Fox News host gives Trump voters 1 huge reality check: ‘Let’s be realistic’
Fox News host gives Trump voters 1 huge reality check: ‘Let’s be realistic’
"Who’s going to pay for that?" asked Julie Banderas.
Summary
Fox News host Julie Banderas warned that President-elect Donald Trump’s proposed tariffs—25% on products from Mexico and Canada and 10% on those from China—could significantly raise costs for Americans, as many businesses rely on foreign goods.
While some companies are shifting to U.S.-based suppliers or stockpiling goods ahead of the tariffs, Banderas noted that buying American often results in higher prices.
She highlighted that the financial burden would likely fall on consumers, questioning, “Who’s going to pay for that? We are.”
Economists have also warned of inflation risks.
My sister's fiance thought just because an iPhone (for instance) was designed in the states that it wouldn't be subject to tariffs, despite being made in China and using foreign parts.
In the end there will be all sorts of carveouts for whatever company kisses Trump's ass the most. Apple products will be on that list almost assuredly.
This is a bad thing because it'll be yet another thing for people to point to and say "See! The tarrifs aren't so bad."
To be fair, an iPhone could be manufactured entirely in the US it would just cost 4x as much. Maybe 10x, actually.
CPU manufacturing would be the hardest to bring online. The second most difficult one would be screens (though we may not have tariffs with South Korea 🤷).
In the US there's already plenty of PCB manufacturing, CNC machining (case), ultra hard glass (screen) manufacturing, and it's relatively easy to ramp up capacitor and resistor manufacturing. Things like USB C connectors would need some company to step up though.
Only TSMC can produce the SoC which is a huge problem. An US produced iPhone would be something quite different no matter the price.
How can a financially broken, over stressed, oppressed public fight? This is by design, to further oppress, divide and conquer. But I’ll wait over here with the other couple million people that have been screaming this for months till the shit hits the fan and we can actually start working toward a common greater good.
BuT tHe StOcK mArKeT iS uP!
And it won't be once sales drop precipitously across entire industries. Lots of manufacturing simply doesn't exist in the US anymore, and there isn't enough time to start it up before massive economic impacts.
The effects of this Trump administration will be clear and they will be bad. I'm somewhat optimistic that they will eventually start to generate a kind of unity we haven't seen in the US in a long time. But, to be clear, it will be a very, very, very rough few years to get there, and it assumes the world isn't consumed by massive wars anyway.
Freedom's just another word for nothing left to lose.
That's all that Bobby left me.
Now might be a good time to get into the torch and pitchfork business
That's old school. You gotta get into the modern equivalents: Airplane tracking and semi-autonomous robotics.
I think that's the thing. The system will fail if all these policies are put in place. But at this point, it sounds like a lot of voters need an example of what such a failure looks like.
Trump is simply proving that he is a Russian asset. He's taxing American allies more than their rivals.
The 10% on China is in addition to the 25% of Can/Mex, so 35% for China.
I understood it to mean 70%. 60% of what he initially promised plus the 10. 35% doesn’t sound so bad now…. Heh
Here's the thing. Even if the terrifs, somehow, didn't directly cause inflation, the fact that we are taking about inflation means that companies can raise prices and gouge just like last time.
Man, I sure am worried about deflation.
The "Buy American" companies will raise their product prices to match the foreign companies hit by tariffs. Governments and corporations NEVER pay tariffs. They pass on the tariffs to consumers in the form of higher prices.
And those price increases won't translate to paid workers since unlike the Democrats, he doesn't plan to properly raise minimum wage. So underpaid workers will still be underpaid, but will be hit with inflation
It will all go to share holders or management
Wild that we talk about Fox News like we’re breaking into a different world. Even wilder that this person is being honest with their viewers.
This is the first time they are hearing of this and easily half of them have now "cancelled" fox for being woke.
Well, they wanted to stay "sleep", and got it.
Cable: "You dare try to cancel me?"
This is the honest conversation that Fox News should have with its viewers before the election. It's moot at this point.
Network that spends all of its time pretending that claims that Donald will immediately reach favorable and equitable peace agreements in two international wars, get the price of eggs to go down, secure the southern border, deport all the criminals, and fix healthcare with "concepts of a plan" are totally reasonable: "Let's be realistic". 🤡
😆
You guys skewed reality so far that it has broken entirely for your viewers. How do you expect them to be realistic now?
LOL, why would Faux start being realistic now?
It could hurt the Sacred Moneyline.
The good old "I'll collaborate with fascists for higher profits and hey wait what are they doing?"
It’s going to be fucking hilarious when these shitcunts get wrecked.
But they won't.
