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Six months into tariffs, businesses have no idea how to price anything

(www.wsj.com)
462 points JumpCrisscross | 1 comments | 30 Aug 25 20:56 UTC | HN request time: 0.001s | source
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lazarus01 ◴[30 Aug 25 22:32 UTC] No.45078568[source]▶
In NYC, for the first 6 months of 2025, 994 new private sector jobs were created [1]. During the same period last year, there were 66,000 new jobs created.

Higher cost of doing business from tariffs has frozen hiring. With a frozen job market, there’s less revenue coming in.

NYC is a leading indicator for the rest of the country.

[1] https://www.nytimes.com/2025/08/13/nyregion/nyc-jobs.html

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macintux ◴[30 Aug 25 22:37 UTC] No.45078595[source]▶
I’m curious whether it’s more the tariffs, or the uncertainty. No one knows what will happen on a day-to-day basis: the chaotic (and illegal) decision-making leaves everyone wondering what’s next.
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PeterStuer ◴[31 Aug 25 07:42 UTC] No.45081223[source]▶
It is more the volatility for sure. Tarrifs have existed forever and business has always coped with them.
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1. pstuart ◴[31 Aug 25 07:58 UTC] No.45081332[source]▶
This is different -- the tariffs are being applied and changed chaotically, with no direction on actually serving the point of protecting native industry. The goal of the tariffs is to replace income tax, everything else is a smokescreen.

https://www.cnbc.com/2025/04/22/trump-tariffs-replace-income...