You keep thinking that, just like a lot of Trump voters think that. Why would he behave differently than he did in his first term, especially as his 3rd grade economic brain believes tariffs are good policy. The fact that so many of you Americans fell for the fallacy of Trump being some brilliant financial mind would be hilarious if the consequences weren't so dangerous.
You keep thinking that, just like a lot of Trump voters think that. Why would he behave differently than he did in his first term, especially as his 3rd grade economic brain believes tariffs are good policy. The fact that so many of you Americans fell for the fallacy of Trump being some brilliant financial mind would be hilarious if the consequences weren't so dangerous.
Matt, do you believe that if Bezos bends the knee, praises Trump via Twitter Kin Jong-Un style, and stops donating to Democratic causes and candidates, that Trump will still hit Amazon's profits with tariffs?
Sure, there will some tariffs for holdouts.
But the point of the tariffs is to give carve outs to those who curry favor.
You have a large misunderstanding of Trump's thinking on Tariffs. You also forget that Trump has no loyalty at all, except for his most fervant followers, not late knee benders - and only then until they are of no more use to him. Aside from that you also have a misunderstanding of how tariffs work, but it seems you aren't the only American in that boat.
The only proft hit that American companies will take from tariffs is from lost sales. Companies don't tank their profits when hit by tariffs, they pass the entirety of the tariff on to the consumer. Bezos won't pay one cent in tariffs, neither will any other company. China will not pay a cent, Europe will not pay a cent, Australia will not pay a cent - the cost will be born by Americans every time they shop. That's how tariffs work.
Put a 20% tariff on steel, everything that steel gets used for gets a price increase equal to what the steel tariff cost that company. Put the same tariff on fruit, it all goes up by 20%. Like your international beer? If that gets a 20% tariff, YOU pay 20% more for that beer. And you know the best part for American consumers? Just like all price rises, when a new administration comes in and dumps the tariffs, the prices won't go back down by 20% because they never do. There might be a small decrease in price, but nowhere near the 20% decrease the tariff removal would warrant. Companies don't surrender profits unless they are forced to, and that equals price control which in America is a third rail lol.
You keep thinking that, just like a lot of Trump voters think that. Why would he behave differently than he did in his first term, especially as his 3rd grade economic brain believes tariffs are good policy. The fact that so many of you Americans fell for the fallacy of Trump being some brilliant financial mind would be hilarious if the consequences weren't so dangerous.
Matt, do you believe that if Bezos bends the knee, praises Trump via Twitter Kin Jong-Un style, and stops donating to Democratic causes and candidates, that Trump will still hit Amazon's profits with tariffs?
Sure, there will some tariffs for holdouts.
But the point of the tariffs is to give carve outs to those who curry favor.
You have a large misunderstanding of Trump's thinking on Tariffs. You also forget that Trump has no loyalty at all, except for his most fervant followers, not late knee benders - and only then until they are of no more use to him. Aside from that you also have a misunderstanding of how tariffs work, but it seems you aren't the only American in that boat.
The only proft hit that American companies will take from tariffs is from lost sales. Companies don't tank their profits when hit by tariffs, they pass the entirety of the tariff on to the consumer. Bezos won't pay one cent in tariffs, neither will any other company. China will not pay a cent, Europe will not pay a cent, Australia will not pay a cent - the cost will be born by Americans every time they shop. That's how tariffs work.
Put a 20% tariff on steel, everything that steel gets used for gets a price increase equal to what the steel tariff cost that company. Put the same tariff on fruit, it all goes up by 20%. Like your international beer? If that gets a 20% tariff, YOU pay 20% more for that beer. And you know the best part for American consumers? Just like all price rises, when a new administration comes in and dumps the tariffs, the prices won't go back down by 20% because they never do. There might be a small decrease in price, but nowhere near the 20% decrease the tariff removal would warrant. Companies don't surrender profits unless they are forced to, and that equals price control which in America is a third rail lol.