Comment on Bernstein Posits That A 10 Percent Baseline US Tariff On Raw Semiconductors Is "Not Going To Do All That Much," But PCs, Servers, And Smartphones Are About To Get Pricier By ~40 Percent

ilinamorato@lemmy.world ⁨4⁩ ⁨days⁩ ago

Ok. The bottom line is, either it “won’t do all that much”-- meaning it won’t affect prices, it won’t affect the economy, it’ll be basically useless–or it will be disastrously expensive for ordinary people. There is no other option. The “disastrously expensive for ordinary people” is the only thing that will cause any amount of the change Trump promises: it’s the mechanism by which the plan operates.

There is no option where companies just eat the tariff costs, or countries pay them. Maybe a few scattered companies and countries do, but by and large, not a chance.

Every country in the world needs all the other countries more than all of the other countries need it. There’s just no real leverage, because we’re all interconnected; you can snip one country out, and it’ll slightly hurt everyone, but it’ll wreck the country that was snipped out.

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