he STILL doesn't have any understanding of how tarrifs work?
How do you STILL think this isn't all intentional? They know what they're doing. They don't care if we can afford it or not. This is about the conservatives' bottom line, lol. They don't care about you, America, China or whether any of it works.
I believe that he does, and he knows shit will cost more, but he ALSO knows that his followers have no clue whatsoever. So prices will increase, and he'll blame it on one of their many "others". Keeping them scared and mad is the key to their control over them
A candidate that expressed nuanced understanding of economic principles would have been less likely to win the election.
A candidate that instead promises answers that intuitively sound right. If imports are expensive, then obviously the big business owners will build domestic and give us more money. If you get rid of immigrants, then the business owners will have to pay more for citizen workers. Simple answers that are easier for people to believe in.
Attempts to explain nuance? That ranges from nerds overcomplicating things and/or those darned liberal elites trying to truck them.
This cuts both ways. In 2020 Biden won not due to a more sophisticated understanding of things, but simply because things were bad, and the other guy therefore was the obvious choice. So to overcome an incumbent, you just have to have people believe stuff is bad, and provide some believable explanation that you could fix it.
Things like this take a while to finalize, so you're good for now. Just wait until Black Friday to buy anything, since it's so soon and lots of computer stuff goes on sale.
Used electronics you already own goes brrr
Used electronics for sale will go up in price, because the seller needs money to buy new electronics or maybe food
I'm involved in the manufacturing sector. At recent trade shows, we've been hearing that a lot of companies were holding off on making decisions about purchasing goods and machinery until after the election, though no one was saying much specifically about what each candidate would mean for their decisions. This article seems to say the outlook isn't super rosy and his initiatives don't make a ton of sense.
I’m in manufacturing within China. While I’m not American and don’t work with American companies. Lots of our supply chain has said there is high levels of uncertainty in projects. Projects have been on hold for months.
Oh no, what will I ever do if I can't keep buying stuff I dont need.
"Americans might have trouble expressing greedy tendencies under a Trump presidency."
The entitlement of americans is absurd. Palestinian children are killed with made in america bombs while our population weeps over its loss of made in china electronics.
Clearly the american dream is dead if you can't replace your computer every year.
Your post right there? That's one of the reasons Harris lost.
Of course people (not just Americans) are selfish. Doesn't matter if it's good or not, that's just the factual truth. The Republicans knew how to work with that, by selling the voters a solution to the things that actually interested them. That's also what helped Obama ("Hope", though a bit vague) and Bill Clinton ("It's the economy, stupid") get elected (Yes, it also didn't hurt that they were rock stars). Now the Democrats are perceived not only as a party that's not willing to work on issues that concern them, but as actually criticizing them for wanting what they want.
He likes Russia so much that he wants the US to become like it. He’s following the post-USSR playbook. He’s trying to destroy the economy so he and his billionaire buddies can buy up the scraps for pennies on the dollar. Which will turn him into an oligarch and will keep him in power after his term is up. And he isn’t going to pay for any of it. He will steal money from the people like he did in his first term with his golf course and his cult following will keep giving him money and buy his crypto coins. That’s why he wants to get rid of cryptocurrency regulation.
They already have been. China has been working at circumventing restrictions by basically offloading raw materials or parts to Mexico and having them build the product to ship to the US.
It will at least be extremely funny to watch all the right wing gamer bro chuds freak the fuck out when an immediate consequence of their actions will be that gaming pc components instantly inflate 50% in price.
If you think that's funny just wait for all the construction bros to discover that Milwaukee is now a Chinese company and their M18 HD12 batteries suddenly cost >500 a pop
but but... Orange men said it was good for the economy, now I have to pay 2000 Dollars for a 5090? Why aren't they coming to America and produce here!?
yep! and by then it's too late. they've already shot themselves in the foot, they just haven't felt the pain yet.
edit - and honestly, if we were actually producing all this stuff locally and competitively, I would be OK with these chinese tariffs since it would encourage buying USA-made. The problem is that we arent, and probably won't be for a while. we'd all suffer in the meantime.
Do you know why we outsourced everything to China? Because they can do it cheaper.
