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- cross-posted to:
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Thank you Biden for saving us from affordability.
Paying high prices for everything sure makes me feel fancy, I couldn’t imagine affording stuff and looking like a total peasant!
Looking forward to splurging on the fanciest items of all – groceries!
America / west is going to undergo hyperinflation.
2% normal? How about 10% and wages are going to continue to lag as poindexters and stat books remain suppressed. Employers use the lagging “industry standard” as an excuse to devalue their workers 8%+ a year while giving paltry crumbs claiming a simple Cost of Living raise.
🍿
for the quip about steel aluminum, the Steel tariff won’t change much given that it’s just matching the tariff steel got back in 2018 under Trump, the aluminum one though is going from 10>25% reletive to the one in 2018. Neither caused hyper inflation at the time.
The price of PVC pipe spiked really hard under Trump, and hasn’t really recovered fully.
there were definitely some industries affected by it, but the inflation due to the tariffs were nothing compared to inflation due to Covid, neither being hyper inflation.
Literally all of that was before we decided to commit multibillions of dollars to a couple Nazi war efforts. These sanctions may be the same percentage, but they’re being implemented in an entirely different economic landscape.
I couldn’t find it in the article, but is it a tariff from all countries? If not then this is a useless gesture and no one will get their jobs back. The new trend is Central America for manufacturing and Eastern Europe for white collar outsourcing.
It’s just from the US, I’m pretty sure
I mean is it a tariff on importing from all countries to the US, or just a tariff on imports from china? I guess I could Google it
Just China -> US. German solar panels are not affected, if they exist.
Ah damn. Then no one will be getting their jobs back
Might as well just said “cheap goods”
