this post was submitted on 23 Nov 2024
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politics

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[–] yarr@feddit.nl 5 points 1 hour ago (2 children)

Folks, listen closely, okay? Nobody understands tariffs better than me. Believe me, they’re tremendous, tremendous tariffs. And now Walmart – yes, Walmart, great company, big stores, huge – they’re telling you that YOU, the great American people, will be paying for these tariffs. And you know what? That’s fantastic news. Incredible. Let me tell you why.

First, it’s about sacrifice. The greatest country in the world doesn’t rise without its amazing, hardworking patriots chipping in a little bit more. And trust me, when you pay a little extra at Walmart for your cheap, uh, Made-in-China toasters, you’re not just buying a toaster. You’re buying FREEDOM, folks. You’re sticking it to the Chinese economy. No one else could get that deal done, okay? Only me.

Second, we’re BUILDING here, okay? When American families dig a little deeper into their pockets, that’s money going back into our economy. It’s like… MAGA economics, so smart you wouldn’t believe it. All of a sudden, Americans will say, "Hey, why am I buying Chinese stuff? Let’s buy American!" And BOOM – jobs. Factories humming. Steel, coal, maybe even wood, I don’t know. Beautiful stuff.

Third, let’s talk winning. When we pay these tariffs – our tariffs – we’re showing the world who’s boss. China thinks they’re so smart. So clever. Well, joke’s on them. We’re so good at tariffs, we’re making YOU pay them instead of them. Genius move, right? They won’t even know what hit them. Tremendous strategy. They’re probably shaking in Beijing.

And look, folks, I hear you. “But sir, sir, what about the prices?” And I say this: are you willing to pay a little more at Walmart to make America the GREATEST it’s ever been? I think you are. And if you’re not, then maybe you like China too much. Sad!

So remember, every time you spend a little extra at Walmart – and it’s a GREAT store, by the way, I love it, fantastic – just think of it as making a donation to America. To freedom. To ME – your favorite president – who is bringing the best tariffs, the best deals, and the best America you’ve ever seen.

God bless tariffs. God bless Walmart. And God bless the United States of America. MAGA!

[–] simplejack@lemmy.world 5 points 1 hour ago

Long long maaaaan

[–] GhiLA@sh.itjust.works 1 points 42 minutes ago

Good thing I can't read

votes Republican

[–] brucethemoose@lemmy.world 2 points 40 minutes ago* (last edited 39 minutes ago)

It doesn't even matter:

https://www.axios.com/2024/11/18/consumer-confidence-trump-republicans-white-house

Turns out, a lot of consumer mood is literally just people's social media feeds. Even if prices go up and QoL goes down, on average, consumers might feel better simply because Trump being in office makes them feel good.

I am not going to point out how monumentally problematic this is... Nope. There's definitely no bad precedent for that.

[–] aesthelete@lemmy.world 20 points 2 hours ago

China will pay for the tariffs in the same way Mexico paid for the wall.

[–] GhiLA@sh.itjust.works 2 points 42 minutes ago

buys that external drive I've been putting off for a while

[–] cultsuperstar@lemmy.world 2 points 46 minutes ago

Hearing more and more stories about companies cutting bonuses this year so they can buy more supplies now at cheaper prices. They know the prices will go up and they'll have to pass the increase to the consumers. But how much you wanna bet these companies will still raise prices even before they have to pay their tariff increases? They're gonna get extra money on the supplies they paid the lower prices on.

[–] Suavevillain@lemmy.world 18 points 2 hours ago

The I voted for him for cheaper eggs crowd are about to call this fake news.

[–] Rekorse@sh.itjust.works 2 points 1 hour ago

Cool. Places like Aldis will continue not-fucking their customers while walmart will continue doing the same shit it always has, fucking over poor people and small business owners.

Dont shop at walmart if you can help it. Or kroger. Or any other shitty american company thats profit driven.

