No shit.
This is literally in the first paragraph of every economics textbook when they talk about tariffs.
this post was submitted on 23 Nov 2024
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(9 replies)
Everything he will do contributes to anger, division and the collapse of the United States.
People will be angry but angry at the wrong people. No, let's not be angry at the guy for actively destroying everyone's lives. Let's be angry at blacks. Or gay people. Or transgenders. Or police. Or scientists.
Fucking dumb Americans.
Hearing more and more stories about companies cutting bonuses this year so they can buy more supplies now at cheaper prices. They know the prices will go up and they'll have to pass the increase to the consumers. But how much you wanna bet these companies will still raise prices even before they have to pay their tariff increases? They're gonna get extra money on the supplies they paid the lower prices on.
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(6 replies)
Ah, nice to see Lemmy wholeheartedly embracing our friend and source of truth, Walmart.
Tomorrow's headline: "Amazon says worker conditions will be bad because of Trump"
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(4 replies)
Realistically though, that's how tariffs just work. With products costing more, theoretically that should drive demand down and eventually lead to fewer imports. Of course, if there's still no competing product or the product is a basic necessity, then it'll likely just result in people paying more.
We tried this in 2017. Trump put tariffs on dishwashers, and American companies just raised their prices to match, pocketing the difference.
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(11 replies)
Yes, this is not news. News is supposed to be new information, this is entirely well known information, which stupid people just didn't care about
Pretty sure everyone was told this before the election.
Problem:
"Harris outperformed Biden’s 2020 numbers among white voters with college degrees. Meanwhile, exit polling from NBC News gave Republicans a 9-point gain with voters who never attended college."
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(14 replies)
Mango Mussolini's tariff plans will increase prices across the board. The corporations earned record profits during the so-called inflation and the US consumers that voted for Cheeto are fucking clueless about the inbound out of control freight train.
Oh well don't worry the out of control freight trains mostly poison trump voters in ohio and the water supply of all the red states.
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