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- Not true at all. Vile lies spread by the Democrats.
- Okay, maybe it is true, but it’s actually a good thing.
- Okay, maybe the results are catastrophic, but it’s actually the Democrats’ fault. The solution is higher tariffs.
Rich get richer, poor people suffer. Americans are so f dumb i cant take it
Isn’t this exactly what Trump said Harris was gonna do and that he was gonna not do?
TIL, lots of Trumps voters don’t even know how tariffs work and thought the foreign companies are the one who paid those instead of the domestic buyers themselves.
Doesn’t matter who the tax is levied against. All costs will be passed on to the buyer. They should be familiar with this idea. It’s the Republican’s key talking point against business taxes.
Even if, did they think prices would just stay the same? Tariffs only work if production is moved back home, which for many industries won’t happen, which means costs will be passed on to consumers.
Also, the costs would still be passed on to consumers even if the production was moved back home, because it will cost more in general. And gotta keep those profit margins up.
It will at least be extremely funny to watch all the right wing gamer bro chuds freak the fuck out when an immediate consequence of their actions will be that gaming pc components instantly inflate 50% in price.
Glad I already got my Steam Deck, fuck.
Bold of you to assune they won’t just blame Dems because it isn’t like reality matters.
20 years into the trump dynasty dictatorship, they will still be saying “thanks Biden” to every financial inconvenience.
They still blame Obama
I just said they would freak out.
Who they end up blaming is between them and their god emperor, I guess.
God Emperor*. I had to correct you or it would go against my Trump Score ™.
If you think that’s funny just wait for all the construction bros to discover that Milwaukee is now a Chinese company and their M18 HD12 batteries suddenly cost >500 a pop
And automotive guys figuring out a good chunk of their replacement parts are European.
Oh, that too. Most of these compact SUVs are built foreign because that’s where they generate the most revenue. Imagine hitting a pheasant in your Chevy, a pheasant of all things, and getting a 10k insurance estimate because it cracked your made-in-Mexico integrated LED headlamp assembly and split your bumper cover
but but… Orange men said it was good for the economy, now I have to pay 2000 Dollars for a 5090? Why aren’t they coming to America and produce here!?
Good luck spending 3000$+ on RTX 5090 graphics brick
Maybe we will finally get some optimised games.
Ahhaha, good joke.
No the future is everything is more expensive and worse quality.
Only without the cool tech :(
CHIPS Act? Never heard of it.
Oh, the thing Trump called “so bad” on Joe Rogan a couple weeks ago? He said that tariffs are his preferred strategy to force companies to build in the US. Maybe that was just rhetoric and you can’t trust it, but he did say it.
As it stands, CHIPS isn’t going anywhere, so at least Americans won’t be totally fucked.
I know these things take time, but it’s really hard not to be skeptical of CHIPS amounting to much. It reminds me too much of all the grant money given to telecom companies like AT&T and Verizon - supposed to be for improving infrastructure and implementing 5G, but they just pocketed the money as profit.
For what it’s worth, I agree with you. Most telecom infrastructure funding has been historically pocketed. There is a chance it does work, though.
If not, maybe the tariffs will help in the short term by minimizing profit from overseas supply chains and incentivize American manufacturing, causing a positive effect on the sector in concert with CHIPS (but I doubt it).
Everyone needs a lesson in how tarrifs work. Tarrifs are a tax on thing that US companies buy. They are intended to make foreign products more expensive to protect domestic producers. So, the American company pays the tariff. They then pass that tariff on to their customer, either another company or an American consumer. Then, the country that the tariff had been applied to applies offsetting tarrifs on American goods.
When the product that the tariff is applied to can’t be produced in the US, think advanced microchips or Canadian softwood lumber, Americans pay more but still have to buy the foreign product. With the softwood lumber tarrifs the cost of building a home with Canadian softwood lumber went up by tens of thousands of dollars and Canadian companies laughed all the way to the bank. American consumers paid more and Canadian companies made record profits because the US can’t produce enough softwood lumber to meet its needs.
So, the price to American companies and consumers goes up and the cost of American goods overseas goes up. Americans pay the tarrifs and American companies sell less goods overseas.
America loses.
But think of all the failing business that will be super cheap to aquire! /s
Oh I have no doubt that the Blackrocks and Birkshire Hathaway’s of the nation are absolutely throbbing at the prospect. Literally diamonds. Those dusty old corpses won’t need their hourly viagra until 2030.
Lol the stock market went up by like 15% since he won or something like that. The big banks and holdings groups are wayyy up, same for tesla which just broke 1 trillion.
Good. I hope he does it. Don’t let any of his yes-men or cronies tell him what a horrible idea it is. Let the whole fucking country burn.
Democrats, calling for deportations: Look at this disgusting tankie
… what
This post is about tariffs.
Democrats will stop calling for deportation when they see what kind of bottom line putting people in labor camps brings.
Where so you think American farmers buy their fertilizer? Where they sell most of their soy and corn sell to? Maaaaany companies are either buying or selling to/from China. Many will go bankrupt, bany will struggle.
China is strengthening ties with Russia to replace u.s trade, and it shows that Putin is laughing his ass off at how he played a whole country, other than his I mean
Can someone please explain to me why he STILL doesn’t have any understanding of how tarrifs work?
