It will be more expensive, for sure, but that’s not even the main problem.
The primary issue is that these tariffs are unpredictable. We don’t know if the Trump administration is going to add more, reduce them, or remove them completely. The administration seems to change their mind every day. Plus, they’re deeply unpopular, so even if the administration were being consistent and clear, they are almost certainly being repealed in four years when a new administration takes over.
So nobody wants to invest in building factories here, because there’s no guarantee that they won’t soon be competing with cheaper labor again in the future. It’s too risky of an investment even if it was cheaper in general
Yup, we’re talking about billions of dollars in investment in one factory. Nobody is going to do that when the whim of some idiot can turn that into a complete waste.
The tax isn’t the point. The point is to crash the economy so that the rich can buy up as much as possible as cheaply as possible, once more consolidating more wealth into their hands and robbing it from the rest of us. They don’t care if the price of eggs, or iPhones, or any other goods are going to increase, they have the funds to wait that out, but when the cost of ownership of land, property or corporations goes down, they can buy them up and control that wealth once it recovers.
They don’t care that you suffer. They just want to own all the stuff.
It will be more expensive, for sure, but that’s not even the main problem.
The primary issue is that these tariffs are unpredictable. We don’t know if the Trump administration is going to add more, reduce them, or remove them completely. The administration seems to change their mind every day. Plus, they’re deeply unpopular, so even if the administration were being consistent and clear, they are almost certainly being repealed in four years when a new administration takes over.
So nobody wants to invest in building factories here, because there’s no guarantee that they won’t soon be competing with cheaper labor again in the future. It’s too risky of an investment even if it was cheaper in general
Yup, we’re talking about billions of dollars in investment in one factory. Nobody is going to do that when the whim of some idiot can turn that into a complete waste.
Edit: case in point, whims of an idiot
‘elections in four years’… I wish I had your optimism.
so for the next 4 years, US can collect extra tax from tariffs paid by Americans.
The tax isn’t the point. The point is to crash the economy so that the rich can buy up as much as possible as cheaply as possible, once more consolidating more wealth into their hands and robbing it from the rest of us. They don’t care if the price of eggs, or iPhones, or any other goods are going to increase, they have the funds to wait that out, but when the cost of ownership of land, property or corporations goes down, they can buy them up and control that wealth once it recovers.
They don’t care that you suffer. They just want to own all the stuff.
Edit: wow, 8 hours later and I’m already proven right: https://lemmy.nz/post/21369385
Middle class can buy too when cost goes down, don’t have to be rich to get loan to buy a house, land.