How Tariffs May Affect Eye Care

How Tariffs May Affect Eye Care
By Gretchyn M. Bailey, NCLC, FAAO


With the recent change in US leadership, tariffs have become part of day-to-day conversation. A tariff is a tax placed on goods entering or leaving a country by that country’s government.

For many, tariffs belong in macro economic discussions. However, tariffs have the potential to do more than affect multinational companies—effects from tariffs are likely to affect small independent businesses and ordinary people, such as optometrists and their patients.

At Vision Expo East in Orlando last week, in coordination with The Vision Council, attorney F.D. “Rick” Van Arnam, Jr., a partner at Barnes, Richardson & Colburn in New York, discussed how tariffs may affect eye care and outlined how today’s looming tariffs first became part of the landscape.

Tariff origins
In 2018, the Office of the United States Trade Representative opened a Section 301 investigation on intellectual property misappropriation by China that officials believe were adverse to US interests. Specifically, American companies were required to release proprietary technology to Chinese business partners as a prerequisite to the US company manufacturing or distributing in China.

Under Section 301 of the law, the federal government is able to take remedial steps to correct such bad actions. Therefore, a 25% tariff was assessed on merchandise made in China. At the time, the tariff was limited to products negatively affected by the Chinese bad actions, such as machinery. However, many more products were added to the tariff list.

China retaliated by enacting its own 25% tariff on US agriculture, of which China was a big consumer. China also identified other products that were subject to additional tariffs.

In return, the US created an additional tariff of 7.5% on a broader list of products—on top of the already established 2.5% duty on many imported items. That additional tariff increased duty on Chinese goods to 10%.

Note that a Court of Appeals case is challenging Section 301 tariffs. The case will likely be decided in the next few months, and the decision is likely to be appealed to the Supreme Court.

Eye care involvement
Eye care was affected by the additional tariffs by the involvement of things like spectacle lenses, plano sunglasses, over-the-counter (OTC) readers, low vision equipment, and lens finishing equipment.

However, companies were able to petition for relief—or exclusion—from Section 301 tariffs. If one company was granted exclusion, all other companies with similar products were also granted exclusion. For about a year, exclusions were issued for spectacle frames and reading glasses. Those exclusions ended in 2020, and attempts to renew them were not successful.

In February 2025, an additional 10% duty was announced for any Chinese origin product.

Says Van Arnam: “That 10% the eyewear company is paying to import those plastic spectacle frames from China just jumped to 20%. The same frame, if you bought it today from say Vietnam, would be a 2.5% duty; it is now 20% if it's coming from China. China is the biggest by far producer of of optical products, particularly frames.”

Mexico and Canada tariffs
Also in February 2025, a 25% tariff was announced for products coming from Mexico and Canada. This tariff was framed as action taken against the countries for allowing fentanyl and illegal immigrants into the US.

Says Van Arnam: “This was a huge deal because Mexico and Canada are two of our largest trading partners. “They are are border allies and historically have had good relations with the United States. “We have free trade agreements with both of them, which allow the vast majority of products that are made in Canada and Mexico to come into the United States free of duty and for products that are made in the United States to go into Canada and Mexico free of duty.”

Due to both Canada and Mexico making overtures to remedy the problems identified by the US, tariff enforcement was paused for 30 days. That 30-day period expires on March 4.

“Some companies in the eyecare industry who weren’t affected by the China trade were panicking because they would now be impacted by Canadian or Mexican trade,” says Van Arnam. “There is a lot of cross-border trade. You might have a lens processing facility on the Mexican side of the border with lenses sent over for processing and brought back into the United States for distribution.”

He wonders how the US will measure success for the remedies proposed by both countries.

“What metric do you use to measure fewer immigrants coming in or less fentanyl coming across the border?” he says.

Aluminum and steel
Within the past two weeks, a 25% tariff on raw aluminum and steel (and their derivative products) was announced. Most manufacturers in the eyecare space use both metals in their production, from frames to equipment.

