And I wonder if MAGAts realize that all the trump gear - bibles, high top runners, cheeto colored sex toys, hats - they buy will be taxed and so cost the most since he sources them from cheap Chinese factories?
Another R that the Ds will have to clean up after. FACTS: Times Sq debt clock went up after Reagan. Clinton balanced the budget. W Bush created the Great Recession. Obama got us back on track. Trump screwed the middle class with tax cuts & inflation/pandemic. Biden got us back on track.
Let's not forget the food processing industry where immigrant workers work at plants that process beef, pork, and chicken. Mass deportation will result in higher prices for meat at restaurants and grocery stores due to lack of workers. MAGA will be responsible.
Tariff =Tax. Counties won't pay tariffs, businesses and consumers will at the checkout line and online shopping. MAGA literally voted for higher prices on not only foreign goods but higher grocery prices due to the lack of workers in agriculture industry due to mass deportation.
More to the point, he forgot other countries tariffed our products. Then made deals amongst themselves. Remember, we had to bail out our farmers, some of whom reside in Congress.
There is absolutely no "could" about it. It will be grossly inflationary. And USA will be unable to fill the gaps because the imports now being subjected to tariffs are likely from industries that left the USA years ago. They're not going to suddenly return.
As a former CBP Officer and Import Specialist, my career was all things airport border: People, Cargo, US Code, Trade, Tariffs, Fees and Classification
This will be catastrophic and isolating to the US.
Even CBP brokerage fees, and cross border transit will increase, due to enforcement.
Trump doesn’t care. It’s about him showing you that he can. And having you deal with it. His cult followers will continue to worship this orange monster. He’s brainwashed half of America into thinking he can do no wrong.
people will learn soon the consequences of "FAAFO". can't say they weren't warned. you may buy a car, appliance, electronics, etc. before mid Jan. Irony is U.S companies, will hike prices just below tariff prices looking cheaper v overseas prices. watch when nations respond in kind to U.S suppliers.
Just replaced 4 of my 6 major appliances for just this reason. Upgraded my laptop...looking at upgrading my camera and main TV. Oh, and a plug-in hybrid is on order...but that's from Japan.
Freeing up trade by removing tariffs is why the last few decades have had so much growth with so little inflation. As war and politics reverse that freedom, so does growth slow and inflation rise.
Interesting point about the potential impact of Trump's tariffs on trading partners. It's true that tariffs can have complex effects on prices and trade dynamics. The situation definitely calls for keeping a close eye on how things unfold in the market.
I would say everyone outside the US should boycott anything made in the USA. But after a 5 minute look around my house I found 1 thing made in the USA....my car....a Volkswagen. Does the US actually manufacture anything other than Harley Davidson motorcycles any more?
It’s such a bad place for our country. Let’s be honest, a lot of us want to see Trump fail but it will cost Americans so much. How do we move forward? Warp space?
Trump tariffs will hurt the American auto industry. Is this retribution directed at the UAW for their support of Harris? Will POTUS hurt our citizens for revenge? Seem to fit his character or lack thereof.
He will use it to negotiate something that won’t matter and lie he got this country to do this and that and his idiots will bow down. Then will back down from real tarriffs and lie again. It’s the Trump cycle
I live in Mexico and this is ridiculous, Mexico imports many things, mainly corn and some farm products, but Mexico exports many cars and fresh vegetables, including almost all of the avacados. If this is implemented it is going to mess with both economies.
Us smart people, saw this a mile away, that is why Kamala was our choice. We tried to warn them, gave them proof, hell they only had to listen to his rallies. YET they said things were so much better with him. I remember differently. Now we all have to pay for ignorance.
It took 30+ yrs to offshore all those jobs, should only take about 30 days or so to bring em back.
The factories were just idling there this whole time, weren't they? And the workers were sitting at home waiting for the call. Flip a switch and it'll be like nothing happened at all!
I can tell u it won't work because I am Canadian and we have lots of softwood lumber and oil and if Trump plans on taxing us that heavily we will just sell to someone else either Europe or China or other countries then. It will backfire because u will end up coming up short on resources needed.
If the workers in Mexico are laid off from their factories because they had to close due to tariffs, I guess they could always cross the border and find jobs here.
Well, let’s see if these Maga voters like paying higher prices at the pump groceries, appliances, houses building supplies oh yeah, losing their healthcare it’s the gift that keeps on giving
Republicans are why we can’t have nice things like a stable economy, and Universal Healthcare. I wish the MAGATS had more than 2 working brain cells so they could remember that Presidents Obama, and Biden had to save us from Republican economic disaster.
