Trumpenomics
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At this point, I’m shooting for the silver lining that “pro labor” policies and labor unions might get sunk next administration or even mid this administration…
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@jon-nyc said in Trumpenomics:
That’s odd… A 10% tariff on cocoa imports shouldn’t result in a 30% price increase. As the cost of the material is only a fraction of the production and marketing cost, it should be less than 10% overall. There’s more to that story.
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That doesn’t add up.
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@jon-nyc said in Trumpenomics:
I saw another report that said processed cocoa used in Reese’s has a 25% tariff.
That still doesn’t account for a 30% price increase.
The wholesale costs of cacao right now is $.15 per ounce. Hershey’s milk chocolate is 11% cacoa, or $.02 (rounding up) of cacao in every ounce. Reese’s PB cups have roughly 1.5 ounces of milk chocolate per cup, or $.03. There’s 2 cups per pack, so that’s $.06 of cacao per package. A 30% tariff on cacao would account for another $.02 per pack. Retail pricing on Reese’s are $1.99 per pack. A $.02 increase would be a 1% increase, not 30%.
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@89th said in Trumpenomics:
Haha I think I’ll trust my friend who is like 2 levels below their CFO
Isn’t it funny how in the DC Crime thread you discount anecdotal evidence in favor of official statistics, but in this case you discount statistics in favor of personal anecdotes?