Says Van Arnam: “These costs will ripple through the supply chain because I don’t believe any company will be big enough to absorb the cost and say it’s all on us.”

The additional duty will eventually end up in the cost of goods everywhere, including eye care. Van Arnam foresees challenges in the future because costs may not necessarily be passed onto patients or consumers due to negotiated contracts.

“Patients may have insurance which is paying only X amount,” he says. “Or maybe you’re selling frames to Veterans Affairs which won’t allow you to increase your price. There won't be a direct line from the 25% paid on the raw material to the finished value of the of the eyewear. Some of it will be absorbed, but at some point, you're going to see price hikes and hear people talking about how these tariffs will be inflationary.”

Tariffs on aluminum and steel were enacted prior to 2020; however, exclusions and agreements with other countries largely mitigated the effects. Those terms expire on March 12.

Reciprocal tariffs
The federal government is looking into imposing a tariff on all imported products, regardless of origin, to match the originating countries’ tariffs.

“There is a perceived injustice that the United States has tariffs that are historically lower than those of other countries while other countries have tariffs that are historically higher,” Van Arnam says. “The federal government is looking at what we charge for an item vs what country X charges for that item. If we are charging 2.5% for a pair of spectacle frames, and hypothetically, India is charging 10%, there is a 7.5% gap. Under the reciprocal theory, you would pay an extra 7.5% duty to import spectacle frames of Indian origin into the United States so the tariff amounts would match.”

Addressing reciprocal tariffs would likely create logistical challenges for smaller companies without the resources to quickly pivot.

Federal agencies involved with international trade are required to report by April 1 where reciprocal duties might apply. For example, will the duty apply to specific countries or specific products?

Upcoming tariff deadlines
• March 4: The 30-day pause on Mexican and Canadian tariffs expires. A 25% tariff may go into effect.
• March 12: Previous exclusions and agreements about raw aluminum and steel expire. A 25% tariff may go into effect.
• April 1: Reports due to identify where reciprocal tariffs might be applied.
 
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Is anyone considering buying some crypto as a hedge against a downside.

BTW on the ODs on Finance page, many are talking about DCA'ing into this market to pickup things on sale.

What would be good targets to buy during a tariff response market drop?
 
You mean literally "wiped off/vaporized" as if they sold their positions? :rolleyes: Hmmm.....maybe they should just ( I know I'm crazy but just hear me out) I don't know.......BUY MORE AT A DISCOUNT!
If the stock market goes down 50% (I know...not likely) in order for it to go back to where it was, it has to go up 100%.

People at or near retirement are not going be buying more at a discount. They aren't looking to contribute. They are looking to withdraw.
 
Day end...SP500 -0.67% & Nasdaq -0.87%...been much bigger days this year.
That was as of 4pm today. Five minutes before POTUS walked out into the rose garden. Look at the after close trading or futures market that’s still trading.

1743647900144.png
 
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Is anyone considering buying some crypto as a hedge against a downside.

BTW on the ODs on Finance page, many are talking about DCA'ing into this market to pickup things on sale.

What would be good targets to buy during a tariff response market drop?
Crypto is NOT an equity risk hedge. Its is very correlated to the movement of the stock market.
 
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If the stock market goes down 50% (I know...not likely) in order for it to go back to where it was, it has to go up 100%.

People at or near retirement are not going be buying more at a discount. They aren't looking to contribute. They are looking to withdraw.
I would respond but it would be censored. So.....eff it say what you want IDC. I'm pretty damn fed up.
 
Day end...SP500 -0.67% & Nasdaq -0.87%...been much bigger days this year.
The tariffs weren't announced until just after the market closed - for obvious reasons, they knew it would be a catastrophe. The lower numbers you're seeing now are post-closure, which may portend not-so-great things tomorrow morning.

