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this post was submitted on 23 Nov 2024
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I think a lot of their food items aren't from China, and a few random things are even domestic. I think they sell Lodge cast iron pans, which are fully made in America.
I think his "plan" is a really big tariff on China and a moderate one on every other country?
That's my understanding as well.
But, as the original comment suggested, it doesn't really matter.
If every other cast iron pan goes up 15% in price, what do you think Lodge will do?
keep their price the same, see modest relative increase in market share with a demand for investment in additional production, knowing full well the tariffs aren't going to be permanent leaving them over-invested in production whenever they drop the tariffs.
Also raise their prices by 15%, immediately show increased revenue at no additional cost to shareholders next quarter. CEO gets massive bonus.
I would imagine production cost for lodge could go up since they source the material from scrap yards and if the cost of iron in general goes up because a percentage of it is imported than the cost of scrap should increase as well.
I agree with you. In addition to what you are saying, if Lodge exports to other countries and these countries fire back with tariffs of their own, there will be increased pressure to raise prices in the US to make up for the loss of revenue abroad. I'm not from the US and don't know if that is the case for Lodge specifically, but it will surely be the case for a lot of US brands
Lodge doesn't have shareholders, they're family owned.
That comes with its own caveats, but they're not the same ones you get with publicly traded companies.
I didn't know Lodge only used American iron - do you have a link to that somewhere? I tried finding it on Google but couldn't. It'd be useful to have handy when talking to the "America doesn't manufacture anything anymore" crowd