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submitted 1 month ago by [email protected] to c/[email protected]

US Treasury Secretary Scott Bessent said on Monday he was not concerned “at present” about American shops potentially running out of items due to US President Donald Trump’stariffs.

Trump has introduced a 10 per cent baseline tariff against most nations, and a far higher levy totalling 145 per cent on goods coming from China.

The White House also introduced several sector-specific tariffs of 25 per cent, and has threatened to reimpose higher measures on dozens of trading partners if they do not reach a deal to lower trade barriers with the United States.

Asked during an interview with Fox and Friends if he was concerned about reports of empty shelves due to the tariffs, Bessent replied: “Not at present.”

“We have some great retailers,” he said during the Fox News interview. “I assume they pre-ordered.”

“I think we’ll see some elasticities. I think we’ll see replacements, and then we will see how quickly the Chinese want to de-escalate.”

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[-] [email protected] 62 points 1 month ago* (last edited 1 month ago)

“We have some great retailers,” he said during the Fox News interview. “I assume they pre-ordered.”

Knowing nothing about him really, this singular line makes me think he's as stupid as his boss

[-] [email protected] 40 points 1 month ago

Just in Time supply chain says what

[-] [email protected] 25 points 1 month ago* (last edited 1 month ago)

I remember touring a car manufacturing plant a long time ago, and learning about Just in Time supply. I remember trying to work it out in my head and assuming that there would have to be no roadblocks. Now I see that it has crashed, again.

[-] [email protected] 5 points 1 month ago

Toyota actually has buffers in their supply chain that makes them resilient to shocks, but most companies copied the name of the plan literally and as a result have extremely fragile supply chains.

[-] [email protected] 16 points 1 month ago

It's all idiots from top to bottom

[-] [email protected] 56 points 1 month ago

“We have some great retailers,” he said during the Fox News interview. “I assume they pre-ordered.”

michael-laugh

[-] [email protected] 35 points 1 month ago
[-] [email protected] 5 points 1 month ago

curious-marx Wasn't one of the biggest Americanist complaints about the USSR that you had to pre order things like cars?

[-] [email protected] 54 points 1 month ago

“I assume they pre-ordered.”

Source: “I made it up.”

[-] [email protected] 48 points 1 month ago

and then we will see how quickly the Chinese want to de-escalate.”

xi

[-] [email protected] 32 points 1 month ago

China is literally just sit-back-and-enjoy

[-] [email protected] 30 points 1 month ago

Love how the presumtion is that its up to China to be the adult in the room. God I hope China calls their bluff and just stops servicing the amerikan market.

[-] [email protected] 10 points 1 month ago

I remember when I was in high school and my teachers constantly told us that, although China owns a lot of our debt, they'd never call it because they benefit from having a stable US for exports.

Joke's on them since it turns out, the US is so stupid, it's trying to make China call our debt by shitting all over itself and drinking its own pee while strutting around as though this is a valid economic policy.

[-] [email protected] 19 points 1 month ago* (last edited 1 month ago)
[-] [email protected] 34 points 1 month ago

Those are poor people problems.

[-] [email protected] 22 points 1 month ago

US Treasury Secretary Scott Bessent said on Monday he was not concerned “at present” about American shops potentially running out of items

He should be lmao

[-] [email protected] 19 points 1 month ago

It will need pointing out to some thicko that they are worried about shops running out of stuff.

[-] [email protected] 21 points 1 month ago* (last edited 1 month ago)

But they aren't worried... at present.

[-] [email protected] 10 points 1 month ago

I do near more clothes/gear for work. Probably should act on that sooner than later, I suppose.

[-] [email protected] 8 points 1 month ago

Sir, the people are hungry.

Let them pre-order cake.

[-] [email protected] 3 points 1 month ago

I used to laugh at people saying all these ghouls were lizards people, but I firmly believe that this guy sheds his skin and sleeps under a heat lamp

this post was submitted on 28 Apr 2025
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