newmou [he/him]

  • 20 Posts
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Joined 5 years ago
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Cake day: July 29th, 2020

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  • Is there a version of our immediate future where these tariffs are actually imposed tomorrow (today now I guess) and prices of the majority of goods do not really increase all that much for most Americans? And if that happens, Trump’s political mandate actually grows and he gets more belligerent?

    I just see this idea of a “25% tariff resulting in a 25% price hike” as one of those things that makes sense economically when you put it on paper, that domestic companies importing products who will be paying these tariffs at customs will increase the cost they sell them for to recuperate the tariff, resulting in that cost being passed to the consumer. But I just cannot shake that it also feels like one of those nothing-ever-happens hype situations where we are all looking at a US car racing towards a wall, predicting the US car will crash, and by the grace of the US-backed Anti-God, the car goes straight through the wall unscathed