Trump says he will introduce 25% tariffs on autos, pharmaceuticals and chips.
-
Fascinating
-
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.
-
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
-
For facist exceptions are the point. If you can curry favor you can get exceptions.
-
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.
-
Yes you do.
-
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.
-
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.
-
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.
-
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.
-
They’ll carve out a spot so Muskrat doesn’t lose any of his hundreds of billions.
-
- 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.
-
T [email protected] shared this topic
