this post was submitted on 12 Mar 2025
151 points (97.5% liked)

News

27182 readers
9363 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] TheDemonBuer@lemmy.world 14 points 2 days ago* (last edited 2 days ago) (1 children)

Trade wars could cause countries to “go back to being insular,” Bhatia said, which could cultivate “spurts of patriotism that translate into people spending more locally in their own nation.”

Consumer spending on goods and services account for around two-thirds of U.S. gross domestic product. There is therefore is a “high probability” that a tariff-induced increase in domestic expenditure will cause the country’s GDP to “do better than you anticipate,” Bhatia said.

None of that sounds all that bad, to me, but Americans have gotten very used to buying cheap goods imported from foreign countries where labor and other costs are much lower. The whole point of tariffs is to make those foreign made goods more expensive so that American made goods can better compete with them on price, but that doesn't result in things getting less expensive for consumers (or producers, for that matter, since they've also gotten used to cheap, foreign made parts and components). Prices will go up, and if they go up too much American consumers might stop buying.

Or will they? Americans be shoppin', and I'm not sure how high prices would have to go for them to stop. I don't know where people get the money to just keep consuming, but they do, somehow.

Edit: I think there is the threat of American producers trying to keep prices from going up too much by finding ways to suppress wages for workers and by just making products crappier, since their primary focus will be squeezing every possible penny of profit out of every sale.

[–] CompactFlax@discuss.tchncs.de 8 points 2 days ago* (last edited 2 days ago) (1 children)

I think there is the threat of American producers trying to keep prices from going up too much by finding ways to suppress wages for workers and by just making products crappier, since their primary focus will be squeezing every possible penny of profit out of every sale.

America never had good labour laws, and the anti-union propaganda has created generations who don’t know why unions were created in the first place. I don’t see this ending well for American labour.

Donnie doesn’t have a stable policy, and the immediacy of the tariffs simply will result in higher prices. Farmers can’t go back in time and plant alternate crops - the imports are necessary. Steel plants can’t just re-tool for a product that used to come from Brazil or Canada overnight. If the goal is to bring back the jobs, companies need time to adjust and plan and invest.

[–] TheDemonBuer@lemmy.world 2 points 2 days ago

Donnie doesn’t have a stable policy

That seems to be the case.