced on countries that take advantage of us
We want MADE in AMERICA
Contractors better start lowering their fees
FJB 🤬economy is over!!!
Bitcoin crash, stock market crash, meme coin rug pull, and full on trade wars! Hell yeah America is great again!!!
If Trumps goal is reached to bring these countries to the table to help balance the trade issues out then great if not it could hurt the American economy he is trying to help
Trump’s Tariffs are a dumb idea and will go down as more inflationary than BIDENOMICS.
I think tariffs are great. I have always increased prices when I get hit with a price increase. I would not increase price if my price doesn’t increase.
I’m kinda spooked about roofing labor. For the most part roofing labor is completely dominated by visa and illegal workers.
All these so-called experts are just under the assumption that people have endless amounts of money?
Capitalism about to fall on its f**** face
Great now Shingle Manf will have another reason (real or not) to raise prices even higher than the planned increase on April 1st. But what is real, oil prices will be going up.
I'm sorry this guy is a duffus, i've never bought an Asphault shingle from china. Our nails are really the only thing i think will go up. I dont buy the bogus metal look a like chinese shingles because I don't want to support our enemy. So a little more for nails maybe pipe boots won't kill us. Lets make it all in Anerica, that means more Americans with higher paying jobs.
Important Topic but misleading video clips (not your fault). The Economist clip didn't explain that the tariffs only "hit" the top manufacturers, if they decide to pass along "some or all" increased prices they can/will/will not ( they still have to be competitive). The 2nd talking about an "Exemption" failed to remind all that this only applies if you're the manufacturer receiving goods across borders, not for the retail/consumer/contract end. Will prices go up? Sure, because they never go down and all for-profit companies look for any reason to raise prices. Look at covid.. Yes, you can be profitable and competitive at $475 a square if you needed or had too IMO.
Get ready for a crashing economy and run a way inflation. You will be rethinking your vote for Trump very soon.
To all the roofers who voted for Trump welcome the loss of your cheap labor and increased material cost. Hopefully this will drive out of the roofing industry the storm chasing low integrity salesman driven companies. I look forward to a properly trained workforce and hopefully the establishment of credentialed and licensed roofing professionals.
Not a word about immigration or the racism that the administration dolls out
Did you know we have been in an unfair trade deficit since WW2. We needed this 70 years ago. We have been passing these cost down to our customers as always. We need to stay ahead of it. It will be painful for a short period in my opinion. Wages are going up faster than materials at my company. If you don’t get ahead of it now it will be much harder.
Connect with Dmitry: https://dmitrylipinskiy.com/
Dmitry's Roofing School: https://Roofing-school
Join my daily marketing program: https://www.mymarketingfitness.com/