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.
this post was submitted on 23 Nov 2024
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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
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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.
...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.
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Everything he will do contributes to anger, division and the collapse of the United States.
People will be angry but angry at the wrong people. No, let's not be angry at the guy for actively destroying everyone's lives. Let's be angry at blacks. Or gay people. Or transgenders. Or police. Or scientists.
Fucking dumb Americans.
No shit.
This is literally in the first paragraph of every economics textbook when they talk about tariffs.
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Realistically though, that's how tariffs just work. With products costing more, theoretically that should drive demand down and eventually lead to fewer imports. Of course, if there's still no competing product or the product is a basic necessity, then it'll likely just result in people paying more.
We tried this in 2017. Trump put tariffs on dishwashers, and American companies just raised their prices to match, pocketing the difference.
Yah, I mean realistically, I can only really see tariffs working if a nation is trying to enter an industry. That's not the case here, but even so, these tariffs differ from the ones you mentioned because they would be against Chinese imports rather than a specific product, so I can't imagine there's as much risk of that sort of market manipulation from happening again... but then again, I've got no idea.
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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
idk why anybody is surprised, republicans are still going to lie about it, they will never admit how tariffs work, they are simply incapable.