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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As an aside, the heavier-duty RAM pickup trucks (the 2500 and up) are actually made in Mexico -- the very basic ones already start at $60k (!!)

I cannot imagine anyone who isn't innumerate buying one for $75,000 or more, that's just crazytown. It will be long in the junkyard before it is paid off.
I know I am getting old with these stories, but I remember when my dad and uncles were buying F250, 4 on the floor, vinyl interior, vinyl flooring (omit carpet) and 8'3" bed, were going for like $15,000, with a 302 V8 for good hauling. They are probably going for 4-5 times that now. Who can afford them.

I know a young man that just bought a Chevy Silverado for like $78K. And I am wondering if he is frickin crazy. Does he max out his annual 401K? Probably not. Gotta have priorities.
 
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So are these tariffs really going to happen as scripted, or are they going to negotiate all the details last minute.

I could see a long term phase in over say 5 years. Say like 5,10,15,20,25% over 5 years to give companies a long term plan on how to deal with that. They can not make significant changes with the turn of a page on the calendar. Also if they do major investments in infrastructure, will it all change in 4 years? Lots of uncertainty.
 
I didnt read any of the discussion, but didnt the NAFTA (free trade agreement) essentially remove all tariffs? why do we have tariffs with canada and mexico (meaning from both directions. Canada to US. Us to canada. etc)?

My father worked for the state of WV after retiring from Dupont. they passed federal incentive legislation (maybe combined w/ state cant remember) to promote spending for this or that. the trick was, must be a certain % US sourced.

he was unable to buy almost ANYTHING because every american product had canadian and mexican parts but was assembled in the US. He ended up having to either pay 3x for all US sourced goods or just not buy anything as the budget was fixed
 
I didnt read any of the discussion, but didnt the NAFTA (free trade agreement) essentially remove all tariffs? why do we have tariffs with canada and mexico (meaning from both directions. Canada to US. Us to canada. etc)?
It did. but not all at once -- some items had tariffs removed immediately, but others had a phase-in period of... I think it was like 10-15 years or something, so as not to destabilize markets that had them baked in for decades.

This is the polar opposite of what is happening now, where it seems like they are trying to provoke a trade war by immediately implementing large tariffs with no warning. Some have called this strategy "dumb" but I have to believe it is more than that. Whatever it is, it is causing uncertainty, and business leaders do not like uncertainty.
 
Taking this back to a productive and useful direction: since tariffs are by their nature inflationary (grab an econ textbook to understand why), have you actually yet seen any price increases in your office equipment or supplies?

I just bought a car b/c I knew I'd need one soon and I got 0% financing on one that was in stock; i'm certain others are like me, giving the economy a small stimulus/boost in the short-term, but it remains to be seen by, say, summer (90 days) when inventories turn over what the new pricing is going to be like across all sorts of goods.

Contact Lenses are interesting -- J&J makes most of their products right in Jacksonville with robots (they give me a fun tour once.) No clue where they source the polymers from.

Several others produce overseas, I'd imagine that those might take a larger hit.
 
Taking this back to a productive and useful direction: since tariffs are by their nature inflationary (grab an econ textbook to understand why), have you actually yet seen any price increases in your office equipment or supplies?

I just bought a car b/c I knew I'd need one soon and I got 0% financing on one that was in stock; i'm certain others are like me, giving the economy a small stimulus/boost in the short-term, but it remains to be seen by, say, summer (90 days) when inventories turn over what the new pricing is going to be like across all sorts of goods.

Contact Lenses are interesting -- J&J makes most of their products right in Jacksonville with robots (they give me a fun tour once.) No clue where they source the polymers from.

Several others produce overseas, I'd imagine that those might take a larger hit.
My son and I bought 200 hundred extra frames a while ago, but now we seem to have become numb to all the tariff discussion. This will be one more reason for all the companies to put through price increases. Some of our CL vendors have had like 5-6 price increases in the past 24 months. Blaming it on inflation.

