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Yep, it's going to make everything more expensive
(lemmy.world)
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this post was submitted on 24 Sep 2024
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But this is a very stupid one that he doesn’t seem to understand how to work it. Let me give you one example that hit last time this asshole was in office.
My spouse works for one such import company. While it is US based it gets its metals and product from China and a few other Asian markets.
I wont get into the details as to what all they make but they provide a lot of various hardware items that you find in the large retail hardware outlets.
When Orange Man did this last time, guess what happened? They simply increased the prices to compensate and pushed all that down the line to consumers. When the bottom dollar got bad enough they laid off employees. Same thing happened at some of the other companies she worked with.
Thing is the US hardly manufacture anything, anymore. In fact a lot of the metals and other stuff we no longer mine. It’s easy to say ‘This makes sense’ well no, it doesn’t - he is running his mouth again to get votes without considering the long term effects of how it will damage the economy even worse.
tbf, we manufacture a lot still. It's just typically things that require skilled workers and advanced machinery, not common consumer goods. The only consumer goods we produce in large values anymore are cosmetics, pharmaceuticals, and handheld electronics.
You're only looking at and mentioning the short term effect, not any long term effects, and then criticizing others for the same thing. The long term effect is inefficient businesses like your spouses company shuts down, and local production increases at all levels.
Global ecomonies are incompatible with life on Earth, as we have learned.
That's a wild claim. Can you back that up with any data that shows tariffs always increase local jobs and income?
It's a wild claim that companies that have to pay fair value for their materials and labor either close or find more local resources to continue operation?
So your data is "I'm just guessing it works that way." Neat.
My main issue with your statement is the one you dodged addressing. To qoute:
"Local production increases at all levels."
Please source the data that shows people paying 200% the price for required goods, and spending way less discretionary money overall, somehow makes production increase at all local levels.
I'll even help by giving you some parameters. Remember, Trump has promised we will immediately start paying less for everything as soon as he enacts these tariffs. That's the exact opposite of how tariffs work, but okay. Ignoring the raw stupid, can you show me data that jobs/income/quality of life of all citizens goes up in a nation that enables extreme tariffs in a 4 year period after they are enacted?
Are you purposely misunderstanding things like all conservatives do or do you really not understand how increasing import costs above local source costs increases demand and thus production?
So still no facts or data and down to personal insults instead of addressing any part of the discussion.
Have fun out there mate.