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.
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.
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.
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 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
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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.
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?
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 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’
The good thing about Trump is that other countries will try to get more independent from the US.
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.
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’m not sure, USA is way too close for comfort
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.
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.
And Walmart will but only by a tinsy tiny bit. That’s why they’re coming out and saying this.
