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Two-thirds of Americans think Trump tariffs will lead to higher prices, poll says
(www.theguardian.com)
Way to shoot ourselves in the dick.
this post was submitted on 26 Nov 2024
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Not just yourselves... it will probably send Canada and Mexico into a recession as well.
Yeah. It will probably suck for Canada too, but hopefully our government does the right thing and strengthens our ties with other markets in Europe, South America, and Asia. Really sucks how the past few years the Canadian government has torpedoed a lot of good international relations that would be really beneficial to have going into the Trump administration.
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A Harris poll reveals that 69% of Americans believe Donald Trump’s proposed tariffs would increase consumer costs, with many planning purchases ahead of his inauguration to avoid price hikes.
Galaxy brain economics.
I mean when they drew it up they showed commuter costs were up hundreds of dollars a piece. If he does what he says he was planning to do every company's IT budget is shot. If people thought they had old computers before, no chance they are getting upgraded if that happens. Instead of saying new laptops every 3-4 years and desktops 5 years they'll likely just switch back to desktops and say every 6 years, cutting out paying for docks/port replicators, and having more reasonsl to force users into office to get people to quit and cut payroll costs as well. Bottom line still goes up, CEO and stocks go up, quality of product/service... Goes down
Note obviously that cuts into the network infrastructure and all software licensing as well. You have to renew licenses, maybe can cut some cost if you cut staff, but it means forcing more users to cheaper software, and likely holding off all wireless access points upgrades/installs, new fiber runs etc
I like how the headline says 2/3 of Americans "think" tariffs will lead to higher prices. The other 1/3 aren't thinking at all.
Tariffs are passed on straight to the consumer and the main outcome is that Americans will need to pay more. Demand for products from other countries isn't going to suddenly disappear. Some things can't be easily made in the USA, and sometimes the items made overseas are a higher quality product.
It's like rebates - they very rarely benefit the consumer. Having a 30% rebate for solar panels is fine, but it means the prices are at least 30% higher than they should be, which is obvious if you compare US prices to European and Australian prices for identical systems.
The illegal tarrifs on Canadian softwood lumber raised the price of a single family home in the US by more than $10,000 while Canadian lumber companies enjoyed record profits because demand remained high. The tarrifs are intended to allow less cost effective American companies to charge more by making more cost effective foreign products more expensive. It's about raising prices.
Trump voters voted to pay more to make rich people richer.
I was told that Trump got elected because of the economy.
"bUsInEsS mAn GoOd!!!!"
Man, if only they could read they'd know how not good at business he is.
These dipshits only know what Trump's name looks like. That's how they find him on a ballot and fill in the box.
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This may seem odd, but remember: greater than 2/3 of eligible voters did not vote for Trump.
True... but the non voters are dumber than Trump voters. At least the Trump voters understand that voting matters.
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New cars coming from Canada or Mexico? 25% more expensive. American cars ~~made~~ final assembly in USA with tons of parts from Mexico/Canada will be $$ too. And about every piece of electronics 10% more expensive too.
Does Trump know that drugs like fentanyl is being made in USA? Does he thin~~g~~k drug manufacturer/dealer all come from mexico/canada/china?
Does he thin[k] drug manufacturer/dealer all come from mexico/canada/china?
Yes. That's the racism.
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Lol.
We're such an unforgivably stupid society.
It doesn't matter what politicians we choose. It doesn't matter if the "pendulum swings back". We're stupid. Wherever the pendulum is, we're still stupid. So we're still going to trend downward, because that's the only direction a stupid society can go.
So, at least a 1/3rd of them voted for higher prices? I mean it's fine if that's what they wanted I guess.