1010
(page 2) 50 comments
sorted by: hot top controversial new old
[-] Blackmist@feddit.uk 49 points 13 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?

[-] CafecitoHippo@lemm.ee 37 points 12 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 26 points 12 hours ago* (last edited 12 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.

load more comments (1 replies)
load more comments (4 replies)
[-] genXgentleman@lemmy.world 84 points 15 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 47 points 13 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.

load more comments (1 replies)
[-] Halosheep@lemm.ee 33 points 14 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.

[-] 1hitsong@lemmy.ml 10 points 12 hours ago

Anyone? Anyone? Raised or lowered? Anyone? Anyone know what this is?

https://www.youtube.com/watch?v=uhiCFdWeQfA

load more comments (1 replies)
[-] dual_sport_dork@lemmy.world 179 points 16 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 64 points 16 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 55 points 16 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.

[-] Showroom7561@lemmy.ca 28 points 16 hours ago

Yup. He does a great job "selling" ideas that simply aren't grounded in reality.

Like that wall that Mexico was going to pay for. What an idiot. Did his base think the United States would just send Mexico a bill for work completed and expect them to pay it? You couldn't make this buffoonery up!

[-] TheBat@lemmy.world 8 points 10 hours ago

And then people buy these unrealistic ideas and when they get harmed by reality, they somehow blame 'leftists', 'progressives', 'demon rats', 'Obama' or any other bogeyman for it.

[-] Nasan@sopuli.xyz 22 points 14 hours ago

I had a boss like this. Had all these million dollar ideas but no capacity to consider that someone else had the same idea and it either made no damn sense or it had already been done and people went to jail for it. Motherfuckers dream up grifts halfway and think everyone else is an idiot or sucker for not acting on the "golden opportunity".

load more comments (1 replies)
[-] Djtecha@lemm.ee 11 points 12 hours ago

When it's returned to the feds it's just destroyed. Federal return is just the return of debt, it's not more money.

load more comments (8 replies)
[-] chellewalker@lemmy.ca 85 points 15 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 89 points 15 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 5 points 9 hours ago

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

[-] Agent641@lemmy.world 23 points 14 hours ago

2025, Chinese year of the Leopard

[-] TrickDacy@lemmy.world 75 points 16 hours ago* (last edited 16 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 55 points 15 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.

[-] Olgratin_Magmatoe@lemmy.world 20 points 15 hours ago* (last edited 14 hours ago)

They're operating under a lot of propaganda, and no understanding of economics. They're ignorant of the fact that Trump inherited the economy that Obama fixed, which is why at the time under Trump things were better. They're ignorant of the fact that Trump fucked everything up with his handling of the pandemic, previous tarrifs, and in turn fucked the economy up on the way out. They're ignorant that Biden was trying to clean up Trump's mess, and instead assign blame to Biden.

And every after all that, there is still the added fact that the president doesn't directly control the economy, and has limited options. But that doesn't matter to them. They've been sold a simple solution to a complicated problem.

[-] MutilationWave@lemmy.world 6 points 11 hours ago

I tell people that the president has a huge lever on his desk that he uses to set the price of gas each day.

load more comments (1 replies)
[-] Mouselemming@sh.itjust.works 126 points 18 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 137 points 18 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.

[-] WoahWoah@lemmy.world 57 points 17 hours ago

This is almost certainly what's happening. The proposed tariffs will be very hard on American businesses and devastating for the consumer. It's quite literally a fairly severe tax on domestic companies and the American people. But, honestly, we could do with a less consumerism in this country. Unfortunately, it's likely to cause a tough economic downturn that will hurt poor people the most.

[-] Corkyskog@sh.itjust.works 10 points 13 hours ago* (last edited 13 hours ago)

Be hilarious if Trump simultaneously collapses the economy and starts a green movement built around an inherent need for a second hand economy.

[-] WoahWoah@lemmy.world 11 points 13 hours ago

Stranger things have happened. Like him getting elected, for instance.

load more comments (4 replies)
[-] curbstickle@lemmy.dbzer0.com 26 points 16 hours ago

that will hurt poor people the most.

As is tradition.

load more comments (1 replies)
[-] spankmonkey@lemmy.world 47 points 18 hours ago* (last edited 18 hours ago)

Large and small manufacturing companies have contracts for orders for months to years out with set prices, some of which might have wiggle room for costs but not to this extent. Plus manufacturing already tries to balance out costs across projects due to fluctuating prices for materials. If their materials double (or more) in price they will be screwed by the contracts and guaranteed to lose money on all of them.

Buying at the current prices means they will have to pay to have the materials stored in a warehouse, which will cut into their planned profits for those existing contracts. Hell, they might be buying at a higher cost than they normally would when fulfilling the contracts.

The company is getting screwed, not trying to fleece customers or their employees.

load more comments (1 replies)
[-] AcidOctopus@lemmy.ml 30 points 17 hours ago

Without having more detail I can't speak with certainty, but, general principles of inventory management and cash flow discourage having a surplus of stock, as that ties up a significant amount of working capital in the costs of storing and handling it all - you risk not being able to pay your liabilities because you've sunk all your funds into inventory that hasn't yet sold and generated more revenue.

Companies often have longer term contracts with specific prices agreed that can't always be easily changed. Those contacts could quite easily become unprofitable if there are sudden increases to the direct costs of fulfilling them. So, rather than trying to fuck customers, this company is likely trying to stock-up at current market prices to ride-out the first year of tariffs, but in doing so, needs a large injection of working capital to cover the expenditure (hence cancelling bonuses), and also puts itself in a very vulnerable position where cash flow is concerned by tying up that capital in inventory - any further sudden and unexpected costs could lead to the business folding.

load more comments (2 replies)
load more comments (11 replies)
[-] SkyNTP@lemmy.ml 60 points 17 hours ago

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

Thanks Trump.

[-] skulblaka@sh.itjust.works 49 points 16 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.

[-] SupraMario@lemmy.world 13 points 14 hours ago

Make sure to get pictures of the prices before and after and then toss them on the products with the new price.

load more comments (6 replies)
[-] NocturnalMorning@lemmy.world 103 points 18 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.

[-] ohellidk@sh.itjust.works 44 points 18 hours ago

Hey, exactly! The fact that we are even allowing this nonsense is a true testimony to how extremely important education is! If you remain ignorant, you are more easily persuaded to believe anything because you aren't taught what "bullshit" is, and have no real ability to think for yourself.

Education is freedom from ignorance.

load more comments (1 replies)
load more comments (3 replies)
[-] BigMacHole@lemm.ee 67 points 18 hours ago

Trump's Tariffs are BIDENS FAULT! And they'll STILL be Biden's Fault EVERY TIME I vote for the man who LITERALLY campaigned on creating these Tariffs!

load more comments (2 replies)
[-] linearchaos@lemmy.world 34 points 16 hours ago

not exactly shocking, not the first time Trump has made tariffs. Last time they drove the cost of house construction up.

load more comments (5 replies)
load more comments
view more: ‹ prev next ›
this post was submitted on 07 Nov 2024
1010 points (97.6% liked)

Microblog Memes

5699 readers
4680 users here now

A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

  1. Please put at least one word relevant to the post in the post title.
  2. Be nice.
  3. No advertising, brand promotion or guerilla marketing.
  4. Posters are encouraged to link to the toot or tweet etc in the description of posts.

Related communities:

founded 1 year ago
MODERATORS