As an individual, it is difficult to know what to do with such instability. Consumers are already pretty well pushed to the edge -- defaults on car loans are at the highest level at least since the great recession, and price increases could cause that market to topple completely. I guess that means shorting the car dealers might not be a terrible idea ....

But bringing this back to eye care -- if there is hyperinflation (and if these tariffs on asian goods are enforced, there will be, there is no way around it.) What does this mean for your practice? I don't see people going for a "second pair" with AR when they are worried about ... "food" or an iPhone which now costs $1,500.
 
I moved my IRAs to a 30% cash/gold plus 15% mostly T and FHL bonds. Wish I did more cash. The rest of my portfolio I diversified into international x-USA equity index funds and dividend stocks paying 5%+. And, of course, BRK/B. :) Even sold off some of my AAPL. It will be interesting to see what happens tomorrow and going forward. Trusk has already cost me a couple of retirement years income which I wont likely recover. Hopefully I wont loose too much more.

I believe people who are living on retirement IRAs/401-Ks or plan do so in the next couple of years are going to be royally screwed. The youngins' with a couple of decades to build their wealth are going to make out like bandits, if they have cash to invest when the smoke clears, becasue there is surely going to be a giant fire sale! If they have jobs. If the coming hyper-inflation doesn't wipe them out.

So who will be the winners of the global trade war. Or how long before Trusk "re-adjusts" the tariffs?
 
Stop the political rants plese, they will be deleted.

Again, this is a thread about tariffs and eye care. We know -- from literally all of recorded economic history -- that tariffs ultimately pass price increases onto consumers.

As a retailer [which 50% of you are], what are you doing to plan for an environment where people may have less discretionary cash to spend on non-essentials? Are you going to change your product mix?
 
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Stop the political rants plese, they will be deleted.

Again, this is a thread about tariffs and eye care. We know -- from literally all of recorded economic history -- that tariffs ultimately pass price increases onto consumers.

As a retailer [which 50% of you are], what are you doing to plan for an environment where people may have less discretionary cash to spend on non-essentials? Are you going to change your product mix?
This "environment" has been here for awhile now in the form of inflation.

From what I have heard from frame reps and what I have seen in my own office, patients have been cutting back on spending for the last few years, well before any tariffs, due to the cost of literally everything being so expensive. As a result, in April 2024 we made the decision to bring in more low to middle end frames and draw back on the high end stuff.

Crazy thing is our net increased significantly because of the higher mark up on the cheaper frames. I honestly don't expect the tariffs to have much impact on my practice because we make a big effort to keep things affordable for our patient base to begin with.
 
This "environment" has been here for awhile now in the form of inflation.

From what I have heard from frame reps and what I have seen in my own office, patients have been cutting back on spending for the last few years, well before any tariffs, due to the cost of literally everything being so expensive. As a result, in April 2024 we made the decision to bring in more low to middle end frames and draw back on the high end stuff.

Crazy thing is our net increased significantly because of the higher mark up on the cheaper frames. I honestly don't expect the tariffs to have much impact on my practice because we make a big effort to keep things affordable for our patient base to begin with.
I think the difference is going to be if goods from China are tariffed at 30% or more, people who rely on Wal-Mart or Amazon to make their daily purchases are going to be squeezed more heavily than ever.

The question as always is where consumers make their cuts.
 
Hey, Adam.

What's 30% of "$169 frame and lens complete"?

I can't do the math.
 
Stop the political rants plese, they will be deleted.

Again, this is a thread about tariffs and eye care. We know -- from literally all of recorded economic history -- that tariffs ultimately pass price increases onto consumers.

As a retailer [which 50% of you are], what are you doing to plan for an environment where people may have less discretionary cash to spend on non-essentials? Are you going to change your product mix?
Political rants is what this entire thread is.

You just won't admit it. It's a stealth political rant.

This thread is ONE SIDED in it's conception: how tarriffs are NEGATIVE.

What about the positive effects? "No, that's poltics."

How about how this is a "deal" or "negotiation". "No, that's politics."

