Trump is SO CRAZY!

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Top 10 Grocery Items Most Likely to Disappear Under Trump’s New Trade Plans

I don't know if this is true.
https://www.msn.com/en-us/money/markets ... 38#image=1

It seems that he is backing down, so the stock market went back up today.
Who knows what he will do next?

He is hurting a small businesses that have custom stuff made in China for sale in the USA.
I saw an example of plastic plates for toddlers who throw stuff.
The owner of the business spent $100,000 for custom manufacturing molds.

To move the manufacturing to the USA she would have a new set of molds made, which would take at least six months.

The tariff would have doubled the price from $30 to $60.

He told people he was going to crash the economy and no one believed that would be the outcome.

Then did got elected and did what he promised.

People who voted for him are morons and everyone else is being harmed as a result of their stupidity.

I'm hoping this is all just a bunch of fear-mongering, but you can't be sure of anything anymore. Especially when the world is being run by unhinged megalomaniacs, and their brainless followers worship them like gods.

People like Trump and Musk have never had to worry about being able to afford groceries, and so they have no understanding about how regular people would worry about where their next meal is coming from because of those idiotic tarifs. And the cuts in social programs would definitely make a bad situation worse.

The Yale Budget Lab estimated that textile imports will be hit particularly hard, making apparel prices rise 33% and non-apparel textiles rise 18%. Car prices are expected to rise 15.8%, which would be an increase of $7,600 to the average price of a car in 2024. Fresh produce could rise by 6.2%, with food prices overall going up 4.5%.

For consumer electronics that are mostly made in China, price increases could also be high. Because iPhones are mostly manufactured in China, the price of a new iPhone could climb more than 30%. One estimate, calculated when tariffs against China were going to be 54% instead of 125%, said that iPhone 16 could go up from $800 now to $1,142.

But ultimately, there is no industry that is truly untouched by tariffs.

“It’s not obvious or straightforward, tracing these cost increases through the supply chain, even for tariffs on final goods,” Russ said.

Tariffs are expected to have an impact on the labor market: unemployment could climb 0.5% by the end of 2025, which would be a loss of 600,000 jobs, according to the Yale Budget Lab.
https://www.theguardian.com/us-news/202 ... riffs-cost

So perhaps we should re-frame the question, who in the USA actually benefits from trump's tarriffs?

The 'external revenue service' aka Trump's slush account.

Scouring the internet and can't seem to find any winners from tariffs other than the trump family bank accounts.

I'm sure those companies love tariffs so they don't have to compete on a level playing field. Not the first time something like this has happened.

I'm sure Tim Cook was dancing a celebratory gig when Huawei was banned. One of my friends had a Huawei P30 Pro and he let me try it. It was the best phone I've ever used up to that point. Good thing for Apple they got rid of one of thier most skilled competitors.

Same for Tesla. How can they compete with the giants in China and the old guard in Europe. Not without tariffs they can't.

I got heavily downvoted on Reddit for pointing that Biden was also planning to increase tariffs on Chinese cars. Not that I want to condone anything that Trump has done but being Trump's political rival doesn't automatically make him perfect.

Yeah but Bezos, Cook and Musk are all trump donors. they want a return on their investment.