this post was submitted on 10 Mar 2025
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Explain Like I'm Five

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ELI5 How does a tariff against a major trading partner effect the common pleebs? (self.explainlikeimfive)
submitted 1 day ago by Patnou to c/explainlikeimfive
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[–] yesman 14 points 1 day ago

The "deal" under neoliberalism was that some workers would feel pain as factories closed, but every worker would see a better lifestyle from cheap imported consumer goods.

They're taking away the cheap consumer goods. The point, they say is to bring the factories back, but I'm going to need someone to explain to me how that's supposed to work. Especially since Trump is trying to kill the 'Chips' act that was specifically designed to onshore a vital industry.