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Can someone please explain to me why he STILL doesn’t have any understanding of how tarrifs work?
I believe that he does, and he knows shit will cost more, but he ALSO knows that his followers have no clue whatsoever. So prices will increase, and he’ll blame it on one of their many “others”. Keeping them scared and mad is the key to their control over them
Fuuuuuuuck me I wanted a new PC & a new laptop. How much time do I have before this hits?!
New Ryzen 7 got released too. Looks cool
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.
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.
Used electronics go brrrrrr
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.
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
I’m involved in the manufacturing sector. At recent trade shows, we’ve been hearing that a lot of companies were holding off on making decisions about purchasing goods and machinery until after the election, though no one was saying much specifically about what each candidate would mean for their decisions. This article seems to say the outlook isn’t super rosy and his initiatives don’t make a ton of sense.
I’m in manufacturing within China. While I’m not American and don’t work with American companies. Lots of our supply chain has said there is high levels of uncertainty in projects. Projects have been on hold for months.
It sucks the prices will go up, and I’m not saying I want this but I feel like they would go up higher than this based on what he said.
I’m not sure what’s worse. the fact you can understand the incoherence or that you believed any of it.
The US is at least 40 years removed from any kind of real electronics manufacturing at scale.
This kind of thing takes generational knowledge to get right and we outsourced that knowledge a long time ago.
We are now several generations from being able to manufacture electronics on the level.
Either trump has no idea how anything works or he’s actively trying to destroy the American economy.
He likes Russia so much that he wants the US to become like it. He’s following the post-USSR playbook. He’s trying to destroy the economy so he and his billionaire buddies can buy up the scraps for pennies on the dollar. Which will turn him into an oligarch and will keep him in power after his term is up. And he isn’t going to pay for any of it. He will steal money from the people like he did in his first term with his golf course and his cult following will keep giving him money and buy his crypto coins. That’s why he wants to get rid of cryptocurrency regulation.
He will just give out stimulus checks to make everyone think the economy is good. Somehow that’s not socialism though it’s American!
yep, warm up those money printers. And too bad for anyone who has saved a nestegg for retirement-- thats all getting watered down now. ah well.
They’ll blame democrats for the price increases. Bet me.
Same as last time
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.
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.
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
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.
There are chinese tractor companies? I only know US, Italian, French or German tractor companies.
Just be sure to remind him at every opportunity that he voted for things to be more expensive.
I will
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?
It will at least be extremely funny to watch all the right wing gamer bro chuds freak the fuck out when an immediate consequence of their actions will be that gaming pc components instantly inflate 50% in price.
Glad I already got my Steam Deck, fuck.
Bold of you to assune they won’t just blame Dems because it isn’t like reality matters.
20 years into the trump dynasty dictatorship, they will still be saying “thanks Biden” to every financial inconvenience.
They still blame Obama
I just said they would freak out.
Who they end up blaming is between them and their god emperor, I guess.
God Emperor*. I had to correct you or it would go against my Trump Score ™.
Fuck the dems, too. Less people voted this election, than the last election. People didn’t bother to go vote that should have.
If you think that’s funny just wait for all the construction bros to discover that Milwaukee is now a Chinese company and their M18 HD12 batteries suddenly cost >500 a pop
And automotive guys figuring out a good chunk of their replacement parts are European.
Oh, that too. Most of these compact SUVs are built foreign because that’s where they generate the most revenue. Imagine hitting a pheasant in your Chevy, a pheasant of all things, and getting a 10k insurance estimate because it cracked your made-in-Mexico integrated LED headlamp assembly and split your bumper cover
but but… Orange men said it was good for the economy, now I have to pay 2000 Dollars for a 5090? Why aren’t they coming to America and produce here!?
Good luck spending 3000$+ on RTX 5090 graphics brick
Maybe we will finally get some optimised games.
Ahhaha, good joke.
No the future is everything is more expensive and worse quality.
Only without the cool tech :(
CHIPS Act? Never heard of it.
Oh, the thing Trump called “so bad” on Joe Rogan a couple weeks ago? He said that tariffs are his preferred strategy to force companies to build in the US. Maybe that was just rhetoric and you can’t trust it, but he did say it.
