China will pay for the tariffs in the same way Mexico paid for the wall.
The I voted for him for cheaper eggs crowd are about to call this fake news.
I was promised cheaper eggs.
Mango Mussolini’s tariff plans will increase prices across the board. The corporations earned record profits during the so-called inflation and the US consumers that voted for Cheeto are fucking clueless about the inbound out of control freight train.
Yeah, I mean I knew that, you knew that, Americans are so uneducated that the majority had no idea how basic economics work.
Well FAFO, we’re all going to learn the hard way I guess.
And fuck those of us who already knew the lesson. Its like school but without getting to go home at the end of the day. And just like school, the kids who need it probably wont pay attention
100% guarantee price raises across the board, even for stuff not affected by tarrifs/mass deportation labor shortages.
It’ll be covid all over again, an excuse to price gouge the fuck out of those who can least afford it.
Wonder who they who are they gonna blame then?
If companies are going to suck consumers dry just because they can, they’d better put Republican’s name on it.
They won’t.
Realistically though, that’s how tariffs just work. With products costing more, theoretically that should drive demand down and eventually lead to fewer imports. Of course, if there’s still no competing product or the product is a basic necessity, then it’ll likely just result in people paying more.
Working tariffs make importing goods so expensive that manufacturing them nationally is viable. There are definitely areas where tariffs make sense, e.g. you have or want to build an industry that’s competing against a subsidized industry from another country. Tariffs are one way to help with that.
But we all know that’s way too much thought for him, which probably boiled down to “China bad”… which I’m not necessarily disagreeing with fully… but for reasons that tariffs aren’t necessarily an answer to.
Working tariffs make importing goods so expensive that manufacturing them nationally is viable.
The lack of American subcompact trucks is evidence that this is false.
But the question is, will American manufacturing make up for the costs? Or, will American manufacturing just raise their prices to match the tariffs and lump the profits into their executive bonuses. They deserve it after all for being smart enough to raise prices.
Uff the country that loves to buy temu crap is forced to buy american crap
During his first term Trump put a tariffs on Washing Machines. The price of imported washing machines went up. The price of domestically manufactured washing machines was also raised. Even the price of dryers — which didn’t have a tariff — went up on both imported and domestically manufactured appliances.
I have yet to see an economist that thinks Trumps tariff plans will benefit the working class.
American manufacturing CAN’T, it would take years, decades honestly, to get back the capacity to make all the crap we’ve outsourced to other countries.
And this is the absolute brain rot fantasy of tariffs that I keep explaining to these idiots, and keep getting blank stares or awkward silences.
Tariffs are 100% punitive, without a domestic/alternative sourcing strategy. They can work long term to reduce a foreign nation’s competitive advantage in an industry while allowing a domestic industry space to exist, but that only works if there’s a domestic industry that already exists (at enough scale to meet demand) or a long term government program to nurture and build those industries - education/vocation training, regulatory concerns, infrastructure development, raw materials availability, etc
Tariffs Chinese steel/electronics/machine tools/etc into oblivion? Either buy the imported at a high price, or buy the domestic at a slightly less high price - but the cost is always carried by the consumer no matter what.
And then there’s the ensuing trade war that always happens, with the countries retaliating with their own tariffs to the US. Tariffs are a lose-lose scenario, just like they were in 2019.
And they want to kill the CHIPS act, which was going to build some of that local supply.
IMO that’s the height of economic policy stupidity because if/when Taiwan gets invaded, China will own nearly all semiconductor manufacturing outside of the highest end fab houses such as Intel or GlobalFoundries. The future of domestic manufacturing is high tech or specialty like Corning glassworks or L3-Harris, even car manufacturers get beat out by imports with our current tariff structure
And beyond that, it will incentivize further automation rather than more blue collar jobs.
This is largely accurate unfortunately. A good example is Apple. They tried to make a high-end desktop computer manufactured in the US. To do this they needed a specific type of screw. In the area near their factory, they only found one machine shop that could make the screw and they could guarantee an output of 50 screws per day after a 3 week lead time to tool up. And that was the final offer.
When they finally moved to China, they submitted the same request. Multiple vendors appeared offering thousands of screws per day and if they wanted to place a bigger order the company would set up a new factory just to produce those screws and could output tens or hundreds of thousands per day depending on requirements.
Another example is the iPhone and Gorilla Glass. There were a few Chinese companies in the running to manufacture the glass panel that would go on top of the phone. The one that got the contract, in anticipation of getting the contract, had already purchased the machine to form the glass and had samples ready for inspection at the contract signing.
We have allowed our business climate to become so bogged down in red tape and liability and lawyers and insurance, that most American companies are simply unable to execute at the same speed as China when it comes to manufacturing.
