| ▲ | jaybrendansmith 6 days ago |
| [flagged] |
|
| ▲ | tombert 6 days ago | parent | next [-] |
| It still baffles me that he has convinced so many of his followers that he's going to lower grocery prices by raising prices. It almost doesn't even make grammatical sense, let alone any practical sense. Before someone decides to try and explaining to me that tariffs will bring back work to the US and help our economy, I just need to say that is orthogonal to the point of inflation. It's possible that the tariffs will be a net good. I don't think they will but at least that's something that's on the table, but they will absolutely not lead to lower prices. If it were cheaper to manufacture goods in the US then we'd already be manufacturing goods in the US. |
| |
| ▲ | avgDev 6 days ago | parent [-] | | Tariffs need to be higher to bring back manufacturing back to the US. Most companies are looking for countries other than China with no tariffs and bringing it back to US is not even a consideration. Plus, by the time you can start manufacturing in the US it would take at least 1-3 years to get a factory ready. Then, you have a new president and these might go away. Too much risk to make rash decisions on moving manufacturing. | | |
| ▲ | _DeadFred_ 6 days ago | parent [-] | | And to build new factories you need things like steele, etc. Lots of which now have... high tariffs on them. The policy is not intended to bring back manufacturing, or it would be tuned to enable/encourage the inputs needed for bringing back manufacturing. But tariffs sure have encourage a lot of people to meet with the president and make 'special' deals with him to get themselves/their interests exemptions. |
|
|
|
| ▲ | IAmGraydon 6 days ago | parent | prev | next [-] |
| You're forgetting that a lot of tariffs didn't kick in until August 1, and aren't included in this. So it's likely that we'll be seeing inflation far higher in the future. I'm guessing we're going to over 20% YoY, and even that may be a lowball. |
| |
|
| ▲ | chasd00 6 days ago | parent | prev | next [-] |
| [flagged] |
| |
| ▲ | frankbreetz 6 days ago | parent | next [-] | | Are you suggesting that this is the fault of the people who said tariff's are a bad idea? | |
| ▲ | IAmGraydon 6 days ago | parent | prev [-] | | >weren't we suppose to be staring at empty shelves, house arrest, fire and brimstone / dogs and cats living together by now? What are you even talking about? | | |
| ▲ | chasd00 6 days ago | parent [-] | | Everything everywhere since late 2015 or so. | | |
| ▲ | amanaplanacanal 6 days ago | parent [-] | | During Trump's first term there were still adults in the room, mostly keeping him from doing anything completely crazy. This time they have all been replaced by toadies and yes men. It's a completely different time. |
|
|
|
|
| ▲ | monkeyelite 6 days ago | parent | prev [-] |
| > 100% due to Trump's illegal tariffs This is false on its face. Inflation has been a problem for years. |
| |
| ▲ | enraged_camel 6 days ago | parent [-] | | Inflation was on its way down in 2024. It has now reversed course and going back up again. This is not a random occurrence. | | |
| ▲ | monkeyelite 6 days ago | parent [-] | | So nothing to do with interest rates Jerome Powell or any decisions at the fed? Nothing to do with any other spending? Trump has been president for fewer than 9 months. | | |
| ▲ | enraged_camel 5 days ago | parent [-] | | Tariffs went into effect ~4 months ago. 2 months after that, inflation started to pick up. Interest rates have remained unchanged since January 2025. | | |
|
|
|
