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Fox News host gives Trump voters 1 huge reality check: ‘Let’s be realistic’ (www.huffpost.com)

submitted 2 years ago by MicroWave@lemmy.world to c/politics@lemmy.world

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Summary

Fox News host Julie Banderas warned that President-elect Donald Trump’s proposed tariffs—25% on products from Mexico and Canada and 10% on those from China—could significantly raise costs for Americans, as many businesses rely on foreign goods.

While some companies are shifting to U.S.-based suppliers or stockpiling goods ahead of the tariffs, Banderas noted that buying American often results in higher prices.

She highlighted that the financial burden would likely fall on consumers, questioning, “Who’s going to pay for that? We are.”

Economists have also warned of inflation risks.

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[-] anomnom@sh.itjust.works 9 points 2 years ago

It was fine until the 80s converted all the pensions into “mutual” funds. Now all our retirements are tied to the fucking stock market. We’re gonna need a general strick and the billionaires reckoning to fix this shit.

[-] explodicle@sh.itjust.works 6 points 2 years ago

Since the Nixon Shock you've had to either invest in exploitation or watch your savings evaporate.

Billionaires shouldn't even exist.

this post was submitted on 29 Nov 2024

394 points (96.5% liked)

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