I applaud you keeping this thread "open", but it's not "really open". It's heavily censored to present a narrative. It's a tired, tired technique that those in control use when facts or even opinions don't agree with them.

I'm out.
 
I think the difference is going to be if goods from China are tariffed at 30% or more, people who rely on Wal-Mart or Amazon to make their daily purchases are going to be squeezed more heavily than ever.

The question as always is where consumers make their cuts.
Again, those cuts in spending by patients have been made for quite some time now due to inflation. Can't get blood from a stone so those that have needed to cut their budget already have for the most part.

The vast majority of my patients are low income and rely heavily on Walmart as it is the only place to shop around here but many of them are on Medicaid, Medicare Advantage plans, or some other type of assistance that covers their exam and glasses. The tariffs will impact their discretionary spending in other places but they pay virtually nothing for exams and glasses so I don't expect the tariffs to impact our practice much.
 
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Crypto is NOT an equity risk hedge. Its is very correlated to the movement of the stock market.

This is true.

Glad you guys weighed in on this. I know a very savvy trader that was making some crypo buys last night. So I thought at least I should ask.

Here was their chart. Admitted I do not at all follow it, and I am not a crypto owner.

1743684985893.png
 
I did not have time to go back and listen to yesterday's 1+ hour speech. So these are all "reciprocal tariffs" What if China responds and cuts their tariff to zero. Will they still be subject to a 10% minimum tariff? What do we really sell to China that they can not source elsewhere? If they go to zero does that instantly open our market to that at low or no tariff?
 
Political rants is what this entire thread is.

You just won't admit it. It's a stealth political rant.

This thread is ONE SIDED in it's conception: how tariffs are NEGATIVE.

What about the positive effects? "No, that's poltics."

How about how this is a "deal" or "negotiation". "No, that's politics."

I applaud you keeping this thread "open", but it's not "really open". It's heavily censored to present a narrative. It's a tired, tired technique that those in control use when facts or even opinions don't agree with them.

I'm out.
Jeff, you seem to misunderstand the purpose of this thread. It is to discuss the economic impact of these tariffs on optometric practice. So people can proactively handle their business appropriately.

Even if you believe these tariffs are "good" because they will bring manufacturing back to the US, it does not matter. Any positive effect on manufacturing will take literally DECADES - you will be long retired or dead before you see any positive impact in your community, if there is one to be had at all.

So again, the focus in this thread is on the impact of these tariffs and what people can do now to shore up their businesses in the face of unstable economics.
 
The vast majority of my patients are low income and rely heavily on Walmart as it is the only place to shop around here but many of them are on Medicaid, Medicare Advantage plans, or some other type of assistance that covers their exam and glasses. The tariffs will impact their discretionary spending in other places but they pay virtually nothing for exams and glasses so I don't expect the tariffs to impact our practice much.
So in your case, you have what economists call inelastic demand in your office -- it doesn't matter what the price actually is or becomes, your patients will pay it (because they aren't the ones paying it)

But what about everyone else -- what happens to the average 30 year old with a middle-class job who is paying out of pocket? Adjust the product mix downward to keep things affordable?

I know that for years people have tried to make "in-office specs" a thing, and it seems to fail every time for most people (Qspex etc). I wonder though with advances in polymer science, and advances in 3D printing, will we get to a place where it makes sense manufacturing the whole kit and kaboodle on site.
 
But what about everyone else -- what happens to the average 30 year old with a middle-class job who is paying out of pocket? Adjust the product mix downward to keep things affordable?
Honestly these type patients (ie cash paying 20-40 year olds) around here went the way of the Dodo bird after COVID. Most of them don't go to the eye doctor unless their glasses break or they have steel in their eye because their bank accounts are already stretched to the limit.

Money has been tight for many Americans for quite some time now so changes in spending habits are somewhat already "baked in" even before the tariffs. Now some of your higher end practices with ridiculously high markups will probably be affected.
 
