I figured everyone already knew this. Tariffs just screw consumers.
Nobody here is surprised.
Trump almost has it. If he can just be a slightly bigger ass on a slightly bigger stage, then he’ll be happy.
Musn’t give up too soon.
It doesn’t even matter:
https://www.axios.com/2024/11/18/consumer-confidence-trump-republicans-white-house
Turns out, a lot of consumer mood is literally just people’s social media feeds. Even if prices go up and QoL goes down, on average, consumers might feel better simply because Trump being in office makes them feel good.
I am not going to point out how monumentally problematic this is… Nope. There’s definitely no bad precedent for that.
Yes, this is not news. News is supposed to be new information, this is entirely well known information, which stupid people just didn’t care about
buys that external drive I’ve been putting off for a while
I’m sitting here waiting for black Friday deals on lifep04 batteries for my solar setup. Fuck knows those are going to double in price when ding dong gets his hands on the levers.
Meanwhile, in Canada, I’ve been meaning to build a raid 6 with 4TB drives. With any luck, as imports into your country drop, prices in my country will drop as well
I was planning my first build in 7 years for around 6 months from now. I just CANT right now.
I just upgraded my GPU even though I wanted to wait until the new stuff drops, but I can’t risk getting boned by tariffs and/or scalpers.
China will pay for the tariffs in the same way Mexico paid for the wall.
Realistically it will shift more work to India, vietnam, mexico. I’m not in supply, but I’m pretty sure my company has started shifting out of china in prep for this.
Didn’t part of the wall fall over into Mexico a while back?
Folks, listen closely, okay? Nobody understands tariffs better than me. Believe me, they’re tremendous, tremendous tariffs. And now Walmart – yes, Walmart, great company, big stores, huge – they’re telling you that YOU, the great American people, will be paying for these tariffs. And you know what? That’s fantastic news. Incredible. Let me tell you why.
First, it’s about sacrifice. The greatest country in the world doesn’t rise without its amazing, hardworking patriots chipping in a little bit more. And trust me, when you pay a little extra at Walmart for your cheap, uh, Made-in-China toasters, you’re not just buying a toaster. You’re buying FREEDOM, folks. You’re sticking it to the Chinese economy. No one else could get that deal done, okay? Only me.
Second, we’re BUILDING here, okay? When American families dig a little deeper into their pockets, that’s money going back into our economy. It’s like… MAGA economics, so smart you wouldn’t believe it. All of a sudden, Americans will say, “Hey, why am I buying Chinese stuff? Let’s buy American!” And BOOM – jobs. Factories humming. Steel, coal, maybe even wood, I don’t know. Beautiful stuff.
Third, let’s talk winning. When we pay these tariffs – our tariffs – we’re showing the world who’s boss. China thinks they’re so smart. So clever. Well, joke’s on them. We’re so good at tariffs, we’re making YOU pay them instead of them. Genius move, right? They won’t even know what hit them. Tremendous strategy. They’re probably shaking in Beijing.
And look, folks, I hear you. “But sir, sir, what about the prices?” And I say this: are you willing to pay a little more at Walmart to make America the GREATEST it’s ever been? I think you are. And if you’re not, then maybe you like China too much. Sad!
So remember, every time you spend a little extra at Walmart – and it’s a GREAT store, by the way, I love it, fantastic – just think of it as making a donation to America. To freedom. To ME – your favorite president – who is bringing the best tariffs, the best deals, and the best America you’ve ever seen.
God bless tariffs. God bless Walmart. And God bless the United States of America. MAGA!
AI is getting better.
Long long maaaaan
Good thing I can’t read
votes Republican
The I voted for him for cheaper eggs crowd are about to call this fake news.
Hearing more and more stories about companies cutting bonuses this year so they can buy more supplies now at cheaper prices. They know the prices will go up and they’ll have to pass the increase to the consumers. But how much you wanna bet these companies will still raise prices even before they have to pay their tariff increases? They’re gonna get extra money on the supplies they paid the lower prices on.
I saw it explained best like this
Current imported price: $30
Current locally made price: $35
New imported price: $70
New locally made price: $69.99
Locally made still won’t happen.
Say you’re an businessman who’s been manufacturing in China. Excel shows that you can make the same product in America for less than the post-tariff cost. Sound good?
But you’re not stupid. You know the tariffs will end up wildly unpopular and fuck up the economy. A) Why keep producing when people won’t be able to afford your goods? And more importantly, you want to be left holding the bag with your shiny new American factory when the tariffs are repealed?
Oh for sure, I should have clarified that I was really speaking to the products that already have a US-based manufacturing presence and already have to compete with imports. Ramping up domestic production on things that aren’t already manufactured here because of the demented ramblings of a guy who (ostensibly) won’t be around in 4 years is just asking for your business to go under
…This is just normal basic business economics.
Your retail price is not predicated on what you paid to produce or obtain the product, it’s based on what you expect to have to pay to produce or procure the next one.
100% guarantee price raises across the board, even for stuff not affected by tarrifs/mass deportation labor shortages.
