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no_wizard | on: Trump wins presidency for second time
And with tariffs incoming, this is going to get worse, not better.

Trump is very serious about tariffs, and the president has more unilateral authority in this arena than folks realize, he wouldn't even need an act of congress to do alot in this arena

bryan0 | parent | next
In retrospect it's baffling why Dems didn't hammer home this point more: Tariffs will increase prices.
elendee | root | parent | next
Suggesting tariffs was his way of saying "stuffs so messed up I will make radical change" to the angry working class. It also harks back to the early 20th century which he loves.

The Dems didn't really have an inroad to that demographic. Suggesting federally granted home buying credits just sounded like another financial scheme from on high and missed the mark entirely imho; there was no bigger economic discussion happening there.

llamaimperative | root | parent
No, tariffs are his way of saying "magic wand make economy good" to people who don't (but can and should) know better.
inthewoods | root | parent | next
I dunno - I heard about tariffs in every single Harris speech. I don't get ads because of my location, but they were clearly saying it.
a_victorp | root | parent | next
Probably because they don't have much leverage in this area, with Biden continuing some of Trumps policies on tariffs.
tw04 | root | parent
Targeted tariffs as part of a trade war is significantly different than the proposed universal tariffs to "eliminate taxes" that he's proposed.

AKA: we figured out how to pass a consumption tax which disproportionately hurts poor people without calling it that because we know it's universally unpopular. When billionaires effective tax rate drops to what will probably be 1%, the wheels are going to REALLY fall off.

hirako2000 | root | parent
It isn't the poor that fund either political parties.
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hirako2000 | root | parent | next
Isn't it Biden that increased tariffs on certain imports from a certain country to 100%?
seanmcdirmid | root | parent
Just EVs, and how many Chinese EVs were we importing before the tariff increase? All I can think of are some Polestar models and the entry level model 3.
eschaton | root | parent
Because the entirety of the Trumpist response is “nuh-uh.” Watch the videos of people giving explanations of tariffs to attendees of Trump rallies. “That can’t be right, he wouldn’t be doing it then” is essentially all the deeper anyone will go. Almost none of the people who support him don’t think beyond their delusion that he has their interests in mind.
YZF | root | parent
You're saying 50% of the US are stupid and those same 50% or so are the Trump voters.

Somehow that does not compute.

During which presidency did prices go up more? During Trump's last "Tariff" presidency or during the supposed anti-Tariff Biden?

"Watch videos of" is why we're banning TikTok. Just kidding. Or maybe not. I can find stupid people in any camp (well, in some more than others) and make a video about how clueless they are. It's super patronizing to just say your opponents are stupid and IMO one of the reasons why the democrats lost these elections (no shortage of other reasons).

The delusions don't stop at any demographic or party unfortunately. We just live in a post truth, post civil discussion, polarized, society.

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ComplexSystems | parent
No arguments there. I certainly expect tariffs will lead to inflation getting much worse.
belorn | root | parent | next
View the tariffs as carbon tax that represent the true cost of goods being produced in a coal heavy country and transported on boats that burn the most dirty kind of oil possible. It makes the whole thing look quite nicer and the economic cost a bit more worth it.
shiroiushi | root | parent
The per-ton CO2 emissions of those boats is still much, much lower than by truck or rail. Large ships are insanely efficient at moving cargo; that's why it's so economical to transport stuff across the planet.
themaninthedark | root | parent | next
Now factor in the manufacturing CO2 in a country with lax pollution regulations vs in the US...
hirako2000 | root | parent
Isn't the question, a/ travels across the globe + rails and truck vs b/ maybe rails + truck ?

Not arguing that the carbon tax is legit. It hasn't been proven yet that it isn't just a way to collect money while pretending to do something about the environment.

fcsp | root | parent
Well but maybe Chad in Nebraska would appreciate buying a Halloween decoration for $0.50 on wish!?!

We should maybe just reconsider in general what kind of thing is economically viable

vundercind | root | parent
If it hits major economic metrics in a way that makes him nervous, watch out for what he might do to the Fed. So long to a relatively-depoliticized institution. He was already grumbling about them in 2020. Hell he might just lead with politicizing the Fed. Guess we’ll see.
r2_pilot | root | parent
>Hell he might just lead with politicizing the Fed. Guess we’ll see.

Why would he not? It's not like he respects institutions such as the Supreme Court. And what repercussions has he ever faced for the destruction of norms and guardrails? If anything, he gains even more support.

vundercind | root | parent | next
I’m banking on the resulting stupid-low interest rates to refi my mortgage to help survive the guaranteed crash after. Not even joking. Great sympathy to those for whom that’s not an option. I figure there is an outside chance that such a move will fail to drop rates to the level it normally would because banks will also be worried, in which case I guess I’m just screwed as much as everyone else.

Damn whoever used that “may you live in interesting times” curse once to many times.

ToDougie | root | parent
What disrespect has he shown, ever, for the Supreme Court? And if the norms mean giving all of our tax dollars to NATO for nothing in return, why wouldn't you destroy those norms? After all, I voted for him on that basis.
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