Wondering about those Italian and Chinese produced frames? What about those imported spectacle lenses. Don't they all come from China? Even Essilux products?
 
Wondering about those Italian and Chinese produced frames? What about those imported spectacle lenses. Don't they all come from China? Even Essilux products?
That is one of the core problems with tariffs in a world where supply chains are global -- raw materials come from everywhere and anywhere, so you can't really figure out the impact of a particular tariff easily.

So the car I just bought on the sticker said "95% non-US content". Computing a tariff on something like that is easy - it is going to be nearly 25%. No way around it, which is why I bought one when I did with a car that was already in inventory, with a price on it.

But what about a car that is assembled in the US, but has parts from all over the place? Most electronics are made in China. Metals can come from a variety of places. Same with rare-earth materials in batteries. And on and on ....
 
And that's the point...global sourcing.

Trump's not putting tarriffs on things to make them more affordable...

...he's doing it to repatriate the businesses and improve the manufacturing industries.

There's a price to pay, but it should mitigate.

It's funny how "free trader" you've become, Adam. I'm sure you voted Republican in the 90's...
 
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And that's the point...global sourcing.

Trump's not putting tarriffs on things to make them more affordable...

...he's doing it to repatriate the businesses and improve the manufacturing industries.

There's a price to pay, but it should mitigate.

It's funny how "free trader" you've become, Adam. I'm sure you voted Republican in the 90's...
Free trade isn't "owned" by a political party -- Smoot and Hawley were Republicans (isolationists, to be specific), they came up with the disastrous tariffs that extended the great depression.

Conversely, Bill Clinton signed NAFTA in conjunction with some Republicans in congress.

So it is nuanced.

Back to the point of this thread: have you seen any price increases in optical goods yet? I would imagine as inventories wind down and manufacturers have to purchase new raw materials, that's when price pressures will really start to show.
 
Conversely, Bill Clinton signed NAFTA in conjunction with some Republicans in congress.
I recall Ross Perot discussing NAFTA at length. Remembering those white boards and his pointer.

There was discussion about a "giant sucking sound".

Ahhh, I found it:

 
I recall Ross Perot discussing NAFTA at length. Remembering those white boards and his pointer.

There was discussion about a "giant sucking sound".

Ahhh, I found it:


Why then is not everything made in Mexico? Why do we import so much from China which is all the way on the other side of the earth?

Because instead of paying $1 an hour in Mexico, like Mr Perot suggested, corporations can hire people to work for $1 a DAY in China! And again...without all that pesky healthcare and sick time and retirement plans.

This is why I believe that these tariffs are bound to fail. Even if you temporarily repatriate some auto manufacturing jobs, it's not going to help if the cost of your product increases several thousands of dollars, making it unaffordable for a chunk of the population and then oopsie, here comes thousands of layoffs.

How many of you are using "virtual assistants" or "virtual scribes" in your office?

Why? Because you can pay them $10 an hour instead of the $15 you would have to pay a live human here. Maybe we need a 25% tariff on Hello Rach. Let's repatriate those optometric scribe jobs!
 
Back to the point of this thread: have you seen any price increases in optical goods yet? I would imagine as inventories wind down and manufacturers have to purchase new raw materials, that's when price pressures will really start to show.
Just got in an RGP made in Canada. Price and turnaround time about same as usual. Wondering if the next order will be different, though.
 
Why then is not everything made in Mexico? Why do we import so much from China which is all the way on the other side of the earth?

Because instead of paying $1 an hour in Mexico, like Mr Perot suggested, corporations can hire people to work for $1 a DAY in China! And again...without all that pesky healthcare and sick time and retirement plans.
Mexico is not a particularly industrialized nation, when compared to China. It's a third world economy and government. They can only do so much.

Using your example, what is $1/day vs. $8/day? Nothing. That's irrelevant. The labor market in China is yuge. 130 millon vs. 1.4 billion.

