The president just keeps introducing more chaos.
    • Lit@lemmy.world
      2·
      2 months ago

      that is why I think this tariff thing is not an attack on other countries but just a way for trump to collect more tax from americans, since they have no choice but to buy from china. Trump collects more tax from Americans while making them think he is attacking foreign countries. lol.

      In reality, Trump Threatens 104% “GST” tax (tariffs) increase on American for buying imports from China. It is just a fancy GST/VAT tax that discriminate based on country.

      you need to stop wearing underwear on your head while thinking.

    • finitebanjo@lemmy.world
      110·
      2 months ago

      You talk a lot about Economic Theory considering you completely ignored one crucial detail: consumers won’t buy it if the price gets high enough. This could effectively become an Embargo, and it should because Fuck China.

        • finitebanjo@lemmy.world
          17·
          2 months ago

          If the USA embargoes have no effect as you claim then certainly a lot of hooting and hollering over the last century about the exact topic seems pointless in hindsight.

      • Lit@lemmy.world
        11·
        2 months ago

        US Consumer will still buy it if it is essential/critical. If it gets high enough they will travel out of US to buy it. Example people travel overseas for medical treatment/surgery/medication/products. Because even after including ticket price and hotel stay it is still cheaper overseas than in US. It might even open up new smuggling trade. Everyone bags are going to be checked more thoroughly in US.

        Because of how cheap thing are outside US people may start traveling to SEA/china/Samerica and etc more for shopping, boosting their travel industries and economies. These countries can charge special (tax) on american tourist to collect more money, it will still be cheaper than buying in US.

        You need to learn how to put on your shoes.