It will at least be extremely funny to watch all the right wing gamer bro chuds freak the fuck out when an immediate consequence of their actions will be that gaming pc components instantly inflate 50% in price.
For years, us, Canadians went to USA for shopping. Next year with the exchange rate at the highest for US$, and Canada without tariff, a shit load of americans will come to Canada to buy their electronics and stuff.
Everyone needs a lesson in how tarrifs work. Tarrifs are a tax on thing that US companies buy. They are intended to make foreign products more expensive to protect domestic producers. So, the American company pays the tariff. They then pass that tariff on to their customer, either another company or an American consumer. Then, the country that the tariff had been applied to applies offsetting tarrifs on American goods.
When the product that the tariff is applied to can't be produced in the US, think advanced microchips or Canadian softwood lumber, Americans pay more but still have to buy the foreign product. With the softwood lumber tarrifs the cost of building a home with Canadian softwood lumber went up by tens of thousands of dollars and Canadian companies laughed all the way to the bank. American consumers paid more and Canadian companies made record profits because the US can't produce enough softwood lumber to meet its needs.
So, the price to American companies and consumers goes up and the cost of American goods overseas goes up. Americans pay the tarrifs and American companies sell less goods overseas.
Where so you think American farmers buy their fertilizer? Where they sell most of their soy and corn sell to? Maaaaany companies are either buying or selling to/from China. Many will go bankrupt, bany will struggle.
I'm involved in the manufacturing sector. At recent trade shows, we've been hearing that a lot of companies were holding off on making decisions about purchasing goods and machinery until after the election, though no one was saying much specifically about what each candidate would mean for their decisions. This article seems to say the outlook isn't super rosy and his initiatives don't make a ton of sense.
TIL, lots of Trumps voters don’t even know how tariffs work and thought the foreign companies are the one who paid those instead of the domestic buyers themselves.
As someone who works for a large US-based company, we are locking in large contracts ASAP for compute power to hopefully keep us sated and avoid these from being an extinction event. We were already discussing some vendors not offering supply contracts already because they see the writing on the wall for their own profit margins
Its a shame I don't have enough for solar yet. If you get it now its like getting a free battery if they are all getting a 40% hike. Probably gonna get rid of the tax incentive too cause the rich need it more too right?!
At some point it becomes easier to just travel to places to buy your gpus and such. When I was in Singapore, their prices on electronics were both good and compatible with my own stuff. I visit there to see an old MMO friend and it's just... Closer to the source, I guess.
Biden has both Russia and China on the back foot with failing economies, and significant social unrest. Both are desperate to make a deal with Trump.
Trump only succeeds in negotiation when he can bully his adversary.
If Biden had the faculties, he could have whipped both countries and probably avoided this mess.
Oh no, what will I ever do if I can't keep buying stuff I dont need.
"Americans might have trouble expressing greedy tendencies under a Trump presidency."
The entitlement of americans is absurd. Palestinian children are killed with made in america bombs while our population weeps over its loss of made in china electronics.
Clearly the american dream is dead if you can't replace your computer every year.