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.
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.
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.
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 they want to kill the CHIPS act, which was going to build some of that local supply.
And beyond that, it will incentivize further automation rather than more blue collar jobs.
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.
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.
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.
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.
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.
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.
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 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.
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.
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
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’
Duuuh. Did they really think the company would just eat the additional costs? What a bunch of maroons.
They thought the exporting country/company would pay for it.
and without raising the price they sell it at. which is just many millions of sad examples of how ‘effective’ the republicants war on public education has been.
The good thing about Trump is that other countries will try to get more independent from the US.
I have a trick to get others to pay it for me:
I’m very glad I live in Canada.
Over 51% of men are voting for Poilivre in the next election. That’s across all age groups. We’re where we usually are: 5-10 years behind something the US is doing.
I hate to say it but the NDP need to replace Singh with someone more charismatic.
There’s too much Trudeau hate for the Liberals to have a chance. Too many people will be voting “anything but liberal” this election because they blame Trudeau.
Right now conservatives feel like the only other option because there’s also enough racists to not to vote for Singh.
We need another NDP leader like Jack Layton that people will see as a symbol of change or we’ll be following in the Americans footsteps.
I’m not sure, USA is way too close for comfort
The USA screwing up trade never leaves Canada in a good spot. Our prices will go up too. And we’re about to suffer the same effect of mass ignorance after the next federal election when the voters elect a populist bigot with no idea how to run a country. We’re already suffering it in the provincial governments. Plus the bigots in Canada feel empowered to get loud and violent when the Americans are all doing it. I’m glad not to be living in the USA but we’re not looking forward to fun times.
I’ve heard that y’all have your own far-right, MCGA bullshit to deal with. Do everything you can to stop it. Get involved with as many organizations as you can and get as many people involved as you can. “It’ll never happen here” is complete and utter bullshit. Good luck, Northern brethren.
I live in Alberta. Our premier is basically Marjorie Taylor Greene.
And Walmart will but only by a tinsy tiny bit. That’s why they’re coming out and saying this.
