The next four years will be fascinating to watch.
are you watching from outside or inside? i got the feeling one is less stressful than the other
When America gets sick, the whole world coughs.
Sadly we’re all in the inside of this one
Sometimes you have to cut out the cancer and then let it heal.
I’m gonna guess this might be different 4 years from now. I would think it’s in the best interest of other countries to lessen their dependence on the USA for certain things.
It’s stressful enough from the outside 😰
For someone with family ties in Ukraine, being on the outside is still incredibly terrifying. Let alone that Muskfuck is now promoting AFD
Very far on the outside.
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hey, i voted no to facism
Definitely won’t be boring.
We live in interesting times, no doubt about it.
The right time for Chinese tariffs was 1980.
This comic misses the incentive for local businesses to chase the new profit margin created by the tariff.
If your competition is import goods, you may sell a quality product at $2, with the import version at $1.50. If the tariff causes the import to rise to $2.50, then the local capitalist will raise to $2.40. There’s no reason not to take the extra profit made from a selfish perspective.
Alternatively, the importer could leave the market. But now you have a monopoly, which again, is anti-competitive and leads to raised prices and malicious practices without consumer protections, which the administration seems to be firing.
These are great moves for capital owners to reshape and control market. Consumers will suffer.
This implies that local availability of competitive products exists, which for the vast majority of things in the US is not the case. So many of our goods are made overseas and imported.
Tariffs are going to raise consumer expenses till one of two things happens: Local production ramps up and provides local goods (at likely a similar or higher price because our wages are higher than overseas) or a political change occurs that results in the removal of the tariffs. Either way US consumers are going to feel the increased cost of goods for the foreseeable future…
Hypothetically this could create business incentives for building local capacity, but realistically manufacturers are not going to invest with the assumption that these tariffs will be permanent. Eventually either Trump will back down or he’ll be replaced by someone else, and the tariffs will end. Why invest in manufacturing when there’s no long term guarantees for profitability?
And meanwhile many small businesses will go down since they don’t have the bargaining power like their bigger competitors. The rising prices of their suppliers will completely wipe out the tiny margins they had. Even if they raise their prices their competitors can undercut them even more aggressively now. Also quality and quantities of products will go down.
Agreed that the typical, more realistic case is what will happen.
I’ve gotten into arguments with other keyboard warriors over this point, so it’s something I mention when tariffs are discussed.
Really not the time to sleep on China if you want to keep your Imperial empire guys.
China completely ravaged US manufacturing and y’all are still in the corner wanking over ‘cheap Chinese product.’
China doesn’t just make the cheap things you use. They make everything you use.
Stop licking your wounds with petulent little jabs like this and start finding a way to compete. You know, the way your sacred free market dictates that you should.
China went from making cheap things to making everything you use cheap with either you or the American corporation you purchased from pocketing the difference.
They’re on a path to making things better than the US and once they do, we’ll have a new world order. If the US doesn’t wake up now, the second half of this century will be very different than the past 150 years.
Do you ever wonder how they can be so much cheaper?
Low labor costs and centralization but the how matters less than the if and when (will they supercede the US) in this scenario.
They’re on a path to making things better than the US and once they do, we’ll have a new world order. If the US doesn’t wake up now, the second half of this century will be very different than the past 150 years.
What are you thinking of?
EVs in the next 10 years. They’ve made massive investments dating back over a decade while the US can be described as aimlessly meandering like a drunk on the side of a freeway at best.
I also see the past decade of histrionic sjw attention-seeking as a meandering waste of time.
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That stuff was never cheap though
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“Hahah how true,” the liberal said as they view this on their Chinese made iPhone.
Really revealing American racism for what it is. But please, keep it up. People are noticing, and you’re losing more voters.
Ofc it’s an ml wumao
Right, what a load of bullshit.
Chinese stuff is just “junk”?
Do they not realise a huge number of goods are made in China, how ignorant.
Nobody said otherwise
Well they inferred it
