TIL, lots of Trumps voters don’t even know how tariffs work and thought the foreign companies are the one who paid those instead of the domestic buyers themselves.
this post was submitted on 07 Nov 2024
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As someone who works for a large US-based company, we are locking in large contracts ASAP for compute power to hopefully keep us sated and avoid these from being an extinction event. We were already discussing some vendors not offering supply contracts already because they see the writing on the wall for their own profit margins
Rich get richer, poor people suffer. Americans are so f dumb i cant take it
something about leopards and faces
Isn't this exactly what Trump said Harris was gonna do and that he was gonna not do?
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Its a shame I don't have enough for solar yet. If you get it now its like getting a free battery if they are all getting a 40% hike. Probably gonna get rid of the tax incentive too cause the rich need it more too right?!
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Because isolationism has worked out so splendidly for us in the past. Fuck this country.
So we're going to put tariffs on things where there aren't even domestically-sourced options? WTF?
That's the point of tariffs...to give domestic supply a shot.
It's stupid and short-sighted in a modern economy. It's not worth it for any manufacturer to shut down existing mega factories and build new ones here. They won't find enough people to do the jobs (especially if we deport/denaturalize a ton of people) and the costs and re-investments are huge.
Plus the only places that are left to build giant factories are distant from population centers. And I doubt there will be mass transit into them. So more pollution from personal transportation. And more pollution from local factories. Ripping the EPA to shreds will help with that, and that's a part of agenda 47.
And you just know the ones that choose to come and build here are gonna get really nice tax breaks to do so, so there won't be any real return for the community for a long time, if ever.
The end result is either they pass the costs into consumers, or they cut costs by laying off their expensive state-side employees and moving their positions abroad. American middle-class loses bigly either way.
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