So he really has no idea how tariffs work
this post was submitted on 23 Jan 2025
153 points (95.8% liked)
World News
40045 readers
2735 users here now
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. 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.
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.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
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.
Lemmy World Partners
News [email protected]
Politics [email protected]
World Politics [email protected]
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
founded 2 years ago
MODERATORS
Yup
Make your products in the USA or force my constituents to pay inflated prices for everything.
... wait
Either he's an idiot or he thinks everyone listening to him are idiots and I can't decide what's worse.
Probably both. Idiots rarely see beyond their level of reasoning
-
Trump's degree is in economics.
-
A lot of people who support Trump are worried about having low-skill jobs in areas that the US is not competitive in that pay well in the US, which is hard if they have to compete with the rest of the world.
You may come to your own conclusions.
Things have changed a lot today from the time he bought his degree
Hes a rich kid who bought a degree and even if he did actually try to get a degree he's clearly fucking terrible at it. Good economists don't lose money owning casinos, almost no one does generally but he certainly found a way.
His ex wife though, she turned around hers and made a fortune.
Hey, there is another option. Corporations could illegally decide to absorb the cost of the labour and tank their share prices.
I'm not quite sure which option would implode the economy faster, but it would be a neat experiment.
Burn it! Burn it! Burn it!
load more comments
(6 replies)
I mean, he just threatened them on Russia despite our trade being nearly nonexistent with Russia for the past three years. So yeah.
The people selling the goods never pay the tariff
They will sell less or none if they have to compete with products made in USA sold without the tariff. That's the idea.
But manufacturing in USA will also increase prices, so yeah, Americans will pay more.
Except we don't manufacture alternatives to the goods we're doubling the price of. And there's no possible way for those massive supply chains to grow anytime soon domestically.
They're not going to sell at a loss so they will tack the tarrifs onto the price.
This is intro to economics shit. Not something our leaders should be allowed to try gor funsies.
Someone should tell him who actually pays the fucking tariffs. I kinda get the feeling that nobody around the motherfucker even tells this dipshit things he clearly has wrong because they're afraid of losing their status if they call him out for being a dumbass.
Maybe in some cases the price increase will stop sales (if it doesn't, yea, it's extra sales tax), which if there is no investment in expansion of local replacement capacity (of course not, trump and his toadies can't think that far ahead) will lead to shortages in the US and less revenue for the exporter. Either way, it is a lose-lose situation, but trump will be happy to have hurt the exporter (or they lower the export value to absorb the tariff)...
I also think part of the plan is that voters will cyclically vote in Democrats after things really hit the fan and then they'll be able to fix large portions of the mess that have been made before people get too comfortable and vote Republican again and they can fuck everything up.
load more comments
(1 replies)
Yes, the consumer pays the tariff, but it does impact the seller as their products will now be more expensive which will potentialy drive down demand and/or eat into profits.
Also, in studies, products that aren’t imported tend to raise their prices to match the rest of the industry, rather than leaving it as it was.
Even the cost of goods made in America would get more expensive.
I'd rather we make our own products and stop trading with the US altogether.
load more comments
(1 replies)
So where are those factories gonna come from, and whose gonna work in them? He's also saying he's going to get rid of all the immigrants and we only have so many people being released from prison that are willing to do non-union factory work.
And he also still thinks that a tariff is paid by the exporter and not the importer.
load more comments
(4 replies)
Get ready for The Great Depression Pt. 2: The Electric Boogaloo
Rest of the world: K 👍
I’m also going to ask Saudi Arabia and Opec to bring down the cost of oil
We don't deserve our outrageous amounts of wealth and oil, i hope one day it will dry up and just convince people that living under an autocratic monarchy isn't so great (who would've thought??? 🤯)
I think the more salient thing here is they'll just tell him no.
I think Trump and his people are soon going to find that manufacturers need the U.S. a lot less than they think they do.
Probably. But MBS is an idiot so I wouldn't put it past him to agree, probably to get trump to like him thus increasing his power over the US.
Im not him though, this is complete speculation.
Just noticed your edit, we depend on the US for our military who are complete clowns, but the real scare is the SANG, the national guard. The sauds are paranoid of coups or revolution so the SANG are stronger than our army. Without the US the national guard is weakened thus leaving the monarchy vulnerable then overthrown.
I was under the impression that he owed them a lot of money, but maybe I'm misremembering.
I think he does but I'm not sure. But it's still very important for us to have US support (explained in top edit)
"and we will give you among the lowest taxes of any nation on earth,”
Ummm, I'm pretty sure most manufacturers care way more about wages than taxes. Taxes are important in white collar businesses or between areas with similar wages. But the wages of a US factory worker are much higher than a worker in China. They are likely higher than in EU, too, though maybe not by as much.
Is the plan to bring low-wage jobs to the US? Or is the plan to pay higher wages for the same job and pass the cost to the consumer? Or is the plan to add tariffs that get passed on to the consumer? Because I'm not really seeing how this helps anyone.
They probably eventually plan to bring back forced labour. They 'deport' people, and when that's too arduous, they'll round them up in camps and make them work their 'sentence'.
I don't think they actually stupid enough to deport their low wage vulnerable workforce when they can just further exploit them.
Now with all the private prison people he has in his cabinet this is making more sense. The one thing that they will have an abundance of is prisoners people being falsely imprisoned for bullshit charges. What better way to use them than to get some free labor
load more comments
(2 replies)
lol he still has no idea what a tarriff is
Cool let him isolate the US from the rest of the world
I hope that's the result. Unfortunately, here in Canada there are companies looking at doing some manufacturing in the US (i.e. sending incomplete parts for finishing).
*edited for grammar error
So if we get to a point where tarrifs eventually lead to products being made domestically, anf this reduces global shipping, does Trump understand that will be a low carbon policy?
Yes, he said that as one of his major points on his Rogan interview, granted he said that while mocking Biden's climate policies.
Meanwhile, this orange traitor fucktard shut down the entire fucking NIH. What the fuck do any of his enablers think is going to happen to all of pharma and all of biomedical research? How the hell can we make drugs without clinical trials? Where are the drugs going to be made?
It could not be more obvious that he is working to destroy the United States at the behest of foreign adversaries.
Oh simple, we just won't check if they're safe or effective but sell them to Americans anyways
There aren't even natural reserves for every mineral/gas/etc in the US. A lot of the more advanced ones go into making computer chips, let alone their coveted Stargate AI chips. Setting up manufacturing/processing sites for each one based on imported raw materials isn't a sudden feasible 4 year project either (yes yes I know assuming 4 years is all this crap lasts)
That's why he wants Greenland.
view more: next ›