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.
My sister’s fiance thought just because an iPhone (for instance) was designed in the states that it wouldn’t be subject to tariffs, despite being made in China and using foreign parts.
To be fair, an iPhone could be manufactured entirely in the US it would just cost 4x as much. Maybe 10x, actually.
CPU manufacturing would be the hardest to bring online. The second most difficult one would be screens (though we may not have tariffs with South Korea 🤷).
In the US there’s already plenty of PCB manufacturing, CNC machining (case), ultra hard glass (screen) manufacturing, and it’s relatively easy to ramp up capacitor and resistor manufacturing. Things like USB C connectors would need some company to step up though.
Only TSMC can produce the SoC which is a huge problem. An US produced iPhone would be something quite different no matter the price.
How can a financially broken, over stressed, oppressed public fight? This is by design, to further oppress, divide and conquer. But I’ll wait over here with the other couple million people that have been screaming this for months till the shit hits the fan and we can actually start working toward a common greater good.
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.
Most Americans do not follow the markets and are clueless to their existance. You are giving them too much credit.
Till, until, and 'til are all valid and equivalent with till actually being the oldest word of the bunch. I found this out the hard way when I made fun of a school poster for using what I thought was the wrong till
I think that’s the thing. The system will fail if all these policies are put in place. But at this point, it sounds like a lot of voters need an example of what such a failure looks like.
That’s kind of my point. They don’t want to believe the truth, they will just have to experience reality. It’s like a kid and a stove, sometimes they will only learn if you let them touch it.
I agree in principal, but my concern with this is that people will see it happening to them, done by trump and will believe trump when they’re told that they’re suffering because of “the illegals” or the “woke mind virus” or whatever doublethink bullshit trump’s advisors come up with.
Trump is simply proving that he is a Russian asset. He’s taxing American allies more than their rivals.
Here’s the thing. Even if the terrifs, somehow, didn’t directly cause inflation, the fact that we are taking about inflation means that companies can raise prices and gouge just like last time.
Deflation is actually really bad. It essentially means that not spending money is the best option, which makes it so people stop buying as many things and the economy slows down dramatically. A small amount of inflation is ideal. It encourages spending but doesn’t do much harm either.
This sounds completely backwards, like if you are talking purely about investment.
If not it seems to completely ignore that high prices alone would discourage spending, particularly on non-essential things (even then, don’t think for a second that there aren’t people skipping healthcare or meals).
The only other way I could interpret would be that high prices force people to spend more money on just essentials (even if they’re buying less than they otherwise would), somehow painting living paycheck-to-paycheck as a good thing because it means more money in the economy.
That’s actually neoliberal propaganda and not true. “The economy” in the context of GDP turned out to really mean “rich people”.
The “Buy American” companies will raise their product prices to match the foreign companies hit by tariffs. Governments and corporations NEVER pay tariffs. They pass on the tariffs to consumers in the form of higher prices.
