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It will at least be extremely funny to watch all the right wing gamer bro chuds freak the fuck out when an immediate consequence of their actions will be that gaming pc components instantly inflate 50% in price.
Glad I already got my Steam Deck, fuck.
Bold of you to assune they won’t just blame Dems because it isn’t like reality matters.
I just said they would freak out.
Who they end up blaming is between them and their god emperor, I guess.
God Emperor*. I had to correct you or it would go against my Trump Score ™.
Fuck the dems, too. Less people voted this election, than the last election. People didn’t bother to go vote that should have.
If you think that’s funny just wait for all the construction bros to discover that Milwaukee is now a Chinese company and their M18 HD12 batteries suddenly cost >500 a pop
And automotive guys figuring out a good chunk of their replacement parts are European.
Oh, that too. Most of these compact SUVs are built foreign because that’s where they generate the most revenue. Imagine hitting a pheasant in your Chevy, a pheasant of all things, and getting a 10k insurance estimate because it cracked your made-in-Mexico integrated LED headlamp assembly and split your bumper cover
but but… Orange men said it was good for the economy, now I have to pay 2000 Dollars for a 5090? Why aren’t they coming to America and produce here!?
Good luck spending 3000$+ on RTX 5090 graphics brick
Maybe we will finally get some optimised games.
Ahhaha, good joke.
No the future is everything is more expensive and worse quality.
Only without the cool tech :(
CHIPS Act? Never heard of it.
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I know these things take time, but it’s really hard not to be skeptical of CHIPS amounting to much. It reminds me too much of all the grant money given to telecom companies like AT&T and Verizon - supposed to be for improving infrastructure and implementing 5G, but they just pocketed the money as profit.
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actually I didn’t.
Its a pretty strategically and economically impactful piece of legislation pushed by, and then signed into law, by Biden, in 2022.
It basically sets up a bunch of tax incentives and funds to go toward building out domestic computer hardware research and manufacturing.
Its the kind of thing that would lay the foundation for the US building a lot more of its own computer hardware, instead of importing it.
So when the Trump tariff apocalypse hits… assuming the CHIPS Act does not get repealed, it will be the only saving grace in terms of possibly lowering computer hardware costs.
Trump and Republicans are likely to try and take credit for this, if domestic chip fabs start coming online before 2028, pretending it is something they came up with.
I really really hope that they will enact their economic agenda before their racist agenda. When they denaturalize and deport citizens, half of us will be cheering (unfortunately). When the price of electronics/ cars increases it distributes harm to all.
Fuck, I’ve been putting off getting a new laptop, but hell this is probably going to influence that decision.
Probably should get on it and buy it now ahead of day 1
For years, us, Canadians went to USA for shopping. Next year with the exchange rate at the highest for US$, and Canada without tariff, a shit load of americans will come to Canada to buy their electronics and stuff.
The US is at least 40 years removed from any kind of real electronics manufacturing at scale.
This kind of thing takes generational knowledge to get right and we outsourced that knowledge a long time ago.
We are now several generations from being able to manufacture electronics on the level.
Either trump has no idea how anything works or he’s actively trying to destroy the American economy.
He will just give out stimulus checks to make everyone think the economy is good. Somehow that’s not socialism though it’s American!
yep, warm up those money printers. And too bad for anyone who has saved a nestegg for retirement-- thats all getting watered down now. ah well.
He likes Russia so much that he wants the US to become like it. He’s following the post-USSR playbook. He’s trying to destroy the economy so he and his billionaire buddies can buy up the scraps for pennies on the dollar. Which will turn him into an oligarch and will keep him in power after his term is up. And he isn’t going to pay for any of it. He will steal money from the people like he did in his first term with his golf course and his cult following will keep giving him money and buy his crypto coins. That’s why he wants to get rid of cryptocurrency regulation.
They’ll blame democrats for the price increases. Bet me.
Same as last time
Same as every time, this shit is so damn tiring
Can someone please explain to me why he STILL doesn’t have any understanding of how tarrifs work?
A candidate that expressed nuanced understanding of economic principles would have been less likely to win the election.
A candidate that instead promises answers that intuitively sound right. If imports are expensive, then obviously the big business owners will build domestic and give us more money. If you get rid of immigrants, then the business owners will have to pay more for citizen workers. Simple answers that are easier for people to believe in.
Attempts to explain nuance? That ranges from nerds overcomplicating things and/or those darned liberal elites trying to truck them.
