Prices going up

[Dublin ohio]

I asked DeepSeek and ChatGPT whether VAT is a tariff and both said NO. So that should settle it not Trump.

It is a tax that functions the same as a tariff, tomato, tomahto

 

[Dublin ohio]

Also there's a long line waiting to get the chicken. Must be good.

It is because they are cheap and they are cheap because they are small

 

[Fernando]

It is a tax that functions the same as a tariff, tomato, tomahto

So your saying European products sold in US and have to pay our sales tax is consider tariffs.

 

[Fernando]

It is because they are cheap and they are cheap because they are small

No the chicken same size as over 20 years ago. The packaging has been reduced to a plastic bag to cut expense.
Not sure if hot dogs same ingredients as 20 years ago. Before Costco had option of Polish or hot dog. Now just hot dog.

 

[Dublin ohio]

So your saying European products sold in US and have to pay our sales tax is consider tariffs.

Some online purchase may require that a sale tax be charged but that is paid by the buyer, just like paying sale tax at your local store. When we export to countries with a VAT the exporter pays the VAT. You also may be charged a VAT when buying online from a country that has a VAT as well as paying a state sales tax

 

[Dublin ohio]

Costco has kept the $5 chicken as well as the $1.50 hot dog an drink since it opened. Amazing.
It's a cost loser but draws people into the store. Must be working as it's one of the most successful company in the world with stores all over the world.
When you have a great American company selling what the people want, great customer service, and treats its employees well, you can sell to the world. USA! USA! USA!

Costco has 616 stores in the U.S. Walmart has 4609. Costco had sales of $184B, Walmart $442B

 

[Fernando]

Some online purchase may require that a sale tax be charged but that is paid by the buyer, just like paying sale tax at your local store. When we export to countries with a VAT the exporter pays the VAT. You also may be charged a VAT when buying online from a country that has a VAT as well as paying a state sales tax

Exporter pays VAT and then the European customers also pay VAT? That's not right. How come prior administrations never complained including Trump in his first term?

 

[Charles West]

It is a tax that functions the same as a tariff, tomato, tomahto

A tariff is a tax, Fernando's AI is full of it. It's a tax on the exporter for entry to a market.

 

[Fernando]

MSN

Billionaire predicts 'regime shift' after Trump policies prove to be 'negative for the economy'​

One billionaire investor is predicting a sharp policy reversal from President Donald Trump's administration after his policies cause shock throughout the economy.

CNBC reported Friday that Steve Cohen — the billionaire hedge fund manager who owns the New York Mets baseball team — is bearish on the economy in the wake of Trump's signature policies. He specifically mentioned Trump's mass deportations of undocumented immigrants, layoffs of thousands of federal workers due to budget cuts and the tariffs he imposed on goods imported from overseas.


"Tariffs cannot be positive, okay? I mean, it’s a tax,” Cohen said during a talk in Miami Beach, Florida. “On top of that, we have slowing immigration, which means the labor force will not grow as rapidly as ... the last five years and so.”

The Times reported that consumers are expecting prices for goods to increase by roughly 3.5% annually over the next five to ten years, which would be the highest rate of increase since 1995. The Federal Reserve has also said it's unlikely to lower interest rates throughout the remainder of 2025, unless inflation rates drop back down to its target of 2%.

 

[Fernando]

Inflation Expectations Surge to 4.3% in U.S.

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Inflation Expectations Surge to 4.3% in U.S.​

The U.S. February one-year inflation rate expectation reached a new high of 4.3% in its final reading, marking the highest level since November 2023. This development has raised concerns about the potential impact on the economy and consumer spending.

THANKS TRUMP FOR DOING NOTHING.