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this post was submitted on 30 Nov 2024
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No. The only thing that will happen is that US prices will sky rocket. Just check out the price of washing machines under his first presidency.
https://youtu.be/_-eHOSq3oqI?si=91ailoBQ2DadAuYC
I didn't say prices wouldn't go up. Byt I don't think someone like him worries or cares about how much people will have to pay to replace their washing machines. Do you think he cares about that?
No of course he doesn't care as it doesn't affect him. He is rich and don't give a single fuck about anyone but himself. The whole giving him a chance to negotiate is also BS. China and other countries will never pay these tarrifs and therefore it will be more expensive because the cost will be higher for the end consumer
The do pay if their are products of the same type, eg. one is Chinese with the tarrifs priced in, the other from a country without that tariff on it. Consumers will choose the cheaper option over the Chinese tarrifed version (resulting in less sales).
Producers in china then report lower sales in the American market, putting pressure on their government.
So although the cost is theoretically paid by consumers it is still a form of pressure (depressed sales) on the producer. That's what I meant in seeing it as a possible negotiating tool.
The left/right political narrative is elsewhere though, not in a place that is about investigating these angles of understanding. That's okay. I accept that.
That's not how it works. Other products will also become more exspensive as a result. The competitors will not hold back on the prices.
That's a different topic with various factors involved... But generally pricing someone out can keep a competitor off shelves. Most companies want to secure marketshare.
This is not the same as what happened during covid, which effected the whole of the domestic market at once. Obviously tariffs on specific importants is a different effect than that.
No, that's the point. Both the less exspensive and the exspensive products will go up in price because of this. Just look at what happened with washing machines under Trumps first period. They went way up in price and drying machines did also go up in price. This will happen to most products in general if these tolls will be implemented. China will never pay for these tarrifs and the consumers will be the ones that has to.
China pays in the form of making less sales/exports.
....and no, prices of Cars can't be blamed on tariffs on washing machines. Nor can market rules be derived from "what happened under Trump". COVID global supply shortages also happened under Trump.