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[-] AlecSadler@sh.itjust.works 7 points 55 minutes ago

Guise, I'm struggling. Part of me says...let them all burn for their "fuck around and find out".

But I know that isn't completely right. I just, am, so, angry (and sad).

Will probably choose the let them burn route.

[-] Blackmist@feddit.uk 15 points 2 hours ago

I mean the whole point is paying a tariff so American companies make the goods instead for less.

But if paying Chinese poverty wages and tariffs is still less than paying Americans to do it, then guess what they're going to do?

[-] CafecitoHippo@lemm.ee 10 points 2 hours ago

It's also dumb to just assume that foreign companies can just flip a switch and start building/assembling whatever they sell in America. You need facilities, you need to hire employees, you need to train employees. You can't just pick up your factory, drop it in Kansas, and just slot people into the building to work it right away.

[-] Hobo@lemmy.world 6 points 1 hour ago* (last edited 1 hour ago)

Also, unless your plan is to exclusively export to the US, then it's less cost effective to open up new facilities in the US. You just raise prices and and have the consumers take the hit for the tariff. There's also the problem of logistics for raw materials for whatever products your manufacturing. Those also tend to cost more to acquire stateside.

The worst part is that policy is only a single bullet in the policy foot gun Trump has loaded. It gets even more expensive when the low cost labor is suddenly deported and/or put in camps. Which I realize isn't even the worst thing about the immigration policy, but just pointing out that it too has consequences to these same people.

[-] genXgentleman@lemmy.world 41 points 4 hours ago

I don't know if this post is true or not. However, a lot of people don't know history, civics, & economics. (This is the result of the Reagan & Bushes dismantling of the education system.) I've told a lot of people to look up the Smoot-Hawley Tariff Act of 1930 and the impact it had on our and the global economy. Tariffs will start a trade war. That's what happened to our farmers the last time Trump was in office. He ended up having to bail out farmers which cost more than the tariff brought into the government. The Chinese simply bought their soy beans from other countries instead of paying for ours. There were a lot of farmers that lost their farms then.

[-] Clent@lemmy.world 13 points 2 hours ago

I have been told many times to feel bad for those farmers, that they aren't idiots, etc.

I thought I ran of fucks for them but a few more just flew out like butterflies from a dusty chest.

I hope ever single one that put up those massive Trump signs loses their family farms to big corporations.

[-] bizzle@lemmy.world 3 points 1 hour ago

We need fewer corporate farms, which are dirty as fuck now let alone after they gut the USDA. I hope that they lose their family farm to two gay dudes from Vermont who got really into organic gardening and decided to cash in their b&b for corgis to start growing high quality produce right here in America's heartland.

[-] Halosheep@lemm.ee 22 points 4 hours ago

I'm sure the corporate farmers were happy to buy up that land and cut the trump admin a nice check for the convenience.

[-] 1hitsong@lemmy.ml 1 points 2 hours ago

Anyone? Anyone? Raised or lowered? Anyone? Anyone know what this is?

https://www.youtube.com/watch?v=uhiCFdWeQfA

[-] genXgentleman@lemmy.world 1 points 50 minutes ago

OMFG!!! LMFAO🤣🤣🤣🤣🤣 I totally forgot about that. Great memory and response!!! Line of the day!

[-] Agent641@lemmy.world 11 points 3 hours ago

2025, Chinese year of the Leopard

[-] chellewalker@lemmy.ca 62 points 4 hours ago

To be honest, this kind of feels to me like the boss was just looking for an excuse to not have to pay workers.

[-] mosiacmango@lemm.ee 58 points 4 hours ago

I mean, he got it and it's actually a good one. Uncertain finances tend to cut into bonuses of all types.

[-] Ransack3@lemmy.world 6 points 2 hours ago

Thoughts and prayers for them lol.

[-] dual_sport_dork@lemmy.world 124 points 6 hours ago

They all thought the foreign company paid the tariff.

This is probably what Trump thinks, too. I can easily believe he is that stupid.

I'm also wondering just what the fuck Trump and co. are going to do with all the money obtained from these tariffs. Just, like, spend it all on hookers and blow or what? Remember how you all believed this was the party of "low taxes?" Yeah, guess what a tariff is, fuckers.

[-] Djtecha@lemm.ee 4 points 2 hours ago

When it's returned to the feds it's just destroyed. Federal return is just the return of debt, it's not more money.

[-] Showroom7561@lemmy.ca 36 points 5 hours ago

This is probably what Trump thinks, too.

100%. If he isn't reading it from a script that someone else wrote, he knows nothing about the topics he's talking about.

He even boasts about "knowing more than anyone about XYZ", yet, it can't expand on the subject, can't answer questions about it, is vague, and reminds me of how really bad LLMs answer questions.

[-] dual_sport_dork@lemmy.world 36 points 5 hours ago

I found some additional articles on what he said about this, and he did indeed flat out say he expects the "other countries" to pay the tariffs. For instance, this.

A sweeping tariff policy will kill two birds with one stone, Trump says: It could find a new source of revenue for the U.S. government, which could offset losses from lowering or eliminating certain forms of income tax, while extracting money from rival governments.

