5d ago

U.S. consumers bearing more than half the cost of tariffs so far, Goldman Sachs says

www.nbcnews.com

Leopards Ate My Face @lemmy.world

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5d ago

U.S. consumers bearing more than half the cost of tariffs so far, Goldman Sachs says

www.nbcnews.com /business/consumer/us-consumers-bearing-half-cost-tariffs-far-goldman-sachs-says-rcna237283

News @lemmy.world

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5d ago

U.S. consumers bearing more than half the cost of tariffs so far, Goldman Sachs says

www.nbcnews.com /business/consumer/us-consumers-bearing-half-cost-tariffs-far-goldman-sachs-says-rcna237283

13 comments

I'm so tired of winning.
It's crazy that over 200 years ago, some Boston dudes got so angry at this same thing happening that they threw every last barrel of tea into the ocean and proceeded to start a fucking war for independence.
- Is that what you were told? The Boston Tea Party was caused by a cut in taxes.
  
  The source of the protestors' anger was the passage of the Tea Act by the Parliament of Great Britain on May 10, 1773, which allowed the East India Company (EIC) to sell Chinese tea in the colonies without paying taxes apart from those imposed by the Townshend Acts.
  Checks out
you know, trump, he says a lot of things, but this tariff thing? I think he’s really got a good point there. We’re really supporting too many countries.
an Actual American said this to me. It’s phenomenal how ignorant people are.
- My coworker gave me the same spiel and keeps complaining about how the local shoprite is too expensive and she won't shop there anymore. My office is so hopped up on copium that I just don't bother anymore.
  
  Ah this guy also just spent about USD750k on powersport toys this year, he won’t notice. But he might notice when his business gets hit because all their material comes from Germany… fingers crossed!
- supporting
  These are people who heard “trade deficit” and thought “deficit? That’s a bad word!”
  We were getting a ton of stuff from other countries for cheap, meanwhile those countries either couldn’t afford our stuff or bought it at an absurd premium.
  That is not supporting the other countries, it’s exploiting them.
  The funny thing is, I’m like… Yeah, we should probably stop exploiting them. And in that sense, the tariffs are a good thing. Buuut the price of doing that is being paid disproportionately by working class people.
  If it was more equitably implemented, I wouldn’t necessarily have a problem with a more tariff-based USA.
How is it that people don't know how a tariff works???
Are there a bunch of "other" tariffs that I don't know about???
- The GOP has spent decades and billions of dollars making sure most Americans have grown up not knowing how any of this works.

13 comments