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[-] Mariemarion@lemm.ee 15 points 4 hours ago

And it's sooo typical of their hyper-inflated personal and national egos:
They didn't wonder for one minute why on earth foreign companies would pay up. For the honor or doing business with the greatest country on earth tm? Because they'd have no choice of other buyers, since no other countries has car / computer / whatever manufacturers who'd buy their products instead?

They. Are. So. Fucking. Insular.

[-] SaharaMaleikuhm@feddit.org 16 points 6 hours ago

Most people on this planet are dumb as shit. More at 11

[-] ToastedPlanet@lemmy.blahaj.zone 30 points 8 hours ago

Wow, the turn around time on that was fast.

[-] LadyAutumn@lemmy.blahaj.zone 23 points 6 hours ago

Life under Trump in 2024 will be orders of magnitude worse than life under him in 2016. It won't take long for Americans to begin to feel strong consequences of the election result.

[-] ToastedPlanet@lemmy.blahaj.zone 12 points 6 hours ago

I guess I forgot some people knew what to expect from a second Trump term and would plan accordingly. It would have been nice if this guy had sat these people down and had this talk before the election.

[-] m4xie@lemmy.blahaj.zone 7 points 3 hours ago

Perhaps telling all his employees that if Trump won he'd cut their bonuses would be taken as attempting to threaten their vote?

[-] ToastedPlanet@lemmy.blahaj.zone 4 points 3 hours ago

How about a seminar on tariffs though.

[-] AlecSadler@sh.itjust.works 37 points 9 hours 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.

[-] DJDarren@thelemmy.club 15 points 6 hours ago

On the other hand, there’s nothing you can do anyway, so the only option is to let them burn.

[-] AlecSadler@sh.itjust.works 11 points 6 hours ago

You. I like you.

[-] Zementid@feddit.nl 9 points 7 hours ago

The anger stems from their ignorance.

"Fuck around and find out" is literally the only way to learn in "basal" levels of intelligence.

[-] lepinkainen@lemmy.world 3 points 5 hours ago

I’m just making popcorn for the show when leopards start eating faces

[-] aesthelete@lemmy.world 7 points 7 hours ago
[-] Blackmist@feddit.uk 42 points 11 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?

[-] nucleative@lemmy.world 15 points 7 hours ago

Global trade drove the cost of supplies and goods down to the lowest available prices, so while setting tariffs may encourage local production because it makes overseas less attractive, the price of goods still goes up on both scenarios.

If moved locally, there will be more local labor required for production but it's not clear if that is a net benefit.

Hypothetically under globalism more developed countries shed their "dirty manufacturing labor jobs" and move more people upmarket. Of course this is matter of nonstop debate among economists because as we all know the whole population of a country can't move upmarket together and a lot of people were/are screwed because of lack of education and opportunity to develop themselves.

In an ideal implemention of this, more people would be moving to the arts, self expression, and technology, while fewer are involved in survival activities like shelter and food.

I think the unsolved problem now is that average people believe way too much of that wealth went to the top while the middle class is working harder than ever and getting less.

[-] CafecitoHippo@lemm.ee 30 points 10 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 17 points 10 hours ago* (last edited 10 hours 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.

What do you mean my car is now valued for so much less? Well see all the parts are all manufactured overseas, so we have to pay tariffs to acquire the parts and they cost much more. Higher repair costs, lower value. Also, your car insurance just went up.

Repairs on any products you currently own, more expensive.

Don't worry, in 10 years these prices will stabilize and we'll still have 8 dollar an hour minimum wage, but a new car only cost 80,000 starting. Well that's MSRP, Desantis banned direct sales of ICE cars without going through a dealership, so they need their cut.

We were going to subsidize vegetable based meat substitutes to drive the cost of food down, but instead we decided we should ban lab grown meats from existence, and not subsidize the vegatable based meat because if I I don't know if I'll like it, NO ONE else is allowed to try it!

Welcome to America, home of our grave

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[-] genXgentleman@lemmy.world 74 points 12 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 41 points 11 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 22 points 9 hours 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 30 points 12 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.

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[-] dual_sport_dork@lemmy.world 166 points 14 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.

[-] Showroom7561@lemmy.ca 58 points 14 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 52 points 14 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.

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[-] chellewalker@lemmy.ca 79 points 13 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 81 points 13 hours ago

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

[-] lol_idk@lemmy.ml 4 points 7 hours ago

I grew up in SWPA. Absolutely the most small minded place I've ever been. F that place

[-] Agent641@lemmy.world 20 points 11 hours ago

2025, Chinese year of the Leopard

[-] TrickDacy@lemmy.world 69 points 14 hours ago* (last edited 14 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 51 points 13 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.

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[-] Mouselemming@sh.itjust.works 118 points 16 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 127 points 16 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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[-] SkyNTP@lemmy.ml 57 points 14 hours ago

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

Thanks Trump.

[-] skulblaka@sh.itjust.works 46 points 14 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.

[-] NocturnalMorning@lemmy.world 100 points 16 hours ago

Unfortunately, this kind of ignorance comes from a weakening of our education system. It's not just on them that this has happened, and its only going to get worse if we don't try to stop it.

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this post was submitted on 07 Nov 2024
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