this post was submitted on 30 Jul 2025
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Work Reform

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[โ€“] Professorozone@lemmy.world 3 points 3 days ago (6 children)

Maybe someone could explain to me how the short term inflation rate is 1.8%, but every tariff is at least 10%. I mean, in a country where nothing is made, which tariff free products are people buying? Is it just that many of the tariffs have not gone into effect yet? It's so hard to keep track.

[โ€“] MrMakabar@slrpnk.net 1 points 3 days ago

You pay 10% for the product when imported. However there are a lot of people, work and capital involved to transport the product and actually sell it to you.

Also a lot is also not imported, but made in the US. That is especially true for a lot of food, electricity, gasoline and even quite a bit of actual physical products.

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