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Importers in the US are not simply going to take the hit from their profits when they pay the tariffs to the US Gov. They will correspondingly increase their prices to mitigate the loss. Thus money is not "pouring into" the country. It's "pouring out-of" the pockets of American consumers.
They will correspondingly increase their prices to mitigate the loss. T
Being good capitalists, they'll also increase prices over and above their tariff increased costs for a little extra profit, as a treat. Since it is common knowledge tariffs increase prices, the extra profit over and above the tariff costs will be blamed on trump too and everyone will believe it. So while the tariffs will indeed increase prices, we're going to be even more than the tariff costs as American consumers.
And once prices are increased, removing tarrifs won't make them go down again, because why would companies forego profit when consumers are used to those prices?
Also the competition that is not tariffed because produced in the US will raise prices because there is margin to do so, as long as they stay cheaper than the tariffed imported item.
Yes, but then those US companies will have more money to raise worker wages, right … right?
Yes absolutely, after the shareholders have been paid of course.
as planned
Trusting Trump is like trusting a rapist to treat you right.
I think, according to the NY courts, you can remove a word there.
What are you talking about? I have it on good authority that marrying your rapist absolves sin.
^/S^
Even with the /s, did you feel the need to shower after making that comment? Because god that’s awful.
But there are millions of people who think this way. It was, and probably still is, something that some raped women are forced to participate in.
Oh, I know. It’s utterly horrifying.
Trusting Trump is ~~like~~ trusting a rapist to treat you right.
FTFY.
Tariffs = taxings hard working American business and putting the profits into the governments hands. So Trump can practice his back swing.
putting the profits into the governments hands
Really it's just going into the oligarchs pockets in the form of tax cuts the government cannot afford.
What’s worse is how this will-he-won’t-he of making tariffs permanent and using them is causing businesses to also not import needed and desired products for fear that they could have a tariff removed at which point we have effectively purchased something for 25% more that we then can’t explain to the end consumer. People think it’s an on-off, but when products were purchased and brought in with a tariff that may no longer be effective it just makes for bad business.
As a Canadian, I’ve stopped importing saddles for bicycles from any US distributor. Even if the products aren’t made in the U.S., I’ve boycotted giving any single American 1 penny, even though I currently have no tariffs to pay on said products.
Trumps the world’s biggest fucking idiot, and not only is he hurting American citizens on the products coming into the country, he’s also hurting American citizens who no longer have external markets.
In turn, those companies I deal with out of Europe are now finding me ways to purchase their products directly from them instead, giving me even less reason to ever buy the products from an American ever again.
It’s a triple whammy. U.S. is loosing my money, Americans are loosing more of their money because they have to eat the tariff costs, and my money is now being diverted to Europe for the same product, without the American middle man and logistics.
All because a narcissist rapist Nazi and his African sugar daddy are robbing America into the ground.
All because a narcissist rapist, convicted felon, Nazi and his African sugar daddy are robbing America into the ground.
FTFY
Accuracy is important. Thanks for the correction!!
My coffee is 50% more already (whole beans)
Bags went from ~$24 to ~$36
you can make the ~$28 to ~$32 like I did and regret it 😢
This difference is from 2 week ago.
“Assurances”, that and a bowl of soup and you’ve got a hot meal. Sit back and watch while he crashes the economy.
I pulled most of my stocks the other day. I'm not trusting this fat fuck.
Obligatory "you do what's right for you," but just sayin', be very careful with this strategy. I know people who panic sold in 2020 at the beginning of the pandemic out of fear and then missed out on the recovery. Sold low, bought high. Set them back 20 years.
Let us know when they panic sell this next time around.
Exactly. You can't gaslight away a rumbling belly.