This is why I believe that these tariffs are bound to fail. Even if you temporarily repatriate some auto manufacturing jobs, it's not going to help if the cost of your product increases several thousands of dollars, making it unaffordable for a chunk of the population and then oopsie, here comes thousands of layoffs.

It's not just labor costs. It's energy costs. It's regulation. It's infrastructure. It's monetary and tax incentives.
 
While waiting for the Trump Tariff Plan an understanding how tariffs will affect most lf your patients.

A report in the the 4/2/25 digital Time Magazine to assist in ODs for practice planning for 2025...


How Trump’s Tariffs Will Impact U.S. Consumers

[COLOR=rgba(0, 0, 0, 0)]
Solcyré Burga

by
Solcyré Burga

REPORTER
US-MEXICO-TRADE-TARIFF

Trucks coming from Mexico enter the United States to an inspection station after crossing the border in Otay Mesa, California, on April 1, 2025.Sandy Huffaker—AFP via Getty Images[/COLOR]

International trading partners and U.S. consumers alike are watching closely for what President Donald Trump does on April 2, which he has dubbed “Liberation Day.” That’s when the President will announce a sweeping set of reciprocal tariffs—which involve levying taxes on imported goods at the same rate that U.S. exports are taxed.

President Trump has claimed that such tariffs would increase domestic jobs and bring companies back to the country. But his policies could upend existing trade relations and will come at a hefty price for the American consumer.


“This is a prelude to act one of a global trade war. Then, I think we will see the reality as not America first but America alone,” Brown University economics professor Şebnem Kalemli-Özcan told TIME. “Nobody will want to trade with the U.S. and nobody [will] want to do business with the U.S.”
Typically, the cost incurred by companies hit with tariffs is passed down to the consumer. The price of electronics, for example, will rise by some 10% based on existing tariffs, according to the Budget Lab. Now, everything from apparel to wine is in Trump’s crosshairs.
Low-and-middle-income Americans will face the brunt of the tariffs, research shows. Experts say that many families do not have enough financial income to smooth out the shock of the increased prices of goods.


Ad Choices

The expected tariffs come after Trump signed a presidential memorandum in February calling for fairness in U.S. trade relationships. “Gone are the days of America being taken advantage of: this plan will put the American worker first, improve our competitiveness in every area of industry, reduce our trade deficit, and bolster our economic and national security,” the White House fact sheet reads. The trade policies are also part of a broader effort by the Administration to raise funds to counteract the tax breaks given to the wealthiest Americans.

But tariffs alone can’t fix the U.S. trade deficit. Kalemli-Özcan says that the tariffs will isolate American companies, making them lose access to foreign innovations and technological advances. Without policies to promote domestic manufacturing, industries would be disrupted. “Starting a whole industry, [and having] it come up to scale so that you really satisfy demand of all U.S. consumers—that's going to [take] nothing short of a decade,” she says. “At that point, we are going to have a very sluggish economy because we killed the dynamics of our economy.”


The exact details of the new reciprocal tariffs remain unknown. But there are a few general ways they might hit the average person.

Even before the new tariffs are announced, China, the world’s largest trading partner, is facing a 20% tariff, which increased from the initial 10% tariff imposed in early February. On the campaign trail, Trump teased a potential tariff of 60% or higher on all Chinese imports. The Committee for a Responsible Federal Budget U.S. Budget Watch, a nonprofit, estimated such a tax would eventually cause a loss in U.S. revenue as the high tax would likely decrease imports from China by some 85%. China is the largest supplier of goods to the U.S., sending telephones, computers, and electric batteries—meaning the prices of those products will increase.

China has retaliated with a 15% tax on U.S. agricultural products such as chicken and wheat, while soybeans, pork, and fruit will see a 10% tariff. China’s government has also blocked a number of U.S. companies from operating in China, the New York Times reported. The actions put the livelihood of farmers at risk as local Chinese suppliers may seek alternatives to the goods imported from U.S. “This is not something the U.S. holds all the cards in,” Kalemli-Özcan says. Chinese traders can opt to purchase foreign fruit and poultry from other countries, while U.S. farmers may not be able to find other buyers as easily.

