But think of all the failing business that will be super cheap to aquire! /s

China is strengthening ties with Russia to replace u.s trade, and it shows that Putin is laughing his ass off at how he played a whole country, other than his I mean

He will just give out stimulus checks to make everyone think the economy is good. Somehow that's not socialism though it's American!

He likes Russia so much that he wants the US to become like it. He’s following the post-USSR playbook. He’s trying to destroy the economy so he and his billionaire buddies can buy up the scraps for pennies on the dollar. Which will turn him into an oligarch and will keep him in power after his term is up. And he isn’t going to pay for any of it. He will steal money from the people like he did in his first term with his golf course and his cult following will keep giving him money and buy his crypto coins. That’s why he wants to get rid of cryptocurrency regulation.

You're making the mistake in that his intention is to improve things.

He doesn't have to make things better, he just has to say he has made them better. That's all he's ever done and it's worked.

A candidate that expressed nuanced understanding of economic principles would have been less likely to win the election.

A candidate that instead promises answers that intuitively sound right. If imports are expensive, then obviously the big business owners will build domestic and give us more money. If you get rid of immigrants, then the business owners will have to pay more for citizen workers. Simple answers that are easier for people to believe in.

Attempts to explain nuance? That ranges from nerds overcomplicating things and/or those darned liberal elites trying to truck them.

This cuts both ways. In 2020 Biden won not due to a more sophisticated understanding of things, but simply because things were bad, and the other guy therefore was the obvious choice. So to overcome an incumbent, you just have to have people believe stuff is bad, and provide some believable explanation that you could fix it.

he STILL doesn't have any understanding of how tarrifs work?

How do you STILL think this isn't all intentional? They know what they're doing. They don't care if we can afford it or not. This is about the conservatives' bottom line, lol. They don't care about you, America, China or whether any of it works.

I believe that he does, and he knows shit will cost more, but he ALSO knows that his followers have no clue whatsoever. So prices will increase, and he'll blame it on one of their many "others". Keeping them scared and mad is the key to their control over them

I'm not convinced we'll go even a single decade of this regime without total socioeconomic collapse.

They already have been. China has been working at circumventing restrictions by basically offloading raw materials or parts to Mexico and having them build the product to ship to the US.

Everyone who says he's not the best President ever will be shot.

I mean, what do you think? He announced that. Apparently this is what the US-Citizens want.

I had similar thoughts in 2016 when he had a first attempt, and it was a dumpster fire. I'm not optimistic this time around.

I’m in manufacturing within China. While I’m not American and don’t work with American companies. Lots of our supply chain has said there is high levels of uncertainty in projects. Projects have been on hold for months.

My phone was on its way out so I got something with better translation features and support for my move to Germany. Was it expensive? Yes. Is it less expensive than it will be? Also yes.

I wouldn’t be surprised if this causes scalpers to start hoarding goods again like they did during the pandemic. Artificial scarcity but still cheaper than the official price on Amazon or whatever.

Companies are pre-buying goods and laying off workers already, so why wouldn’t the citizenry?

That's the point of tariffs...to give domestic supply a shot.

It's stupid and short-sighted in a modern economy. It's not worth it for any manufacturer to shut down existing mega factories and build new ones here. They won't find enough people to do the jobs (especially if we deport/denaturalize a ton of people) and the costs and re-investments are huge.

Plus the only places that are left to build giant factories are distant from population centers. And I doubt there will be mass transit into them. So more pollution from personal transportation. And more pollution from local factories. Ripping the EPA to shreds will help with that, and that's a part of agenda 47.

And you just know the ones that choose to come and build here are gonna get really nice tax breaks to do so, so there won't be any real return for the community for a long time, if ever.

The end result is either they pass the costs into consumers, or they cut costs by laying off their expensive state-side employees and moving their positions abroad. American middle-class loses bigly either way.

There's a reason TSMC does most of the world's chip fabrication.

It's complex and extremely expensive. Standing up a fab, in America no less, capable of handling Apple's demand would be an astronomically expensive feat. Apple would never do this while TSMC is still an option. Even after the tariffs it would still probably be cheaper to use TSMC.