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.
And it won’t be once sales drop precipitously across entire industries. Lots of manufacturing simply doesn’t exist in the US anymore, and there isn’t enough time to start it up before massive economic impacts.
The effects of this Trump administration will be clear and they will be bad. I’m somewhat optimistic that they will eventually start to generate a kind of unity we haven’t seen in the US in a long time. But, to be clear, it will be a very, very, very rough few years to get there, and it assumes the world isn’t consumed by massive wars anyway.
What’s gonna happen is that prices will go up, and companies in the US will gouge even harder on top of that because they have an external excuse to. Maybe things will get so bad that Democrats are able to win in the next election, but after the Biden administration, it’s not like they have any credibility when it comes to standing up to price gouging in any meaningful way.
Democrats will need a candidate who isn’t some preordained corpodem like the last 3 cycles. Because if they do that again, they will be running as second worst yet the fuck again, and any noises they make about wanting prices to come down or wages to go up will be just that. Noise.
I’ve been asking people, might as well ask you. When’s the right time to cash out of the casino? Maybe buy puts?
Might seem crass to talk about making money off this disaster, but I have people I love to take care of.
Depends, are you near retirement age? Else holding for another 20 years is nearly always the right move. Hold and buy the dip, if at all possible.
Most Americans do not follow the markets and are clueless to their existance. You are giving them too much credit.
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.