As it stands, CHIPS isn’t going anywhere, so at least Americans won’t be totally fucked.
actually I didn’t.
Its a pretty strategically and economically impactful piece of legislation pushed by, and then signed into law, by Biden, in 2022.
It basically sets up a bunch of tax incentives and funds to go toward building out domestic computer hardware research and manufacturing.
Its the kind of thing that would lay the foundation for the US building a lot more of its own computer hardware, instead of importing it.
So when the Trump tariff apocalypse hits… assuming the CHIPS Act does not get repealed, it will be the only saving grace in terms of possibly lowering computer hardware costs.
Trump and Republicans are likely to try and take credit for this, if domestic chip fabs start coming online before 2028, pretending it is something they came up with.
yep! and by then it’s too late. they’ve already shot themselves in the foot, they just haven’t felt the pain yet.
edit - and honestly, if we were actually producing all this stuff locally and competitively, I would be OK with these chinese tariffs since it would encourage buying USA-made. The problem is that we arent, and probably won’t be for a while. we’d all suffer in the meantime.
This post is my reminder that I should probably upgrade my graphics card this December, rather than waiting for any other time.
I guess there will be many people thinking that, driving up demand->increasing prices before any tariffs even exist.
It’s a small price to pay to keep pronouns away from our games.
I don’t think that goes far enough. We need to keep all nouns out!
That’s all cool and nice, but let’s see what happens to the prices when Taiwan gets invaded.
Had
a friendan acquaintance of mine say that this wouldn’t happen because “Trump hates China so he’ll defend Taiwan” He’ll also “support Israel so Iran won’t get so uppity!” He also believes that whilst Ukraine is probably fucked, at least the war will be over.That’s nice, isn’t it?
Ah the poor soul! Having to hear about the Ukraine war!!! He’s just too precious, how dare we inconvenience him by keep this in the news???
Even my girlfriend, who doesn’t really do politics, turned to me and said “but surely Putin then just goes after his next target like Hitler did”
It’s pretty telling when someone who struggles with politics in general understands it better than a guy who spent time in Afghanistan.
And that’s exactly it. Putin has literally made no secret that he wants to take back, by force, every former SSR he can’t force into CSTO. The Baltics, Moldova, Poland, Finland probably. Then south to Georgia, Armenia, and who knows where it’ll stop - maybe he’ll be dumb enough (and live long enough) to try to start Afghanistan War #4.
That’s why he needs Trump to sabotage and get the U.S. to leave NATO. If he gets the U.S. out of there and convince Hungary/ Germany to slowly turn against Poland… the odds slowly keep changing
Ah… appeasement. Certainly that worked out for everybody involved…
“Peace for our time!”
Neville Chamberlain.
No need to invade when their economy collapses internally and Beijing can step up to buy the whole island out from the bargain basement bin.
There’s still the rest of the global electronics market
For years, us, Canadians went to USA for shopping. Next year with the exchange rate at the highest for US$, and Canada without tariff, a shit load of americans will come to Canada to buy their electronics and stuff.
They’ll still have to pay the tariff when crossing the border back to the USA, unless they want to risk smuggling it.
REGULATIONS
Returning to the U.S.
Less than 48 hours in Canada:
$200 USD worth of goods per person, tax and duty freeAny purchase of alcohol or tobacco products may be subject to duties and taxes
48+ hours in Canada:
$800 USD worth of goods per person, tax and duty freePurchases may include 1 litre of alcohol, 200 cigarettes (1 carton), and 100 cigarsFamily members can combine their tax and duty allowances
So our 19 year olds who need abortions, what stops them from going there getting care and then having a drink a smoke and coming home after. Except the prospect of not wanting to come back?
I .Ean that’s how it was for Canadians, it’s not like we had an actual work around there either. People just don’t bother to declare stuff when crossing.
A Canadian I used to know told me their family would have some cheaper items in the back seat that they’d declare and hide the more expensive stuff. Apparently it did work.
That was my shoplifting tactic when I was a kid.
Well not the backseat part, I hid chocolates in my bike helmet and always bought something like a drink.
All the idiots that didn’t buy anything got caught instantly.
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)
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.