I would absolutely love to get more manufacturing back in the US. But the process of outsourcing is not going to get unwound overnight. It took two decades to move everything to China, even if the whole country agreed that was a mistake it would take another two decades to bring it back. Because as the Apple screws demonstrate, it’s not just about the factory that produces the widget. It’s about everything that goes into that factory, the companies that make the parts and the screws and the plastic. When you deal with China, they are all right there and they are all ready to go. Same can’t be said for the US.
I was sorta on board until you blamed regulations as a reason businesses can’t have manufacturering I. The US.
Regulations are written in blood. Stop pretending like a living wage and no slave labor is a bad tbi g inhibiting production.
Tarrif the snot out of the slave wage countries.
While youre correct, it’s worth noting that alot of the reason China can outmanufacture us is the lack of those sane regulations. Nets for suicidal factory kids and all that. Thing is, the tarrifs also arent just being applied to slave wage countries, but the entire world basically
If.some other countries are any indication, not only will they raise the prices but they will raise it way more than the tariffs and just blame on tariffs and with time people will just think that is they way it is. “X cost 3 times as other countries? That is because the tariffs” no mind that the tariffs is like 50% and not 300%. Like they already do with gas prices. Gas go up immediately when oil prices rise but only goes down, if ever, for new stock.
That is exactly what US steel did in response to the steel tariffs back in Trump round one.
I think we know
I think you guys know.
Haha number go up again
Everything he will do contributes to anger, division and the collapse of the United States.
People will be angry but angry at the wrong people. No, let’s not be angry at the guy for actively destroying everyone’s lives. Let’s be angry at blacks. Or gay people. Or transgenders. Or police. Or scientists.
Fucking dumb Americans.
Fuck Walmart.
Who did you think was going to pay it? What do you think tariffs are for?
The consumers should pay. And they should be given all their baisc need so they dont need to shop there
We’re going to be fighting nationwide abortion bans, unmitigated repeal of the ACA, and worse for the next 4 years.
You can forget about universally meeting basic needs.
How about “fuck the idiot who thinks tariffs are paid for by anyone except the consumer.” Your money is going to be worth a lot less over the next 4 years because a moron doesn’t understand how tariffs work.
Nah, we should be paying tarrifs from goods imported from countries with terrible labor laws.
But we also need social services like UBI to provide free housing and food and clothing.
Let’s not kid itself into thinking blanket 100% tariffs are a remotely smart way to implement tariffs on China. People that knew about Trump’s 100% tariff plan when they voted for him are usually in two camps.
The camp that a) thought the plan was bluster like the wall, or b) they are too uninformed to know that China doesn’t pay these. Americans purchasing from China pay the taxes.
No matter how you slice it, it simply ends in America’s living with a “lowered” quality of life. The reason we buy things from overseas is because it was cheaper and nobody wanted to pay for the expensive American version. Even the current high-end American products we have will find themselves struggling when people have to pick and choose what they can afford going forward.
I’m also a little indifferent about the whole thing. I just think its going to be hilarious if it goes down and people end up struggling even more after voting Trump. I’ll have my schadenfreude-popcorn ready constantly to munch on over the next four years.
Lowering your quality of life when that wealth is stolen, built on the backs of oppressed people, or causing climate change is both necessary and just
I feel you, but also, they’ll have less money too. Some of them will lose jobs and go hungry in the interim, and I’m not going to try to argue where the “appropriate” starvation balance is. But it -will- happen.
Soup kitchens.
There are two bright sides to this (and dark sides as well):
-This will decrease demand of Chinese goods in the U.S., hurting a country that is … problematic to say the least. (Anyone remember the Uyghurs? The O.G. Gazens?) It probably won’t shift demand back to the U.S. factories, but maybe it is time for another country to become the slave-labor-ish manufacturing capital of the world.
-When the prices skyrocket, along with food from all the missing immigrant farm hands, Trump will get blamed. I just hope this wasn’t the plan all along and those “fake” inflation hikes back after covid weren’t to cover for the real ones down the road.
Trump will get blamed
Oh honey…
Trump will get blamed
Ha, ha, ha, he will blame Biden, or immigrants, and his moron supporters will believe him just like they have when he lied the other thousands of times.
Trump will get blamed
Like they blamed him for his COVID-19 response?
If that didn’t get through… honestly, I have no idea what would. Americans are just stuck in their feeds and divorced from reality now.
They’re planning on 10-20% tariffs on all imports. China is 60%.
When the prices skyrocket, along with food from all the missing immigrant farm hands, Trump will get blamed.
i really hope you’re right, but i think that will most likely get blamed on biden “ruining the economy” in his last term, or something in that vein. a lot of trump voters get their news from fox news or directly from donald trump, and i can’t imagine either of those sources criticizing trumps economic policies.
