this post was submitted on 30 Oct 2024
771 points (98.7% liked)

People Twitter

5274 readers
1216 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a tweet or similar
  4. No bullying or international politcs
  5. Be excellent to each other.

founded 1 year ago
MODERATORS
SendMeYourTaTas@sh.itjust.works
pelespirit@sh.itjust.works
771
"Necessary" (lemmy.ml)
submitted 3 weeks ago by usernamesAreTricky@lemmy.ml to c/whitepeopletwitter@sh.itjust.works
100 comments fedilink hide all child comments
 

https://www.threads.net/@kamalahq/post/DBwSh-pMOIh

you are viewing a single comment's thread
view the rest of the comments
[–] sugar_in_your_tea@sh.itjust.works 2 points 3 weeks ago

Protectionism. Musk stands to gain a ton if there's less competition from imported EVs, and that's true for a lot of other products that American companies make. If you can just throw a few million at a presidential campaign and essentially guarantee your competitors will have a 10-60% disadvantage, those few millions can turn into billions in profit.

On paper, the goal seems to be to spur companies to return to the US, but I think the net impact will be higher prices for Americans and reduced trade w/ other countries due to retaliatory tariffs.