• Lemminary@lemmy.world
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    2 hours ago

    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.

    • Roflmasterbigpimp@lemmy.world
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      58 minutes ago

      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.

  • RagingRobot@lemmy.world
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    2 hours ago

    It sucks the prices will go up, and I’m not saying I want this but I feel like they would go up higher than this based on what he said.

    • fosho@lemmy.ca
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      29 minutes ago

      I’m not sure what’s worse. the fact you can understand the incoherence or that you believed any of it.

    • ziggurat@lemmy.world
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      32 minutes ago

      Used electronics you already own goes brrr Used electronics for sale will go up in price, because the seller needs money to buy new electronics or maybe food

    • mysteryname101@lemmy.world
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      3 hours ago

      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.

  • vala@lemmy.world
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    7 hours ago

    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.

  • UnderpantsWeevil@lemmy.world
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    9 hours ago

    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.

    • Altima NEO@lemmy.zip
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      8 hours ago

      They already have been. China has been working at circumventing restrictions by basically offloading raw materials or parts to Mexico and having them build the product to ship to the US.

  • Dr_Box@lemmy.world
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    10 hours ago

    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.”

    • HappycamperNZ@lemmy.world
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      6 hours ago

      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.

    • FUBAR@lemm.ee
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      8 hours ago

      Does he also know local companies will capitalise on the price increase?

      • Frozengyro@lemmy.world
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        7 hours ago

        Current import price: 80

        Current USA made price: 100

        Tariff import price: 200

        Tariff USA made price: 190

    • GiddyGap@lemm.ee
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      9 hours ago

      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.

    • Yokozuna@lemmy.world
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      10 hours ago

      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.

      • ElegantBiscuit@lemm.ee
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        51 minutes ago

        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.

  • مهما طال الليل@lemm.ee
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    10 hours ago

    The world will be split between countries that trade freely with China and countries that don’t.

    This will be the test and control for whether trading with China is good or bad.