No shit.
This is literally in the first paragraph of every economics textbook when they talk about tariffs.
And you don’t need a textbook to understand how the very basics of business work. You know, the thing people seem convinced he understands? A fucking toddler has more knowledge than Trump. The United States of America doesn’t have two brain cells to rub together
They heard lower taxes, and simply misunderstood that tariffs are another form of taxation.
How do you get by in life without reading? I mean, don’t you have to know what the symbols on clocks mean to tell time?
No, the first page is how it introduces inefficiencies into a supply/demand equilibrium, resulting in a lower quantity supplied and at a higher price.
No one who every studies economics, even in passing, would even consider another country paying a tarrif for something you buy. The concept is just… what?
Yeah, the, misguided, idea is that the increase in price from imports will drive domestic production, of those things, as the high prices reduce demand, and cut into profit margins. This used to be something that was a sensible assumption of what would happen. However the contemporary world has far too much infrastructure for tariffs to truly work like that any longer. It will, usually, be cheaper to increase the costs for the tariffs, than to restructure back to domestic production.
It could drive up domestic production, however there us a good reason we import, which is similar to your last point.
Bad example, but its the same reason you “import” Mexican workers - their skills and work ethic, along with willingness to work long hours for low wages. You aren’t going to get hundreds of thousands of Americans to decide to work in a sweat shop, or on farms, or doing handyman work for the same wages.
I was going to mention the low cost of a life in China, and the lax H&S, ethic and environmental regulations, but America is trending that way too.
My friend just got into a fight with some MAGATs on facebook about why we need things like civics education so we know what we’re voting for.
You’ll be shocked to learn the MAGATs called him a communist for daring to want to educate them. They don’t even want to open the textbook let alone read it.
It’s a certainty, not a fucking "likelihood’. That’s how they work.
You mean there’s no chance that Wal-Mart might choose to absorb the increased prices out of the goodness of their hearts? :o
I have a trick to get others to pay it for me:
just like mexico paid for his ‘wall’
I’m very glad I live in Canada.
Over 51% of men are voting for Poilivre in the next election. That’s across all age groups. We’re where we usually are: 5-10 years behind something the US is doing.
I hate to say it but the NDP need to replace Singh with someone more charismatic.
There’s too much Trudeau hate for the Liberals to have a chance. Too many people will be voting “anything but liberal” this election because they blame Trudeau.
Right now conservatives feel like the only other option because there’s also enough racists to not to vote for Singh.
We need another NDP leader like Jack Layton that people will see as a symbol of change or we’ll be following in the Americans footsteps.
I hate to say it but the NDP need to replace Singh with someone more charismatic.
Right now conservatives feel like the only other option because there’s also enough racists to not to vote for Singh.
Let’s be blunt, the last part is why Singh has to be replaced. This guy got us fucking dental care added to our universal healthcare and people fucking shrugged at it. Rural voters won’t vote him, that’s the ‘issue’ with him in charge.
So the NDP will be forced to pick a white guy to lead and then they can start wrestling away voters from the Lib and Cons. It sucks, but I guess that’s what Canada has decided it is.
EDIT:
Just to be clear, these are who Canadian voters preferred to win the presidency in the US:
Those Con numbers are bleak.
The USA screwing up trade never leaves Canada in a good spot. Our prices will go up too. And we’re about to suffer the same effect of mass ignorance after the next federal election when the voters elect a populist bigot with no idea how to run a country. We’re already suffering it in the provincial governments. Plus the bigots in Canada feel empowered to get loud and violent when the Americans are all doing it. I’m glad not to be living in the USA but we’re not looking forward to fun times.
I’ve heard that y’all have your own far-right, MCGA bullshit to deal with. Do everything you can to stop it. Get involved with as many organizations as you can and get as many people involved as you can. “It’ll never happen here” is complete and utter bullshit. Good luck, Northern brethren.
We’ve already lost that battle sadly. Alberta has Smith (think Marjorie Taylor Greene), the Cons, while refusing to admit climate change is real, and with a leader who spent his entire political career trying to repeal abortion rights/gay rights, have locked away the vote of men with 51%+.
In 2022, 41% of Con voters supported Trump. In 2024, it’s increased to 44% (higher than Biden or Harris in both, though.)
In addition, the Canadian Right-Wing’s favourite Prime Minister, Stephen Harper, heads up a global ‘get Right-Wing governments elected’ organization.
So I wish you the best of luck as well, though I fear we are on similar Germany-in-the-1930’s path).
Help the women and LGBT people in your life, they’re going to need it.
