Summary

Fox News host Julie Banderas warned that President-elect Donald Trump’s proposed tariffs—25% on products from Mexico and Canada and 10% on those from China—could significantly raise costs for Americans, as many businesses rely on foreign goods.

While some companies are shifting to U.S.-based suppliers or stockpiling goods ahead of the tariffs, Banderas noted that buying American often results in higher prices.

She highlighted that the financial burden would likely fall on consumers, questioning, “Who’s going to pay for that? We are.”

Economists have also warned of inflation risks.

  • EtherWhack@lemmy.world
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    1 day ago

    My sister’s fiance thought just because an iPhone (for instance) was designed in the states that it wouldn’t be subject to tariffs, despite being made in China and using foreign parts.

    • Beakerfullofdeath@lemmy.world
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      1 day ago

      In the end there will be all sorts of carveouts for whatever company kisses Trump’s ass the most. Apple products will be on that list almost assuredly.

      This is a bad thing because it’ll be yet another thing for people to point to and say “See! The tarrifs aren’t so bad.”

    • Riskable@programming.dev
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      1 day ago

      To be fair, an iPhone could be manufactured entirely in the US it would just cost 4x as much. Maybe 10x, actually.

      CPU manufacturing would be the hardest to bring online. The second most difficult one would be screens (though we may not have tariffs with South Korea 🤷).

      In the US there’s already plenty of PCB manufacturing, CNC machining (case), ultra hard glass (screen) manufacturing, and it’s relatively easy to ramp up capacitor and resistor manufacturing. Things like USB C connectors would need some company to step up though.