Trump tariffs will make video game consoles up to 40% more expensive

'Heaven is a place in Earth' was, in fact, released in 1987 by Belinda Carlisle.

Fueled by cheap Big Mac's, no doubt, though the song neglects to mention them.

One category of people i literally care not for are assholes who judge other peoples hobbies like they're the end all be all of how people should act.

Bruh, I voted for Kamala Harris

This is good for america because reasons.

People with lifted pickup trucks can now go into even more debt, so they can flex on the "poors" (while complaining about their "economic anxiety").

If that is truly their plan, they are dumber than we fucking figured.

If a billionaire wants to buy a swimming pool, he needs a considerable amount of other people to be able to afford swimming pools or it it becomes impossible for him to get one at all eventually.

To have a swimming pool, there needs to be an industry of specialized labororers who can manufacture and install. There has to be electricians who specialize in mixing water and electricity. There has to be people working the factories where the chlorine gets manufactured and bottled.

This is true for every product that billionaires consume. You really gotta think that these people with all this wealth would have people on the payroll pointing this out to them.

Especially because every grift that trump has made, his shoes and the like, were all made internationally. Wonder who will pay for those tarrifs when he does the same?

He's fixing the economy, duh!!!

This is good. Same way forest fires can be good.

But those people thinking they'll be the elite don't quite realize how exactly.

Faces will be cheap though, there are plenty of those to go around for the next few years

That would in long term be good. I'm serious. Keeping all your eggs in one basket is bad, and other than that - said one basket may, for example, not scale production fast enough so to keep profits, that's basic supply and demand and that's what oil producers do too.

Short term, though, would be similar to a collapse of civilization.

And lower wages.

Kamala ("or Kamabla" as the adult children like to call her", because that's normal for a president to make jokes about names) was also going to increase the minimum wage

So, those underpaid children are going to get hit by tariffs and not get a wage increase

Maybe we can have speakeasy arcades run by nerds with 3D printed tommy guns.

I'm not sure it's a safe bet. Only if the tariffs last longer than 4 years. Building new factories takes a couple years, then you need to break even all within 4 years? Just seems risky to me

Except they don't. They just move them to other countries like Vietnam.

Unlikely. In the age of globalism, it's much more likely that manufacturing will leave the US to dodge counter-tariffs. The combined markets of Europe and Asia is for most products larger than the US market, and that trend is only likely to increase in the future as Asia develops. Manufacturers know making stuff in Asia is just cheaper, and that American consumers are more likely to go into debt to buy stuff than other consumers. They also know that these tariffs are unlikely to last for long, because if the US takes the expected economic hit here then it becomes less likely that Trump/the GOP remains in control (eg midterms flip control back to the democrats).

Not much reason to move factories to the US, which is wildly expensive, when taking the hit and waiting it out is ultimately most likely cheaper.

That's not the main point where you can assist that. Patent law would be the main point.

It's just a stupid way of doing it. Companies should be getting other incentives to bring manufacturing home. The middle and lower class shouldn't burn for that to happen.

I think he probably talked about US people. You know, on a Article about a US (import-)Tarrif by a US President

Also, that food magically appears in grocery stores.

Gawd or something

waves hands

Even if they did, they would still be passing that cost down to us.

And even if they did, do they think they are just going to swallow those fees?

I am actually in favor of tariffs in a couple of limited situations:

1. Foreign goods are cheap due to non-existent labor laws

2. Foreign goods are cheap, but produce more emissions than domestic manufacturing

#2 is also called a carbon border adjustment mechanism, or CBAM, and the EU voted to implement one last year that goes into effect in 2026. The USA desperately needs one IMHO. I'm involved in a nonprofit that's been lobbying Congress to implement our own CBAM.

It's silly though to think that a tariff is anything but a tax. It's not any different than any other way that we use our tax laws to try to regulate "pure" capitalism by encouraging certain behavior and discouraging other behavior.

Much more than anime boobs.

Yep. Definitely.

Adds to wishlist

Not to mention literally all of the good processors come from Taiwan.

True. There are also parents buying them for their kids and a couple of other exceptions.

I've found life to be slightly less stressfull when you stop worrying about this that you 1. can't do anything about and 2. likely wont even happen.

The world was supposed to end in 2016 when he got elected and I bought into that. It didn't. I'll be a bit more sceptical this time around.

I'm still waiting for the wall to be built with Mexican money. Just because Trump says he's going to do something doesn't mean he actually will. I don't care what liars say, I care what they do.

How dumb are you?

I could ask you the same thing for expecting me to answer to a question that ends like this. Now you just end on the blocklist with the rest of the incivil jerks.

Even products "made in the USA", like an automobile, rely on parts from overseas suppliers, especially China.

Are tariffs applied when a company produces something in one country and transports them to their own company in another country? I thought they only applied to sales.