From cnn.com "*Stellantis (manufacturer of Chrysler, Dodge, Jeep, Fiat, Peugot...) says it has “paused production” at some of its Canadian and Mexican auto assembly plants due to the newly announced tariffs, and that as a result, some US workers will also be temporarily laid off.*"
People are losing jobs immediately, businesses will close, plants will close, rural towns will suffer, people will lose healthcare, some will lose homes and people **will** die.
I saw one story of a US importer who spoke about a 25,000 dollar additional tax bill to import fruits and vegetables because they had the unfortunate luck to have a shipment arrive between Trump implementing a tariff and then revoking it. The "*short life*" of the tariff didnt matter, the company was out 25,000 dollars they didn't have to spare.
I wish Bahamians would stop repeating the "*short term pain**" narrative. For some people their lives will be destroyed and it will take years to rebuild post Trump's term. There will be nothing "*short term*" about this for them and no Bahamian should cheer destroying lives to make a point.
How many times will minister after minister announce that they're "*reviewing procedures*" as the police ride past what everyone can see jet skid doing all kinds of nonsense near shore. Have they at minimum implemented an alcohol and drug testing program?
China will lose sales in its biggest market. What happens when sales in one line declines? The provider hikes up the prices in the other streams to stay afloat. Thinking there's some way to get out of the global fallout is akin to Tourisms positive spin in 2020 on "capitalizing" on high COVID rates across the world to lure tourists here. (Scientifically it was the dumbest proposal ever and noone gambling the lives of Bahamians in such a way with no real thought or understanding should be allowed in govt ever again)
Producing our own food as a cheaper option is a farce, we import all the inputs and our labour, water and electricity costs are astronomical not soon to be remedied.
The linchpin in "food security" is "*security*". If our supply chains are cut off in some global pandemic like scenario, food is our security. When we move into "normal" every day operation, without heavy govt subsidies, locally grown food is not a viable option for the average consumer making at or near minimum wage. The last time I purchased a whole chicken was prepandemic and I purchased Abaco Big Bird because they supplied beautiful fresh chicken, but even then it was a high price,10 dollars each minimum. Most of our wont and maybe cant opt to pay that.
*Apple (AAPL) tumbled more than 7% in after-hours trading. The tech giant relies extensively on supply chains in China, which will be subject to steep tariffs.*"
"*President Trump just finished his tariff speech at the White House and we would characterize this slate of tariffs as ‘worse than the worst case scenario’ the Street was fearing,” said Dan Ives, senior analyst at Wedbush Securities, in a note.*
*Ives said “the jaw dropper” was Trump slamming hefty reciprocal tariffs on China, bringing its rate to 54%.*
**The elephant in the room for most US products is the "*relies extensively on supply chains in China*"**
The US economists have estimated the price of a new car will go up by 9-12k as the parts and partial assemblies come by way of Mexico and Canada. Trump said he doesnt care if prices go up.
Said like someone who doesnt realize that some of the goods we import will come to us through the US by way of a heavily taxed jurisdiction. Basic not good.
They also did not "*deliver on what was promised*", there are many quality criteria for events. Easy access, food and drinks, parking, view of the stage, security and on an on, "the main act" does not equate to an assessment of success. For example, if the promoters had said, *it'll be about a two hour wait on the line to get in, you may have to push and shove to get your band because we'll have limited booths, we likely wont have enough drinks for everyone who attends and the main act isnt starting until 1AM, but it will be great!*". How many people would say "*I just cant wait*". All of that is a part of the experience and it was not all good or delivered as promised
ThisIsOurs says...
So every major producing country in the world including China takes a hit, but the Bahamas that imports everything is unscathed? Yup, makes sense.
On Bahamas hit by 10 percent tariff by US
Posted 3 April 2025, 7:58 p.m. Suggest removal
ThisIsOurs says...
Yesterday? With a gale force warning in effect? I hope they find them safe.
On Police search for two men missing at sea
Posted 3 April 2025, 7:54 p.m. Suggest removal
ThisIsOurs says...
From cnn.com "*Stellantis (manufacturer of Chrysler, Dodge, Jeep, Fiat, Peugot...) says it has “paused production” at some of its Canadian and Mexican auto assembly plants due to the newly announced tariffs, and that as a result, some US workers will also be temporarily laid off.*"
People are losing jobs immediately, businesses will close, plants will close, rural towns will suffer, people will lose healthcare, some will lose homes and people **will** die.
