• @[email protected]
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      7313 days ago

      People that can still afford stuff will be so cool. The hippest tech, biggest cars and newest kicks, everything will be uber exclusive. This is good for america because reasons.

      • @[email protected]
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        4713 days ago

        This is good for america because reasons.

        People with lifted pickup trucks can now go into even more debt, so they can flex on the “poors” (while complaining about their “economic anxiety”).

        • @[email protected]
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          1413 days ago

          Not to worry. If gas is a little cheaper while they fill up their tanks at the pump, they’ll be happy to pay [insert car financing company here] exorbitant amounts of money and think they’re winning

        • @[email protected]
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          111 days ago

          I think car industry regulations (ratio of gas per weight or something) are one of the incentives for production of such trucks. So again - this may eventually get better if “deregulation” stops being a curse. Not with Trump, of course.

      • @[email protected]
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        813 days ago

        Especially because every grift that trump has made, his shoes and the like, were all made internationally. Wonder who will pay for those tarrifs when he does the same?

      • @[email protected]
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        612 days ago

        If that is truly their plan, they are dumber than we fucking figured.

        If a billionaire wants to buy a swimming pool, he needs a considerable amount of other people to be able to afford swimming pools or it it becomes impossible for him to get one at all eventually.

        To have a swimming pool, there needs to be an industry of specialized labororers who can manufacture and install. There has to be electricians who specialize in mixing water and electricity. There has to be people working the factories where the chlorine gets manufactured and bottled.

        This is true for every product that billionaires consume. You really gotta think that these people with all this wealth would have people on the payroll pointing this out to them.

        • ℍ𝕂-𝟞𝟝
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          611 days ago

          That is more of a millionaire problem. A billionaire can afford to fly the specialists and the materials in from Europe.

        • @[email protected]
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          111 days ago

          Party officials in USSR kinda managed to keep such an industry for their nice things. It’s not as complex as computers.

      • @[email protected]
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        111 days ago

        This is good. Same way forest fires can be good.

        But those people thinking they’ll be the elite don’t quite realize how exactly.

    • @[email protected]
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      12 days ago

      And now do some basic Google Foo and find out what is manufactured in Taiwan. If China gets it’s way, because Trump thinks Xi is cool and he’s a good guy, China will just waltz in - TSMC, ASML and Trumpf have some safeguards in place as far as I know to destroy anything valuable. So while you might want to buy shit, you can’t because the Cheeto and his cronies collapsed it.

      • @[email protected]
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        211 days ago

        That would in long term be good. I’m serious. Keeping all your eggs in one basket is bad, and other than that - said one basket may, for example, not scale production fast enough so to keep profits, that’s basic supply and demand and that’s what oil producers do too.

        Short term, though, would be similar to a collapse of civilization.

        • @[email protected]
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          311 days ago

          Short term, though, would be similar to a collapse of civilization.

          Would it? Civilization doesn’t depend on bleeding edge high tech. Sure, it depends on tech, but look around who’s making ICs or basic processors that are in machine control panels and all the millions of appliances. AMD, Intel, Qualcomm, Broadcom do the “heavy lifting” in terms of monetary value, but in overall quantity? Samsung, SK Hynix, STMicroelectronics, Infineon, Sony, Renesas and NXP are the ones that make the world go round. Infineon is German, NXP is Dutch, Renesas is Japanese, STMicroelectronics is Swiss. The thing that’s really going to hurt is Foxconn, but they are probably global enough to withstand that. There’s also many, many more local players. BOSCH for example has very high capacities for everything up to 80 Nanometers (Pentium 3/4, Athlon 64…)

          Civilization would crack, sure - but i don’t think it would collapse. Society on the other hand…that’s a different paper.

          • @[email protected]
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            211 days ago

            Society on the other hand…that’s a different paper.

            I meant that too. But would actually be interesting, if electronics around us would still be a normal thing, but smartphones changing every year and carelessly used computing power will not. I think it would feel like waking up from a fever dream.

            • @[email protected]
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              111 days ago

              I mean, “change” per se isn’t necessarily something bad. Meaning, stuff needs to last longer (again) in those cases. Planned Obsolescence is a real thing, that’s however only economical as long as raw materials are relatively cheap. But it would be nice if companies just did that change, instead of being forced in to it…

              • @[email protected]
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                111 days ago

                The issue is - tariffs and regulations already exist and force them the other way in fact. So the matter of purity doesn’t suffer here. Relatively.

  • @[email protected]
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    13 days ago

    From this article

    But in the case of the hefty tariffs that Trump put on China during his first term, economic studies found that most of those costs were passed on to American consumers.

