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[-] CharlesDarwin@lemmy.world 1 points 2 days ago

Yeah, no kidding we'll be the ones paying the donvict tax.

[-] brucethemoose@lemmy.world 59 points 6 days ago* (last edited 6 days ago)

It doesn't even matter:

https://www.axios.com/2024/11/18/consumer-confidence-trump-republicans-white-house

Turns out, a lot of consumer mood is literally just people's social media feeds. Even if prices go up and QoL goes down, on average, consumers might feel better simply because Trump being in office makes them feel good.

I am not going to point out how monumentally problematic this is... Nope. There's definitely no bad precedent for that.

[-] CharlesDarwin@lemmy.world 2 points 2 days ago* (last edited 2 days ago)

Turns out, a lot of consumer mood is literally just people’s social media feeds. Even if prices go up and QoL goes down, on average, consumers might feel better simply because Trump being in office makes them feel good.

Well, we just were told that nearly all economic indicators pointing to a good economy was not "really" good because people just weren't feeling it. Even if things were actually better. Sure, not everyone is invested in stocks, so that's not really saying much and people don't really see how things like GDP are going to help them make ends meet. Understood. But nearly everything was turned around, or turning around, under Biden.

Still not good enough - the Democrats apparently did nothing for the price of eggs so voting for donvict was going to make things "better", even if they really won't. And now a whole lot of dipshits are saying everything is better, even though donvict is not in office yet. WTAF.

/facepalm

[-] brucethemoose@lemmy.world 1 points 1 day ago* (last edited 1 day ago)

It's even simpler than that, it's people being told what to think.

I think "people" speaking very generally used to not read a ton of news, heard stuff from the grapevine, and so on. "Elites" and news junkies had somewhat more monolithic sources.

And that's not true anymore. Nearly every "average" person's life is now dominated by a personalized feed, a podcast, TV, radio, chatroom, whatever, and it's having an outsized influence compared to their observations of reality now.

It's my belief that there's basically nothing Biden could have done to alter this (other than regulating algorithms, and it's far too late) and ultimately it's the DNC's fault for "taking the high road" and not playing the propaganda game.

[-] danc4498@lemmy.world 79 points 6 days ago

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.

[-] ansiz@lemmy.world 42 points 6 days ago

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.

[-] Milk_Sheikh@lemm.ee 42 points 6 days ago

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.

[-] bradinutah@thelemmy.club 14 points 6 days ago

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.

[-] A7thStone@lemmy.world 13 points 6 days ago

And they want to kill the CHIPS act, which was going to build some of that local supply.

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[-] coriza@lemmy.world 32 points 6 days ago* (last edited 6 days ago)

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 the 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.

[-] hydrospanner@lemmy.world 21 points 6 days ago

That is exactly what US steel did in response to the steel tariffs back in Trump round one.

[-] dgmib@lemmy.world 16 points 6 days ago

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.

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[-] HawlSera@lemm.ee 32 points 6 days ago

I feel like no one bothered to campaign against Trump.... until... AFTER he won

[-] nutsack@lemmy.world 17 points 5 days ago

thanks Walmart this is really good timing

[-] A_Random_Idiot@lemmy.world 48 points 6 days ago* (last edited 6 days ago)

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.

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[-] aesthelete@lemmy.world 35 points 6 days ago

China will pay for the tariffs in the same way Mexico paid for the wall.

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[-] rayyy@lemmy.world 38 points 6 days ago

Everything he will do contributes to anger, division and the collapse of the United States.

[-] NeoToasty@kbin.melroy.org 19 points 6 days ago

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.

[-] Suavevillain@lemmy.world 27 points 6 days ago

The I voted for him for cheaper eggs crowd are about to call this fake news.

[-] CharlesDarwin@lemmy.world 1 points 2 days ago

It'd be kinda ironic if eggs were about the only thing that didn't rocket up in price...

[-] ikidd@lemmy.world 18 points 6 days ago

Oh, I thought he was fixing inflation!

Wow, what a shocker! Who could have predicted how that turned out?

[-] archonet@lemy.lol 18 points 6 days ago

So nice of them to say this after the orange fuck was elected. Heaven forbid they tell their customers that when their customers could actually do something about it.

