Wow this administration is f**ing batshit insane. I thought the tariffs would be on raw metals, not anything at all that happens to contain them.
Wow this administration is f**ing batshit insane. I thought the tariffs would be on raw metals, not anything at all that happens to contain them.
Price I pay is not getting my $20 fairy lights that made my backyard look cute. The price foreign factory workers pay is that they’re out of a job. I don’t think Americans pay the most, but they do pay.
Edit: Clearly people are missing the point Im trying to make here. I’m trying to address the viewpoint that Americans will somehow lose the most, which i don’t think is the case. This isn’t a pro tariff argument. American consumer is the biggest market there is on the planet. Pretending we can just find other buyers is ludicrous. Yes, there will be some jobs affected domestically, but that number will be much higher elsewhere.
The US was a unique money-making machine... Although the gears seem to be getting looser and the machine is being broken. Personally I think the US economy is flexible enough to mitigate much of the damage, however I worry about the future impact of political changes.
I'm in New Zealand which is quite wealthy although the demographic timebomb will go off in next decades: and our economy is also fucked because our voters hate businesses and business people.
One strong signal of how fucked a country is economically, is how well small businesses can survive.
If the US starts screwing its businesses more, that is the time to worry.