    Economists believe this could happen again. One study by the Peterson Institute for International Economics, for example, calculated that Trump’s current tariff plans would increase costs for a typical American household by $2,600 a year.

    Paying more for everything to own the libs! 🤡

    • @[email protected]
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      211 days ago

      These tariffs create American jobs and long term boosts American skills and manufacturing abilities.

      • @[email protected]
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        911 days ago

        I’m not sure it’s a safe bet. Only if the tariffs last longer than 4 years. Building new factories takes a couple years, then you need to break even all within 4 years? Just seems risky to me

      • Unlikely. In the age of globalism, it’s much more likely that manufacturing will leave the US to dodge counter-tariffs. The combined markets of Europe and Asia is for most products larger than the US market, and that trend is only likely to increase in the future as Asia develops. Manufacturers know making stuff in Asia is just cheaper, and that American consumers are more likely to go into debt to buy stuff than other consumers. They also know that these tariffs are unlikely to last for long, because if the US takes the expected economic hit here then it becomes less likely that Trump/the GOP remains in control (eg midterms flip control back to the democrats).

        Not much reason to move factories to the US, which is wildly expensive, when taking the hit and waiting it out is ultimately most likely cheaper.

      • @[email protected]
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        211 days ago

        It’s just a stupid way of doing it. Companies should be getting other incentives to bring manufacturing home. The middle and lower class shouldn’t burn for that to happen.

  • @[email protected]
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    9013 days ago

    And fridges, washers, dryers, tvs, vacuums, cars, phones.

    Basically anything that has a microcontroller you’re going to be fucked.

  • ✺roguetrick✺
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    12 days ago

    I’m actually really excited about the smuggling opportunities such a high tariff presents. It’s a real job creator. It’s been a long time since we’ve had major smuggling operations on the great lakes. Will be a big boom for Chicago too, since that’s the point where the smuggled goods get put on trains. Maybe even get the outfit back together.

    • @[email protected]
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      11213 days ago

      People think that foreign countries pay the tariffs and I’m not sure trump doesn’t think that as well.

        • @[email protected]
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          1313 days ago

          Not to forget these crazy machines that’ll give you free money if you smash in one of those weird plastic thingys from your purse. Absolutely bonkers!

    • @[email protected]
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      12 days ago

      I think the “logic” is that if things are too expensive to import then companies will start manufacturing them domestically and create jobs. But that almost never works out. An economist could probably explain why better than I can.

      I do know that the better approach is to support those industries here. That’s why we recently dumped a bunch of money into the CHIPS and Science act.

      • @[email protected]
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        12 days ago

        I am actually in favor of tariffs in a couple of limited situations:

        1. Foreign goods are cheap due to non-existent labor laws

        2. Foreign goods are cheap, but produce more emissions than domestic manufacturing

        #2 is also called a carbon border adjustment mechanism, or CBAM, and the EU voted to implement one last year that goes into effect in 2026. The USA desperately needs one IMHO. I’m involved in a nonprofit that’s been lobbying Congress to implement our own CBAM.

        It’s silly though to think that a tariff is anything but a tax. It’s not any different than any other way that we use our tax laws to try to regulate “pure” capitalism by encouraging certain behavior and discouraging other behavior.

    • 🦄🦄🦄
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      311 days ago

      Much like the grifters that they are, the Republican party does not have any convictions.

    • @[email protected]
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      1011 days ago

      I like how this has “Murrkans dumb” vibes, but this picture is intellectually far better than what average Russian thinks about economy.

      That said, 6+ bigmacs for an hour of minimum wage sounds very good. Actually it sounds like some heaven on earth.

      • @[email protected]
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        1311 days ago

        ‘Heaven is a place in Earth’ was, in fact, released in 1987 by Belinda Carlisle.

        Fueled by cheap Big Mac’s, no doubt, though the song neglects to mention them.

  • @[email protected]
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    2812 days ago

    look closer at everything you own. 99.9% of it will be 40% more expensive if you have to buy it again

  • @[email protected]
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    11 days ago

    Good work Gamers. Your hardware will be more expensive, but at least Biden won’t be suggesting a non-enforceable DEI directive at the HR of those game studios.

  • @[email protected]
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    11 days ago

    Apparently Google searches for “what is a tariff” skyrocketed after Trump won

    Also “can I change my vote”

    There are already quite a few regrets it seems, and the right wing are gonna learn how tariffs actually work real soon

    I’m guessing the money they raise will also be used to help fund tax cuts for high income

  • @[email protected]
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    1813 days ago

    Good, gaming is for chud man children and incels.

    Turns on Switch and looks at latest sales for jRPGs

    Really nothing but anime fans lusting after booba.

    Puts Unicorn Overlord in cart