It’s crazy how so many GOP supporters didn’t know this…
They’ll still find a way to blame Team Blue for the inflation.
I feel like no one bothered to campaign against Trump… until… AFTER he won
Don’t worry, at least Americans are, on average, in possession of endless piles of extra money after the last decade. Elon says it’s time for all of us to tighten our belts. We’re just so fat with all that money we’ve all been saving!
I’m so glad he and the other rich chucklefucks trickled so hard on us.
So nice of them to say this after the orange fuck was elected. Heaven forbid they tell their customers that when their customers could actually do something about it.
What incentive do they have to tell people that ahead of time? Instead of propping up the prices by 10% to deal with the tariff they can increase it by 20% and pocket the extra, then blame it on China. Worked during the Covid inflation, why wouldn’t it work now?
I figured everyone already knew this. Tariffs just screw consumers.
idk why anybody is surprised, republicans are still going to lie about it, they will never admit how tariffs work, they are simply incapable.
Nobody here is surprised.
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.
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.
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?
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.
Yes, but don’t worry. Elon and Trump will be FINE. Stop worrying, everyone!
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.
