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Good. I hope he does it. Don’t let any of his yes-men or cronies tell him what a horrible idea it is. Let the whole fucking country burn.
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… what
The joke is twofold:
- Some people, mostly authoritarian communists, claim that the ‘tankie’ is being used to describe anybody too far left.
- Democrats are by now very right on immigration.
This post is about tariffs.
Democrats will stop calling for deportation when they see what kind of bottom line putting people in labor camps brings.
TIL, lots of Trumps voters don’t even know how tariffs work and thought the foreign companies are the one who paid those instead of the domestic buyers themselves.
Even if, did they think prices would just stay the same? Tariffs only work if production is moved back home, which for many industries won’t happen, which means costs will be passed on to consumers.
Also, the costs would still be passed on to consumers even if the production was moved back home, because it will cost more in general. And gotta keep those profit margins up.
Doesn’t matter who the tax is levied against. All costs will be passed on to the buyer. They should be familiar with this idea. It’s the Republican’s key talking point against business taxes.
Mexico about to make a killing in shipping.
They already have been. China has been working at circumventing restrictions by basically offloading raw materials or parts to Mexico and having them build the product to ship to the US.
Hola world.
American Kazahstan.
Brought this up to a friend who is very pro Trump and he said
“Part of trying to get industry back in the country (which we would be better off with) involves making imports less appealing.”
Yes it does.
Do you know why we outsourced everything to China? Because they can do it cheaper.
You can get it back, have it higher quality, more jobs, better control over it, all that good stuff. But it won’t be cheaper.
The US sells things they can make comparatively cheaper (not just price, its an opportunity cost) - better educated population, logistic, access to raw material, infrastructure investments. China sells things they can do cheaper - usually the fact that life is cheap in China.
I agree with a lot of what you said. “Better educated population.”
Doubt
While I mostly agree, but let’s not underestimate Chinese education and the culture built around overachieving.
Nah, I was joking about the fact I wouldn’t say we are more educated than anyone ever again. After this week, I’m going to assume we are around 192nd in education, maybe 193rd. Out of the 193 members of the UN
Sorry clarification.
I listed things a country may have that can create a competition advantage. I’d also argue the better infrastructure for the US as well.
Just be sure to remind him at every opportunity that he voted for things to be more expensive.
I will
Three different ways trump has promised to his effective income
- Tariffs - prices directly go up
- Income taxes will be raised unless he’s in the 1%
- Mass Deportation will make food more expensive because there won’t be any Latinos to pick crops.
These people have no concept of geo politics and global trade. For example, we produce a lot of the world’s soy, that’s a major export, not many other countries do it on a large scale like that - so we cut the other countries some slack and tell them we won’t produce this particular good so you can have a hand in the global economy. Yes having the production here would be ideal as I’m all for it, but the world is so much more than Murica and they can’t see past their fucking noses.
It’s way, way more than that. Specialization and comparative advantage underpins the entire globalized economy which is the only way to allow us to get more for the same amount of labor. Without it, we simply regress. US farmers grow soybeans so that Chinese manufactures can make the tractors to allow the US farmers to grow the soybeans, and that only works with free trade. And in this scenario there is no one else making a tractor for anywhere near the same cost, and no one else who can grow such a large volume of soybeans, otherwise the trade probably wouldn’t be happening in the first place. And so the alternative is that both countries have to make both independently. And that is more expensive without the efficiencies of economy of scale, more expensive because of lower supply because we don’t have the capacity to produce that many tractors and China can’t grow that many soybeans, and more expensive because of the infrastructure costs being duplicated and spread out over less units.
And so we both end up with less tractors and less food that are more expensive. Now add in petrochemical fertilizers imported from Canada, steel and coal for the metal used in the tractor imported from Australia, all the industries that support them also getting caught into this, and where every one of those companies is tied into their regional, national, and the global economy. And that is just for tractors and soybeans.
We trade for almost everything. And every single item that we trade, we do so because it is cheaper than making it ourselves. Tariffs are an artificial tax on efficiency, and we are literally less prosperous with them in place. Some things are a matter of national security, of not allowing a foreign government leverage over your society, but we’re talking about his genius plan to put tariffs on literally fucking everything - soybeans and tractors, but also clothing, toys, electronics, appliances, vehicles, on and on and on. And a tariff on it will increase the price, because that is just how economics works.
we could have a more robust economy where we do make everything and they make everything and nothing needs to be more expensive, if we just let it be less profitable
And a tariff on it will increase the price, because that is just how economics works.
this is not very scientific.
No, but its exactly correct in a short sentence. Science wishes it could be that exact.
Please tell me any way a tax, an additional cost added on to something could lower the price.
it’s not causal
The cost of getting the goods to consumers goes up. Does the consumer pay:
A) More
B) Less
C) The same
This election was decided by the majority of people in this country not being able to answer this very simple question
Edit: oh shit I didn’t even notice it was you lmao I see you’re still roleplaying The Person With The Worst Takes
why did the cost go up? what other variables are at play?