Trump, however, indicated that he could decrease tariffs on China as a bargaining chip for the sale of TikTok, which must divest from parent company Byte Dance and find a U.S.-based owner by April 5.
Meanwhile, Mexico and Canada—the two biggest trading partners of the U.S. which have historically been close allies—are facing a 25% tariff on all goods.

The Budget Lab, which modeled the effects of such tariffs, estimatesthat the cost of fresh produce in U.S. grocery stores will increase by 2.9%. Avocados, about 90% of which come from neighboring Mexico, would certainly increase in price. And prior to the announcement of the 25% auto tariff, the report found that motor vehicle prices for U.S. car buyers could rise by 6.1%.

In the end, consumers and companies will remain in limbo as the Administration continues its fluctuating tariff policy. “The uncertainties are telling the consumer ‘don't consume,’ telling the businesses ‘cut your investment…do not hire new workers,’ because [of] the outlook,” Kalemli-Özcan says. A recession might not come as a direct result of the tariffs, but she predicts a definite “slowdown in economic growth” from such policies.
 
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I am not economist expert and I don't have any highly coveted references, but it would seem that a tariff phase in over a period of years would give companies time to build production facilities without being disruptive to supply resulting in shortages or big price hikes.

For example the american built cars having a big price hike because of new tariff induced demand.
 
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I am not economist expert and I don't have any highly coveted references, but it would seem that a tariff phase in over a period of years would give companies time to build production facilities without being disruptive to supply resulting in shortages or big price hikes.

For example the American built cars having a big price hike because of new tariff induced demand.
So far no one has discussed has discussed the increase in cost of using American labor versus fraction of cost using overseas labor.
 
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I am not economist expert and I don't have any highly coveted references, but it would seem that a tariff phase in over a period of years would give companies time to build production facilities without being disruptive to supply resulting in shortages or big price hikes.

For example the american built cars having a big price hike because of new tariff induced demand.
This is why you never (NEVER) just decree a 25% tariff overnight - it will lead to inflation, trade wars, and depressed demand.

There are so many unintended consequences at play if these tariffs stand.

For instance, GM makes a small SUV that's assembled in Mexico, but has mostly (70% ?) US parts, ie, parts and assemblies made by suppliers in the US. That car is going to have a 25% tariff, thus hurting (or financially destroying) those US based suppliers as demand for this car dries up.

Cars are complicated. Supply chains are complicated. Suddenly shocking a system this way is not good.
 
This is why you never (NEVER) just decree a 25% tariff overnight - it will lead to inflation, trade wars, and depressed demand.

There are so many unintended consequences at play if these tariffs stand.

For instance, GM makes a small SUV that's assembled in Mexico, but has mostly (70% ?) US parts, ie, parts and assemblies made by suppliers in the US. That car is going to have a 25% tariff, thus hurting (or financially destroying) those US based suppliers as demand for this car dries up.

Cars are complicated. Supply chains are complicated. Suddenly shocking a system this way is not good.
What's the tariff percentage Mexico places on goods the US sends them?
 
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So far no one has discussed has discussed the increase in cost of using American labor versus fraction of cost using overseas labor.
Because this is not new.

Things like requiring companies to provided health insurance to their employees and raising minimum wage contributed to the huge disparity in the cost of labor long before tariffs came into the picture. And that is not even mentioning the slave like labor used in countries like China where workers make little or even nothing in some places.
 
It is a slippery slope. If all American goods are made by foreign companies with their workers, were will our non college grads work? Will our country still have an ability to produce products? Will we have the know how and the skill to be able to build tanks, fighter aircraft, micro chips, or even ventilators are were called for during covid?
 
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So we can't tarriff them, but they can tarriff us.

