this post was submitted on 23 Nov 2024
822 points (98.7% liked)

politics

19241 readers
2459 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 2 years ago
MODERATORS
top 50 comments
sorted by: hot top controversial new old
[–] [email protected] 249 points 1 month ago (6 children)

No shit.

This is literally in the first paragraph of every economics textbook when they talk about tariffs.

[–] dhork 146 points 1 month ago (5 children)

Donald Trump didn't win the Presidency by reading textbooks.

[–] rockSlayer 112 points 1 month ago (5 children)
load more comments (5 replies)
[–] TrickDacy 41 points 1 month ago (1 children)

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

[–] [email protected] 23 points 1 month ago (2 children)

They heard lower taxes, and simply misunderstood that tariffs are another form of taxation.

[–] billiam0202 21 points 1 month ago

They heard whatever they wanted to hear, because that rambling shitgibbon said everything to everybody.

load more comments (1 replies)
load more comments (3 replies)
[–] [email protected] 48 points 1 month ago (1 children)

Nobody who voted for Trump read that book homie.

[–] Zidane 20 points 1 month ago

Nobody who voted for Trump read[s] ~~that book homie.~~

Fixed that for ya

[–] HappycamperNZ 18 points 1 month ago (3 children)

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?

load more comments (3 replies)
load more comments (3 replies)
[–] just_another_person 120 points 1 month ago (1 children)

It's a certainty, not a fucking "likelihood'. That's how they work.

[–] [email protected] 66 points 1 month ago (1 children)

You mean there's no chance that Wal-Mart might choose to absorb the increased prices out of the goodness of their hearts? :o

load more comments (1 replies)
[–] danc4498 90 points 1 month ago (10 children)

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 49 points 1 month ago (8 children)

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.

[–] [email protected] 49 points 1 month ago (3 children)

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.

load more comments (3 replies)
load more comments (7 replies)
[–] coriza 34 points 1 month ago* (last edited 1 month 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.

[–] dgmib 24 points 1 month ago (5 children)

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.

load more comments (5 replies)
[–] hydrospanner 21 points 1 month ago

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

load more comments (6 replies)
[–] jordanlund 85 points 1 month ago (7 children)

Pretty sure everyone was told this before the election.

Problem:

https://www.usatoday.com/story/news/education/2024/11/12/trump-election-win-college-educated-voters/76109508007/

"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."

[–] [email protected] 48 points 1 month ago (5 children)

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?"

[–] [email protected] 30 points 1 month ago (1 children)

You had econ in HS? Mine had it but it was only an elective.

[–] [email protected] 25 points 1 month ago (1 children)

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.

[–] billiam0202 18 points 1 month ago

#1 in education.

And also the only state in the country where every precinct voted for Harris.

Surely that must be a coincidence, right?

load more comments (4 replies)
[–] [email protected] 26 points 1 month ago

'I love the poorly educated', donald j trump, feb 2016.

load more comments (5 replies)
[–] [email protected] 66 points 1 month ago (1 children)

just like mexico paid for his 'wall'

load more comments (1 replies)
[–] brucethemoose 63 points 1 month ago* (last edited 1 month ago) (2 children)

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.

load more comments (2 replies)
[–] A_Random_Idiot 60 points 1 month ago* (last edited 1 month ago) (8 children)

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.

load more comments (8 replies)
[–] randon31415 42 points 1 month ago (7 children)

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.

[–] affiliate 76 points 1 month ago (2 children)

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.

load more comments (2 replies)
[–] rayyy 65 points 1 month ago

Trump will get blamed

Ha, ha, ha, he will blame Biden, or immigrants, and his moron supporters will believe him just like they have when he lied the other thousands of times.

[–] [email protected] 42 points 1 month ago

Trump will get blamed

Oh honey...

[–] pivot_root 40 points 1 month ago* (last edited 1 month ago)

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.

[–] brucethemoose 20 points 1 month ago* (last edited 1 month ago)

Trump will get blamed

Like they blamed him for his COVID-19 response?

If that didn't get through... honestly, I have no idea what would. Americans are just stuck in their feeds and divorced from reality now.

load more comments (2 replies)
[–] rayyy 40 points 1 month ago (1 children)

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

[–] aesthelete 35 points 1 month ago (2 children)

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

load more comments (2 replies)
[–] [email protected] 32 points 1 month ago

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

[–] [email protected] 27 points 1 month ago (1 children)

Duuuh. Did they really think the company would just eat the additional costs? What a bunch of maroons.

[–] baronvonj 25 points 1 month ago (1 children)

They thought the exporting country/company would pay for it.

load more comments (1 replies)
[–] Suavevillain 27 points 1 month ago (1 children)

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

load more comments (1 replies)
[–] inclementimmigrant 23 points 1 month ago (11 children)

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.

load more comments (11 replies)
[–] [email protected] 23 points 1 month ago

I have a trick to get others to pay it for me:

trix

[–] [email protected] 21 points 1 month ago (5 children)

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

load more comments (5 replies)
[–] [email protected] 20 points 1 month ago

The good thing about Trump is that other countries will try to get more independent from the US.

[–] ikidd 18 points 1 month ago

Oh, I thought he was fixing inflation!

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

[–] [email protected] 18 points 1 month ago (1 children)

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 24 points 1 month ago (1 children)

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?

load more comments (1 replies)
load more comments
view more: next ›