I don't think business can count on the American market remaining the largest in the world outside of China for long, in this economic environment. I don't believe big business cares about "expensive cities", they can charge more there. Most of the American businesses (Amazon, Walmart, Bershire Hathaway, etc) aren't "factory" based. And …
I don't think business can count on the American market remaining the largest in the world outside of China for long, in this economic environment. I don't believe big business cares about "expensive cities", they can charge more there. Most of the American businesses (Amazon, Walmart, Bershire Hathaway, etc) aren't "factory" based. And I stand by mine, they won't continue to cower to Trump. If he doesn't right the ship, they'll bail to a more friendly place to do business.
All three of those companies depend heavily on manufactured goods. Berkshire Hathaway owns several manufacturing concerns directly. The common thread is that all of them depend on low cost overseas factories for product. If the tariffs stay in place the cost of those products will rise and if they rise high enough they will lose their customers. That's the law of supply and demand at work. Remember, Walmart became Walmart by selling low priced goods to middle and lower class consumers. How do you think those customers will react when Walmart if forced to raise prices to Nordstrom levels? Businesses care about sales whether they come from expensive cities or Armpit Iowa. And Amazon depends on customers who either want free overnight shipping or who live in Armpit Iowa, a town so small even WalMart won't bother.
I don't think business can count on the American market remaining the largest in the world outside of China for long, in this economic environment. I don't believe big business cares about "expensive cities", they can charge more there. Most of the American businesses (Amazon, Walmart, Bershire Hathaway, etc) aren't "factory" based. And I stand by mine, they won't continue to cower to Trump. If he doesn't right the ship, they'll bail to a more friendly place to do business.
All three of those companies depend heavily on manufactured goods. Berkshire Hathaway owns several manufacturing concerns directly. The common thread is that all of them depend on low cost overseas factories for product. If the tariffs stay in place the cost of those products will rise and if they rise high enough they will lose their customers. That's the law of supply and demand at work. Remember, Walmart became Walmart by selling low priced goods to middle and lower class consumers. How do you think those customers will react when Walmart if forced to raise prices to Nordstrom levels? Businesses care about sales whether they come from expensive cities or Armpit Iowa. And Amazon depends on customers who either want free overnight shipping or who live in Armpit Iowa, a town so small even WalMart won't bother.