All this insecurity about tariffs has me hoping he have a Boston Tea Party situation. If I recall the story correctly, they threw the expensive British Tea overboard to protest the tax.
Similarly, I also recall a sugar tax, and either an ink or paper one: basically, I hope I can see something similar to see there’s still a small piece of American values from our ancestors (not the twisted Conservative heaven MAGA wants, but on the American dream of freedom, liberty, and justice for ALL.)
No Taxation Without Representation!
It’s hilarious how everyone knows the Tea Party and all of the taxes, when the real reason the American revolution happened was that England wasn’t going to let us drive Native Americans out
They were definitely just going to protect the natives, that’s the lovable British empire that I know
Some folks were a little late to figuring out what tariffs were okay!
I feel like most people I have heard talking about them while supporting Trump seem to know that tariffs are taxes, but have no concept of how they play out in a real economic situation. Most fall into one or both of two camps:
A) Tariffs are taxes, but they’re taxes for companies not individuals, and they’re only applied to importing, so they won’t affect me.
B) Tariffs are taxes for foreign companies, to level the playing field and keep American business competitive. Since the companies that have to pay it are foreign, it won’t affect me.
Spoiler alert, guys: no matter where the tax is levied in the system, the consumer is the only person who ever pays for it, since they’re the only ones that can’t pass that cost on to anyone else.
Also, while this can make domestic competitors more competitive, it’s important to remember two things: first, if it works, it’s only working by making things more expensive for consumers, and second, this assumes that the domestic competitors want more business, have the ability and posture to increase their production to meet the new greater demand, and will operate in good faith. Much more likely is that they simply also increase their prices in reaction to the tariffs, so they’re not producing or selling any more volume and aren’t creating any jobs… they’re just padding their profit margins at the corporate/shareholder level while doing nothing for their employees, all while having the average consumer foot the bill.
That’s exactly what happened with the steel tariffs in the first Trump term and that’s exactly what will happen now…the only difference is that this time it seems like there will be significantly fewer economic buffers between the tariff and the consumer, so more people will more directly feel the sting here…and presumably the mental gymnastics from the MAGAts will be even sadder in their attempts to somehow make it not a criticism of their orange leader’s incompetence.
Tariffs are taxes, but they’re taxes for companies not individuals, and they’re only applied to importing, so they won’t affect me.
Typical Magoo (literally my dad in 2016): “you can’t tax business owners, they’re going to just make everything more expensive for us! They pass on the burden to us!”
Also Magoo: “Yay tarrifs! They are a tax on business but that won’t get passed on to me!”
The Magoo motto: Whatever words I need to use to suit my purpose I will use, to hell with reality.
Rabbit hole time.
Apparently, caffeine in soft drinks is synthetic. I thought they just used caffeine that is extracted from decaffeinating coffee beans - not so. Also it’s barely produced in the US (anymore), and we mostly import it from China.
Neat part is: it doesn’t look all that complicated to synthesize and requires some common-ish organic compounds and solvents to make. As a bonus, the “the raw synthetic caffeine often glows - a bluish phosphorence”. If anyone is on his Patreon, please give NileRed a nudge to give this a shot; I think it would be right up his alley.
So we can get by without coffee, but short of running your own chemistry lab, it’s going to be a bit before industry can ramp up production of the synthetic stuff. Meanwhile, caffeinated beverages across the board would be more expensive were synthetic caffeine a part of any tariff scheme.
More here:
Finally, the Step Too Far.
Maybe? We also import a shed-load of tobacco. Combined, that’s not gonna be pretty.
https://oec.world/en/profile/bilateral-product/raw-tobacco/reporter/usa
In our techo utopian future, the only caffeinated beverage will be Diet Mt. Dew.
Because of your lack of patriotism for our national beverage, the leadership has decreed that you will now only be able to drink caffeine-free Diet Mt. Dew.
The leader has issues a new memorandum. You will only be allowed to drink flat, room-temperature, caffeine free Diet Mt. Dew.
Who are we kidding? Trump’s going to enforce it selectively to nefarious ends and enrich himself off exemptions that he’s hand picked to be subservient. Free market my ass.
100% this. I see tariffs on foreign cars coming quick.
As a non-drinker of coffee, I am fully onboard with raising the price of coffee. Everyone is far too addicted to it and drink excessively to an unhealthy amount. Less coffee would be better for general health. Same for chocolate, as I saw someone else mention.
Too bad Trump doesn’t care about that and doesn’t actually have any plan in mind for this kind of economic policy for the welfare of the people.
Maybe the improved focus from a nice cup of joe would have made you realize how foolish this sounds before posting.
As a non-drinker of coffee
the rest of your opinion is moot. you have no say in this because you don’t understand the concepts behind coffee.
I had to stop drinking coffee for health reasons. it was fucking awful. drank a cup a day for decades. I couldn’t function properly even six months later.
eventually I started drinking decaf, it helped.
you know why? the routine. the caffeine content is abysmally low but it comforts me first thing in the morning. It’s probably the same for many coffee drinkers.
so really, do you want to inhabit a world where at least HALF of the people you know start their day out on the wrong side?
It worked out fine with cigarettes.
Chocolate also. Lol I hope you fucking like corn syrup and candy corn you little shits.
I prefer buying my coffee and chocolate directly from the child slave labour. None of that free trade shit. It makes me feel connected to a past I never lived in.
