Yep, it's going to make everything more expensive : politicalmemes

[+] Stupidmanager@lemmy.world 1 points 2 months ago

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[–] volodya_ilich@lemm.ee -1 points 1 month ago (7 children)

You mean like the tariffs to EVs that Biden announced?

[–] hark@lemmy.world 0 points 1 month ago

How dare you point out the hypocrisy?! Seriously though, people downvoting you need to understand that while democrats are better than trump on most issues, they're largely the same on this particular issue, so it's not exactly a point that can be pinned solely on trump.

[–] Ghostalmedia@lemmy.world -1 points 1 month ago (1 children)

Those taxes didn’t really impact many things that American consumers can already buy.

They mostly hit Chinese manufacturers that were on the edge of releasing sub-40k EV in the US. Example: Geely’s Volvo ex30. That thing is a very compelling alternative to what Tesla offers.

[–] MisterScruffy@lemmy.ml -2 points 1 month ago (1 children)

A cheaper ev hitting us market would impact what americans can buy,

[–] Ghostalmedia@lemmy.world 1 points 1 month ago

My point is that Biden’s 100% tariffs on Chinese manufacturers EVs do not increase the cost of living in the US. It basically keeps it the same, since Americans really aren’t buying BYD or Geely cars coming from Chinese manufacturing lines.

Trump’s proposed tariffs would increase the cost of goods people in the US are already purchasing, not just the goods people might purchase.

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[–] hark@lemmy.world -3 points 1 month ago

Too bad Biden kept the tariffs Trump instituted during his term and increased them. Trump will add even more tariffs during his term, but I'm not confident that the democrat that follows won't also keep and add onto them.

[+] 14th_cylon@lemm.ee -24 points 2 months ago* (last edited 2 months ago) (49 children)

That's how import taxes work. Now you may have incentive to spend your money at the local manufacturer, instead of chinese one, and he may have more money to buy whatever services you provide.

There is enough of dumb shit you can attack trump for, no need to attack him for the one that actually makes sense.

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[+] intensely_human@lemm.ee -33 points 2 months ago (12 children)

It will make things more expensive for consumers. But workers will have better wages, due to there being more jobs.

The economy is a set of feedback loops. Kind of like the brain. Trump’s tariffs will make things more expensive in the same way quitting cocaine will make everything harder to do.

[–] ReluctantMuskrat@lemmy.world 1 points 1 month ago

The tariffs only increase US worker wages if they are significant enough to promote domestic manufacturing. If we still can't produce the widget at home for the same or less expensively, then all we've done is create a federal sales tax on Chinese goods.

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Political Memes