[-] acrayclay@lemmy.world 24 points 6 days ago

What incentive do they have to tell people that ahead of time? Instead of propping up the prices by 10% to deal with the tariff they can increase it by 20% and pocket the extra, then blame it on China. Worked during the Covid inflation, why wouldn't it work now?

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[-] GhiLA@sh.itjust.works 21 points 6 days ago

buys that external drive I've been putting off for a while

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[-] Sixtyforce@sh.itjust.works 18 points 6 days ago

Nobody here is surprised.

[-] zaft@lemmy.world 16 points 6 days ago

It's crazy how so many GOP supporters didn't know this...

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[-] LittleBorat3@lemmy.world 9 points 5 days ago

They voted for nonsense looks like they are getting nonsense.

How will they call the new inflation and how are they going to pin this on not Trump. Curious how this is going to play out.

[-] inclementimmigrant@lemmy.world 19 points 6 days ago

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.

[-] IzzyJ@lemmy.world 13 points 6 days ago* (last edited 6 days ago)

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

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[-] jaggedrobotpubes@lemmy.world 15 points 6 days ago

Trump almost has it. If he can just be a slightly bigger ass on a slightly bigger stage, then he'll be happy.

Musn't give up too soon.

[-] yarr@feddit.nl 16 points 6 days ago

Folks, listen closely, okay? Nobody understands tariffs better than me. Believe me, they’re tremendous, tremendous tariffs. And now Walmart – yes, Walmart, great company, big stores, huge – they’re telling you that YOU, the great American people, will be paying for these tariffs. And you know what? That’s fantastic news. Incredible. Let me tell you why.

First, it’s about sacrifice. The greatest country in the world doesn’t rise without its amazing, hardworking patriots chipping in a little bit more. And trust me, when you pay a little extra at Walmart for your cheap, uh, Made-in-China toasters, you’re not just buying a toaster. You’re buying FREEDOM, folks. You’re sticking it to the Chinese economy. No one else could get that deal done, okay? Only me.

Second, we’re BUILDING here, okay? When American families dig a little deeper into their pockets, that’s money going back into our economy. It’s like… MAGA economics, so smart you wouldn’t believe it. All of a sudden, Americans will say, "Hey, why am I buying Chinese stuff? Let’s buy American!" And BOOM – jobs. Factories humming. Steel, coal, maybe even wood, I don’t know. Beautiful stuff.

Third, let’s talk winning. When we pay these tariffs – our tariffs – we’re showing the world who’s boss. China thinks they’re so smart. So clever. Well, joke’s on them. We’re so good at tariffs, we’re making YOU pay them instead of them. Genius move, right? They won’t even know what hit them. Tremendous strategy. They’re probably shaking in Beijing.

And look, folks, I hear you. “But sir, sir, what about the prices?” And I say this: are you willing to pay a little more at Walmart to make America the GREATEST it’s ever been? I think you are. And if you’re not, then maybe you like China too much. Sad!

So remember, every time you spend a little extra at Walmart – and it’s a GREAT store, by the way, I love it, fantastic – just think of it as making a donation to America. To freedom. To ME – your favorite president – who is bringing the best tariffs, the best deals, and the best America you’ve ever seen.

God bless tariffs. God bless Walmart. And God bless the United States of America. MAGA!

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[-] Ensign_Crab@lemmy.world 9 points 5 days ago

Gonna be real neat watching Republicans turn on corporate America and accusing them of price gouging when (for once) they're not.

[-] tetris11@lemmy.world 15 points 5 days ago

They won't. Blame the last administration, rinse and repeat.

[-] Lucidlethargy@sh.itjust.works 11 points 6 days ago

Don't worry, at least Americans are, on average, in possession of endless piles of extra money after the last decade. Elon says it's time for all of us to tighten our belts. We're just so fat with all that money we've all been saving!

I'm so glad he and the other rich chucklefucks trickled so hard on us.

[-] ThePerfectLink@lemmy.world 12 points 6 days ago

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.

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this post was submitted on 23 Nov 2024
702 points (98.5% liked)

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