Summary
A Harris poll reveals that 69% of Americans believe Donald Trump’s proposed tariffs would increase consumer costs, with many planning purchases ahead of his inauguration to avoid price hikes.
Trump has championed tariffs as a key policy to boost domestic manufacturing, but economists and corporate leaders warn costs will be passed to consumers, potentially adding $2,600 annually to household expenses.
While Republicans are more supportive of tariffs, only 51% think they will benefit the economy.
The poll highlights widespread concern over tariffs’ economic impact, especially amid lingering inflation and financial uncertainty.
Jesus, this is so fucking contrarian.
Yes, taxing goods imported from countries with poor labor laws increases their price.
Yes, we should increase the cost of goods that are made with unfair labor practices (or ban them entirely)
Yes, Trump is still a criminal even if he accidentally does the right thing every now and then
The other 3rd are just that braindead
Well now hold up, a little more than half of the 2/3 knew better but voted for it anyways. Id say they’re pretty braindead too.
but they are more likely to vote than the other two thirds.
They are more likely to vote for the wrong team
Alternate headline: 1/3 of Americans Functionally Didn’t Receive High School Education
Tbf, I was very ignorant regarding tariffs as a young adult post highschool. But also, we have the Internet, and Google, and as of now we have fucking AI that can ELI5 literally any topic you are interested in knowing more about if you aren’t an ignorant piece of shit. But here we are, America is full of ignorant pieces of shit. Shocker.
ITT 1/3 of Americans are fucking morons
I love how people are debating this as if it’s not a well understood concept. Can’t wait till we get headlines like “1/4 of people belive a bullet to the head might possibly be fatal in some cases”.
A Harris poll reveals that 69% of Americans believe Donald Trump’s proposed tariffs would increase consumer costs, with many planning purchases ahead of his inauguration to avoid price hikes.
Galaxy brain economics.
GM’s stock price is down 8% today.
I would like to take this opportunity to congratulate automotive union workers who voted for Trump.
It’s not like the actual workers see any of the money when the stock price goes up…
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Yeah, but they are the ones let go when the stock tumbles.
Sounds like a pretty dumb system if the people who actually make the product are only exposed to downside but don’t benefit from the upside. We should probably tear that whole system down.
There are 258 million adults in the USA. Almost 77 million people voted for Trump. Which is about 30%.
I think we can all deduce which 1/3 of Americans are too fucking dumb to understand Trump’s tariffs are a bad idea.
What about the rest who were too dumb to vote at all and got Trump as a free gift?
I’m guessing a third are too fucking stupid to know what a third is
But 1/4 has to be bigger since 4 is more than 3!
I’m guessing you already know this… but that is literally the reason why A&W’s 1/3lb burger (launched to compete with McDonalds’ 1/4 pounder) failed lol
They should have called it the 2/6th as 2>1 and 6>4!
I’m still amazed the party that preaches tax cuts, are vocally adding taxes, and they still got votes.
It amazes me that Republicans can be supportive of what is a blatant tax grab by the federal government. Trump is basically saying "I’m going to add a federal sales tax on top of the majority of everything you buy to the tune of 25% or more. With China, a lot of that is manufactured consumer goods. But with Canada and Mexico, we’re talking food products, automobiles, natural resources needed by American industries, etc.
I would guess your amazement is because GOP are understood to be in favor of small government, when actually they are favor of doing w/e the fuck they feel like to enrich themselves because their voter base is so fucking stupid they would vote for a rock if you said it would be thrown through a liberals window once elected.
My biggest concern is what will happen when the party that runs on christian nationalism and prejudice (redundant), that has majority control of the entire government, and is flush with tax revenue, is going to accomplish over the next 2-4 years…
Somehow he’ll still have a deficit.
The plan is to have a disturbing deficit, and interest payments are getting really big now.
This is like climate change, it’s not apparently hurting anyone tomorrow so… no one cares anymore.
Pro Tip: If you have any large purchases to make in your life, now is the time.
Also, probably buy a gun because there’s about to be a lot more desperate people out there.
So where were you on Nov 5th?
Russia, lol. I’m not representing anything there tho.
I like how the headline says 2/3 of Americans “think” tariffs will lead to higher prices. The other 1/3 aren’t thinking at all.
Tariffs are passed on straight to the consumer and the main outcome is that Americans will need to pay more. Demand for products from other countries isn’t going to suddenly disappear. Some things can’t be easily made in the USA, and sometimes the items made overseas are a higher quality product.
It’s like rebates - they very rarely benefit the consumer. Having a 30% rebate for solar panels is fine, but it means the prices are at least 30% higher than they should be, which is obvious if you compare US prices to European and Australian prices for identical systems.
