this post was submitted on 14 Dec 2024
79 points (100.0% liked)

World News

39363 readers
2447 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 1 week ago (2 children)

Wow, did not expect downvotes for asking a question, so thanks for responding.

I guess to clarify, I'm not worrying too much because if or when these tariffs get implemented and they prove to be ineffective and unpopular, he will immediately fold and backtrack. But I realize now, this will probably have it's own consequences.

[–] towerful 6 points 1 week ago

The issue is that nobody trusts corporations/capitalism.
Companies will have to increase prices due to tariffs because the line has to go up.
And when trump implements tariffs and the (if) he folds, the prices won't go back down. They will stay at that level. Because suddenly, C-suite get to show a huge line-go-up and they get to receive a huge bonus that reflects this 25% (well, lower. But the required rise due to tariffs suddenly being free real-estate) profit increase that they pull out of their ass.

[–] [email protected] 3 points 1 week ago

That's the circlejerk effect for ya. It's also hard to discern people's tone online, so some people may interpret a genuine question as something insincere. Not like it really matters though, points aren't worth anything haha

Anyway, I wouldn't be so sure he'd fold and backtrack on unpopular policy. He rarely did during his first term, and there were many very unpopular things he did.

Personally, I'm of the view that if Trump is implementing any economic policies like this, it's going to be making him money directly and/or indirectly. So if that's his ulterior motive in this context, he won't care how unpopular it is until he extracts whatever amount of money he wanted out of it. Then, once he or his allies have made their money, they'll roll back the policy and play it off like he had a change of heart and his bullshit PR outlets will spin it as him having some grand plan all along...