That's not how tariffs have worked at any point in history.

[-] Showroom7561@lemmy.ca 14 points 5 hours ago

Yup. He does a great job "selling" ideas that simply aren't grounded in reality.

Like that wall that Mexico was going to pay for. What an idiot. Did his base think the United States would just send Mexico a bill for work completed and expect them to pay it? You couldn't make this buffoonery up!

[-] Nasan@sopuli.xyz 8 points 4 hours ago

I had a boss like this. Had all these million dollar ideas but no capacity to consider that someone else had the same idea and it either made no damn sense or it had already been done and people went to jail for it. Motherfuckers dream up grifts halfway and think everyone else is an idiot or sucker for not acting on the "golden opportunity".

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[-] garbagebagel@lemmy.world 2 points 2 hours ago

Just, like, spend it all on hookers and blow or what?

Would this honestly surprise you?

[-] HonorableScythe@lemm.ee 3 points 2 hours ago

Considering the stories that came out about how they used the White House pharmacy as a drug dealer, no, it would not surprise me in the least.

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[-] TrickDacy@lemmy.world 52 points 6 hours ago* (last edited 6 hours ago)

The truly enraging thing about the voters who said they voted for trump due to economic concerns is HOW IN THE GODDAMNED FUCK do they think he's going to fix anything? To the extent that a president can change the cost of living, among the worst ideas is probably to fucking add fees to imports. This is his one idea and yet no one can explain to him the extremely simple negative effect that it would have on consumers.

This absolute fucking dope had one terrible idea for helping lower prices (which will certainly raise them) and the voters lapped it up without thinking. America is full of morons.

[-] TwitchingCheese@lemmy.world 33 points 4 hours ago

Studies generally show the economy does better under Democrats than Republicans, in measurements of CPI, GDP, job growth, and unemployment. Republicans however have a massive propaganda machine that has gaslit the country in believing the opposite. Frequently this is backed by short term plays that make things "feel" better but cause significant long term problems. Like a CEO firing the QA team, line goes up this quarter and by the time the consequences arrive they're gone and blame the next guy.

[-] Olgratin_Magmatoe@lemmy.world 11 points 4 hours ago* (last edited 3 hours ago)

They're operating under a lot of propaganda, and no understanding of economics. They're ignorant of the fact that Trump inherited the economy that Obama fixed, which is why at the time under Trump things were better. They're ignorant of the fact that Trump fucked everything up with his handling of the pandemic, previous tarrifs, and in turn fucked the economy up on the way out. They're ignorant that Biden was trying to clean up Trump's mess, and instead assign blame to Biden.

And every after all that, there is still the added fact that the president doesn't directly control the economy, and has limited options. But that doesn't matter to them. They've been sold a simple solution to a complicated problem.

[-] MutilationWave@lemmy.world 2 points 55 minutes ago

I tell people that the president has a huge lever on his desk that he uses to set the price of gas each day.

[-] AgentGrimstone@lemmy.world 7 points 3 hours ago

Congratulations. Ya played yaself.

[-] Corkyskog@sh.itjust.works 3 points 2 hours ago

Trump voter "Nuh, uh. My taxes are slightly lower and if it weren't for all this Biden inflation I would be able to afford things!"

[-] SkyNTP@lemmy.ml 50 points 6 hours ago

Hold MAGA voters accountable for their choices. Every. Single. Day.

Thanks Trump.

[-] skulblaka@sh.itjust.works 37 points 5 hours ago

I'm about to print off about a million of those "I did that!!" stickers that the magats loved to stick on gas pumps. You better believe those things are going everywhere.

[-] Hobbes_Dent@lemmy.world 1 points 48 minutes ago

I think guillotine stickers everywhere would make a point.

[-] SupraMario@lemmy.world 10 points 4 hours ago

Make sure to get pictures of the prices before and after and then toss them on the products with the new price.

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[-] linearchaos@lemmy.world 31 points 6 hours ago

not exactly shocking, not the first time Trump has made tariffs. Last time they drove the cost of house construction up.

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[-] Mouselemming@sh.itjust.works 103 points 7 hours ago

Is the owner of the company purchasing a year's worth in order to keep the price they charge down, or in order to raise prices in February when their customers expect it because of the new tariffs, and pocket the difference? While having avoided paying bonuses?

[-] leisesprecher@feddit.org 111 points 7 hours ago

Obviously I don't know the business in question, but it's quite possible that the company has a bunch of longer running contracts that would become a loss if the inputs become much more expensive.

Of course, businesses will use the opportunity to charge more, but sudden price hikes are a very real problem.

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[-] Nasan@sopuli.xyz 5 points 3 hours ago

If they're reputable enough and tend to operate in good faith, they could be giving their customers time to prepare for the incoming price hike. They'll probably lose customers that can't afford to operate with the new price later on but the transparency would go a long way towards maintaining healthy business relations with the remaining customers.

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[-] Hikermick@lemmy.world 7 points 4 hours ago

Tariff = tax

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this post was submitted on 07 Nov 2024
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