All you nouveau "free traders" out there...why aren't you DEMANDING that ALL TARRIFFS WORLDWIDE be dropped?

You know, just FORCE China to drop their tarriffs, so you can have the free trade that you want?
 
I still find what Russia did to be slightly genius. All the 'foreign' companies left after they invaded Ukraine. Russia then bought all the factories and rebranded things to russia owned and operated companies.

like it or not, this is why the russian economy was affected almost zero after all the sanctions were enacted.
 
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I still find what Russia did to be slightly genius. All the 'foreign' companies left after they invaded Ukraine. Russia then bought all the factories and rebranded things to russia owned and operated companies.

like it or not, this is why the russian economy was affected almost zero after all the sanctions were enacted.
I don’t think the foreign companies had much choice about leaving or selling. They were mostly confiscated. Like all the airliners the Russians confiscated.
 
I don’t think the foreign companies had much choice about leaving or selling. They were mostly confiscated. Like all the airliners the Russians confiscated.
no, they all announced a voluntary withdrawal. include giants like Ikea

problem is they left massive built-out stores and inventory. Coca-cola left and had large manufacturing facilities.
McDonalds now goes by a different name.

they still owned them. and chose to sell to Russian based 'entrepeneurs'

some companies chose to stay.

(btw, to be very clear. a personal friend was driven lfrom his house where bombs were literally landing close enough that I could hear them in the background. he trades forex professionally and said 'eh, its not something I dont expect around here'. he fled to western ukraine then eventually out of the country. another friend of a friend who is russian was forced to leave russia for not supporting the war. newsflash: you go against russia as a russia and you will be silenced. so not saying the russian war is good or bad. saying it had *possibly* and unintended consequence of taking more control of most things within the country)
 
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Hang on to your hat and wallet...

Breaking news in the afternoon 4/2/25 New York Times...

Trump unveiled sweeping tariffs on nearly all imports

President Trump announced this afternoon that he would impose new tariffs of at least 10 percent on all goods imported into the U.S. from every country other than Canada and Mexico. He also promised steep additional levies on dozens of countries that he claimed had been unfairly taking advantage of America. Here’s the latest.

Together, the new tariffs are by far Trump’s most expansive to date. They include a 34 percent fee on goods from China — on top of the 20 percent already placed on Beijing — as well as a 20 percent fee on goods from the E.U. Once in place, they are likely to upend global trade and incite retaliation. My colleagues are covering the reaction from around the world.

“Many people had been expecting the president to announce high tariffs today, but the numbers that he just revealed are stunning,” our trade reporter Ana Swanson said. “That will likely force some manufacturing back into the U.S., but also raise costs for American consumers and manufacturers.”

White House officials said that the 10 percent base line tariffs will go into effect on Saturday, and the additional “reciprocal” rates on April 9. Canada and Mexico will not be hit by the new measures, though they will continue to be subject to a 25 percent tariff that Trump imposed on many of their products last month, in addition to separate global tariffs on steel, aluminum and cars.

Trump, who has described tariffs as “the greatest thing ever invented,” seemed to relish detailing the high fees. He described the rollout event in the Rose Garden as one of the most important moments in American history.

Many economists — even those who say Trump has a point about America’s unfair trade relationships — warn that the tariffs could cause substantial collateral damage and backfire on the president’s goals for jobs, manufacturing and the economy. The E.U., for example, could strike back against the U.S. service sector. The early market reaction pointed to a further slide in the stock market and a weakening dollar.
 
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Markets are not happy. SP500 is down 2% and Nasdaq down 2.7% at this time in after hours trading. Huge spike in selling volume.
As a resident of Ontario how do you think will be the Province Government reaction?

On March 11,2025 this almost happened...

Here are the U.S. states that get electricity from Ontario, as Trump’s trade war gets new twist

Ontario’s leader imposed a 25% tariff on electricity exports to the U.S. and threatened to cut them off entirely — but then suspended the surcharge Tuesday afternoon

 
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.
At the end of February the lead on this topic has led to some great discussion.