I think the difference is going to be if goods from China are tariffed at 30% or more, people who rely on Wal-Mart or Amazon to make their daily purchases are going to be squeezed more heavily than ever.

The question as always is where consumers make their cuts.
FYI the cumulative tariff on China is now 54% (Prior + “reciprocal”).

This will eventually filter down into frames and lenses to some degree. The final assembly or a frame or lens may not happen in China but it’s very likely the base materials and components and processing equipment is Chinese in origin.

Ophthalmic instruments are going to have a big increase. I imagine most imaging devices are from Europe (20% tariff) or Japan (24% tariff).

That may even impact the costs in Canada as a lot of products are first shipped to the USA and then Canada. I’m sure the suppliers are rejigging their logistics to minimize this.

The tariffs are expected to move our economy into a recession, so in our clinic all capital expenses are on hold.
 
Ophthalmic instruments are going to have a big increase. I imagine most imaging devices are from Europe (20% tariff) or Japan (24% tariff).
We were just discussing this. All those Zeiss, Heidleberg, & Topcon instruments are in play here.
 
But bringing this back to eye care -- if there is hyperinflation (and if these tariffs on asian goods are enforced, there will be, there is no way around it.) What does this mean for your practice? I don't see people going for a "second pair" with AR when they are worried about ... "food" or an iPhone which now costs $1,500.
That’s absurd.

Hyperinflation is defined as inflation of at least 50% per month and it comes from one thing: the government printing money.

A tariff is not going to cause inflation of at least 50% per month. It could certainly cause inflation, but not hyperinflation.
 
Can someone give a good reason why it is okay for other countries to put huge tariffs on us but it is not okay for us to do the same?
 
Can someone give a good reason why it is okay for other countries to put huge tariffs on us but it is not okay for us to do the same?
Not the point of this thread (practical advice and help), but -- whether something is "OK" or not isn't the point.

Making sudden, unilateral changes is almost universally a terrible idea. It reduces trust in one's trading partners, which in the long-run is awful for business. Because if countries have a more stable alternative, they will take it.
 
Money has been tight for many Americans for quite some time now so changes in spending habits are somewhat already "baked in" even before the tariffs. Now some of your higher end practices with ridiculously high markups will probably be affected.
The tariffs will impact their discretionary spending in other places but they pay virtually nothing for exams and glasses so I don't expect the tariffs to impact our practice much.
I believe Mike hit the nail on the head. People have been living through 6 months (or more) of steadily rising cost of living. And not just eggs and gasoline. (PS: different thread but.....Electrify America has nearly doubled it's per kWh costs.)

Across some communities and demographics, many optometry practices will not be seriously impacted. Yet in others that will not be the case. I can see a scenario where there is an actual up-tick for optometry, even those with retail dispensing.

Patients who saw Walmart/Costco/on-line as their way to save on specs might find that doesn't work in Tariff Town and, if we play our cards right, we might be able to capture those patients and provide for their needs more affordably.

There a Big But to all this: rising unemployment along with rising costs of most everything. Our practices might weather the storm but how about us and our families? What about the psychological impacts? How about that of watching your retirement funds slip away?

I live in an economically stratified town. 50% affluent to extremely wealthy (like half of Hollywood and America's Corporate Elite live here) and the other 50% paycheck-to-paycheck but not "poor." They are totally screwed. The affluent might just put off buying their new Tesla or Rivian and maybe postpone their million dollar re-model. Or not.

Me? I'm heading over to Deckers Outdoor (their global corporate headquarters is here with a really cool retail outlet) to buy a couple of pair of Hoka Sneaks and Teva sandals. The Hoka One One shoes are going up from $180 to $250 thanks to the tariffs. It's a "necessary purchase" for me, anyway. Old ones wearing out, risk of falling playing pickleball and then the additional healthcare costs to fix me. :)
 
John, everyone knows that it's a dynamic equation.

