No shit.
this post was submitted on 23 Nov 2024
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thanks Walmart this is really good timing
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.
I feel like no one bothered to campaign against Trump.... until... AFTER he won
Gonna be real neat watching Republicans turn on corporate America and accusing them of price gouging when (for once) they're not.
They won't. Blame the last administration, rinse and repeat.
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.
Oh, I thought he was fixing inflation!
Wow, what a shocker! Who could have predicted how that turned out?
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.
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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(1 replies)
It's crazy how so many GOP supporters didn't know this...
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.
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More like generations IMO
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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.
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(13 replies)
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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China will pay for the tariffs in the same way Mexico paid for the wall.
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Nobody here is surprised.
No shit.
This is literally in the first paragraph of every economics textbook when they talk about tariffs.
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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.
The I voted for him for cheaper eggs crowd are about to call this fake news.
Is it just me, or is the article paywalled?
Welp,time to trade my cheaply made Chinese shit to expensively made cheap american shit.
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.
Everything he will do contributes to anger, division and the collapse of the United States.
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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.
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(11 replies)
I figured everyone already knew this. Tariffs just screw consumers.
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