there is nothing I could possibly do that would alter how much it affects me unless I suddenly got a lot wealthier

Tariffs amount to a higher inflation rate / a regressive tax, as they will not subsidize local industry to any significant level. You will not see wage increases or more jobs from it. Probably the opposite.

This will be a quantitative change, it will look like 2022-2024 but with a higher effective inflation rate, translating into a transfer of wealth from the poor to the rich.

More people will experience what it's like to earn 10-20% less money and have fewer job prospects. One would hope that this teaches humility and solidarity, but in a country that only knows how to punch left, that will be an uphill battle that must nevertheless be fought.

Getting my financial situation shifted to risk adverse and saving as much as I can.

I bought two 16TB hard drives that I intend to fill with the content I generally pull down as I need it. Game roms, books, videos, a backup of Wikipedia(real). I'm already about 80% of the way there with preserving what I want to preserve. The other 16TB drive will be a copy. I can keep it in or around my toolbox at work just in case anything happens at the house, fire or flood, whatever.

I don't seriously consider content being harder to acquire in the Trump presidency considering that's mostly the Middle East, India and Romania if SoulSeek is anything to go by, but it gives me peace of mind.

As for spending.... what spending?

I'm poor, but I already only spend on utility and literally nothing else. It's helpful, really. I don't buy crap and always have money for what I need, but I know I'm the minority, here. I'm always willing to suffer if it means I have headroom, to my family's constant worry.

I cook constantly. I bake about two loaves of bread a week. My house generates baked goods on a constant basis for everyone around it, and I sell here and there. Flour is cheap, making variety is easy and everyone loves it.

You wanna survive this shit?

• quit streaming anything, pirate everything
• effort is money
• you don't need it
• only pay bills that can't be garnished or risk repossession
• name brand means poison
• see an ad? Never buy the product. Fuck em.

Run as close to the grain as possible. Don't buy their shit. Don't buy anything they're associated with and if they try to control something, starve yourself of it. Fuck em. Don't let the bastards win.

Finally getting a generator. I live in a rural area. Not having a generator was a huge hole in my setup. We also got a wood stove earlier this year for backup heat. I had longer term plans for solar but now it looks like that may be impossible since China makes all the equipment, and it's already difficult to balance the utility with the expense.

I'd mostly just be shocked a politician followed through on campaign promises

I think it's going to hurt me as a retail worker. Any retail worker knows, that your pay is usually based on how well your store is doing. And your store's profit is tied to the purse of the corporation that in turn, pays you. Now if Trump is dead set serious on wiping Immigrants out of the workforce and not willing to raise the wage and combat inflation (we know he won't). That just means the corporations will start cutting jobs than doing what's right.

And if hundreds of retail jobs are cut, so there will be store closures. Store closures happen, you're out of work because people will not want to pay the high prices of inflation once everything is in full swing.

So, I don't know how I'm preparing for this. It's going to upset a lot of my plans going into next year if my store is affected. I work at Wal-Mart and basically their stance is they're going to raise prices so we can expect to see jobs cut and store closures because of underperforming profits of said stores. Simply because a so-called "businessman" doesn't know how the fuck tariffs work.

As a shopper. I guess it's back to relying on Dollar Tree again...

Moved forward large purchases that cannot be delayed 5 years.

I am not changing my investments. My predictions on market impacts tend to be wrong. The stock market and the economy are not the same thing (market can be up during recession).

I am working to get healthier and update vaccinations. I don't know what is coming but being able to run, climb, and lift are versatile.

Whatever happens happens. Don’t really care that much anymore.

Gettin into mycology. Oyster mushrooms are a good meat substitute, and easy to grow

Upping my smelting and casting game to start producing gears and gear-based machinery

Somebody should make a website that tracks prices on goods and other items from the day Trump becomes president and throughout his term.

He said he would lower prices. His politics says the opposite. Let's see.

I'm lookin into and learning more about mini greenhouses and how/what is easy to start growing. If i am successful i want to show others in my town how to break some of kroger's grip cuz shit's getting real out here. It feels like something im maybe capable of, so i guess I'm starting by pretending i can.

the most expensive item I own is a bicycle and I've never had savings. i'm already $30k+ in debt so whatever

i'm gonna move to china as soon as physically possible

American

savings or investments

I don’t understand

Business won't let him do most of that. It was just loud fake superficial concepts of plans . His real task is staying in power. I think our biggest concern now is loss of immigrants.

ETA- i was initially pretty concerned and wanted to really cut back spending and increase savings. We will likely do some of that, but we're still planning little holiday trips and doing work on the house.

I may buy more dried fruit and bulk t-shirts.

im not, none of that shit is going to happen

Death to America

If you are an American, how are you preparing for the upcoming tariffs and possible trade war?

I'm not. I would love to, but there's not really much I can do as far as I can see.

What impact do you think it will have on you?

Are there critical items to purchase now that will be too expensive to afford next year?

Probably a lot of things. Contrary to what a lot of MAGA morons would like to claim, tariffs very rarely ever benefit the country establishing the tariff. Very few things are actually wholly made in America nowadays. With such a global economy, even things that are marketed as "made in America" are typically not made 100% in America. And even if they are, the parts are often sourced from around the world since, with modern shipping, that's actually cheaper typically than sourcing it in-country. (Not to mention that some parts can't be sourced in-country simply because no one exists to provide that service anymore.)

Are you changing your savings or investments?

Bold of you to assume that I have any extra money to put into either of those. I put in the same amount of money every week as I have the last while: whatever I can, which isn't much. I don't get paid shit for my job, yet prices keep going up. It's not like I have much money to adjust.

My husband finally bit the bullet and upgraded his computer. I’m planning to upgrade my phone before the year is out, because mine is 6 years old and probably not getting security updates for another 4 years.

Not that these things didn’t need to happen, but having it forced on us last minute has sucked.

Considering using it as an excuse to upgrade my PC to an actual high-end rig to avoid tariffs on PC parts. Never had a PC that was actually "high-end" but this could be an excuse to build one. Aside from that, not much at the moment. There's too much shit that'll be affected by tariffs and aside from my PC, I can't really see myself buying anything new that'll truly last me four years. As such, there's not much of a way for me to dodge tariffs.

It will be interesting to see what happens for sure. It’s hard to imagine there will actually be the tariff + removal of income tax proposal that trump said he would do. I’m not sure any democrat will go for it, so Trump won’t be able to do it if there are any republican defectors in congress, and at least some of them prob won’t do it as it they realize it will destroy the pocketbooks of their donors.