this post was submitted on 27 Nov 2024
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politics

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Summary

Donald Trump’s plan to impose sweeping tariffs on goods from Mexico, Canada, and China is raising alarm among U.S. businesses, which warn it could trigger price spikes and inflation.

Firms in industries like apparel, manufacturing, and food production fear disruptions similar to the last trade war under Trump, when retaliatory tariffs hurt exports and supply chains.

Critics argue tariffs won’t effectively reshore production or reduce the trade deficit and could lead to runaway inflation, economic instability, and consumer cost increases.

top 17 comments
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[–] cheers_queers@lemm.ee 47 points 10 hours ago (2 children)

it's so blatantly gross that we're only getting these articles AFTER the election. they aren't even trying to hide the fact that they want the voters to be uninformed as possible.

[–] Semi_Hemi_Demigod@lemmy.world 7 points 7 hours ago

Companies can hide price increases behind tariffs and make tons of money. They didn't tell anyone because they want those sweet 25Q1 and 25Q2 profits. After that it's someone else's problem.

[–] NineMileTower@lemmy.world 24 points 10 hours ago

Do you honestly think that his voters are reading anything other than memes on Facebook? They aren't reading articles.

[–] limelight79@lemm.ee 8 points 8 hours ago

Don't worry, I'm sure the Trump administration is gearing up to pin the blame on Obama and Biden. And Harris, for good measure.

[–] ilickfrogs@lemmy.world 6 points 8 hours ago

Someone needs to explain to this bloody orange monkey what tariffs are.

[–] AbsolutelyNotAVelociraptor@sh.itjust.works 29 points 11 hours ago (2 children)

One can only hope. After all, isn't this what they voted for?

[–] floofloof@lemmy.ca 15 points 9 hours ago* (last edited 9 hours ago) (2 children)

After all, isn’t this what they voted for?

They voted for sticking it to immigrants and trans people. They don't understand a thing.

[–] GhiLA@sh.itjust.works 2 points 28 minutes ago

I'm stocked up and I can run on fumes. Bring it on. I can't wait to see these pampered little fucks burn in their own hypocrisy and helplessness.

Chaotic good finally gets a day. I can compress my life into a pin prick if it means I get to see some right-winger lose his boat to repossession.

[–] AbsolutelyNotAVelociraptor@sh.itjust.works 4 points 9 hours ago (1 children)

Of course they don't, but I don't care anymore, at this point it's just pure and unadultered schadenfreude.

[–] krashmo@lemmy.world 3 points 8 hours ago (1 children)

I'm not German but I feel like that word implies that the observer is uneffected by the situation they are observing. This is going to impact everyone which I imagine will significantly decrease the amount of satisfaction one could get from watching these people learn hard lessons.

Yes, you are right, but given that we are all going to be affected by the decision of a bunch of idiots (even if we are not american), the only thing that I can do is enjoy how their face will get eaten by the leopards.

Sure, we are screwed, but they are too, and so deservingly that I will enjoy their suffering.

[–] WhatAmLemmy@lemmy.world 20 points 10 hours ago* (last edited 10 hours ago) (1 children)

Trumps trifecta could be a blessing in disguise, in that if the GOP continued moving as slow and calculated as they have for the last 50 years, Americans will remain the frogs sitting in the proverbial boiling pot... However if Trump is as insolent and ignorant as he appears to be, his reckless stupidity could insta-tank the economy and send the cost of living through the roof.

Obviously MAGA are too mentally ill to admit they're mentally ill, but it could shock the other 80 million adults, who stayed home in November, into action.

Likewise, if they move too aggressively with the authoritarian end goal of project 2025, they risk triggering armed resistance and civil war.

[–] krashmo@lemmy.world 9 points 8 hours ago (1 children)

Given what we've witnessed recently this seems like a lot of misplaced faith in the ability of American voters to make rational decisions.

[–] WoodScientist@lemmy.world 2 points 55 minutes ago

One trans person will commit a misguided act of violence in a protest against anti-trans laws. All price increases from then on are blamed on transgender terrorist cells targeting the supply chain.

[–] pivot_root@lemmy.world 5 points 7 hours ago

Trump’s Truth Social tariff tirade may be bluster, and Auricchio, at least, is confident there “won’t be a disaster” under a second Trump administration. “Threats during the election time are beyond reality,” he said. “I don’t believe Trump wants to disrupt world trade.”

This just in, a delusional business owner. More news at 11.

[–] DrSleepless@lemmy.world 5 points 8 hours ago

But my eggs…

[–] capital@lemmy.world 1 points 7 hours ago

The cheaper eggs people are about to find out.