I usually fly in to buy it locally. Important these days to know your farmers
I pictured this together in a bowl and it’s making me feel a hair nauseated
The syrup helps the little corns slide down better.
Also: I can’t feel my toes but I’m sure that’s unrelated.
Classic American breakfast 🤌
Some people have never even looked at a dang banana
Don’t they grow bananas in Hawaii? I know they have coffee out on Kona.
Coffee grows on Hawaii, Puerto Rico, and recently in a little bit in CA (to add to water problems)
But Labor + limited amounts means it won’t be cheaper
It’s one banana Michael. What could it cost, $10?
In trump’s economy, maybe?
The joke will take on a new meaning when $10 is the good old days.
That’s the thing I find most depressing about a trump presidency, there will be a time when the rational Left looks back on it as “when things weren’t so bad.”
Like, when I was a kid I, and many others, never imagined there could be a president dumber than Bush…
I’m not American, but tariffs to fix import issues is pretty stupid.
This is the capitalist dream, export all the production of the goods you use daily to third world countries, who will have shit labor practices like the US used to have when slavery was a thing (and bluntly, for quite a while afterwards), so that the boots-on-the-ground laborers that produce everything are either treated like slaves or literally are slaves, then import the raw material to be manufactured into whatever you’re selling in the US, so you can slap a “made in the USA” sticker on your shit to enhance sales and charge more. Meanwhile “made in the USA” doesn’t and shouldn’t imply that there’s no imported goods going into the manufacturing process to make that thing, just that you took raw materials (from wherever) and made this thing in the USA.
Tariffs unduly harm end consumers, pretty much everything we buy and own is, or has components that are, imported shit.
Most microchips, a large amount of the food we eat, most electronics, pretty much everything you’ll find at a dollar general, etc (the list is very very long)… all imported in whole or in part.
Hell, there was a time that it was more economical to have your raw materials, even if they’re mined/harvested/produced in the USA, shipped overseas for assembly by slave labor, then shipped back for sale to the US public, than to have it assembled inside the US. Much of that is still true. The US neither has the manufacturing capacity, nor the desire to build their own shit. The only time that’s not the economical option is for large cost (and scale, either in size or money) items, like housing or vehicles. Assembly generally happens in the country/landmass where the vehicle will be sold and used. Even a company like Toyota, a Japanese brand, will have assembly plants in the USA for cars sold in the USA, because that’s cheaper than importing hundreds of vehicles. For everything else, it’s generally cheaper to assemble it outside of the country and import the final product.
You think process are high now? Wait until the tariff wars really kick off.
No company is going to accept the costs of tariffs and be okay with that eating their profits, they’re passing that cost into consumers, because we’re the saps that are still going to buy it.
When the tariffs come down, and they will eventually, prices will drop, but not to where they were from before the tariffs. Companies will continue to post record profits, justifying not giving raises because tariffs, and wages will remain stagnant. We’ll earn less, while they rob is for more than they already do.
The worst part is that when the tariffs are lifted, we’ll thank them for lowering the prices by buying more of their shit. We’ll be grateful for the opportunity to pay even more into their profit margins.
Congratulations, you’re experiencing late stage capitalism. The system is working as intended. You are poor, you remain poor, barely able to scratch out a living, while your owners profit more and more off of your hard work, and you get to thank them for that opportunity.
I don’t want to live on this planet anymore.
The worst part is that when the tariffs are lifted, we’ll thank them for lowering the prices by buying more of their shit. We’ll be grateful for the opportunity to pay even more into their profit margins.
Prices won’t go down, companies will pocket the difference
Oh, they’ll go down… But it won’t be nearly as much as it went up to cover the tariff.
What I’m thinking is, let’s say a widget is $100, tariffs go in at, say 5%. So it should cost $105, but the price increases to $110. People cry bloody murder, but ultimately they “need” the widget so they buy it. Tariffs go away, yay, the price is dropped, it’s now $107.99
that’s what I’m thinking.
In practice, that’s not what happens generally. A widget is $100, the 5% tariff brings it up to $105 and company bumps the price to $110. People need the widget so they buy it at $110. Tariff goes away, but company knows that people will pay at least $110 for the widget, so they try bumping the price to $115. Maybe it doesn’t sell, so they “discount” it back to $110 and people will happily buy it thinking they’re getting a deal, while the company is pocketing that extra $10.
That’s certainly a possibility.
I would argue that we’re both right depending on what the widget is.
(Assuming the price is changed to be proportional and appropriate for the product) Something like a grocery item is more prone to my thought, and something that has generational differences, such as a laptop or something, will likely follow your theory more closely.
I think a lot of this will still be tied to price elasticity. If the price is very elastic then the former system would be more likely. Drop the price so you can push more units (and overall, profit goes up), where things that are far less elastic, say, an iPhone, would tend to simply continue to increase like the latter system you describe.
At the end of the day, both are horrid, terrible, and very very common. So I’ll finish by saying: no matter what happens, people are going to be getting massively fucked, and corporations will post record profits yet again.
Fuck corporations.
People listing Hawaii like they could meet the total US demand, even if they could scale to maximum production overnight.
Most of the corn we eat is Brazilian. Most of the corn we grow is feed corn for cows and process corn for HFCS and other processed food ingredients.
As an American born and raised in Illinois I can also inform the rest of the populace our corn also gets used to make ethanol, an alternative fuel source.
