i thought the tariff charges would make the owners feel the pain until the jobs became local. why am I being charged more??
/s of course.
Submitted 2 weeks ago by MicroWave@lemmy.world to economics@lemmy.world
https://www.buzzfeed.com/meganeliscomb/trump-tariff-receipts-may-2025
i thought the tariff charges would make the owners feel the pain until the jobs became local. why am I being charged more??
/s of course.
That one screenshot with comment ‘I thought tariff was taxes on foreign countries’, I can’t tell if that is sarcasm or not.
It is not.
The average Trump voter truly thinks tarrifs = “That country pays us money”.
No “/s” needed, Trump said that Wal-Mart should eat the tariffs.
What I dont understand at this point is in their world view what does it matter WHO pays the tariff, the increases are always going to hit the consumer somehow.
Importer raises prices for customer to covers tariff charge.
Exporter raises prices for importer to cover tariff charge. Increase costs for importer are passed down to the consumer.
Fuuuuuuuck
it’s manufactured consent to keep ire away from the dictator doing the tariffs and on the corporations. i can only hope it radicalizes some into realizing the problem is capitalism that dictates how the corps react to the tariffs.
The magans were told/promised/“explained” that “chaina” would pay the tariffs, as in give extra money on evey product it ships to the US.
So? Who CARES? This is a SMALL PRICE (WELL a Big Price) to Pay for being able to Call Autistic Black Kids the N WORD!
SIR, EXCUSE ME BUT WHERE CAN I SEND YOUR HUNDREDS OF THOUSANDS IN CROWDFUNDING FOR YOUR IDEA
Trump says stores should eat the cost. Real MAGAs would shoplift. Just saying
After the death of real, actual investigative journalism platform BuzzFeed News, should we really be posting
BuzzFeed seems like an inappropriate source for a community called /c/economics (RIP actual investigative journalism at BuzzFeed News). Given economics is a social science like psychology or anthropology, it feels like posting to /c/psychology with “If You Did More Than 14 Of These Things Growing Up, You’re Probably An Anxious Adult Now”. No offense, of course, OP; you do great work on Lemmy, and these tarrifs are fucking corroding the US economy.
What’s the egg price at currently? Haven’t heard of that for a while. Is it normalized of has it become the new normal?
The people that were vocal about it are quiet now cuz their orange daddy is in office.
It hasn't been talked about because they went way down, first at the wholesale commercial level, then at stores. Egg prices dropped 12% in April, the largest drop in 40 years, and wholesale prices dropped a while back but haven't yet been reflected in prices at the store shelf.
https://www.npr.org/2025/05/14/nx-s1-5397827/egg-prices-drop-inflation-bird-flu
Inflation in the US in April was at the lowest level since 2021, In large part due to energy going way down and food mostly rising only modestly.
https://www.bls.gov/news.release/archives/cpi_05132025.htm
Problem is, most of the media have exactly one goal of talking about how horrible things are under the president they didn't want. Be careful relying on both the media and this Lemmy community in particular because if you're relying on the information to make good decisions you'll be directly misled.
It's even arguable that Trump didn't cause the drop in egg prices or inflation and they represent the continuation of trends that were already turning that way, but it's good news so it will not get reported.
The example of eggs is a good example of the dangers of relying on biased sources -- they'll tell you one side of the story but not the other.
I have no idea what media you’re referring to but whenever I see the most watched cable news network they never seem to have anything bad to say about the current president.
That’s why I was curious, the fact that I didn’t hear from it. Thanks for the detailed and sourced information!
I wonder if the surplus goods that would have been sent to USA will instead flood other markets and bring down prices there.
That’s what some Europeans are fearing (while lower prices are neat in the short run, expectations are European businesses will suffer the consequences of those surplus dumps).
But why would orange juice be effected by tariffs?
Would it have anything to with growers shipping concentrate out of the country to get bottled and then re-importing it back to stores?
According to the text in the article it’s a Canadian grocery store. So they presumably imported it from the US.
I have a bottle of this in my fridge and if you want a real answer it’s because they import portion of their oranges from Brazil
Lucky_777@lemmy.world 2 weeks ago
That’s the point. To push the consumer market to shift to American made goods. What this idiot has missed is that American doesn’t have the means to make these goods.
So as always, he fucked up another “business” and it’ll lead to terrible consequences. Just like all his Trump businesses that failed.
Art of the Bankruptcy.
Voroxpete@sh.itjust.works 2 weeks ago
America not only doesn’t have the means, because of the tariffs it can no longer get the means. Manufacturing requires a lot of heavy industrial equipment that - surprise, surprise - isn’t made in the US.
But to say that Trump’s goal is to move production back to the US is almost giving him too much credit. He doesn’t really have a clear idea of what his goal is. Depending on the moment it changes, and the various goals he suggests are all contradictory; each one can only happen without the others. He says he’s imposing tariffs to move manufacturing home, but that only works if the tariffs are set to last a long time. But he also says he’s making deals, and that only works if the tariffs will be removed as part of the conclusion of the deal. And he says that the tariffs will replace taxes, but that only works if the tariffs are permanent, and imports remain at their current levels rather than manufacturing moving back to the US. For any one of those claims to be true, the other two can’t be.
There is no plan here. He just likes the idea of tariffs, because he has only ever understood the world through the lens of power; of dominating or being dominated. Tariffs feel big and muscular, like throwing punches but with money. That’s why he wants them. The rest is just excuses. It’s really all about his crippling insecurity, and the entire American right being in his thrall.
Quadhammer@lemmy.world 2 weeks ago
They do seem to be getting tired of his shit as well
NocturnalMorning@lemmy.world 2 weeks ago
We could make products in the U.S., but that takes time. You cant ask someone to pick up their manufacturing line on Monday, and be ready to move it from Mexico or China to the U.S. by Friday. It’d be at least a few years before they could manufacture anything in the U.S.
turtlesareneat@discuss.online 2 weeks ago
It also takes the manpower. Americans really like sitting in cushy offices whenever possible, or being in service roles in general. Manufacturing is like, hard, and not fun, and you can’t scroll on Insta while you’re making shit.
givesomefucks@lemmy.world 2 weeks ago
Corporations blurred the line between “actually made in America” and “the last doohickey is attached in America” for so long that they actually forgot there’s a difference…
EndlessNightmare@reddthat.com 2 weeks ago
Regardless of one’s opinions on tariffs themselves, this was such a stupid, hamfisted way of going about it. It’s almost like phasing in tariffs incrementally over a period of, say 10 years, would allow for adaption and for production to get spooled up.
I use “10 years” as an example, an economics person would be better qualified on the specifics.
gadfly1999@lemm.ee 2 weeks ago
If you want to see how government can spur investment in onshore manufacturing capabilities just look at the CHIPS act, which we can’t have because the “wrong” team did it.
Saleh@feddit.org 2 weeks ago
Depending on how much money you throw at it and how much support you get by the government in dealing with regulatory processes, moving existing complex plants could take 2-5 years. Add another 1-2 years if you start from scratch. However when starting from scratch you have to do the same in other places too, so the relative time loss gets smaller.
Fact is some megacorporations already announced that they want to invest into manufacturing in the US because of tariffs. It will not offset the broader impact but help Trump sell his tariffs as a success.