• mysteryname101@lemmy.world
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      14 days 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.

  • sp3ctr4l@lemmy.zip
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    15 days ago

    It will at least be extremely funny to watch all the right wing gamer bro chuds freak the fuck out when an immediate consequence of their actions will be that gaming pc components instantly inflate 50% in price.

    Glad I already got my Steam Deck, fuck.

    • djsoren19@yiffit.net
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      15 days ago

      This post is my reminder that I should probably upgrade my graphics card this December, rather than waiting for any other time.

      • Takios@discuss.tchncs.de
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        14 days ago

        I guess there will be many people thinking that, driving up demand->increasing prices before any tariffs even exist.

    • snooggums@lemmy.world
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      15 days ago

      Bold of you to assune they won’t just blame Dems because it isn’t like reality matters.

    • ohellidk@sh.itjust.works
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      15 days ago

      yep! and by then it’s too late. they’ve already shot themselves in the foot, they just haven’t felt the pain yet.

      edit - and honestly, if we were actually producing all this stuff locally and competitively, I would be OK with these chinese tariffs since it would encourage buying USA-made. The problem is that we arent, and probably won’t be for a while. we’d all suffer in the meantime.

    • _bcron_@lemmy.world
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      15 days ago

      If you think that’s funny just wait for all the construction bros to discover that Milwaukee is now a Chinese company and their M18 HD12 batteries suddenly cost >500 a pop

      • Mirshe@lemmy.world
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        15 days ago

        And automotive guys figuring out a good chunk of their replacement parts are European.

        • _bcron_@lemmy.world
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          15 days ago

          Oh, that too. Most of these compact SUVs are built foreign because that’s where they generate the most revenue. Imagine hitting a pheasant in your Chevy, a pheasant of all things, and getting a 10k insurance estimate because it cracked your made-in-Mexico integrated LED headlamp assembly and split your bumper cover

    • macniel@feddit.org
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      15 days ago

      but but… Orange men said it was good for the economy, now I have to pay 2000 Dollars for a 5090? Why aren’t they coming to America and produce here!?

          • sp3ctr4l@lemmy.zip
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            15 days ago

            Its a pretty strategically and economically impactful piece of legislation pushed by, and then signed into law, by Biden, in 2022.

            It basically sets up a bunch of tax incentives and funds to go toward building out domestic computer hardware research and manufacturing.

            Its the kind of thing that would lay the foundation for the US building a lot more of its own computer hardware, instead of importing it.

            So when the Trump tariff apocalypse hits… assuming the CHIPS Act does not get repealed, it will be the only saving grace in terms of possibly lowering computer hardware costs.

            Trump and Republicans are likely to try and take credit for this, if domestic chip fabs start coming online before 2028, pretending it is something they came up with.

        • rand_alpha19@moist.catsweat.com
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          15 days ago

          Oh, the thing Trump called “so bad” on Joe Rogan a couple weeks ago? He said that tariffs are his preferred strategy to force companies to build in the US. Maybe that was just rhetoric and you can’t trust it, but he did say it.

          As it stands, CHIPS isn’t going anywhere, so at least Americans won’t be totally fucked.

          • AppleTea@lemmy.zip
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            14 days ago

            I know these things take time, but it’s really hard not to be skeptical of CHIPS amounting to much. It reminds me too much of all the grant money given to telecom companies like AT&T and Verizon - supposed to be for improving infrastructure and implementing 5G, but they just pocketed the money as profit.

            • rand_alpha19@moist.catsweat.com
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              12 days ago

              For what it’s worth, I agree with you. Most telecom infrastructure funding has been historically pocketed. There is a chance it does work, though.

              If not, maybe the tariffs will help in the short term by minimizing profit from overseas supply chains and incentivize American manufacturing, causing a positive effect on the sector in concert with CHIPS (but I doubt it).

    • Eatspancakes84@lemmy.world
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      13 days ago

      I really really hope that they will enact their economic agenda before their racist agenda. When they denaturalize and deport citizens, half of us will be cheering (unfortunately). When the price of electronics/ cars increases it distributes harm to all.

      • If country A sells most of an export to country B and country B makes it harder for country A to sell to country B, country A may raise prices for countries C, D and E to make up for the losses caused by country B.

          • Buddahriffic@lemmy.world
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            14 days ago

            Yeah, I’d think they’re going to produce what they are going to produce and will adjust allocation and prices to accommodate the demand change in the tariff country.

          • Dasus@lemmy.world
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            15 days ago

            A bit over a half of them, yeah. (I do realise that voters aren’t 100% of the population but)

              • Dasus@lemmy.world
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                14 days ago

                Yeah those fuckers would be included, which is why the figure doesn’t work but also getting too pedantic would make it far less quippy, so…

  • beebarfbadger@lemmy.world
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    12 days ago
    1. Not true at all. Vile lies spread by the Democrats.
    2. Okay, maybe it is true, but it’s actually a good thing.
    3. Okay, maybe the results are catastrophic, but it’s actually the Democrats’ fault. The solution is higher tariffs.
  • seang96@spgrn.com
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    15 days ago

    Its a shame I don’t have enough for solar yet. If you get it now its like getting a free battery if they are all getting a 40% hike. Probably gonna get rid of the tax incentive too cause the rich need it more too right?!

    • jballs@sh.itjust.works
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      15 days ago

      Probably worth financing it. What you lose in interest costs will probably be worth it if these tariffs go through.

      • seang96@spgrn.com
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        15 days ago

        You aren’t wrong but my goals to pay off my car loan first and that should be done in a year. Sucky timing I guess.