So far there is some good news -- he promised a 30% increase in China tariffs and now it's 10%.
It may end up being nothing in reality, just like Trump's wall in his first term.
Yep. More #TurdReichConsequences. Life will be way more expensive because the MAGAt GOP will allow the 🍊💩 & his billionaire sycophants to start a tariff war with our biggest trading partners. #IVFKH
Trump pulled a classic switch and bait. If his supporters understood how tariffs worked, they'd realize that he was promising to raise prices and reduce product choices.
I say go ahead with it, tariff the crap out of everything. You get a tariff, you get a tariff, everyone gets a tariff put on them!!!Cheer and clap for it ... it's literally the only way the Jim Bobs, Alpha Males And GymBro's will learn.
Will mean just the opposite. Tariffs get shunted all the way down to the consumer, and we have neither the infrastructure, nor the labor rates, to make it here any cheaper.
So will deporting undocumented immigrants who are working here. And closing down important departments and groups who help prevent corruption. As for Musk's plan to remove $2 trillion from government spending, that would send the economy right down the gold toilet.
As nice as it is to see all the coverage about how much damage tariffs will do to average Americans, ya gotta wonder why the media didn't discuss this before the election.
tRump is evil and stupid but what he is doing isn't solely a tRump thing it's an American thing. Under Clinton America went in breach of the 1st NAFTA almost immediately & purposefully tried to undercut the Canadian Softwood & Dairy industries 4 a decade only to lose in mediation under Chapter 19
Every smart country will have matching tariffs that kick in the same day.
The party of "free markets" has become a protectionist cult all due to the grade school intellect of the Dear Leader. It's an absurd and completely unrealistic screenplay... who wrote this?
There are usually some cool diagrams showing all the trade industries and overall balance between countries... which is yours? But yeah, making things more expensive doesn't boost sales.
I actually think it's a mechanism to gain higher profits while blaming the higher cost of imports. Like how the current grocery prices are all because of the high cost of transportation, and not at all because of maintaining margins by percentage to keep shareholder value high.
neither he nor anyone in his cabinet give a 💩 because it won't impact them in the slightest. Especially not after he cuts taxes for the Billionaire class.
USCB
A wealth of information. On how the American Taxpayers paid in Billions of $$$$
To American Farmers to Compensate them because of Tariffs imposed on Chinese Imports by Potus 45.
Potus elect 47. Is going to repeat the same again in 2025. Unless someone will show him in BIG PRINT LETTERS
🇮🇪🇪🇺
Trump is a tool who's going to bring down our military, hurt our allies and damage this nation, perhaps permanently. And when his followers cry, I'm going to laugh.
BUT... Trump's big promise is that he's bringing prices BACK DOWN, which requires a large negative inflation rate, i.e. deflation. That only comes from a collapsed economy with demand in the gutter and supply just sitting there desperate to sell things.
well they might not... but only if trump promises huge discounts to companies to not raise prices (thereby making them more money) if they just "eat the costs".
But even then they won't be eating the costs, and the money used to bribe them will directly/indirectly cause more issues for people.
People seriously don't know how many things come from Mexico / China.
John Deer / Caterpillar parts that are labeled "Made in USA"?
Some are made in China 100%, brought to the usa, put in a box from random places, but slapped with a label that says "Made in USA" (the only USA made product).
Does anyone remember the USMCA trade agreement? Took two years to negotiate. Term lasts another 16 years. Signed off in 2018 by (checks notes) Donald J Trump. Bit of a sticky wicket to just rip it up and hurl it into the wind.
The U.S.A. has trade deficits with China, Canada & Mexico of over $568B pa!
The U.S.A. needs them more than they need the U.S.A.
China, Canada & Mexico will hurt a bit at first but will benefit in the long run.
The economy & workers of the U.S.A. will be crippled indefinately by tariffs.
Luckily, PM Trudeau has spent the last nine years diversifying our economy. I have no doubt many of our new trading partners would love to have the wheat and oil that the US used to buy.
Correct - eg
China banned some Australian exports & other sometimes more profitable markets were found. Now China is clammering for Australian goods & are being charged a premium!!!
Cheap labor is the end game. People will have to work a 2nd job to pay the higher costs. More people may become homeless. People will have to work more, so the price of labor here may come down with more people looking for jobs. If they cut funding for programs at the same time = misery in America.
