CanuckSigns
Active Member
this 100%And that works for commodity items like signs.
So as a sign shop you have 2 choices - raise your prices and not take a loss... Or keep your pricing the s and and eat 15-20% loss on certain items - some ships can't afford to do that. So employees get let go, or wages stagnate, and people can't afford food / other necessity items that have a big price increase.
Signs are not the only thing going up - look up how much food is imported, how much fruits are imported.... Or how much potash to make your domestic fruits / farmland is imported.
Even stuff that are made in America, are rarely 100% American.... Somewhere along the chain it's using foreign product that's had an increase in price, which is why everything goes up.
Most business owners understand they can't just take a 10%, or even 5% hit in Proffit... Some industries may be able to handle that, but a lot can't.
Another thing that is often overlooked, even domestic manufacturers are raising their prices, they are seeing a huge increase in orders due to the tariffs, and as a result can not keep up, basic supply & demand dictates when demand outpaces supply, prices increase. This MAY be a temporary measure if someone else sees the opportunity to open another american widget factory, but these things don't happen overnight, and if the market is used to paying 20% more for widgets, where is the incentive to sell them for less? There was a member on here who used to chime in on threads where someone was asking how much they should charge for a sign, his answer was always "as much as you can while keeping a straight face, then add install" same applies here, if the market is used to paying $8 for a cup of coffee, why would you go in and sell yours for $7?