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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.
Because isolationism has worked out so splendidly for us in the past. Fuck this country.
Implying I could afford that shit in the first place 🤡
Where so you think American farmers buy their fertilizer? Where they sell most of their soy and corn sell to? Maaaaany companies are either buying or selling to/from China. Many will go bankrupt, bany will struggle.
China is strengthening ties with Russia to replace u.s trade, and it shows that Putin is laughing his ass off at how he played a whole country, other than his I mean
something about leopards and faces
I’m upgrading to 9800x3d now so I should be set until the end of Trump’s presidency.
I’m on a 5800x3d, pretty set right now, but that’s a good point…
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)
Eligible voters that chose not to, were they just fine either way?
Yeah those fuckers would be included, which is why the figure doesn’t work but also getting too pedantic would make it far less quippy, so…
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.
Trump’s not going to need to apply tarifs.
Biden has both Russia and China on the back foot with failing economies, and significant social unrest. Both are desperate to make a deal with Trump. Trump only succeeds in negotiation when he can bully his adversary.
If Biden had the faculties, he could have whipped both countries and probably avoided this mess.
Trump whipped Mexico really well into paying for that wall.
Trump just talks a bunch of shit lol. That’s actually why he won. Because he promised everything to everyone. He doesn’t have any real plans other than those related to genitals and immigrants. He never backs it up with any evidence either
Trump negotiated really well with Foxconn too. Remember that 10 billion factory they were gonna build thanks to Trump?
In fact, I’m actually willing to bet petrol prices and power prices will increase too. Because suddenly, batteries and solar have less competition and even if manufacturered in US, they can raise their prices
It’s just really dumb 😂
Holy cope
Actually, I am really removed from the US domestic situation, and only impacted by the US foreign policy situation.
I’m just trying to point out that he can use his threats to get what he wants, which is the only tactic that he actually knows how to do. Unless he got smarter since his last tern.
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.
And a tariff on it will increase the price, because that is just how economics works.
this is not very scientific.
The cost of getting the goods to consumers goes up. Does the consumer pay:
A) More
B) Less
C) The same
This election was decided by the majority of people in this country not being able to answer this very simple question
Edit: oh shit I didn’t even notice it was you lmao I see you’re still roleplaying The Person With The Worst Takes
why did the cost go up? what other variables are at play?
Good guess, but that wasn’t one of the options. Does the consumer pay:
A) More
B) Less
C) The same
I promise you, if you think about it for even a moment, this has a very intuitive answer
we can’t know
No, but its exactly correct in a short sentence. Science wishes it could be that exact.
Please tell me any way a tax, an additional cost added on to something could lower the price.
it’s not causal
we could have a more robust economy where we do make everything and they make everything and nothing needs to be more expensive, if we just let it be less profitable
There are chinese tractor companies? I only know US, Italian, French or German tractor companies.
I specifically looked it up just to be sure, John Deere does have multiple factories in China and a good amount of their website wording includes “assembled in USA”, sort of like cars and appliances and a lot of things, usually to get around existing tariffs and import duties. They do also have factories in Germany, Mexico, india, and of course multiple in the USA, but I kept it simple for the sake of the explanation, because China also does produce a lot of soybeans as well.
Just be sure to remind him at every opportunity that he voted for things to be more expensive.
I will
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?
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
Isn’t thwre a single one RISC-V capable production line in the US? Imagine if Apple starts their own chip production.
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Also let’s be honest, unless the tariff is applied to everyone it’s gonna be cheaper to use another country as a middleman to trade with with China.
There are throngs of people already at work to find out how to gouge consumers by blaming tariffs without actually paying any.
Apple would probably produce ARM chips. They wouldn’t want to change architecture again so soon.
The world will be split between countries that trade freely with China and countries that don’t.
This will be the test and control for whether trading with China is good or bad.
Turns out it’s bad, but since we all moved our industry there. Well shits fucked.
Other countries are reporting different and positive results. I think this is the kind of thing that we will see the outcome of decades later. It will be interesting to see how much of the perceived negative impact is due to ingrained racism and xenophobia especially in the West.
No more computers for you!
Good. I hope he does it. Don’t let any of his yes-men or cronies tell him what a horrible idea it is. Let the whole fucking country burn.
Democrats, calling for deportations: Look at this disgusting tankie
This post is about tariffs.
Democrats will stop calling for deportation when they see what kind of bottom line putting people in labor camps brings.
… what
The joke is twofold:
- Some people, mostly authoritarian communists, claim that the ‘tankie’ is being used to describe anybody too far left.
- Democrats are by now very right on immigration.
Should I buy a new phone now instead of waiting until next October?
Theoretically Samsung and Taiwanese phones won’t be hit bad.
Pixel is Chinese right?
Everyone needs a lesson in how tarrifs work. Tarrifs are a tax on thing that us companies buy. They are intended to make foreign products more expensive to protect domestic producers. So, the abeyance company pays the tariff. They them passed that tariff on to their customer, either another company or an American consumer. Then, the country that the tariff had been applied to applies offsetting tarrifs on American good.
When the product that the tariff is applied to can’t be produced in the US think advanced microchips or Canadian softwood lumber, Americans pay more but still have to buy the foreign product. With the softwood lumber tarrifs the cost of building a home with candidness softwood lumber went up by tens of thousands of dollars and Canadian companies laughed all the way to the bank.
So, the price to American companies and consumers goes up and the cost of American goods overseas goes up. Americans pay the tarrifs and American companies sell less goods overseas.
America loses.
So in your example, I guess the tariffs don’t apply to Canada? Because the proceeds of tariffs go to the government of the country charging them.
I’m not sure what you’re asking. If you’re referring to softwood lumber the profits of Canadian lumber companies were at record levels because the US needs Canadian softwood lumber with or without tarrifs. The tarrifs didn’t affect sales at all so with the increased demand despite the tarrifs Canadian companies didn’t suffer at all. US consumers spent more and the money went to the US government which presumably gave some of the money to uncompetitive US softwood lumber companies to subsides their unprofitable operations. It’s a tax on US consumers.
Canadian softwood lumber companies pay a stumpage fee to shiatsu/sustainably harvest softwood on public land. US softwood lumber companies pay much higher prices to harvest lumber mostly on private land is all about extracting the highest profit for the most wealthy people. Canada has a better system and the US is salty about it. The US had lost at the WTO energy time but refused to accept the result so it ignored its treaty obligations and just forges ahead with the illegal tarrifs which hurt US consumers.
But think of all the failing business that will be super cheap to aquire! /s
Oh I have no doubt that the Blackrocks and Birkshire Hathaway’s of the nation are absolutely throbbing at the prospect. Literally diamonds. Those dusty old corpses won’t need their hourly viagra until 2030.
Lol the stock market went up by like 15% since he won or something like that. The big banks and holdings groups are wayyy up, same for tesla which just broke 1 trillion.
As it always does. In case you missed it all those things were hitting records all the way through Biden’s 4 years.
It’s a giant casino. And the only time real people feel it is when it crashes and suddenly shit costs way more than it did last week. It doesn’t matter to anyone worth less than 8 or 9 figures.
Yes. I was agreeing with you in the first place.
What I love… what I really love… is that this happened during the administration of Trump’s favorite president (other than himself), Andrew Jackson:
Hadn’t heard of this one, thanks. Americans are pros at not learning from history.
I thought this part was particularly funny/familiar:
It was a bill designed to fail in Congress because it was seen by free trade supporters as hurting both industry and farming, but it passed anyway.