It’ll be covid all over again, an excuse to price gouge the fuck out of those who can least afford it.
If companies are going to suck consumers dry just because they can, they’d better put Republican’s name on it.
Are you kidding ? This is absolutely going to be blamed on Biden, loudly and repeatedly.
I know I know, Walmart is in the GOP’s pocket. But if the DNC knows what’s good for them they’ll take any scraps they have from Harris 2024 and painting the entire Republican movement as lovers of raising prices on Americans.
They won’t.
Wonder who they who are they gonna blame then?
What are you talking about? It’ll all be Biden’s fault.
Yeah, I mean I knew that, you knew that, Americans are so uneducated that the majority had no idea how basic economics work.
Well FAFO, we’re all going to learn the hard way I guess.
And fuck those of us who already knew the lesson. Its like school but without getting to go home at the end of the day. And just like school, the kids who need it probably wont pay attention
First of all walmart doesnt have to do this, they are choosing to.
Second, last time trump did tariffs prices went up in the following months, and then returned back to baseline following that.
There will be a reactionary period once they are placed. Walmart will either shift to buying more locally to maintain the most profit they can, or a competitor will undercut them.
Shifting to buying more locally can work when there are local businesses that can ramp up production easily to meet demand, it doesn’t work when there is no local production that can be easily expanded, or when there aren’t enough local resources to supply local manufacturing (for example lithium for battery production)
Also, trade has been our leverage keeping China in check, we need their stuff, and they need our money, so we get along. If suddenly we say “we don’t want your stuff anymore, and we’re not giving you our money” they’re gonna turn around and sell more to India, Russia, and Europe. They’ll be fine, but we’ll both lose our leverage and toilet our economy for at least a decade while we try to recover from shooting ourselves in the leg.
I think thats awfully simplistic but if you can point me to some source that goes into the details of what you are predicting I’d be happy to read it.
Always fair to ask for sources, but what exactly do you want to see here? Or what part are you contesting?
Buying local is an option to evade paying tariffs on imported goods.
But what do you do if buying local is no real option?
I’m thinking of coffee, chocolate, computers, mobile phones, game consoles, cars, etc.Unpopular opinion but Americans as a whole need to get used to less of nearly any nonessential good.
You gotta learn how to present ideas around here:
Make do with less.
“NOOO! FUCK YOU! AND BILLIONAIRES SUCK!”
Stop over consumption to starve the billionaires and save the planet.
“YEAH ALL YOU GREEDY PIGS! STOP!”
Mango Mussolini’s tariff plans will increase prices across the board. The corporations earned record profits during the so-called inflation and the US consumers that voted for Cheeto are fucking clueless about the inbound out of control freight train.
Oh well don’t worry the out of control freight trains mostly poison trump voters in ohio and the water supply of all the red states.
+1 Indeed.
I was promised cheaper eggs.
Cool. Places like Aldis will continue not-fucking their customers while walmart will continue doing the same shit it always has, fucking over poor people and small business owners.
Dont shop at walmart if you can help it. Or kroger. Or any other shitty american company thats profit driven.
Cool trick y’all can do: if profit is the clear main goal, that company is garbage no matter what they do.
Can you provide a list of companies that are not profit driven?
Here is my list:
Migros, in Switzerland. Literally a non profit chain of supermarkets. It can happen.
Also Bosch, technically, in a weird and roundabout way.
Im calling bs on that one
94% of Bosch is owned by the Robert Bosch Stiftung GmbH, which is a charitable organization. They take a significant fraction, nearly half, of the profits not reinvested back into the company or distributed to founding family members and use the money for philanthropic purposes. And for the record, the portion distributed to heirs is comparatively tiny, like a quarter of a percent overall.
Most of the profits are indeed reinvested back into the company, but for the purposes of R&D and keeping the lights on, not appeasing shareholders.
Very cool and good to know. Makes me feel better about those fucking buy it for life wiper blades I just spent too much money on. I’d argue still profit motivated but sounds like a relatively good company given capitalism.
Edit: big woof – they apparently wrote, maintained, and distributed the fake-emissions-reporting systems used by VW and others. If thats not profit motivated then I don’t think I can trust anything. Founder was a big trump supporter too, the wiki says Bosch parts were in every maga tank in the 1940s.
… what is a maga tank…?
Legally, it’s the fiduciary duty of any publicly traded corporation to seek higher returns every year for their shareholders.
So… yeah, that list will effectively stay empty.
I like your propaganda. Its quick and easy, but wrong. Check your sources.
OP’s right. Sorta. Partially. OK, you’re right, it was a simplistic take.
Where people get it wrong is that that duty is not written in stone, and certainly not in the law or courtroom. The “duty” is more like, “Don’t fuck us financially on purpose or through incompetence.”
The CEO of my last company told the board, 2-years in a row, that he intended to lose money while we ramped up personnel and improved our products. They applauded him. We fucked up and made record profits instead. LOL. We all got fat(ter) Christmas bonuses.
(Lemmy will not believe that with a solid, non-greedy leader (a.k.a the useless CEO), a company can treat customers like gold, treat employees like gold and still make money.)
