Cool story, bro |
If you can get through the next few decades of economic pain, we’ll have a wonderful economy where 10-year olds work 16 hour days serving the robots building your consumer goods. I don’t know many regular people that are going to survive the shock unscathed. But a lot of out of touch Trump elitists are thinking they’ll be just fine, and if the peasants come for their heads, they’ll just escape to Mars or sick their government toadies on them. |
Tariffs are a tax on every day goods. So regardless of your awesome meeting with your contractors, THEIR costs are going up. their food costs, their labor costs, their materials costs etc are ALL going up. They may not feel it today, but they will in a week or a month. |
Guess they'll be in for a surprise once they realize where most of the stuff they buy and their wives buy comes from. |
Not if they buy local. Look at companies doing good on stock market. Look at companies doing bad. The companies going down are the ones that exported US jobs and rely on other companies to build things. Hope they go in the toilet. Maybe next time, hire a US worker. Just a thought. |
Either they're incredibly dense and denying reality, or don't know it yet. The US imports hundreds of billions of dollars worth of construction material - anything from steel, metal, and wood, to building components such as plumbing materials, hardware, wiring, HVAC, etc. This doesn't take into account stuff like construction equipment, power tools, and up the chain impacts (for instance, machinery for saw mills that process lumber, or pigments that go into manufacturing paint). If there is a 25% tariff on these goods, their prices will go up by at least that much. And even if you assume that there are competing products made entirely in the US, their prices will go up too (not as much as the tariffed goods), because they can. I would be loathe to work with people that can't even see this one coming, because they're going to be least prepared to deal with it. As a consequence, their clients are more likely to be told at the nth hour that the stone they were planning to use for their counters have now doubled in price, and their project prices are no longer what they were originally quoted. |
^does not understand how supply and demand works. |
+1 Trump is destroying one of the things in which the USA is the indisputable global leader: medical research. But enjoy 15-year-olds making toasters at midnight, I guess? |
Blame Walmart. Blame Amazon. |
Do tell! Who are these companies that are doing good and immune from the stupid tariffs? |
Then, here’s an idea…tax the rich! |
Next time they want to make decent chocolate chip cookies, guess where the vanilla comes from? I challenge you to name a list of products that every day Americans can afford that are made domestically. Hint: almost nothing at walmart or target is made domestically. Guess where MOST Americans shop? |
There was some blogger a few years ago who tried to buy only American for a full year. Some things were so expensive - only $300 jeans made in the US. Others were simply impossible to find - it simply is not fully made anywhere in the country. I can't remember the name, but it was really interesting. |
I do, in part. When Sam Walton was alive, he supported American businesses and Walmart and Sam's Club carried American-made products. When he died, his children lowered prices by buying imported products, and the downward spiral continued. But the reason they did that was because of corporate governance and rules and regulations from Congress, laws, and court cases. Greed was not only encouraged but also required. Corporate reform would bring back Sam Walton's policies rather than his children's policies, which would enrich Americans overall but would reduce the wealth of the CEOS, owners, and shareholders, who are also us. |