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.
The US just sort of randomly decided to tariff everything from people they don’t like anymore. Because of the randomness of these tariffs, they impact not only consumer goods but production equipment.
The justification for these tariffs is something along the lines of “let’s bring production back to the United States.” That’s likely a good idea (says the Canadian), but when they use that justification while simultaneously tariffing production equipment the same as consumer goods you have to wonder what’s actually going on.
With production equipment, you amortize the cost of that tool over the years of usage. These tariffs are not amortized, meaning they must be paid at import. That takes cash off the balance sheet, puts it into equipment and hits liquidity.
If I was wickedly powerful and really hated Americans, going after SMB liquidity would be the most convenient (and profitable) way to cause generational harm.
We’ve been had and the number of people covering for this grows daily, and will continue to do so until one day we all wake the fuck up.
Look up the history of the phrase "the purpose of a system is what it does". It was adopted as a principle because it made more sense than every other possible alternative. It makes no sense to claim that the purpose of a system is to do something that it never has done and consistently fails to do, because the system would have been replaced in that case.