I think they're banking on some short-term pain during which production of imported goods will relocate domestically. What they omit, is that domestic production will be more expensive and less efficient, resulting in lower quality products unable to compete on the international scene.
To be fair this is not unique to MAGA, it's the economic orthodoxy that the response to inflation should be to increase interest rates which is inflationary.
Bangladesh just announced a 56%minimum wage increase for garment workers, it is now $113 a month. 8hrs X 5=40 wk x4 =160hrs mo so 160/$113 = $0.70 hr. What is US min wage again?
Simply it is Trumpadox... it doesn't have to make sense because whatever Trump says it has to be true.
Old Don is always right and if questioned it becomes "fake news"....
When I ask them they say the tariff’s are connected to the tax cuts. Prices will initially rise but once the corporations get their tax cuts they will voluntarily bring their prices down 😂
They only believe what Trump tells them cause they think he is so business smart. They trust the man who has had more failed business ventures then failed marriages.
Do we need to bring out the kindergartens and the glasses with water so they can do a live demonstration to explain it to them? (I'm sure I've seen this concept explained on Sesame Street).
Truly it’s amazing. Then when you give them documented credible evidence they sputter like an old Bentley, or deflect like that will save them from their propensity not to educate themselves.
Cutting taxes (for the rich) will bring in more tax revenue. People believe what they want to believe. Especially if they are not capable of independent thought.
When MAGAs further down the food chain figure out that they have been duped, AGAIN, watch the economy tank, AGAIN, their taxes go up to pay for the 1%-ers tax cuts, AGAIN, and SS, Medicare and Medicaid get reduced, they will STILL believe their Orange Lard/ Messiah is going to rescue them.
MAGA is not rational. How do you get Americans to vote against their interests?
You get them to turn on each other by focusing on their fears and become the party of grievances (Trumpism). You use the axiom THE ENEMY OF MY ENEMY IS MY FRIEND.
Maga can't understand it so they can't explain a thing. When they realize they were fooled, they'll pretend they knew while they're watching their car get repossessed, but we know they didn't and can laugh.
It won’t be hard for maga to believe what they are told when the entire administration is made up of television & reality sitcom personalities. They’ve all got a part to play in order to dupe the gullible and destroy America.
“Remember way back when, in record store days, when that Japanese or English import of that cool album cost $15.99, and the US version coming out 3 weeks later
cost $8.99?
The higher price import has a $7.00 tariff on it, and if you want it now, YOU pay the tariff.”
MAGA are now saying it will be the corporations raising prices for profits, not the tariffs. Because you know the trusted leader can never be wrong!🤦🏻♀️
Strategy to help Trump fail and hedge inflation: To the degree you can afford to, buy this year everything you will need next year that won’t spoil before use. Prices will be higher with tariffs anyway and with a sagging economy he won’t be able to sustain the tariffs,
The only explanation I've heard is that by driving up the cost of imports it will force everything to revert to domestic manufacturing. As if America can be an island unto itself. And all it takes is flipping a switch. Meanwhile the bottom falls out of the economy.
I mean I get the concept they think will happen, but it’s not feasible. They think prices of imported goods will skyrocket therefore making American made products more competitive. But sadly most of what we do manufacture here gets materials imported(tariff taxed) so it will be more expensive too.
America has bought into this myth. Tariffs will bring hardship and more unnecessary suffering.
The worst part is that the biggest blowhard loser ever has convinced so many that this is a good business decision.
All MAGA cares about is owning the libs. Their vote was not about the cost of eggs.
I'm also certain mainstream media won't blame the impending inflation on Trump's policies. They'll find external reasons and it'll be like coverage during COVID.
As a liberal, if you think both that the cost of eggs will be negatively impacted by tariffs and that the mainstream media(as a whole) is more in favor of Trump, there is something very wrong with your thinking process.
Hmmm... I would push back on both of those. If you check exit polls, one of the top issues given for voters was the economy(price of things in general). Also the media could have treated Trump with more negative bias, however I have not found a lack of anti Trump articles in most media.
Trump’s tariff war raised costs on American businesses and consumers by $57 billion in 2020 alone. MAGA said it was to help us, but last I checked, paying more doesn’t feel like winning. #TariffTax
They think that all of sudden Americans will invest in expanding manufacturing businesses that can immediately start producing at a number of times their current capacity with labor at a fraction of their foreign competitors
Real life example for my SB: I just ordered shopping bags. Domestic cost $5,500. International $3,300. If 200% tariff put on 3,300 = $6,600 so if I buy them domestically I’ll save $1,100 (NVM I’m actually saving $2,200 LESS pre tariffs tax currently buying international)
Maga’s are so pig 🐷 headed that it’s pointless to reason with them!
With all the money 💰 (their tiny piggy banks 🏦) they donated to Trump,it’s going to be double the pain with no emergency 🚨 savings when Trump-Inflation 2.0
Kicks 🦵in 🤦🏼♂️ Dumbest people on the planet 🌎!
I'm expecting NewSpeak. They'll tell everyone that the eggs only cost $5.99/dozen...down from the $6.99 they cost when Biden was president. It will be 1984 in 2025.
It’s more of that 3D chess that Trump is playing. You see, tariffs aren’t a regressive tax, either. They will help the average Joe and pay for the wall, too. Bigly.
Tariffs > restricted imports > higher import prices(higher prices for imported goods overall) > restricted exports (counter tariff) > decrease in exports and export income > excess production > decreased prices for American goods. At least hypothetically. There are many issues with the tariff plan.
Economic proposals such as tariffs often are hard to explain, and there are many costs other than just the obvious ones. If you want to check my reply to the original post it might be a simple explanation of how it would hypothetically work.
Well...if he makes it bad enough here Mexico may pay for a wall to keep us out of their country...it means they still have hope that he keeps that promise.
Sure, now we are all enjoying a great and wonderful Healthcare plan, our infrastructure plan is through the roof, and that wall kept out every immigrant in the last four years. Life is frand.
Comments
It’s gonna be lies about how great things are
"If you cry and whine long enough, 15 percent of americans will blindly believe you"
Old Don is always right and if questioned it becomes "fake news"....
You get them to turn on each other by focusing on their fears and become the party of grievances (Trumpism). You use the axiom THE ENEMY OF MY ENEMY IS MY FRIEND.
Respect,
ObviousMan.
cost $8.99?
The higher price import has a $7.00 tariff on it, and if you want it now, YOU pay the tariff.”
It is a platform of cognitive dissonance.
They will believe that it is a plan that Trump has been working on for years.
They are a nonsensical cult.
Why higher grocery prices are a good thing!
The worst part is that the biggest blowhard loser ever has convinced so many that this is a good business decision.
I'm also certain mainstream media won't blame the impending inflation on Trump's policies. They'll find external reasons and it'll be like coverage during COVID.
I said people didn't vote for Trump because of the price of eggs.
I then said that the media treats Trump with kid gloves. He is not scrutinized or challenged.
Good luck with getting any Americans to work as hard as immigrants do for the piddling wages they earn.
MAGA Math,
2+2= 10
With all the money 💰 (their tiny piggy banks 🏦) they donated to Trump,it’s going to be double the pain with no emergency 🚨 savings when Trump-Inflation 2.0
Kicks 🦵in 🤦🏼♂️ Dumbest people on the planet 🌎!
🤣🤣🤣🤣🤣🤣🤣🤣
really super dirt-cheap at the dollar store.
They'll soon find out otherwise.
Be paying the tariffs. 🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️