I saw one story of a US importer who spoke about a 25,000 dollar additional tax bill to import fruits and vegetables because they had the unfortunate luck to have a shipment arrive between Trump implementing a tariff and then revoking it. The "*short life*" of the tariff didnt matter, the company was out 25,000 dollars they didn't have to spare.
I wish Bahamians would stop repeating the "*short term pain**" narrative. For some people their lives will be destroyed and it will take years to rebuild post Trump's term. There will be nothing "*short term*" about this for them and no Bahamian should cheer destroying lives to make a point.
On Bahamas hit by 10 percent tariff by US
Posted 3 April 2025, 2:31 p.m. Suggest removal
ThisIsOurs says...
How many times will minister after minister announce that they're "*reviewing procedures*" as the police ride past what everyone can see jet skid doing all kinds of nonsense near shore. Have they at minimum implemented an alcohol and drug testing program?
On Visitor reportedly raped by jet ski operator at Junkanoo Beach
Posted 3 April 2025, 2:22 p.m. Suggest removal
ThisIsOurs says...
China will lose sales in its biggest market. What happens when sales in one line declines? The provider hikes up the prices in the other streams to stay afloat. Thinking there's some way to get out of the global fallout is akin to Tourisms positive spin in 2020 on "capitalizing" on high COVID rates across the world to lure tourists here. (Scientifically it was the dumbest proposal ever and noone gambling the lives of Bahamians in such a way with no real thought or understanding should be allowed in govt ever again)
On Bahamas hit by 10 percent tariff by US
Posted 3 April 2025, 4:18 a.m. Suggest removal
ThisIsOurs says...
Producing our own food as a cheaper option is a farce, we import all the inputs and our labour, water and electricity costs are astronomical not soon to be remedied.
The linchpin in "food security" is "*security*". If our supply chains are cut off in some global pandemic like scenario, food is our security. When we move into "normal" every day operation, without heavy govt subsidies, locally grown food is not a viable option for the average consumer making at or near minimum wage. The last time I purchased a whole chicken was prepandemic and I purchased Abaco Big Bird because they supplied beautiful fresh chicken, but even then it was a high price,10 dollars each minimum. Most of our wont and maybe cant opt to pay that.
On Bahamas hit by 10 percent tariff by US
Posted 2 April 2025, 7:42 p.m. Suggest removal
ThisIsOurs says...
From.cnn.com today post tariff announcement:
*Apple (AAPL) tumbled more than 7% in after-hours trading. The tech giant relies extensively on supply chains in China, which will be subject to steep tariffs.*"
"*President Trump just finished his tariff speech at the White House and we would characterize this slate of tariffs as ‘worse than the worst case scenario’ the Street was fearing,” said Dan Ives, senior analyst at Wedbush Securities, in a note.*
*Ives said “the jaw dropper” was Trump slamming hefty reciprocal tariffs on China, bringing its rate to 54%.*
**The elephant in the room for most US products is the "*relies extensively on supply chains in China*"**
On Bahamas hit by 10 percent tariff by US
Posted 2 April 2025, 7:38 p.m. Suggest removal
ThisIsOurs says...
The US economists have estimated the price of a new car will go up by 9-12k as the parts and partial assemblies come by way of Mexico and Canada. Trump said he doesnt care if prices go up.
On PM: Heads will roll over Abaco delays
Posted 2 April 2025, 7:31 p.m. Suggest removal
ThisIsOurs says...
Said like someone who doesnt realize that some of the goods we import will come to us through the US by way of a heavily taxed jurisdiction. Basic not good.
On Bahamas hit by 10 percent tariff by US
Posted 2 April 2025, 7:29 p.m. Suggest removal
ThisIsOurs says...
They also did not "*deliver on what was promised*", there are many quality criteria for events. Easy access, food and drinks, parking, view of the stage, security and on an on, "the main act" does not equate to an assessment of success. For example, if the promoters had said, *it'll be about a two hour wait on the line to get in, you may have to push and shove to get your band because we'll have limited booths, we likely wont have enough drinks for everyone who attends and the main act isnt starting until 1AM, but it will be great!*". How many people would say "*I just cant wait*". All of that is a part of the experience and it was not all good or delivered as promised
On Vybz Kartel concertgoers criticise organisation
Posted 2 April 2025, 4:32 p.m. Suggest removal