If China wants to change something in response, or Mexico, they are welcome to.

China can further reduce the price they're selling stuff into America to lessen the cost to the American consumer, for example.

Wages will increase as manufacturing returns to America.

The new "shipbuilding" tax credit is going to help.

People have to remember that national security depends on robust manufacturing and mining, and energy, etc. We can't offshore everything to save labor costs and environmental regulation.

What's wrong with strong union wages? Everyone decries the "minimum wage economy" so why not increase blue collar jobs?

Energy prices will decrease as we produce our own (and refine it).

It's not so simple. Economics don't work like that, as I'm sure you know, but some here apparently aren't sophisticated enough to understand.
Jeff, I think you're missing the point and should not try to patronize John or me. Since you seem to be operating in an Alternate Reality, in the Real World refineries can't switch from refining Canadian tar oil to West Texas crude. Can't be done, end of story.

Opening a major manufacturing facility takes YEARS, whether its for cars, dishwashers or chip fabs plus a major investment which in turn will and must be passed on the consumers plus the increased labor costs which will fuel inflation not seen since the 1980's.

Since when was Canada a security concern- more Fentanyl comes in from Manhattan than Canada.

American car parts come from Canada, chips that go into those cars come from China and Taiwan. Do you remember this thing that occurred called COVID when the Big Three had cars filling up every available empty space because they were waiting for chips.

We need more housing, and need Canadian timber to do so because responsibly managed forestry in the US can't grow trees overnight. It's a nice idea to make as much stuff as we can at home, but it will take years to create the infrastructure to do so.

We're already a net exporter of energy- why the big push to drill? Even Big Oil has no appetite to start new oil production unless the price of crude jumps to over $120 a barrel and then you'll be paying $5/gal at the pump.

Like vegetables? Guess where 40% of it comes from? If you don't recall, California has been in drought for over ten years and the Midwest isn't doing much better. How many English majors plan to work in poultry processing plants?

We absolutely need to rebuild the middle class and manufacturing jobs are part of the equation but this requires a long term plan, not a declaration by a kleptocratic and incompetent White House who relies on Alternate Facts.

Think Luxottica and Marchon will start opening plants here in the USA? Essilor start making lenses here?

How about VSP and their entire product lines? Border problems? There was a bipartisan bill ready to get passed when Dear Leader decided not to give President Biden "a victory" even though it would have benefited the American people.

Maybe you should try and be a little more "sophisticated" yourself. Evidence based science, economics and medicine work because they obey the rules of the universe, and not the whim of someone with demonstrably diminished capacity.
 
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Opening a major manufacturing facility takes YEARS, whether its for cars, dishwashers or chip fabs plus a major investment

Well, then I guess we'll have to depend on China. Better hope they play nice.
American car parts come from Canada, chips that go into those cars come from China and Taiwan. Do you remember this thing that occurred called COVID when the Big Three had cars filling up every available empty space because they were waiting for chips.
Wait. Are we on the same side? You LIKE that situation? Surely not...

It's a nice idea to make as much stuff as we can at home, but it will take years to create the infrastructure to do so.
Yes, it took years to destroy our manufacturing base. The weird dude with the big ears ran for president in '92, and it was happening before that. Are you old enough to remember that stuff?
 
not a declaration by a kleptocratic and incompetent White House who relies on Alternate Facts.
And there we go....

Politics? Assholery? Adam?

Maybe you should try and be a little more "sophisticated" yourself. Evidence based science, economics and medicine work because they obey the rules of the universe, and not the whim of someone with demonstrably diminished capacity.

I like you, David. I hope you are NOT censored by Adam for breaking all the Marquis De Queensbury rules, and I mean it.

Let's talk this one out.

Let's see if Adam can take it, or he'll apply the ban hammer to you like he does me.

Maybe Adam will repent if he sees that a little robust debate/politics/insult hurts absolutely no one.
 
