Thank you Biden for saving us from affordability.
Paying high prices for everything sure makes me feel fancy, I couldn’t imagine affording stuff and looking like a total peasant!
Looking forward to splurging on the fanciest items of all -- groceries!
America / west is going to undergo hyperinflation.
2% normal? How about 10% and wages are going to continue to lag as poindexters and stat books remain suppressed. Employers use the lagging "industry standard" as an excuse to devalue their workers 8%+ a year while giving paltry crumbs claiming a simple Cost of Living raise.
🍿
for the quip about steel aluminum, the Steel tariff won't change much given that it's just matching the tariff steel got back in 2018 under Trump, the aluminum one though is going from 10>25% reletive to the one in 2018. Neither caused hyper inflation at the time.
The price of PVC pipe spiked really hard under Trump, and hasn't really recovered fully.
there were definitely some industries affected by it, but the inflation due to the tariffs were nothing compared to inflation due to Covid, neither being hyper inflation.
Literally all of that was before we decided to commit multibillions of dollars to a couple Nazi war efforts. These sanctions may be the same percentage, but they’re being implemented in an entirely different economic landscape.
I couldn't find it in the article, but is it a tariff from all countries? If not then this is a useless gesture and no one will get their jobs back. The new trend is Central America for manufacturing and Eastern Europe for white collar outsourcing.
It's just from the US, I'm pretty sure
I mean is it a tariff on importing from all countries to the US, or just a tariff on imports from china? I guess I could Google it
Just China -> US. German solar panels are not affected, if they exist.
Ah damn. Then no one will be getting their jobs back
Might as well just said "cheap goods"
Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.
Rules:
-- PLEASE KEEP POST TITLES INFORMATIVE --
-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --
-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --
-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --
-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--
-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--
-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --
-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --