And Walmart will but only by a tinsy tiny bit. That’s why they’re coming out and saying this.
this post was submitted on 23 Nov 2024
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Ah, nice to see Lemmy wholeheartedly embracing our friend and source of truth, Walmart.
Tomorrow's headline: "Amazon says worker conditions will be bad because of Trump"
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(8 replies)
That's how it works. Imported products will be much expensive and local products will be able to compete and people will buy them instead of the ones coming from China.
That is the theory, but are there local products for the things that the US is importing? I don't think so. Also local companies may just align their prices with the imported stuff.
If the eggs situation told us anything, US companies will just jump at the opportunity to raise their prices, then pat themselves on the back for record profits
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.
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(5 replies)
Cry more. Americans chose Trump with eyes wide open and deserve everything that's coming to them.
I hope you die in a painful way
Maybe bleeding out because you can't get medical care because a bunch of men said you can't get it cause Jesus
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Watching this thread to find if dot world hates Trump or China more