A candidate that expressed nuanced understanding of economic principles would have been less likely to win the election.
A candidate that instead promises answers that intuitively sound right. If imports are expensive, then obviously the big business owners will build domestic and give us more money. If you get rid of immigrants, then the business owners will have to pay more for citizen workers. Simple answers that are easier for people to believe in.
Attempts to explain nuance? That ranges from nerds overcomplicating things and/or those darned liberal elites trying to truck them.
This cuts both ways. In 2020 Biden won not due to a more sophisticated understanding of things, but simply because things were bad, and the other guy therefore was the obvious choice. So to overcome an incumbent, you just have to have people believe stuff is bad, and provide some believable explanation that you could fix it.
You’re making the mistake in that his intention is to improve things.
He doesn’t have to make things better, he just has to say he has made them better. That’s all he’s ever done and it’s worked.
yOu’Re FiReD
he STILL doesn’t have any understanding of how tarrifs work?
How do you STILL think this isn’t all intentional? They know what they’re doing. They don’t care if we can afford it or not. This is about the conservatives’ bottom line, lol. They don’t care about you, America, China or whether any of it works.
It doesn’t do anything for their bottom life because the tariff is something we pay TO CHINA
A tariff is what you pay to the government of the port of call to get the item you shipped.
When you pay $1000 for a DJI drone and it get’s to Seattle the US government says “pay us $600 or it goes back on the boat.”
The Chinese company sees literally zero impact other than possibly less orders and probably a wave of refused merch. Which they might keep some or all of the purchase price of anyway.
Russia wants to pit the US and China against each other to distract and destabilize them both. So all of this is great for Russia’s bottom line.
They’ll blame democrats for the price increases. Bet me.
Same as last time
Same as every time, this shit is so damn tiring
Should I buy a new phone now instead of waiting until next October?
Theoretically Samsung and Taiwanese phones won’t be hit bad.
Pixel is Chinese right?
If I’m not mistaken it depends on the precise model. Cause they contract manufacturing out to more than one place.
Isn’t thwre a single one RISC-V capable production line in the US? Imagine if Apple starts their own chip production.
There’s a reason TSMC does most of the world’s chip fabrication.
It’s complex and extremely expensive. Standing up a fab, in America no less, capable of handling Apple’s demand would be an astronomically expensive feat. Apple would never do this while TSMC is still an option. Even after the tariffs it would still probably be cheaper to use TSMC.
TSMC is for bleeding edge chip. 10nm and above are produced everywhere. Mostly 28nm, since it is the cheapest. It won’t be easy to build 5nm fabs but I bet still doable.
Brought this up to a friend who is very pro Trump and he said
“Part of trying to get industry back in the country (which we would be better off with) involves making imports less appealing.”
These people have no concept of geo politics and global trade. For example, we produce a lot of the world’s soy, that’s a major export, not many other countries do it on a large scale like that - so we cut the other countries some slack and tell them we won’t produce this particular good so you can have a hand in the global economy. Yes having the production here would be ideal as I’m all for it, but the world is so much more than Murica and they can’t see past their fucking noses.
It’s way, way more than that. Specialization and comparative advantage underpins the entire globalized economy which is the only way to allow us to get more for the same amount of labor. Without it, we simply regress. US farmers grow soybeans so that Chinese manufactures can make the tractors to allow the US farmers to grow the soybeans, and that only works with free trade. And in this scenario there is no one else making a tractor for anywhere near the same cost, and no one else who can grow such a large volume of soybeans, otherwise the trade probably wouldn’t be happening in the first place. And so the alternative is that both countries have to make both independently. And that is more expensive without the efficiencies of economy of scale, more expensive because of lower supply because we don’t have the capacity to produce that many tractors and China can’t grow that many soybeans, and more expensive because of the infrastructure costs being duplicated and spread out over less units.
And so we both end up with less tractors and less food that are more expensive. Now add in petrochemical fertilizers imported from Canada, steel and coal for the metal used in the tractor imported from Australia, all the industries that support them also getting caught into this, and where every one of those companies is tied into their regional, national, and the global economy. And that is just for tractors and soybeans.
We trade for almost everything. And every single item that we trade, we do so because it is cheaper than making it ourselves. Tariffs are an artificial tax on efficiency, and we are literally less prosperous with them in place. Some things are a matter of national security, of not allowing a foreign government leverage over your society, but we’re talking about his genius plan to put tariffs on literally fucking everything - soybeans and tractors, but also clothing, toys, electronics, appliances, vehicles, on and on and on. And a tariff on it will increase the price, because that is just how economics works.
And a tariff on it will increase the price, because that is just how economics works.
this is not very scientific.
The cost of getting the goods to consumers goes up. Does the consumer pay:
A) More
B) Less
C) The same
This election was decided by the majority of people in this country not being able to answer this very simple question
Edit: oh shit I didn’t even notice it was you lmao I see you’re still roleplaying The Person With The Worst Takes
why did the cost go up? what other variables are at play?
Good guess, but that wasn’t one of the options. Does the consumer pay:
A) More
B) Less
C) The same
I promise you, if you think about it for even a moment, this has a very intuitive answer
we can’t know
