this post was submitted on 02 Apr 2025
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Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

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[–] [email protected] 2 points 1 day ago (6 children)

If their cost goes way up, that might make hand-made American items comparatively affordable, maybe for the first time in modern history. It's (potentially) a good thing for a bad reason, I guess.

[–] [email protected] 8 points 1 day ago* (last edited 1 day ago) (5 children)

I doubt that, to be honest. The supplies to make the items will also go up in price, and the US simply doesn't have the industrial power and cheap labor that other countries have to make them. GOP voters think that somehow it'll make all things cheaper (which actually would be a bad thing, deflation isn't a good sign for the economy), but the price of everything is about to skyrocket.

That's not to mention that the few suppliers that are 100% US based would just crank up their prices anyway, because they can.

Personally, and not having much experience in economics, I think prices will skyrocket, people will stop buying things, and then that will cause huge amounts of deflation, bringing the US right into a deep recession. I mean, my partner and friends have already stopped spending as much, and that was before today. It's only going to get worse.

[–] [email protected] 4 points 1 day ago (4 children)

Oh, I don't mean on an industrial scale. Sorry for any confusion. I was thinking of small-scale artists who have crochet businesses. It might be easier to sell $30 plushies if all of the plushies from Vietnam (and other places known for cheap hand-made products) are now $50.

[–] [email protected] 3 points 1 day ago

Ah, gotcha. It'll be interesting (in a bad way, most likely) to see how this will affect those business.

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