Comment on From a purely political perspective, if you oppose the US tariffs as a US resident, should you buy or avoid buying products subject to tariffs?

General_Effort@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

I don’t think you have the choice. Products that aren’t imported are made with parts that are imported. In fact, there will be products that have several layers of products in them, for example cars. Parts are made, assembled into bigger parts and ever bigger pats, and may cross the mexican or canadian border each time.

These tariffs are a monumental act of economic self harm. That’s what the stock market is saying. Stocks have (rational) value because you are entitled to a share of future profits. The stock market crashing tells you that the pros expects that a lot of value is not going to be created. Trillions of dollars will not be paid out to stock-owners, and further trillions will not be paid out as wages. The real wealth that is the other side of that money - all these new goods, cars, phones, TVs, dishwashers … - will not exist in the USA.

So, don’t worry about hitting them in the wallet.

If you want a picture of the future, imagine a boot stamping on a ball sack—for ever.

Maybe watch out for products from Russia and Belarus, as they are not included in the tariffs. This may start a new era of economic cooperation; putting the US in USSR. Ironically, Russia is still hit hard because of oil taking a nosedive.

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