  • Magister@lemmy.world
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    15 days ago

    For years, us, Canadians went to USA for shopping. Next year with the exchange rate at the highest for US$, and Canada without tariff, a shit load of americans will come to Canada to buy their electronics and stuff.

    • Rob Bos@lemmy.ca
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      15 days ago

      They’ll still have to pay the tariff when crossing the border back to the USA, unless they want to risk smuggling it.

      • Magister@lemmy.world
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        15 days ago

        REGULATIONS

        Returning to the U.S.

        Less than 48 hours in Canada:

        $200 USD worth of goods per person, tax and duty freeAny purchase of alcohol or tobacco products may be subject to duties and taxes

        48+ hours in Canada:

        $800 USD worth of goods per person, tax and duty freePurchases may include 1 litre of alcohol, 200 cigarettes (1 carton), and 100 cigarsFamily members can combine their tax and duty allowances

        • LifeInMultipleChoice@lemmy.dbzer0.com
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          14 days ago

          So our 19 year olds who need abortions, what stops them from going their getting care and then having a drink a smoke and coming home after. Except the prospect of not wanting to come back?

      • Strykker@programming.dev
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        15 days ago

        I .Ean that’s how it was for Canadians, it’s not like we had an actual work around there either. People just don’t bother to declare stuff when crossing.

        • MirthfulAlembic@lemmy.world
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          15 days ago

          A Canadian I used to know told me their family would have some cheaper items in the back seat that they’d declare and hide the more expensive stuff. Apparently it did work.

          • Cypher@lemmy.world
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            14 days ago

            That was my shoplifting tactic when I was a kid.

            Well not the backseat part, I hid chocolates in my bike helmet and always bought something like a drink.

            All the idiots that didn’t buy anything got caught instantly.

  • Juigi@lemm.ee
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    13 days ago

    Rich get richer, poor people suffer. Americans are so f dumb i cant take it

  • UnderpantsWeevil@lemmy.world
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    15 days 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.

  • Dr_Box@lemmy.world
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    15 days 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.”

    • Yokozuna@lemmy.world
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      15 days 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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        14 days 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.

          • ElegantBiscuit@lemm.ee
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            14 days ago

            I specifically looked it up just to be sure, John Deere does have multiple factories in China and a good amount of their website wording includes “assembled in USA”, sort of like cars and appliances and a lot of things, usually to get around existing tariffs and import duties. They do also have factories in Germany, Mexico, india, and of course multiple in the USA, but I kept it simple for the sake of the explanation, because China also does produce a lot of soybeans as well.

        • commie@lemmy.dbzer0.com
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          14 days ago

          And a tariff on it will increase the price, because that is just how economics works.

          this is not very scientific.

          • HappycamperNZ@lemmy.world
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            13 days ago

            No, but its exactly correct in a short sentence. Science wishes it could be that exact.

            Please tell me any way a tax, an additional cost added on to something could lower the price.

          • starman2112@sh.itjust.works
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            14 days ago

            The cost of getting the goods to consumers goes up. Does the consumer pay:

            A) More

            B) Less

            C) The same

            This election was decided by the majority of people in this country not being able to answer this very simple question

            Edit: oh shit I didn’t even notice it was you lmao I see you’re still roleplaying The Person With The Worst Takes

        • commie@lemmy.dbzer0.com
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          14 days ago

          we could have a more robust economy where we do make everything and they make everything and nothing needs to be more expensive, if we just let it be less profitable

    • FUBAR@lemm.ee
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      15 days ago

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

      • Frozengyro@lemmy.world
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        14 days ago

        Current import price: 80

        Current USA made price: 100

        Tariff import price: 200

        Tariff USA made price: 190

    • HappycamperNZ@lemmy.world
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      14 days 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.

    • GiddyGap@lemm.ee
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      15 days 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.

      • m4xie@lemmy.blahaj.zone
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        14 days ago

        It will take more than 4 years to move much of anything to the US. Will anyone think it’s worth it?

  • innermeerkat@jlai.lu
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    15 days ago

    That’s all cool and nice, but let’s see what happens to the prices when Taiwan gets invaded.

    • UnderpantsWeevil@lemmy.world
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      15 days ago

      No need to invade when their economy collapses internally and Beijing can step up to buy the whole island out from the bargain basement bin.

    • IndiBrony@lemmy.world
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      15 days ago

      Had a friend an acquaintance of mine say that this wouldn’t happen because “Trump hates China so he’ll defend Taiwan” He’ll also “support Israel so Iran won’t get so uppity!” He also believes that whilst Ukraine is probably fucked, at least the war will be over.

      That’s nice, isn’t it?

      • Paddzr@lemmy.world
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        15 days ago

        Ah the poor soul! Having to hear about the Ukraine war!!! He’s just too precious, how dare we inconvenience him by keep this in the news???

        • IndiBrony@lemmy.world
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          15 days ago

          Even my girlfriend, who doesn’t really do politics, turned to me and said “but surely Putin then just goes after his next target like Hitler did”

          It’s pretty telling when someone who struggles with politics in general understands it better than a guy who spent time in Afghanistan.

          • Mirshe@lemmy.world
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            15 days ago

            And that’s exactly it. Putin has literally made no secret that he wants to take back, by force, every former SSR he can’t force into CSTO. The Baltics, Moldova, Poland, Finland probably. Then south to Georgia, Armenia, and who knows where it’ll stop - maybe he’ll be dumb enough (and live long enough) to try to start Afghanistan War #4.

            • LifeInMultipleChoice@lemmy.dbzer0.com
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              14 days ago

              That’s why he needs Trump to sabotage and get the U.S. to leave NATO. If he gets the U.S. out of there and convince Hungary/ Germany to slowly turn against Poland… the odds slowly keep changing