This cuts both ways. In 2020 Biden won not due to a more sophisticated understanding of things, but simply because things were bad, and the other guy therefore was the obvious choice. So to overcome an incumbent, you just have to have people believe stuff is bad, and provide some believable explanation that you could fix it.
I believe that he does, and he knows shit will cost more, but he ALSO knows that his followers have no clue whatsoever. So prices will increase, and he’ll blame it on one of their many “others”. Keeping them scared and mad is the key to their control over them
His followers know he’ll deliberately cause instability, that’s what they want.
I hope Trump turns out to be the best president in history. Prove me wrong, conservatives. I want to hear how it’s going by the fourth year.
Everyone who says he’s not the best President ever will be shot.
I mean, what do you think? He announced that. Apparently this is what the US-Citizens want.
It’s that damn reality that needs to be punished. Stupid facts and laws of economics making Trump look worse than he is.
I had similar thoughts in 2016 when he had a first attempt, and it was a dumpster fire. I’m not optimistic this time around.
Any reason for the unnecessary outlining and underlining instead of just cropping the picture decently? Ffs
but then we wouldn’t get to see the pretty boat!
Everyone needs a lesson in how tarrifs work. Tarrifs are a tax on thing that US companies buy. They are intended to make foreign products more expensive to protect domestic producers. So, the American company pays the tariff. They then pass that tariff on to their customer, either another company or an American consumer. Then, the country that the tariff had been applied to applies offsetting tarrifs on American goods.
When the product that the tariff is applied to can’t be produced in the US, think advanced microchips or Canadian softwood lumber, Americans pay more but still have to buy the foreign product. With the softwood lumber tarrifs the cost of building a home with Canadian softwood lumber went up by tens of thousands of dollars and Canadian companies laughed all the way to the bank. American consumers paid more and Canadian companies made record profits because the US can’t produce enough softwood lumber to meet its needs.
So, the price to American companies and consumers goes up and the cost of American goods overseas goes up. Americans pay the tarrifs and American companies sell less goods overseas.
America loses.
What I love… what I really love… is that this happened during the administration of Trump’s favorite president (other than himself), Andrew Jackson:
So in your example, I guess the tariffs don’t apply to Canada? Because the proceeds of tariffs go to the government of the country charging them.
I’m not sure what you’re asking. If you’re referring to softwood lumber the profits of Canadian lumber companies were at record levels because the US needs Canadian softwood lumber with or without tarrifs. The tarrifs didn’t affect sales at all so with the increased demand despite the tarrifs Canadian companies didn’t suffer at all. US consumers spent more and the money went to the US government which presumably gave some of the money to uncompetitive US softwood lumber companies to subsides their unprofitable operations. It’s a tax on US consumers.
Canadian softwood lumber companies pay a stumpage fee to sustainably harvest softwood on public land. US softwood lumber companies pay much higher prices to harvest lumber mostly on private land. It’s all about extracting the highest profit for the most wealthy people. Canada has a better system and the US is salty about it. The US has lost at the WTO every time but refuses to accept the result so it ignores its treaty obligations and just forges ahead with the illegal tarrifs which hurt US consumers.
Good. I hope he does it. Don’t let any of his yes-men or cronies tell him what a horrible idea it is. Let the whole fucking country burn.
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… what
Democrats will stop calling for deportation when they see what kind of bottom line putting people in labor camps brings.
Where so you think American farmers buy their fertilizer? Where they sell most of their soy and corn sell to? Maaaaany companies are either buying or selling to/from China. Many will go bankrupt, bany will struggle.
China is strengthening ties with Russia to replace u.s trade, and it shows that Putin is laughing his ass off at how he played a whole country, other than his I mean
Brought this up to a friend who is very pro Trump and he said
“Part of trying to get industry back in the country (which we would be better off with) involves making imports less appealing.”
These people have no concept of geo politics and global trade. For example, we produce a lot of the world’s soy, that’s a major export, not many other countries do it on a large scale like that - so we cut the other countries some slack and tell them we won’t produce this particular good so you can have a hand in the global economy. Yes having the production here would be ideal as I’m all for it, but the world is so much more than Murica and they can’t see past their fucking noses.
It’s way, way more than that. Specialization and comparative advantage underpins the entire globalized economy which is the only way to allow us to get more for the same amount of labor. Without it, we simply regress. US farmers grow soybeans so that Chinese manufactures can make the tractors to allow the US farmers to grow the soybeans, and that only works with free trade. And in this scenario there is no one else making a tractor for anywhere near the same cost, and no one else who can grow such a large volume of soybeans, otherwise the trade probably wouldn’t be happening in the first place. And so the alternative is that both countries have to make both independently. And that is more expensive without the efficiencies of economy of scale, more expensive because of lower supply because we don’t have the capacity to produce that many tractors and China can’t grow that many soybeans, and more expensive because of the infrastructure costs being duplicated and spread out over less units.
