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[–] [deleted] 2 points -1 points (+1|-2) ago  (edited ago)



[–] WhiteRonin 0 points 3 points (+3|-0) ago 

How do you get the idea that access will be cut off? It just means phones and other products will increase in price. Tariffs are a tax not a ban. Other countries will not benefit much because they are already producing what they can. Your theory would mean by the US not purchasing more other countries will - so who will start producing more? Nobody. Chinese manufacturers might lower costs to move product but that means that just offset the tariffs. Companies like big long production run contracts over hundreds of retooling bull shit ones.

Companies will either try to pass off the taxes onto is the consumer or will start to build factories to lower costs. The tech sector will get hit the hardest and if I were a company I’d look into highly automated factories to prevent slackers from fuckin up the process or just charge more. If companies had a heart they would eat the price increase since they probably can.

Your dooms day scenario is like a 5% chance. If the US defaults, the world collapses.

But you are right, the US consumer will take it on the chin but if the plan produces more manufacturing in the US then it will be a short term hit and over the long term US consumers will benefit even more than what they lost.

[–] [deleted] 0 points 0 points (+0|-0) ago 



[–] ScottRockview 0 points 1 points (+1|-0) ago