Needed my omelette! I was in Dominican Republic and eggs were $3 a dozen.... I was very tempted to bring in eggs and sell for 200% markup!
egg prices are trumps fault. He said so. also if the Dow drops 1000 points over two days, that’s the presidents fault too.
Eggs are the least of it. I'm seeing a similar pattern developing that we saw during the fall of 2008. Larger capital projects in manufacturing are drying up. Anything which would fall in the would be nice to have or longer preventative maintenance is on hold. If it ain't critical to daily operations it's on the back burner. Quoting jobs becoming impossible. Same day price increases in material is becoming more common. Job approvals just don't happen that fast. No stability in material prices means it all grinds to a halt. Higher prices people can live with. Unknown week to week let alone day to day...full stop.
I'm seeing some of that, too. Here's another story... Just yesterday a customer asked us to put an exemption HS code on all our trade docs to them, to get out of the tariffs. I did some research this morning and, our goods are not exempted when the tariffs go up (they're actually not up now, not until April, but he's trying to be proactive in his cheating). Years ago I set us up to ship exworks and only exworks, period. Glad I did.
Every day I'm just about ready to toss a match behind me with ET and then I read something that has an interesting insight.
Imagine building a car that involves parts going across the border 6 or 7 times and then Trump decides to slap a 50% tariff on Steel and Aluminum. I heard one Canadian steel company say they are shipping whatever they can today then they'll stop entirely. You'd think after Covid people would understand what supply chain issues can do. But in Trump's case obviously not it doesn't impact him personally except expensive egg in his face.