Cool trick y'all can do: if profit is the clear main goal, that company is garbage no matter what they do.

[–] Gammelfisch@lemmy.world 3 points 1 hour ago

Mango Mussolini's tariff plans will increase prices across the board. The corporations earned record profits during the so-called inflation and the US consumers that voted for Cheeto are fucking clueless about the inbound out of control freight train.

[–] inclementimmigrant@lemmy.world 12 points 3 hours ago (2 children)

Yeah, I mean I knew that, you knew that, Americans are so uneducated that the majority had no idea how basic economics work.

Well FAFO, we're all going to learn the hard way I guess.

[–] IzzyJ@lemmy.world 7 points 2 hours ago* (last edited 2 hours ago)

And fuck those of us who already knew the lesson. Its like school but without getting to go home at the end of the day. And just like school, the kids who need it probably wont pay attention

[–] Rekorse@sh.itjust.works 1 points 1 hour ago (2 children)

First of all walmart doesnt have to do this, they are choosing to.

Second, last time trump did tariffs prices went up in the following months, and then returned back to baseline following that.

There will be a reactionary period once they are placed. Walmart will either shift to buying more locally to maintain the most profit they can, or a competitor will undercut them.

[–] MrMcGasion@lemmy.world 1 points 46 minutes ago

Shifting to buying more locally can work when there are local businesses that can ramp up production easily to meet demand, it doesn't work when there is no local production that can be easily expanded, or when there aren't enough local resources to supply local manufacturing (for example lithium for battery production)

Also, trade has been our leverage keeping China in check, we need their stuff, and they need our money, so we get along. If suddenly we say "we don't want your stuff anymore, and we're not giving you our money" they're gonna turn around and sell more to India, Russia, and Europe. They'll be fine, but we'll both lose our leverage and toilet our economy for at least a decade while we try to recover from shooting ourselves in the leg.

[–] zergtoshi@lemmy.world 1 points 1 hour ago

Buying local is an option to evade paying tariffs on imported goods.
But what do you do if buying local is no real option?
I'm thinking of coffee, chocolate, computers, mobile phones, game consoles, cars, etc.

[–] GiddyGap@lemm.ee 1 points 1 hour ago (1 children)

Cry more. Americans chose Trump with eyes wide open and deserve everything that's coming to them.

[–] simplejack@lemmy.world 4 points 1 hour ago

If only his actions didn’t also hurt the half of the country that voted against him and organized to keep him out of office. He won by a sliver.

[–] capital@lemmy.world 3 points 2 hours ago

I was promised cheaper eggs.

[–] A_Random_Idiot@lemmy.world 45 points 5 hours ago* (last edited 5 hours ago) (2 children)

100% guarantee price raises across the board, even for stuff not affected by tarrifs/mass deportation labor shortages.

It'll be covid all over again, an excuse to price gouge the fuck out of those who can least afford it.

[–] Rentlar@lemmy.ca 5 points 2 hours ago (2 children)

If companies are going to suck consumers dry just because they can, they'd better put Republican's name on it.

[–] smeenz@lemmy.nz 4 points 1 hour ago (1 children)

Are you kidding ? This is absolutely going to be blamed on Biden, loudly and repeatedly.

[–] Rentlar@lemmy.ca 1 points 56 minutes ago

I know I know, Walmart is in the GOP's pocket. But if the DNC knows what's good for them they'll take any scraps they have from Harris 2024 and painting the entire Republican movement as lovers of raising prices on Americans.

[–] BigPotato@lemmy.world 7 points 2 hours ago

They won't.

[–] BruceTwarzen@lemm.ee 1 points 2 hours ago (1 children)

Wonder who they who are they gonna blame then?

[–] Bruhh@lemmy.world 1 points 1 hour ago

What are you talking about? It'll all be Biden's fault.

