How tariffs could hurt farmers in both Canada and the U.S. | The Narwhal

[daddledew@lemmy.world]

And I bet the food industry will use it as an excuse to add a whole bunch of greedflation on top of it as well like they did during the pandemic. Especially with the current administration, they know they'll get away with it.

[johnnycanuck@lemmy.ca]

That's wishful thinking. It won't last though; production will go down and prices will go back up. And while the prices are down the producers suffer. And when production goes down there's less money in the economy and we call that a recession.

[banana@sh.itjust.works]

Yeah fair enough. It is wishful thinking. That being said I also hope the recession leads to some deflation over time.

[tikiporch@lemmy.world]

That's OK, because rich people will be able to buy failing farms for pennies on the dollar, which is the point.

[stoptouchingyourphone@lemmy.world]

The Westons and Waltons of the world are cackling about this right now, guaranteed.

relevant 22 Minutes sketch

[nastybutler@lemmy.world]

broad 25 per cent tariffs

Percent. Not per cent

[thejml@lemm.ee]

After prices go up, if the market absorbs the change, they rarely go back down quickly or at all.. after all, if people can afford 25% more, why sell it cheaper?

[mg2130@lemm.ee]

This needs to be reposted every time the words “Trump” and “Tariffs” are in the same sentence, and/or paragraph.

[darkdarkhouse@lemmy.sdf.org]

Bankrupt the small farmers then buy up their land for cheap in foreclosure sales

[darkdarkhouse@lemmy.sdf.org]

Bankrupt the small farmers then buy up their land for cheap in foreclosure sales

[eagle0110@lemmy.world]

Per cent. Not percent

[rusticus@lemm.ee]

That already happened 50 years ago in the US.