Then again, I doubt they are thinking more than one move at a time. They don't appear to be thinking ahead and don't see three moves ahead. There was never much forward thinking the last time around, except for golf and rallies. He fires anyone who does think ahead.
Unfortunately our country is chock full of stupid people. Everyone tried telling them. As @georgetakei.bsky.social pointed out, they may need to find out the hard way.
The results are in:
Mexico and Canada will not renegotiate NAFTA a third time - talk to our lawyers.
China calls BS and reminds him how he lost his last tariff war.
Markets stabilize.
He has tacitly admitted he has no plan for the border ‘crisis’.
Bravo!
Many are betting that these tariffs go way highter and become permanent things. Prices are gonna go up and Mexico and Canada and China are gonna react accordingly.
Spent 2 hours in meetings this morning with the CEO and CFO to try to get out heads around this mess. As far as we can tell there will be no exemption for medical devices such as corrective lenses for spectacles. Which is our business
Tariffs mean higher prices on imported goods, price gouging on domestic goods, supply chain disruption and retaliatory tariffs. Inflation is practically inevitable.
You import lots of oil and natural gas from Canada with electricity for NYC ! Guess it will all go up 25%- Oil can be bought from .. like Venezuela! But gas comes in a pipeline to Chicago for exemple ! Make Venezuela strong again so he can crush the opposition!
Can someone try and clarify the China portion. Two ways of interpreting it. Is it 10% added to whatever tariffs are in place right now, or 10% in addition to the new 25%? Thoughts?
If you add a 25% tax onto lumber, oil, cars & car parts, computers and electrical equipment, beverages, medical instruments and household appliances...
Prices WILL go up.
I do, however, wonder how he's going to blame it all on the deep state.
No could about it. They will. He has this deranged idea that the whole world is as moronic as his base. He thinks they will just eat up his drivel like the magats did.
They won't. They are smarter than that. Greed is gonna destroy the Reds. It has they just don't realize they're done yet.
Tesla will lose 2/3 of its profits at current accounting, which is massive. But his domestic EV competitors will be hurt much worse since they haven't matured their product lines yet and they depend on the subsidies.
He'd probably just layoff more people to save money, make the others work harder, and try to find a loophole to make them salaried and force 80+hrs/week work out of the remaining
But too dumb to realize that when tariffs increase prices and they gut SS, Medicare and Medicare, and get rid of ACA, people won't have the money for his cars either.
The "bottom" 80% of the population aren't his customer base anyway, not for expensive cars. That's only the upper quintile of incomes (docs, lawyers, engineers, programmers, etc) and of course the super wealthy. The lower 4/5 will have to sacrifice... whatever it is they have.
Is Trump aware that his tariff war or whatever that is, will "Make America Poor Again"? Is it that he just doesn't understand the whole tariff thing, or does he really want to take us back to the Great Depression of the 1930's??Or will he be taking bribes from industries that don't want tariffs?
Magically, tariffs will not apply to those countries / corporations that buy Trump the things he wants - more gold toilets, etc. This is just going to lead to corruption on a scale that banana republics can only dream about.
He’s threatening to force companies to charge US consumers more and ruin our economy unless other countries drop the flow of drugs and undocumented immigrants?
Sounds like the beatings of US consumers will continue until morale improves!
It WILL mean the opposite. And even if it didn't, companies will raise their prices using the tariffs as an excuse to begin with to rake in record profits that aren't given out to their workers. It was always a long play for corporate greed.
Your assuming the market will be there. Most of the buyers of EV's aren't gas guzzling conservatives who drive trucks. No it's liberals. When it's too expensive for them the market place will crash.
Corporate greed is disgusting, and they'll find any excuse to raise prices. The egg shortage was artificial as an 'experiment' by the egg producers, they even came out and said it, but the media stopped covering that because it's not in their own greedy interests.
And that's only half of it. Retaliatory tariffs against US imports into those countries will mean huge losses for US exporters such as farmers, and even oil companies producing light sweet crude that our refineries aren't designed for and therefore gets sent abroad.
This ☝️
Anyone who thinks the corporations that shamelessly used a global pandemic to price gauge won’t do the same with tariffs are fooling themselves.
As an example: I'd but the occasional soda at work. Before all hell, it was a buck, supposed supply chain issues raised it to 1.40 and never went down. Now it's up to 1.60. PepsiCo got 86'd from major EU grocery chains due to price gouging.