The "solution" will be just popping out a few more welfare babies. Thus continuing the downward spiral even faster.
The shit is already piling up in front of the fan, which will remain off until Jan 2025.
Literally companies could start on-shoring, how foreign car makers all have plants in America now, but you know doom and gloom for outrage bait.
I mean let's think this through. Say it costs many millions, billions even, to create new manufacturing plants for any of the major players. It will take probably years to complete and on top of that US workers have much stronger protections than most of the world with significantly higher labor costs to boot. consumers would immediately pay more because of the tariffs, and then even if the "protectionism" works, we're still paying more, even if it's to US workers and companies. This isn't even to mention that the taxpayer is likely going to foot the bill for construction of new factories as they've done with Intel etc.
i'm struggling to see any merits to this idea. Can you elaborate?
The other big risk is that in 4 years, the tariffs could be removed with a change of government, or earlier when the GOP realises how bad their mistake is.
So these businesses have to decide do they want to invest billions in plants that could be redundant before they're even completed.
I think making products in America is a wonderful idea. As you said, won’t stop the tariff price increases, but there’s merit in investing in manufacturing in countries more capable of increased automation like the United States, Japan, and Western Europe thanks to skilled engineering workforces. This is especially true because if you intend to do manufacturing ethically you’re better off competing somewhere where the minimums in worker treatment and environmental protection are higher.
Now if you need manual labor as cheap as possible, go to South Asia and South America, we can’t compete with them on that unless we’re imposing ludicrous tariffs.
Auto parts generally aren’t made in the US, only assembled here.
Toyota is kind of a counter example here. I'm grateful to them for opening several factories in my home state.
It's funny to me that you can buy a (partially) American made and assembled Toyota. Or be a real patriot and buy a Chinese made and Mexican assembled F-150.
You'll be surprised how expensive everything is to build if you pay domestic wages instead of buying things dirt cheap from other countries where wages are low due to slave-like working conditions. This is probably what Trump wants to establish in the US, but when other factors like housing, food etc are already way more expensive than they are in those countries, this creates a poverty hellscape for y'all. The result will be that people can't even afford to live at the standard of a chinese factory worker. Enjoy.
No, it's not wages that would increase prices huge amounts. They'd increase the price of goods slightly (depending on the good) but for the most part the biggest cost factor that increases when you decide to make something in the US is regulations.
Ya know, rules that prevent companies from dumping their toxic waste wherever TF they want. It's not just the regulations that apply to a specific company's business but all the regulations in their supply chain.
Consider a PCB manufacturer: They need epoxies, fiberglass, copper, gold, tin, and silver to make PCBs along with a shitton of associated chemicals. All of those things ultimately come from heavily regulated industries (because we don't want smelter waste full of things like lead, mercury, cobalt, and worse things winding up in our food and water). All that regulation costs money to deal with. Not just in actually complying with the regulations but also hiring people knowledgeable enough to make sure they're complying (and doing so in the least expensive way possible).
In countries like China regulations are basically non-existent because even if they have them officials can easily and cheaply be bribed to get around them (e.g. poisoned baby formula). Furthermore, the people are vastly more ignorant of health and pollution than your average idiot in the US. If some dude sees a company dumping tires on the side of the road they're likely to call the cops because that's obviously illegal. I'm China that doesn't happen because the people will be unlikely to understand the (environmental/downstream) consequences of that or will suspect the cops (and local officials) are in on it and reporting the illegal dumping could get them disappeared.
The most toxic industries are all overseas and we really do rely on them to keep supply chains going. Bringing them back onshore would drastically increase the cost of a shitton of goods just because there's no cheap way to dispose of byproducts here and there's way more requirements around handling such things.
Life is not Factorio, brah. You can't just plop a factory down and start production. It will take a decade and cost billions. At which point a new administration will be here and will repeal the tariffs.
Repealing tarrifs doesnt work like that. The countries we tarrif will do the same right back, and wont be eager to repeal them.
Goods will be more expensive forever
Honda: Hold my sake
I get it for semiconductors, though. Unless there's some loophole for the parts inside of devices, we're kinda boned.
On shoring takes a long time and American labor is more expensive than Chinese and Mexican labor. I work in manufacturing and it takes years to build capacity when you already have a facility. Oh and think multimillion dollar investments with high risk.
I’m not saying they can’t onshore. I’m saying it’ll be slow and expensive and possibly more expensive than not, and because it’s slow the customers will eat the cost long enough that they won’t lower prices when they finish.
I want to believe this is true. I hope that things go that way - if America leads a shift in the way the world gets it's goods that could be a good thing. But I'm not sure that's what will happen, honestly.