Trump says he will introduce 25% tariffs on autos, pharmaceuticals and chips.
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996? PRC?
You mean 007?
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Anyone who thinks we're not heading for a deep, deep recession is deluding themselves
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Potato chips are already overpriced!
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correct that's what I meant to say thank you
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That's covered in "lol"
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We don't manufacture cars in the United States we assemble them. Most of the parts for cars are made outside of the states. Mainly in China.
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I was at a hibachi place in December and one of the managers was trying to light a candle. The lighter didn't work and he made a joke that it "must be made in China. It'll cost 25% more soon!" A guy at the table said "well you'll just need to buy one made in Pennsylvania!"
I asked him if he knew of any companies that manufactured disposable lighters in Pennsylvania, and he just said "Trump will make it happen!"
The disconnect is crazy.
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But hey, at least we have bird flu infested eggs
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That’s how Twitter is run
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So, Americans will need to pay ~25% extra for cars, medicines and gadgets? Smells like inflation.
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Really thought they'd grow their own potatoes.
Guess there will be a market in importing whole ones, and cutting them up there.
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You forgot your sarcasm tag
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tariffs are just a tax on the plebs. more money for them to funnel into billionaire pockets.
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Shipping over water is actually pretty green, since they have huge ships carrying a bunch of containers with relatively little energy.
Building new factories in the States will create a lot more pollution. Concrete is the opposite of green.
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Unless, of course, you need to build new production facilities. That's not going to be as green as using the ones that already exist
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How is the Department of Education relevant? It was created in 1980, and it's not like we didn't have good education before then. It doesn't run schools, and it does a whole bunch of stuff largely unrelated to running schools. Schools are largely funded and run locally, and there really wasn't any standardization of education until Obama's "Common Core," and a lot of states still don't implement it.
Cuts to the Department of Education will largely not impact schools, at least not K-12. Universities could be impacted if federal loans and grants are cut, but that could also be a good thing since it'll cut the cash cow that allowed universities to jack up tuition and dramatically expand administration.
That said, even if engineering departments at universities are gutted, it'll be many years before we see impacts in industry, and there's a very good chance companies like Intel will fund scholarships and whatnot to keep those programs alive.
The Department of Education is one of the areas I think we should make cuts. End the federal student loan program but keep grants (should help cut university costs), end whatever created Common Core (should be an independent nonprofit that states and private schools fund for education research), and keep most of the rest (and probably rename it since it doesn't touch education much anymore). Oh, and investigate university costs to see what else is pushing prices up.
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India does too. Not sure about the rest of Asia.
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Disposable lighters are pretty easy to make though, it's just a lot more expensive to do it here (much more than 25% more). Things will just get more expensive, with maybe a handful of items being made here, but the net result will be more expensive stuff and some new, poorly paying jobs. Yay.
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Except for China-made Tesla right?
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I think you're underestimating the Department of Education's role in preventing red states from destroying public education. They can now do whatever they want with their education system and there is absolutely zero federal oversight coming their way. And you better believe Republican state legislatures are chomping at the bit for this one.
Edit: "champing at the bit" per u/slumberlust