Trump Tariffs are not about illegal immigrants, drugs or human trafficking. He doesn’t give a shit about that stuff. This is about revenge on countries that have spoken against or won’t fall in line and support him.
The 20 ppl working at Bluesky are overwhlemed at the moment, and this must be rough to keep up with. Hopefully they're using some decent methods of fingerprinting the bad actors so as to lock them out... we don't need Xitterification here.
When did it stop being ok to be wrong once in a while? People who are experts in these fields appear afraid of making a declarative statement about historical events about things they know in far greater depths than you or I.
It's been shown that tariffs increase the costs for the consumer. Say it!
Comments
This will be catastrophic and isolating to the US.
Even CBP brokerage fees, and cross border transit will increase, due to enforcement.
That Ferris Bueller Smoot Hawley act scene is not a joke.
Everyone pays.
Everyone loses.
Idk if that’s true but I’m going with it.
choice of four fun 'flavours'.
Enjoy your Happy Meal, have some mandatory Xanax.
Get ready for MAGA and cable news to start telling us why higher prices are actually a good thing. 🤦♂️
The factories were just idling there this whole time, weren't they? And the workers were sitting at home waiting for the call. Flip a switch and it'll be like nothing happened at all!
"Is basically guaranteed to" or "is a stupid plan from a man who obviously has no idea what he's talking about and will..."
It may end up being nothing in reality, just like Trump's wall in his first term.
... It will be the flipside of the tariff war equation when the rest of the world responds in kind.
American exports will drop and in turn, jobs lost...as Musk looks to cut benefits
Trade Wars hurt everyone.
#FAFO
💋
The party of "free markets" has become a protectionist cult all due to the grade school intellect of the Dear Leader. It's an absurd and completely unrealistic screenplay... who wrote this?
https://www.youtube.com/watch?v=4NeCI1nl-So&pp=ygUNdGlueSBmb29kIEJMVA%3D%3D
Why didn't he?
Stop sending lumber to the States?
Stop sending eggs to the States?
Sending oil to be refined in the States?
Most likely pain on both sides of the border, but a message would be sent and received.
You might as well say setting fire to your house "could" cause damage to it.
A wealth of information. On how the American Taxpayers paid in Billions of $$$$
To American Farmers to Compensate them because of Tariffs imposed on Chinese Imports by Potus 45.
Potus elect 47. Is going to repeat the same again in 2025. Unless someone will show him in BIG PRINT LETTERS
🇮🇪🇪🇺
The quickest route: Impoverish the 99%.
But even then they won't be eating the costs, and the money used to bribe them will directly/indirectly cause more issues for people.
John Deer / Caterpillar parts that are labeled "Made in USA"?
Some are made in China 100%, brought to the usa, put in a box from random places, but slapped with a label that says "Made in USA" (the only USA made product).
The U.S.A. needs them more than they need the U.S.A.
China, Canada & Mexico will hurt a bit at first but will benefit in the long run.
The economy & workers of the U.S.A. will be crippled indefinately by tariffs.
China banned some Australian exports & other sometimes more profitable markets were found. Now China is clammering for Australian goods & are being charged a premium!!!
Do any of us believe that the American corporations won't increase their price gouging, causing more hardship?
Thieves, the lot of them!!
Fixed that for you.
Mexico and Canada will not renegotiate NAFTA a third time - talk to our lawyers.
China calls BS and reminds him how he lost his last tariff war.
Markets stabilize.
He has tacitly admitted he has no plan for the border ‘crisis’.
Bravo!
https://bsky.app/profile/wutangforchildren.bsky.social/post/3lbugndg4pk2s
This is madness
If you add a 25% tax onto lumber, oil, cars & car parts, computers and electrical equipment, beverages, medical instruments and household appliances...
Prices WILL go up.
I do, however, wonder how he's going to blame it all on the deep state.
They won't. They are smarter than that. Greed is gonna destroy the Reds. It has they just don't realize they're done yet.
Corporations never lower prices once they rise.
Elmo is pulling the ladder up after himself.
Sounds like the beatings of US consumers will continue until morale improves!
Exports crash = recession.
Anyone who thinks the corporations that shamelessly used a global pandemic to price gauge won’t do the same with tariffs are fooling themselves.
It's too easy for corps to blame someone else!
It's been shown that tariffs increase the costs for the consumer. Say it!