Good guess, but that wasn’t one of the options. Does the consumer pay:
A) More
B) Less
C) The same
I promise you, if you think about it for even a moment, this has a very intuitive answer
we can’t know
There are chinese tractor companies? I only know US, Italian, French or German tractor companies.
I specifically looked it up just to be sure, John Deere does have multiple factories in China and a good amount of their website wording includes “assembled in USA”, sort of like cars and appliances and a lot of things, usually to get around existing tariffs and import duties. They do also have factories in Germany, Mexico, india, and of course multiple in the USA, but I kept it simple for the sake of the explanation, because China also does produce a lot of soybeans as well.
Does he also know local companies will capitalise on the price increase?
Current import price: 80
Current USA made price: 100
Tariff import price: 200
Tariff USA made price: 190
Trump is banking on foreign companies moving their operations to the US. There’s also a high chance that Trump actually won’t do anything. The guy talks a lot.
It will take more than 4 years to move much of anything to the US. Will anyone think it’s worth it?
I hate this because for Europe it will become expensive too, just for the heck of it.
Do his tariffs affect exports to the EU as well? Idk economics and I wanna buy a Framework laprop next year
If country A sells most of an export to country B and country B makes it harder for country A to sell to country B, country A may raise prices for countries C, D and E to make up for the losses caused by country B.
So what I’m hearing is, we should all be very mad with the Americans?
A bit over a half of them, yeah. (I do realise that voters aren’t 100% of the population but)
Eligible voters that chose not to, were they just fine either way?
Yeah those fuckers would be included, which is why the figure doesn’t work but also getting too pedantic would make it far less quippy, so…
Could country A try to decrease exports to country B and increase exports to country C, D, and E, perhaps by lowering the cost in C, D, and E?
I don’t have any evidence for, and this document is just too long for me to read at this late hour. [IMF - Macroeconomic Consequences of Tariffs](Macroeconomic Consequences of Tariffs. https://www.imf.org/-/media/Files/Publications/WP/2019/wp1909.ashx)
Yeah, I’d think they’re going to produce what they are going to produce and will adjust allocation and prices to accommodate the demand change in the tariff country.
Used electronics go brrrrrr
Used electronics you already own goes brrr Used electronics for sale will go up in price, because the seller needs money to buy new electronics or maybe food
You guys buy new? In Putin Russia we make our own laptops from dishwashers!
Imported from Ukraine!More seriously, I use some i5-2700 desktop computer and just happy.
Yayyyy, right as Windows 10 is going EOL and Windows 11 doesn’t work on BIOS systems we’re seeing a big increase in prices!
Remember that you need a pretty new setup to get to run a windows OS that still receives updates. If we talk about computers that is.
Use linux.
I am almost there. I had so much problem with Linux on my server that i run back in the days that I said I never want to touch Linux again after last time i installed it. It broke a couple of years later and I knew I could not run windows but had read about Linux mint. Installed with no expectations and that was easier than windows. No problems, easy to config and I got everything to just work as I wish.
The step from going to Linux on my main computer is not far. I guess I will dual boot for a while since I play a lot of games and once I get accustomed to it I guess it will be my main. Fuck windows.
Seeing a stark void of “Fuck China” posts all of a sudden. Crazy what happens when the treat train gets held up at the border.
Should I buy a new phone now instead of waiting until next October?
Theoretically Samsung and Taiwanese phones won’t be hit bad.
Pixel is Chinese right?
If I’m not mistaken it depends on the precise model. Cause they contract manufacturing out to more than one place.
I’m upgrading to 9800x3d now so I should be set until the end of Trump’s presidency.
I’m on a 5800x3d, pretty set right now, but that’s a good point…
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Everyone’s gonna start coming to Canada to buy electronics like they do medicine
Where so you think American farmers buy their fertilizer? Where they sell most of their soy and corn sell to? Maaaaany companies are either buying or selling to/from China. Many will go bankrupt, bany will struggle.
China is strengthening ties with Russia to replace u.s trade, and it shows that Putin is laughing his ass off at how he played a whole country, other than his I mean
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I hope Trump turns out to be the best president in history. Prove me wrong, conservatives. I want to hear how it’s going by the fourth year.
I had similar thoughts in 2016 when he had a first attempt, and it was a dumpster fire. I’m not optimistic this time around.
Dumpster Fire has evolved into a Garbage Dump Fire.
Everyone who says he’s not the best President ever will be shot.
I mean, what do you think? He announced that. Apparently this is what the US-Citizens want.
It’s that damn reality that needs to be punished. Stupid facts and laws of economics making Trump look worse than he is.