[–] ThePerfectLink@lemmy.world 11 points 4 hours ago (1 children)

Realistically though, that's how tariffs just work. With products costing more, theoretically that should drive demand down and eventually lead to fewer imports. Of course, if there's still no competing product or the product is a basic necessity, then it'll likely just result in people paying more.

[–] Laser@feddit.org 1 points 1 hour ago (1 children)

Working tariffs make importing goods so expensive that manufacturing them nationally is viable. There are definitely areas where tariffs make sense, e.g. you have or want to build an industry that's competing against a subsidized industry from another country. Tariffs are one way to help with that.

But we all know that's way too much thought for him, which probably boiled down to "China bad"... which I'm not necessarily disagreeing with fully... but for reasons that tariffs aren't necessarily an answer to.

[–] Semi_Hemi_Demigod@lemmy.world 1 points 1 hour ago (1 children)

Working tariffs make importing goods so expensive that manufacturing them nationally is viable.

The lack of American subcompact trucks is evidence that this is false.

[–] Laser@feddit.org 1 points 1 hour ago (3 children)

I think this is rather an issue with what the majority of the market wants. If carmakers saw a bigger profit in offering smaller transport vehicles (pickup trucks in my opinion aren't even particularly good at transporting a lot of stuff), they'd manufacturer and sell them.

But the truth is pickup trucks are often just lifestyle products (when I need to transport something, I just rent something adequate) and as such, there is a much larger customer base than for sensible options, which makes the others commercially risky.

[–] chrizzowski@lemmy.ca 1 points 1 hour ago (1 children)

Wasn't it something to do with trucks are work vehicles so emissions restrictions didn't apply to the same extent, so they basically pushed trucks hard and made everything truck sized to skirt around it? That has the effect of turning into a lifestyle product. Guarantee my little Subaru sees more off-road than most jacked up trucks.

Actually I'd argue Subaru is more of a lifestyle brand, selling the idea that you for sure need that extra clearance and all wheel drive, just in case you decide to rock crawl your way up to a camping spot after Costco. I love mine, and actually use it, but that doesn't mean I'm blind to what they're pushing.

[–] Laser@feddit.org 1 points 55 minutes ago

That could also be, I'm not American so I don't know all the details.

However, watching from the outside, it clearly comes off as some kind of statement.

[–] Rekorse@sh.itjust.works 1 points 1 hour ago

I think this is why single use vehicles aren't popular in America. Everyone needs a car, usually to work, and generally also to vacation, grocery shop, meet friends and family, etc.

[–] Semi_Hemi_Demigod@lemmy.world 1 points 1 hour ago* (last edited 1 hour ago) (1 children)

Yeah, the fact that every sporting event's commercials rotate between dick pills, beer, and giant trucks totally doesn't have anything to do with it.

Also, if the market didn't demand smaller trucks, why slap a tariff on them to encourage local production?

[–] Laser@feddit.org 1 points 57 minutes ago (1 children)

I don't know, is that particular tariff already in effect?

I'm not saying they're always good, bit that they can be a strategic instrument. The example you brought up makes no sense, I agree. But I'm sure if carmakers saw a market for a class of cars, they'd take the opportunity - maybe not on their core brand (like I don't think Ford would build one under that brand in the US).

Yeah, the fact that every sporting event's commercials rotate between dick pills, beer, and giant trucks totally doesn't have anything to do with it.

I think this rather proves my point, they're lifestyle products targeting a specific demographic under the guide of being a utility.

[–] Semi_Hemi_Demigod@lemmy.world 1 points 22 minutes ago* (last edited 21 minutes ago)

It’s called the Chicken Tax and it’s why I can’t buy a Hilux despite demanding as hard as I can.

I think this rather proves my point, they're lifestyle products targeting a specific demographic under the guide of being a utility.

It’s also creating demand for trucks that are terrible at doing truck stuff.

Saying “the market demands big trucks” ignores the billions they spend making the market demand big trucks.

Why? Because they’re insanely profitable.

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