Bernstein Posits That A 10 Percent Baseline US Tariff On Raw Semiconductors Is "Not Going To Do All That Much," But PCs, Servers, And Smartphones Are About To Get Pricier By ~40 Percent
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Everyone else will be able to trade
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Every country in the world needs all the other countries more than all of the other countries need it. There's just no real leverage, because we're all interconnected; you can snip one country out, and it'll slightly hurt everyone, but it'll *wreck* the country that was snipped out.
This is just such an absolutely perfect summary. I wish we could American politicians to speak this clearly to explain why this is such a bad idea.
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That would require American politicians to have a spine. Those are in short supply.
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They may not understand it, but they've fucked around long enough to get to the find out part of the equation. I just wish those of us that understand this and voted against this shit wouldn't be affected by it
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It wouldn't matter. The public doesn't listen directly to politicians, it gets filtered through the media first, and the media picks and chooses which parts they actually report. The people who would actually hear this already know. The people who would need to hear it never will because Fox won't show it to them.
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That was with very clear money laundering too.
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It's a massive and likely short term government tax increase for all consumers is what it all is.
Extra hundreds of billions of dollars taken from us by our corrupt government. All while I'm sure trumps inner circle bought Puts in the s&p several months ago so they can make even more boatloads of money.
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Now we're going to have to go north for medicine and graphics cards
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thank god we didn’t see a massive wave in inflation out of that.
Where are you that hasn't seen massive inflation since COVID?
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Part of me is wanting to put that new PC build I just started saving for on a credit card instead.
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Maybe reduced demand in USA will lower prices everywhere else...
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Considering that we're still paying COVID prices for most things, how surprising is this?
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Inflation from the Fed helicoptering money around was probably the most predicted thing that's happened in the last 50 years. It should have surprised literally no one.
It's also no surprise that it hasn't gone away. That's called deflation and every central banker on the planet would rather be eviscerated with a rusty spoon than allow deflation to happen.
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Markets will still consider it a win if Trump does not else good in the next 4 years except for extend the “tax cuts and jobs” billionaire and corporate handouts.
Of the Top 10 most profitable companies in the world 8 of them are American. Those 8 companies lost enough Market Capitalization in the last 24 hours to fund a mid-sized Country. "The Markets" are not fucking happy at all.
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So glad I built my pc last fall. Fuck all this bullshit and everyone that voted for it.
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Or didnt vote against it
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Except that's not what happened, companies used the slowdowns in shipping from Covid shutdowns as an excuse to raise prices, then never lowered them. This isn't inflation, this was intentionally planned, don't belive me? Listen to their fucking earnings calls specifically saying it out loud.
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The internet is about to feel a lot slower for us as more services move offshore to flee the taxes.