The illegal tarrifs on Canadian softwood lumber raised the price of a single family home in the US by more than $10,000 while Canadian lumber companies enjoyed record profits because demand remained high. The tarrifs are intended to allow less cost effective American companies to charge more by making more cost effective foreign products more expensive. It’s about raising prices.
Trump voters voted to pay more to make rich people richer.
The other 1/3 of people probably don’t even know what a tariff is.
2/3 don’t know. They’ve just heard enough negative press to agree.
I mean it’s very simple. A tariff is what you pay the government to get stuff released from the port of entry.
You buy a $1000 DJI quadcopter that was manufactured in China, if Trump does his “60% on everything from China” tariff the US government says you have to pay them $600 or it goes back on the boat.
The complicated part of tarrifs is stuff like “are X-men action figures human or non-human toys” because those get different rates. Not what tariffs “are”.
It’s not hard, the country’s just full of uninterested idiots.
The part they refuse to think about is the DJI is just going to raise the price to $1700 to cover. And the fact that there aren’t going to be any local drone manufacturers for competition.
To cover what? DJI isn’t paying anything extra.
If they raise the price to $1700, then the tariff would be $1020 to the US government, again by you, and you would pay $2720 total to get your thing, split between DJI and the port authority.
After they put it on the boat DJI doesn’t care. They have their $1000. If they feel like it they can add the tariff charge and handle that for you, that’s how it usually happens now, but they don’t have to. You’ll just get a letter from the port authority about the charges needed to release your item.
You’re talking about direct to consumer from an overseas store, whereas I think the person you’re replying to is talking about the pricing at a US store?
What’s the difference?
Somebody has to pay the tax to get the items off the boat. Spoiler alert, everyone will pass the cost on to the final consumer.
I believe you’re conflating tariffs and customs duty.
Why didn’t they hear this before the election?
They should have heard about it during his last presidency. They’re too busy playing politics like it’s sports.
shrug
Let it all burn. The worse it is, maybe they’ll get a clue.
So 1/3rd of Americans don’t understand how economies work or what a tariff is.
Gotta be the same 30-40% that vote trump no matter what he does.
US has lead pipes, piss poor education standards with not enough funding, environmental pollution, bought out media that perpetuates toxic culture
Wut that has to do with anything there saying??!! *cough and wheeze*
The Democrats want to take your guns!
And 20% do, but voted for him anyway…
That assumes that everyone who answered this poll bothered to vote
At this point, with him announcing to all and sundry during the campaign that he was going to do this, not bothering to vote was still a vote.
But you see, the leopards won’t eat their faces!
Tariffs were barely talked about until the day after the election for some reason. So a lot of people learned after the election…
Tariffs were talked about constantly before the election. A lot if people weren’t listening.
But muh eggz
And the other .001% is former president McKinley who Trump assumes is still alive.
They just go with whatever Trump says.
Lol.
We’re such an unforgivably stupid society.
It doesn’t matter what politicians we choose. It doesn’t matter if the “pendulum swings back”. We’re stupid. Wherever the pendulum is, we’re still stupid. So we’re still going to trend downward, because that’s the only direction a stupid society can go.
Way to shoot ourselves in the dick.
Not just yourselves… it will probably send Canada and Mexico into a recession as well.
Yeah. It will probably suck for Canada too, but hopefully our government does the right thing and strengthens our ties with other markets in Europe, South America, and Asia. Really sucks how the past few years the Canadian government has torpedoed a lot of good international relations that would be really beneficial to have going into the Trump administration.
Canada’s move to expand our trade agreements began back in 2003 with the BSE (bovine spongiform encephalopathy) crisis when our cattle exports to the USA (and other nations) were shut down.
But you’re right that we haven’t worked hard enough on further expansions.
As per some other thread I hope we seriously consider trying to join the EU (or at least the EEZ/Shegen area)
Do you think the EU would let the USA in? Even Australia isn’t part of the EU even though they compete in the Eurovision song contest.
No way the USA would try to join the EU any time soon. Canada might though. Don’t know if they’d be allowed in.
I think the EU would refuse if only because it’d be extremely likely that the US would brexit themselves as soon as the government flipped.
How would that happen? Aren’t most things sold in Canada NOT from US and probably from China?
Idk about food tho
The Canadian economy is tied at the hip to the US. A lot of our agri is US produced and while most consumer end products are Chinese a lot of Canadian manufacturing uses US intermediary products. Our resource export market is also US focused right now especially for hard wood, dairy, maple syrup, and oil/natural gas.
I don’t think we actually have the facilities to handle Alberta’s production through the Atlantic provinces or BC.
Right so some industries that sell to the US would see slowdowns but the things we buy from US won’t be affected by tariffs unless Canada retaliates. Right?
My question was more about our cost of goods, our economy overall is not doing well and tariffs are not the only reason.
Imo this has been brewing ever since our country somehow decided house price growth means economic growth.
