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there’s also overwhelming evidence that 2+2=4 but the people of america don’t trust the intellect anymore
Next time, baby!
Well duh. How could it not? Isn't the idea to make foreign sourced goods more expensive for consumers, so competing domestic goods (if any) get sold instead at "their* higher prices? The only plus for anyone is that the extra $$ paid in tarriffs go into the Trump slush fund for ballrooms, bathrooms and direct payoff to himself. Yay.
The fact there is even a discussion around it is wild to me. Of course tariffs would raise consumer prices. That's how they work
How did they figure that one out? Did they Open their eyes to see the most obvious fucking thing ever?
There actually was something in the article that surprised me:
The analysts also said consumers have paid for about 50% to 70% of the total tariff cost to date.
I was shocked it wasn't 100% to 120%. The fact that any businesses are shouldering even a portion of the tariffs is incredible. I fully expected them to go "Oh tariff is 50%? Better charge the consumer 60% just so we get our cut."
Theres a game of chicken going on. Try to hold out until the illegal tariffs are refunded so you dont lose customers.
Don't forget classic market pressure. Consumers were already struggling, if your product goes up too much many simply can't buy it
Yup, and if they are rescinded the companies get to double dip as they get the tariffs back and don't have to share the refund with customers.
I wonder if it is by item or by dollar value. I imagine smaller businesses are often more likely to shoulder the burder of the tariff than larger, because they are more reliant on customer satisfaction. I'm talking out of my ass, though
...yes, that is the purpose of tariffs. Raising prices on imported goods until they become so expensive that local goods are competitive. This automatically increases consumer prices. It causes a huge shock upon introduction and over time it (in theory anyway) should promote domestic production by undercutting foreign competition.
MAGATs: Bank of America is WOKE now!!! People go to Wells Fargo!
Trump will take his sharpie and change their name to Bank of Mexico, then start an investigation into BoM’s history of funding Antifa.
We don't care about overwhelming evidence in this administration.
Evidence is "treason"
In other news, it appears that water is wet.
Water is not wet though, what water touches is wet
Not this shit again.
Water that touches other water is wet.
Ah... but what is the quantum of water that you can separate from a bucket of water that then becomes "dry"?
If you heat it up enough into steam, there's probably enough separation of molecules for a split microsecond at any given moment.
Surface tension.
Appears!?!?
The news doesn't like to commit to a position these days.
"Unbiased!!!!" (Yeah, right)
Thanks for keeping the prices in RoW stable
Hey Bank of America, GO FUCK YOURSELF.
Shocking: making things more expensive doesn’t lower the prices!
Hm, but what if we just haven’t tarrifed hard enough yet?
We just aren't importing enough bootstraps
Sho nit
They must be writing this hoping maga reads it because this is already known to everyone else.
If MAGA could read, they'd be very upset
If MAGA could read, they'd ~~be very upset~~ applaud this as yet another win for the Trump administration
Up is down in MAGA world
Tariffs have been a disaster for sure.
"zzzzzzz...FaKe NeWzzzzzzzzzzzzzzzz"
--maga
Are they including the scamflation and shrinkflation in that 50-70%?
I mean, where companies have just raised costs, gone for cheaper ingredients, and messed with sizes, simply because they can?
No shit.
Journalism finds new ways to not state the obvious.