Yes. We will pay for the tariffs.
American companies will pay for the tariffs, and then we the consumers who buy their products will pay for the tariffs via price increases.
This is money that we will invest. It is a tax. It is the government causing us to spend more money.
It is not a usual tax in the sense of money paid to the IRS. But it is an economic cost that we will pay in order to support a government policy.
The cost is paid to enact a certain outcome. The outcome is less importing of goods, and more of those goods being provided by sources within our borders. It will cost money to make this change. That cost will be paid by us.
We are being forced to pay money to enact a policy. That’s how it’s essentially a tax.
Except this policy is basically:
- More stuff that American consumers consume, will come from American companies
- There will be more manufacturing capability to meet this demand
- There will be more demand for American labor, improving the lives of American workers
- We will be more militarily capable due to being able to build more things in-house
That is a set of changes being targeted by this policy. We will pay for this policy by paying higher prices. The intention, the hope, is that the policy will pay for itself in terms of the third bullet point: more manufacturing in America means more jobs for Americans. More demand for American stuff means better bargaining position for American workers, means more income.
In the short term it’ll suck. Just like any other heavy tax can suck in the short term, before the benefits can manifest and make it worth it.
idk why anybody is surprised, republicans are still going to lie about it, they will never admit how tariffs work, they are simply incapable.
I figured everyone already knew this. Tariffs just screw consumers.
Nobody here is surprised.
Trump almost has it. If he can just be a slightly bigger ass on a slightly bigger stage, then he’ll be happy.
Musn’t give up too soon.
It doesn’t even matter:
https://www.axios.com/2024/11/18/consumer-confidence-trump-republicans-white-house
Turns out, a lot of consumer mood is literally just people’s social media feeds. Even if prices go up and QoL goes down, on average, consumers might feel better simply because Trump being in office makes them feel good.
I am not going to point out how monumentally problematic this is… Nope. There’s definitely no bad precedent for that.
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
buys that external drive I’ve been putting off for a while
I’m sitting here waiting for black Friday deals on lifep04 batteries for my solar setup. Fuck knows those are going to double in price when ding dong gets his hands on the levers.
Meanwhile, in Canada, I’ve been meaning to build a raid 6 with 4TB drives. With any luck, as imports into your country drop, prices in my country will drop as well
I was planning my first build in 7 years for around 6 months from now. I just CANT right now.
I just upgraded my GPU even though I wanted to wait until the new stuff drops, but I can’t risk getting boned by tariffs and/or scalpers.
China will pay for the tariffs in the same way Mexico paid for the wall.
Realistically it will shift more work to India, vietnam, mexico. I’m not in supply, but I’m pretty sure my company has started shifting out of china in prep for this.
Didn’t part of the wall fall over into Mexico a while back?
Folks, listen closely, okay? Nobody understands tariffs better than me. Believe me, they’re tremendous, tremendous tariffs. And now Walmart – yes, Walmart, great company, big stores, huge – they’re telling you that YOU, the great American people, will be paying for these tariffs. And you know what? That’s fantastic news. Incredible. Let me tell you why.
First, it’s about sacrifice. The greatest country in the world doesn’t rise without its amazing, hardworking patriots chipping in a little bit more. And trust me, when you pay a little extra at Walmart for your cheap, uh, Made-in-China toasters, you’re not just buying a toaster. You’re buying FREEDOM, folks. You’re sticking it to the Chinese economy. No one else could get that deal done, okay? Only me.
Second, we’re BUILDING here, okay? When American families dig a little deeper into their pockets, that’s money going back into our economy. It’s like… MAGA economics, so smart you wouldn’t believe it. All of a sudden, Americans will say, “Hey, why am I buying Chinese stuff? Let’s buy American!” And BOOM – jobs. Factories humming. Steel, coal, maybe even wood, I don’t know. Beautiful stuff.
Third, let’s talk winning. When we pay these tariffs – our tariffs – we’re showing the world who’s boss. China thinks they’re so smart. So clever. Well, joke’s on them. We’re so good at tariffs, we’re making YOU pay them instead of them. Genius move, right? They won’t even know what hit them. Tremendous strategy. They’re probably shaking in Beijing.