No need to be a PhD Economist or an MBA to understand ramifications

Time to become proactive assuming no less than 10% inflation in the short term.

Will Vision Care Plans increase their payments? Can you add a surcharge on to your fees. Some Auto dealerships will be placing a surcharge on to the sticker price of their Autos.
 
1743633639841.png
 
Markets are not happy. SP500 is down 2% and Nasdaq down 2.7% at this time in after hours trading. Huge spike in selling volume.
Well,

We are about to see trillions of dollars of American’s wealth wiped off the books and trillions more in market capitalization of American companies vaporized so………it’s going to be interesting times.
 
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Looks like he's already issued an exemption for semiconductors. I suspect if we have a blood red day in the market tomorrow that suddenly more and more things will find themselves exempted.
 
Well,

We are about to see trillions of dollars of American’s wealth wiped off the books and trillions more in market capitalization of American companies vaporized so………it’s going to be interesting times.
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!
 
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As a resident of Ontario how do you think will be the Province Government reaction?

On March 11,2025 this almost happened...

Here are the U.S. states that get electricity from Ontario, as Trump’s trade war gets new twist

Ontario’s leader imposed a 25% tariff on electricity exports to the U.S. and threatened to cut them off entirely — but then suspended the surcharge Tuesday afternoon

I don’t expect a response from Canada right now (beyond what has already happened) because Canada wasn’t really targeted today. Looks like it’s the same for Mexico.

1743636130459.png
 
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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!
A stock is supposed to represent the value of all future cash flows.

So if the price is dropping it is because the fund managers (who control much of the market) feel underlying equities are fundamentally worth less. It won't be the same across all equities.

Take Wal-Mart for example -- if a 34% tariff against China is enacted, Wal-Mart is absolutely and thoroughly screwed, possibly for years or decades, since basically everything they sell is from China, and their typical consumer simply can't afford to pay more.

Their cash flows will necessarily drop. If my job as analyst is to decide whether or not to "hold" or sell, I know what I'm doing in the face of that data ...
 
A stock is supposed to represent the value of all future cash flows.

So if the price is dropping it is because the fund managers (who control much of the market) feel underlying equities are fundamentally worth less. It won't be the same across all equities.

Take Wal-Mart for example -- if a 34% tariff against China is enacted, Wal-Mart is absolutely and thoroughly screwed, possibly for years or decades, since basically everything they sell is from China, and their typical consumer simply can't afford to pay more.

Their cash flows will necessarily drop. If my job as analyst is to decide whether or not to "hold" or sell, I know what I'm doing in the face of that data ...
You’re cherry picking to prop up your argument & ignoring many market factors & how often in history stock price doesn’t follow any of these rules.
 
You’re cherry picking to prop up your argument & ignoring many market factors & how often in history stock price doesn’t follow any of these rules.
No, over time the market cap of a company (the share price x all outstanding shares) is supposed to represent the value of all future (discounted) cash flows. This is finance 101, it is how stocks are valued. Short-term fluctuations may be due to psychology or other factors, but in the long run, all that matters are discounted cash flows. This is what analysts will look at when making long-term investments.

The massive drop today isn't some sort of conspiracy - it reflects a consensus of business analyst's best reflection of reality in the light of a rapidly worsening economy.

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https://finance.yahoo.com/news/live...ng-tariffs-rip-through-markets-000611007.html

Stock market today: Nasdaq futures lead stock plunge, Dow drops 1,000 points as Trump's punishing tariffs rip through markets

US stock futures plunged after President Donald Trump announced 10% tariff on all US trading partners, sending shockwaves through markets and the global trade order.

Futures attached to the Dow Jones Industrial Average (YM=F) tumbled 2.4%. Futures attached to the benchmark S&P 500 (ES=F) plunged 3.6%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) sunk 4.5%.

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This was as of 1 hour ago, I am really not looking forward to what happens tomorrow morning.