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this post was submitted on 29 Apr 2025
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145% tariff is effectively a trade embargo. The only good that will be imported are of strategic nature... Ie medical supplies.
People will have either substitute or out right forgo consumers goods.
As I noted above I dont even disagree that end customer will eat part of the cost. My thesis is that we got brain dead normies running around repeating the cropotate thesis:
When the nuance is brought to light, the normie has a melt down. You can check my comment history. this ain't the first thread.
I don't under why modal Lemmy is so opposed to the concept that this will hurt corpos profits first.
Let's imagine that it does hurt corporate profits first. Will they survive? Probably the big ones, might be a bit harder for little ones. So the world keeps turning, right? But like you said the end customer will eat some of the costs, so we agree that prices will go up in the end.
Where's the upside? More money funneled into the government? Paid by the increased prices for the consumer, or some dips in corporate profits?
I'm not sure that's a win for the ~~consumer~~ normies.