Trump says he will introduce 25% tariffs on autos, pharmaceuticals and chips.
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Pretty sure they had BIC windsurf boards in Canada when I was a kid.
Edit: Shit, they still do too, as of 2008.
Fascinating
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On the one hand, fostering local production of these goods is positive for national resilience, and also has a chance to reduce shipping around the world, which is bad for the environment.
On the other hand, good fucking luck, lol.
Yet he supports oil.. Which accounts for a sizeable share of international shipping. This is while the US doesn't have enough refining capacity for the type of oil we produce.
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Here's what I would tell someone that thinks manufacturing is coming back.
Say you're a factory owner and goods are costing too much to import from China. Your trusty Excel sheet tells you that, with the tariffs, you can make your widgets for the same price in America.
But you're a smart capitalist! You know these tariffs are going to end up wildly unpopular and will be rescinded sooner rather than later. In any case, the economy may tank and no one will be able to afford widgets.
Yet another problem is that tariffs will make American widgets toxic on the international market. Canadians are already looking to shed American imports.
Now are you, Mr. Smart Capitalist, going to risk building an American factory and get left holding the bag?
Alternate:
"Know what the Smoot-Hawley Tariff Act was?"
To wit, you can send a message by adding a "Trump Tariff Tax" instead of changing your base price, just to clearly articulate to the simpletons that thought this would lower costs
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Those new AI datacenters will get hit hard by that if it goes through. And Elon Musk is still trying to build them. That is a 25% tarrif on every CPU, motherboard, NVME drive, GPU, network switch, and optic.
Unless import duties only apply to chips not soldered into devices in which case all the foreign produced stuff is fine and the American assembled stuff is no longer competative. Oops
For facist exceptions are the point. If you can curry favor you can get exceptions.
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That 25% magic number
He’s incapable of complex thought. Tariff use is supposed to be nuanced and in line with price differences between American production costs and foreign ones. They are meant to make American products competitive but balanced to limit inflationary side effects. Not done in big dumb across the board numbers like this. He’s fucking stupid.
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It's possible AI data centers will just be outsourced to other countries. You don't really need the data center to exist locally in the US
Yes you do.
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How does this help with inflation? He is screwing the people he claims to help.
Tariffs (originally from Arabic: تعريفة) are a tax paid by the consumer. All inputs will be more expensive even for US produced goods.
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tariffs are just a tax on the plebs. more money for them to funnel into billionaire pockets.
Anyone who thinks tariffs will do anything at all positive for the American working class is absolutely clueless.
All they do is make prices jump for consumers. It doesn't put domestic goods at an advantage because the domestic producers of those goods increase their prices artificially to achieve parity with import pricing.
So prices go up for the consumer with the extra money going to either:
- For imported goods, to pay the tariff, a tax, to the government, which in this case wants to use that tax revenue to offset tax cuts for the wealthy.
or
- For domestic goods, it's pure straight profit for the unethical corporations who are price gouging their domestic customer base. They're not giving the consumer a break on price and they're not sharing the profits by giving employees raises. Hell, they're not even taking advantage of the competitive advantage to ramp up production and create jobs. They're just pocketing that extra cash for doing exactly what they're always doing...passing it on to, you guessed it...the wealthy.
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How does this help with inflation? He is screwing the people he claims to help.
Tariffs (originally from Arabic: تعريفة) are a tax paid by the consumer. All inputs will be more expensive even for US produced goods.
It doesn’t hurt him and his rich cronies.
He doesn’t care about the people who elected him.
He’s just trying to be a tough guy and flex.
He’s always made others pay the price for his actions, whether it be bankruptcy, stalling them in court, or just outright not paying.
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Anyone who thinks tariffs will do anything at all positive for the American working class is absolutely clueless.
All they do is make prices jump for consumers. It doesn't put domestic goods at an advantage because the domestic producers of those goods increase their prices artificially to achieve parity with import pricing.
So prices go up for the consumer with the extra money going to either:
- For imported goods, to pay the tariff, a tax, to the government, which in this case wants to use that tax revenue to offset tax cuts for the wealthy.
or
- For domestic goods, it's pure straight profit for the unethical corporations who are price gouging their domestic customer base. They're not giving the consumer a break on price and they're not sharing the profits by giving employees raises. Hell, they're not even taking advantage of the competitive advantage to ramp up production and create jobs. They're just pocketing that extra cash for doing exactly what they're always doing...passing it on to, you guessed it...the wealthy.
Anyone who thinks tariffs will do anything at all positive for the American working class is absolutely clueless.
That’s the entirety of trump’s followers.
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Those new AI datacenters will get hit hard by that if it goes through. And Elon Musk is still trying to build them. That is a 25% tarrif on every CPU, motherboard, NVME drive, GPU, network switch, and optic.
Unless import duties only apply to chips not soldered into devices in which case all the foreign produced stuff is fine and the American assembled stuff is no longer competative. Oops
They’ll carve out a spot so Muskrat doesn’t lose any of his hundreds of billions.
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Anyone who thinks tariffs will do anything at all positive for the American working class is absolutely clueless.
All they do is make prices jump for consumers. It doesn't put domestic goods at an advantage because the domestic producers of those goods increase their prices artificially to achieve parity with import pricing.
So prices go up for the consumer with the extra money going to either:
- For imported goods, to pay the tariff, a tax, to the government, which in this case wants to use that tax revenue to offset tax cuts for the wealthy.
or
- For domestic goods, it's pure straight profit for the unethical corporations who are price gouging their domestic customer base. They're not giving the consumer a break on price and they're not sharing the profits by giving employees raises. Hell, they're not even taking advantage of the competitive advantage to ramp up production and create jobs. They're just pocketing that extra cash for doing exactly what they're always doing...passing it on to, you guessed it...the wealthy.
- assumes that domestic producers can produce with similar costs as their international competitors, which obviously isn't the case in most circumstances. In fact, the entire point of tariffs, that are meant to protect domestic industry, is raising domestic competitiveness. If they'd already be equally competitive to international producers, tariffs wouldn't do much.
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