Funny that we both posted the same concern at the same time.
i’m glad that we both realized that 17 minutes ago was the perfect time to post that comment
When the prices skyrocket, along with food from all the missing immigrant farm hands, Trump will get blamed.
In all likelihood, only a small percentage of his voters will actually blame him for the predictable consequences of his tariffs. The rest of them will believe Trump when he blames it on Biden’s economic policies that were put in place before Trump’s second term. Our egos have a funny way of making us do mental gymnastics to avoid having to accept the idea of oneself being wrong.
No shit.
This is literally in the first paragraph of every economics textbook when they talk about tariffs.
My friend just got into a fight with some MAGATs on facebook about why we need things like civics education so we know what we’re voting for.
You’ll be shocked to learn the MAGATs called him a communist for daring to want to educate them. They don’t even want to open the textbook let alone read it.
Donald Trump didn’t win the Presidency by reading textbooks.
How do you get by in life without reading? I mean, don’t you have to know what the symbols on clocks mean to tell time?
don’t you have to know what the symbols on clocks mean to tell time
not all types of clocks.
Numbers aren’t words duh.
“Today’s show is brought to you by the letter 3!”
And you don’t need a textbook to understand how the very basics of business work. You know, the thing people seem convinced he understands? A fucking toddler has more knowledge than Trump. The United States of America doesn’t have two brain cells to rub together
They heard lower taxes, and simply misunderstood that tariffs are another form of taxation.
They heard that from a proud liar. It’s not a secret he lies constantly
They heard whatever they wanted to hear, because that rambling shitgibbon said everything to everybody.
He won it by taking bribes from billionaires, like a true politician
He won it because Biden sabotaged the democratic electoral base for four years.
Trump lost 1m vote 2020-2024, dems lost 12-10m.
Thats what happens when you undercut your own base and key demographic allies.
deleted by creator
Nobody who voted for Trump read that book homie.
Nobody who voted for Trump read[s]
that book homie.Fixed that for ya
No, the first page is how it introduces inefficiencies into a supply/demand equilibrium, resulting in a lower quantity supplied and at a higher price.
No one who every studies economics, even in passing, would even consider another country paying a tarrif for something you buy. The concept is just… what?
Yeah, the, misguided, idea is that the increase in price from imports will drive domestic production, of those things, as the high prices reduce demand, and cut into profit margins. This used to be something that was a sensible assumption of what would happen. However the contemporary world has far too much infrastructure for tariffs to truly work like that any longer. It will, usually, be cheaper to increase the costs for the tariffs, than to restructure back to domestic production.
Clearly we need to add those to the banned books list
Pretty sure everyone was told this before the election.
Problem:
“Harris outperformed Biden’s 2020 numbers among white voters with college degrees. Meanwhile, exit polling from NBC News gave Republicans a 9-point gain with voters who never attended college.”
I bet a big portion of that 9% shops at Walmart.
Would been smart for Wally’s bottom line to maybe tell their customers about this before the fucking election.
They do not care, and the Waltons probably like Trump. They’ve got their money already. Waltons don’t care about America; they’ve been in bed with China since Sam died & they’ve been gobbling up the excessive profits for years. Cheap Chinese goods for low-ish American prices.
They don’t care. The owners of Walmart are some of the richest people in the world. So like all rich people they just figure they’ll hike prices and people will still pay (and they’ll have to, because Walmart tends to drive all its competitors out of town).
‘I love the poorly educated’, donald j trump, feb 2016.
Thing is, basic economics is a high school subject, except:
“Sir, when am I going to have to know how tariffs work in the real world?”
You had econ in HS? Mine had it but it was only an elective.
I don’t think mine even had it as an elective. We were too busy spending 2 years of history classes learning how nice the Pilgrims were to the natives. And this was in Massachusetts, which I believe ranks #1 in education in the US.
#1 in education.
And also the only state in the country where every precinct voted for Harris.
Surely that must be a coincidence, right?
Basic economics was not a required class in my high school. Macro and Micro Economics were both electives.
tariffs, trade wars, and their effects surely were covered, or at least touched on, in a history class or two.
Hmm maybe my highschool was far below average then
I was the idiot who though skipping school to partake in smoking weed was the better outcome of studying at school, although I do partially blame being bullied at school for me avoiding it.
A simple google search would have many credible sources giving the answer to what tarrifs are.
But to the magats, only fox news has the truth.
Harris lost demographics impacted by Biden policies. She failed to disasociate herself with a candidate that his own base wouldn’t support.
Keep pushing this if you want dems to keep losing.
It’s a certainty, not a fucking "likelihood’. That’s how they work.
You mean there’s no chance that Wal-Mart might choose to absorb the increased prices out of the goodness of their hearts? :o
Well, the far-right courts made that illegal for publicly-traded companies, so, no.
just like mexico paid for his ‘wall’
