• FunkyCheese@lemmy.dbzer0.com
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    5 hours ago

    tariffs are used to protect your own businesses, like, you put tariffs on foreign cars, to sell more locally produced cars

    thats the whole point of it (in very broad strokes)

    they dont work as a threat to random nations for random reasons

    • Dr. Moose@lemmy.world
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      17 hours ago

      The corporations - duuuh.

      Everyone knows that corporations are only interested in increasing quarter to quarter revenue to satisfy share holders so they will happily stop doing all that and instead - take a hit and start decade long r&d and reinvent their production locally to avoid raising prices.

      /s in case it was not obvious.

  • TomMasz@piefed.social
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    20 hours ago

    As predicted by everyone but Trump. One thing you learn in a capitalist society is that no company ever “passes the savings on to you.”

  • Cnote5@lemmy.world
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    20 hours ago

    “…only about 4% of the tariff burden is shouldered by foreign firms, with a “near-complete” pass-through of 96% to US buyers…”

  • slothrop@lemmy.ca
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    20 hours ago

    Study confirms what everyone with a single functioning brain cell knew.
    Soon to be dismissed as fake.

  • ThePowerOfGeek@lemmy.world
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    20 hours ago

    “Some of you will lose a lot of money and starve. But that’s a sacrifice I’m willing to make!” -Trump

  • Typhoon@lemmy.ca
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    18 hours ago

    The headline could’ve read “tax paid by the people who buy things”

    Shocking news

  • baguette@piefed.social
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    20 hours ago

    While US citizens pay for the tariffs, it may well hurt producers of imported goods.

    “The adjustment occurs through reduced trade volumes , not price concessions,” according to the Kiel paper. “Given the choice between maintaining margins on reduced sales or slashing margins to maintain volume, most exporters apparently prefer the former.