You can get it back, have it higher quality, more jobs, better control over it, all that good stuff. But it won't be cheaper.
The US sells things they can make comparatively cheaper (not just price, its an opportunity cost) - better educated population, logistic, access to raw material, infrastructure investments. China sells things they can do cheaper - usually the fact that life is cheap in China.
These people have no concept of geo politics and global trade. For example, we produce a lot of the world's soy, that's a major export, not many other countries do it on a large scale like that - so we cut the other countries some slack and tell them we won't produce this particular good so you can have a hand in the global economy. Yes having the production here would be ideal as I'm all for it, but the world is so much more than Murica and they can't see past their fucking noses.
It’s way, way more than that. Specialization and comparative advantage underpins the entire globalized economy which is the only way to allow us to get more for the same amount of labor. Without it, we simply regress. US farmers grow soybeans so that Chinese manufactures can make the tractors to allow the US farmers to grow the soybeans, and that only works with free trade. And in this scenario there is no one else making a tractor for anywhere near the same cost, and no one else who can grow such a large volume of soybeans, otherwise the trade probably wouldn’t be happening in the first place. And so the alternative is that both countries have to make both independently. And that is more expensive without the efficiencies of economy of scale, more expensive because of lower supply because we don’t have the capacity to produce that many tractors and China can’t grow that many soybeans, and more expensive because of the infrastructure costs being duplicated and spread out over less units.
And so we both end up with less tractors and less food that are more expensive. Now add in petrochemical fertilizers imported from Canada, steel and coal for the metal used in the tractor imported from Australia, all the industries that support them also getting caught into this, and where every one of those companies is tied into their regional, national, and the global economy. And that is just for tractors and soybeans.
We trade for almost everything. And every single item that we trade, we do so because it is cheaper than making it ourselves. Tariffs are an artificial tax on efficiency, and we are literally less prosperous with them in place. Some things are a matter of national security, of not allowing a foreign government leverage over your society, but we’re talking about his genius plan to put tariffs on literally fucking everything - soybeans and tractors, but also clothing, toys, electronics, appliances, vehicles, on and on and on. And a tariff on it will increase the price, because that is just how economics works.
Trump is banking on foreign companies moving their operations to the US. There's also a high chance that Trump actually won't do anything. The guy talks a lot.
For years, us, Canadians went to USA for shopping. Next year with the exchange rate at the highest for US$, and Canada without tariff, a shit load of americans will come to Canada to buy their electronics and stuff.
$200 USD worth of goods per person, tax and duty freeAny purchase of alcohol or tobacco products may be subject to duties and taxes
48+ hours in Canada:
$800 USD worth of goods per person, tax and duty freePurchases may include 1 litre of alcohol, 200 cigarettes (1 carton), and 100 cigarsFamily members can combine their tax and duty allowances
I .Ean that's how it was for Canadians, it's not like we had an actual work around there either. People just don't bother to declare stuff when crossing.
Had a friend an acquaintance of mine say that this wouldn't happen because "Trump hates China so he'll defend Taiwan" He'll also "support Israel so Iran won't get so uppity!" He also believes that whilst Ukraine is probably fucked, at least the war will be over.
If country A sells most of an export to country B and country B makes it harder for country A to sell to country B, country A may raise prices for countries C, D and E to make up for the losses caused by country B.
Unironically what we're going to hear Trump say. But also, there's so much money in imports, I can see this plan getting bottled up and strangled in Congress very easily.
Not just Chinese goods, but Chinese components. That cost will be passed on to the consumer. There are A LOT of things that aren’t made at all in the US. If you thought cost of living was high under Biden…
Its a shame I don't have enough for solar yet. If you get it now its like getting a free battery if they are all getting a 40% hike. Probably gonna get rid of the tax incentive too cause the rich need it more too right?!
Gods I hope people stop buying useless crap every other week then and production slows down and then 'maybe' we can enjoy a somewhat better climate before things get worse.
At some point it becomes easier to just travel to places to buy your gpus and such. When I was in Singapore, their prices on electronics were both good and compatible with my own stuff. I visit there to see an old MMO friend and it's just... Closer to the source, I guess.