"Trump’s tariffs are designed to impose costs on foreign producers, not American consumers, by effectively forcing overseas companies to either absorb the cost or raise prices to compete with domestic products. It's a long overdue course correction on trade.

While critics argue that higher import prices hurt consumers, the policy incentivizes foreign nations to negotiate trade deals or lower their own barriers, shifting the economic burden globally rather than domestically."



United Auto Workers (UAW) President Shawn Fain has praised Trump's efforts to end "the free trade disaster that has devastated working-class communities for decades."

So, ironically, some of you here are aligned with Mike Pence, and some of us here are aligned with the United Auto Workers. Think about that one.
 
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Have you guys heard about how the "reciprocal" tariffs were calculated? You probably assumed there was a study country by country of what tariffs they charge the USA and other non-tariff barriers. Nope. They divided the trade deficit by imports to the US from that country and then divided by two. Even if the number was negative (ie the USA has a trade surplus) such as with the UK, they imposed a base 10% tariff.

Does this make sense to anyone?
https://www.bbc.com/news/articles/c93gq72n7y1o
 
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Not the point of this thread (practical advice and help), but -- whether something is "OK" or not isn't the point.
Seriously? 99% of this entire thread has nothing to do with optometric advice or education (its in the mast head remember?).
 
Good thread. It is great to have a discussion about how a national policy or global issue can impact our practices, but more importantly affect all people.
 
Good thread. It is great to have a discussion about how a national policy or global issue can impact our practices, but more importantly affect all people.
This is what the business community thinks about what is happening; the sentiment is nearly universal (the pic is from yahoo finance,taken 5 minutes ago)

There are so many follow-on effects and unintended consequences that people haven't even thought about, let alone thought through -- check out the one about coffee prices, that's going to universally piss off everyone. o_O



1743705830794.png
 
So has it been considered to place some kind of tariff or tax on the off-shoring of services, such as tech support of engineering and coding in places like India? If we lose manufacturing and our next gen are supposed to get tech and service jobs they better not find them all off-shored.
 
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Have you guys heard about how the "reciprocal" tariffs were calculated? You probably assumed there was a study country by country of what tariffs they charge the USA and other non-tariff barriers. Nope. They divided the trade deficit by imports to the US from that country and then divided by two. Even if the number was negative (ie the USA has a trade surplus) such as with the UK, they imposed a base 10% tariff.

Does this make sense to anyone?
https://www.bbc.com/news/articles/c93gq72n7y1o
Does it really matter, the methodology? It can be totally arbitrary.
 
This is what the business community thinks about what is happening; the sentiment is nearly universal (the pic is from yahoo finance,taken 5 minutes ago)

There are so many follow-on effects and unintended consequences that people haven't even thought about, let alone thought through -- check out the one about coffee prices, that's going to universally piss off everyone. o_O



View attachment 46677
And what does any of that have to do with optometry? I mean one minute you are admonishing posters for not discussing the impact on our practices and the next minute you are posting links like the one above.

Is it any wonder posters are confused as hell about what is and isn't okay to post here?
 
This is what the business community thinks about what is happening; the sentiment is nearly universal (the pic is from yahoo finance,taken 5 minutes ago)

There are so many follow-on effects and unintended consequences that people haven't even thought about, let alone thought through -- check out the one about coffee prices, that's going to universally piss off everyone. o_O



View attachment 46677
Being a Democrat, you should be full of glee. This will make the midterms in 2026 a slam dunk, right?
 
Being a Democrat, you should be full of glee. This will make the midterms in 2026 a slam dunk, right?
Just stop. Seriously. Enough. This is not a football game. I'm not gleeful about any of this - I have to live on this planet. The last couple of months alone have caused almost incalculable wealth destruction, everyone should be incredibly sad for what has been lost.

Just overnight and into this morning, trillions of dollars of wealth were wiped out, and relationships that took decades to build up were shattered. This is going to impact everyone. The point of this thread is to make people aware, so they can manage as best as possible.