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Ian Winer


Business and Finance


Ian Winer is an investor, philosopher, humanitarian, writer and public speaker who connects people to the truth of market places and human behavior. Ian is the author of the book, Ubiquitous Relativity: My Truth is Not the Truth. A regular contributor to CNBC, Fox Business, The Wall Street Journal, Bloomberg, and Reuters, to name just a few, he is known for seeking connections through non consensus thinking and making it relatable to everyone.


Tariffs = Taxes. I am not saying that because I am a libertarian. I am saying it because people should understand that when these tariffs go into place they will affect the prices of goods we buy every day.

I agree with some of the President's economic agenda, but for the life of me I cannot understand the logic here. If this winds up really going into place, watch for a wave of companies to start talking about how the tariffs are hurting their business.

So if I am Ford and I import steel and other parts from China, my COGS (cost of goods sold) just rose a lot. So I have a few choices.

1) I eat the margin myself, change nothing else.
2) I eat the margin but raise the price of the trucks I sell to offset that increase in costs
3) I fire a bunch of people in order to offset my costs, so I can keep the price of the trucks the same.

Option 1 is going to occur on the first of Neveruary.
Options 2 and 3 hurt consumers.

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