And look, folks, I hear you. “But sir, sir, what about the prices?” And I say this: are you willing to pay a little more at Walmart to make America the GREATEST it’s ever been? I think you are. And if you’re not, then maybe you like China too much. Sad!
So remember, every time you spend a little extra at Walmart – and it’s a GREAT store, by the way, I love it, fantastic – just think of it as making a donation to America. To freedom. To ME – your favorite president – who is bringing the best tariffs, the best deals, and the best America you’ve ever seen.
God bless tariffs. God bless Walmart. And God bless the United States of America. MAGA!
AI is getting better.
Long long maaaaan
Good thing I can’t read
votes Republican
The I voted for him for cheaper eggs crowd are about to call this fake news.
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.
I saw it explained best like this
Current imported price: $30
Current locally made price: $35
New imported price: $70
New locally made price: $69.99
Locally made still won’t happen.
Say you’re an businessman who’s been manufacturing in China. Excel shows that you can make the same product in America for less than the post-tariff cost. Sound good?
But you’re not stupid. You know the tariffs will end up wildly unpopular and fuck up the economy. A) Why keep producing when people won’t be able to afford your goods? And more importantly, you want to be left holding the bag with your shiny new American factory when the tariffs are repealed?
Oh for sure, I should have clarified that I was really speaking to the products that already have a US-based manufacturing presence and already have to compete with imports. Ramping up domestic production on things that aren’t already manufactured here because of the demented ramblings of a guy who (ostensibly) won’t be around in 4 years is just asking for your business to go under
…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.
100% guarantee price raises across the board, even for stuff not affected by tarrifs/mass deportation labor shortages.
It’ll be covid all over again, an excuse to price gouge the fuck out of those who can least afford it.
If companies are going to suck consumers dry just because they can, they’d better put Republican’s name on it.
Are you kidding ? This is absolutely going to be blamed on Biden, loudly and repeatedly.
I know I know, Walmart is in the GOP’s pocket. But if the DNC knows what’s good for them they’ll take any scraps they have from Harris 2024 and painting the entire Republican movement as lovers of raising prices on Americans.
They won’t.
Wonder who they who are they gonna blame then?
What are you talking about? It’ll all be Biden’s fault.
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.
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
First of all walmart doesnt have to do this, they are choosing to.
Second, last time trump did tariffs prices went up in the following months, and then returned back to baseline following that.
There will be a reactionary period once they are placed. Walmart will either shift to buying more locally to maintain the most profit they can, or a competitor will undercut them.
Shifting to buying more locally can work when there are local businesses that can ramp up production easily to meet demand, it doesn’t work when there is no local production that can be easily expanded, or when there aren’t enough local resources to supply local manufacturing (for example lithium for battery production)
Also, trade has been our leverage keeping China in check, we need their stuff, and they need our money, so we get along. If suddenly we say “we don’t want your stuff anymore, and we’re not giving you our money” they’re gonna turn around and sell more to India, Russia, and Europe. They’ll be fine, but we’ll both lose our leverage and toilet our economy for at least a decade while we try to recover from shooting ourselves in the leg.
I think thats awfully simplistic but if you can point me to some source that goes into the details of what you are predicting I’d be happy to read it.
Always fair to ask for sources, but what exactly do you want to see here? Or what part are you contesting?
Buying local is an option to evade paying tariffs on imported goods.
But what do you do if buying local is no real option?
I’m thinking of coffee, chocolate, computers, mobile phones, game consoles, cars, etc.Unpopular opinion but Americans as a whole need to get used to less of nearly any nonessential good.
You gotta learn how to present ideas around here:
Make do with less.
“NOOO! FUCK YOU! AND BILLIONAIRES SUCK!”
Stop over consumption to starve the billionaires and save the planet.
“YEAH ALL YOU GREEDY PIGS! STOP!”
Mango Mussolini’s tariff plans will increase prices across the board. The corporations earned record profits during the so-called inflation and the US consumers that voted for Cheeto are fucking clueless about the inbound out of control freight train.
Oh well don’t worry the out of control freight trains mostly poison trump voters in ohio and the water supply of all the red states.
+1 Indeed.