And so we both end up with less tractors and less food that are more expensive. Now add in petrochemical fertilizers imported from Canada, steel and coal for the metal used in the tractor imported from Australia, all the industries that support them also getting caught into this, and where every one of those companies is tied into their regional, national, and the global economy. And that is just for tractors and soybeans.
We trade for almost everything. And every single item that we trade, we do so because it is cheaper than making it ourselves. Tariffs are an artificial tax on efficiency, and we are literally less prosperous with them in place. Some things are a matter of national security, of not allowing a foreign government leverage over your society, but we’re talking about his genius plan to put tariffs on literally fucking everything - soybeans and tractors, but also clothing, toys, electronics, appliances, vehicles, on and on and on. And a tariff on it will increase the price, because that is just how economics works.
There are chinese tractor companies? I only know US, Italian, French or German tractor companies.
I specifically looked it up just to be sure, John Deere does have multiple factories in China and a good amount of their website wording includes “assembled in USA”, sort of like cars and appliances and a lot of things, usually to get around existing tariffs and import duties. They do also have factories in Germany, Mexico, india, and of course multiple in the USA, but I kept it simple for the sake of the explanation, because China also does produce a lot of soybeans as well.
Just be sure to remind him at every opportunity that he voted for things to be more expensive.
I will
Three different ways trump has promised to his effective income
- Tariffs - prices directly go up
- Income taxes will be raised unless he’s in the 1%
- Mass Deportation will make food more expensive because there won’t be any Latinos to pick crops.
Yes it does.
Do you know why we outsourced everything to China? Because they can do it cheaper.
You can get it back, have it higher quality, more jobs, better control over it, all that good stuff. But it won’t be cheaper.
The US sells things they can make comparatively cheaper (not just price, its an opportunity cost) - better educated population, logistic, access to raw material, infrastructure investments. China sells things they can do cheaper - usually the fact that life is cheap in China.
Does he also know local companies will capitalise on the price increase?
Current import price: 80
Current USA made price: 100
Tariff import price: 200
Tariff USA made price: 190
Trump is banking on foreign companies moving their operations to the US. There’s also a high chance that Trump actually won’t do anything. The guy talks a lot.
I’m involved in the manufacturing sector. At recent trade shows, we’ve been hearing that a lot of companies were holding off on making decisions about purchasing goods and machinery until after the election, though no one was saying much specifically about what each candidate would mean for their decisions. This article seems to say the outlook isn’t super rosy and his initiatives don’t make a ton of sense.
I’m in manufacturing within China. While I’m not American and don’t work with American companies. Lots of our supply chain has said there is high levels of uncertainty in projects. Projects have been on hold for months.
Fuuuuuuuck me I wanted a new PC & a new laptop. How much time do I have before this hits?!
My phone was on its way out so I got something with better translation features and support for my move to Germany. Was it expensive? Yes. Is it less expensive than it will be? Also yes.
I wouldn’t be surprised if this causes scalpers to start hoarding goods again like they did during the pandemic. Artificial scarcity but still cheaper than the official price on Amazon or whatever.
Companies are pre-buying goods and laying off workers already, so why wouldn’t the citizenry?
Just so you know: Germany’s government basically imploded yesterday. Has been a long time coming, really.
Also, if you move to any of the big cities (FFM, Hamburg, Bremen, Berlin) you won’t need to speak German.
I’m aware. Been following that as well. I still trust Germany more than I trust the USA. I unfortunately can’t really move to one of the larger cities as it’s pretty cost prohibitive until my wife could find a job. We are going to live in a less populated town for a while and ramp up culturally and see how everything goes. She speaks Spanish fluently, so we may end up in Spain after some time. It’s hard to say.
As a german citizen: Good luck, and welcome to germany! Hope you have a great time here. There are many very very beautiful small towns which don’t costs much, but are usually still in the vicinity of larger cities. So you usually, if you plan correctly, you get the pro’s of both. Beautiful small historic city and if wanted the buzz of a big city withing an hour’s drive. Cheers!
New Ryzen 7 got released too. Looks cool
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.
Even if, did they think prices would just stay the same? Tariffs only work if production is moved back home, which for many industries won’t happen, which means costs will be passed on to consumers.
Seeing a stark void of “Fuck China” posts all of a sudden. Crazy what happens when the treat train gets held up at the border.
