Trumps Tariffs. Will they affect you? If so how?

[thegreenyogi]

[Stevepro68]

Taking the world largest economic power and dicking around with it. To satisfy political narratives will have negative consequences for everyone. The last 100 years have been relatively stable when the world is not at war. instability will cause people with lots of money to become cautious. Remove that capital from the system and a with the amount of debt the US and everyone in the modern world will feel this. I have not seen any indications of a real plan other than doing whatever he wants. So yes it may not degenerate to soup lines and shanty towns. What I am sure the negative impact of this foolishness will go on longer than the president of the United States will live given a normal lifespan for an adult male.

[Friendlybro79]

The threat of them has affected my 401k balance which is a retirement fund. The market is reacting poorly. I'm trying to be fair here but I'm so at a loss for Trump and his tactics because they only seem to benefit the elite.

If I need my entire roof replaced, which I might, supply increases could make it very expensive. Tarrifs will take time to impact prices, in usual fashion, companies will pad it and take advantage of customers like avg people. So if supplies go up 25% they'll charge even more than that to profit off of the tariffs and blame them as a consequence.

This is difficult in NY being single income. It's hard to save for today's crap and try to retire with dignity. Rich politicians want us to have nothing left. They will drain us of every dollar we have and say it's our fault for not working 5 jobs and 24 hours a day.

[katiesmuff]

I'm guessing we will be paying higher prices for our food and alcohol very soon which means we will have many price increases which in the end will affect our business to some extent. Our biggest concern at the moment is the Mexican beers and Tequila we go through along with the whiskey's that come from European countries.

[petitedollbabee]

Im really hoping that it sways my country from sending our meat & dairy products to the US. It’s not fair that the same product is cheaper in the US, yet expensive here, in the country that it was bloody made in!

[HawkPerception]

I live in Canada, so we're definitely feeling it here. Grocery stores have removed a lot of American products and most of us are trying to buy Canadian products at this time, although restaurants seem to be an exception for the younger ones that don't give af about politics.

[Anonymous]

No one has any real clue. And if they tell you they do they're probably lying.

My hope is that all of this is a tactic that Trump is using to force other countries (friend and foe alike) to the negotiating table. And that Trump will rescind these tariffs. Only time is going to tell. In the meantime I'm just trying to remind people. Yes, this will hurt us. But it will hurt other countries more. I think this is an economic game of chicken. And the only thing I fear is the orange guy who's putting all of these into motion. Will be just fine financially if it doesn't go according to plan.

[WindAtMyBack]

Probably less than Biden's corporate tax increase will. In either case the end consumer pays for it.

There are so many things that go into the end cost to consumers. But I think corporate tax and tariffs are pretty trivial compared to everything else.

Did anyone notice Biden's increase? Did they even know about it?

[goaded]

Nobody noticed because it didn't affect them.

I take it you're talking about the Inflation Reduction Act, which ensured a minimum 15% rate, to bring in an extra $30 billion a year revenue?

"Biden's corporate tax hike in the Inflation Reduction Act won't hurt most U. S. companies, Wall Street analysts say" www.cnbc.com/.../...rial-to-most-us-companies.html

I don't suppose anybody noticed the maximum rate being reduced from 35% to 21% by Repubicans because "trickle down" is a myth.

[WindAtMyBack]

@goaded

You're missing the points.

1) All taxes are ultimately paid by the people. So that includes both tariffs and corporate tax.
2) What we are seeing is typical. If Trump does it, it's terrible and everyone freaks out. If anyone else does it, nobody cares.
3) The main point is that I think most people will not notice a difference in price.

Other than the tax revenue, different taxes have different affects. Corporate tax gives the government some control over companies without direct regulation. Tariffs can also give the government some control over companies, but it also gives incentive to move (or keep) operations in the US. It's also used as a negotiating tool for a whole host of other things. It's a bargaining chip.

As for trickle down. I don't know anyone who says it's a myth. On the other hand, trickle down is a made up word used derogatorily to mean supply side economics, which is a lot more than simple "trickle down". Also, the government itself is also "trickle down". If you increase taxes, it simply trickles down through the government instead of through the private sector.

Back to Tariffs. Don't forget that it's revenue. In theory, any increase cost to consumers could be offset by a decrease in other taxes. Of course we know that won't happen directly. Once government gets their grubby hands on people's money, . they want more no matter how much they get.

[goaded]

LMAO at "What we are seeing is typical. If Trump does it, it's terrible and everyone freaks out. If anyone else does it, nobody cares."
What president wiped $3 trillion off the stock markets in two days?

"As for trickle down. I don't know anyone who says it's a myth."
Then you should talk to economists.

"If you increase taxes, it simply trickles down through the government instead of through the private sector."
OMG. The difference is that the former goes to people who need it, the latter goes to people who want it.

[WindAtMyBack]

@goaded

"What president wiped $3 trillion off the stock markets in two days?"

The president has very little to do with the stock market. But since you asked the question...

Biggest percentage drops in history ( in the top 20 )

Joe Biden

Dow Jones
2nd biggest
5th
13th

NASDAQ
1st
4th
12th

S&P 500
2nd
17th

Donald Trump

Dow Jones
none

NASDAQ
None

S&P
11th

[WindAtMyBack]

@goaded

"The difference is that the former goes to people who need it, the latter goes to people who want it. "

It always amazes me that some people think all those welfare leaches actually need it.

When money "trickles down" in the private sector, it mostly goes to people who work and earn it.

When it trickles down in government, a significant portion goes to the over-bloated government. The private sector is almost never as wasteful as the government. Of the amount that reaches the people the large majority are lazy bums.

Welfare in the US should be cut in half. Then cut in half again. Then eliminated entirely.

[goaded]

Trump and his nonsense tariffs are directly responsible for the losses of the last couple of days, there's absolutely no question.

Money trickles up in the private sector, not down. That's how come you have billionaires.

Your "Biggest percentage drops in history" isn't readable. Try a link to the source.

[WindAtMyBack]

@goaded

Wrong. The REACTION to Trump is causing it. The stock market overreacts to everything. Add to that the liberal media and people like you running around like Chicken Little screaming "The sky is falling". It's not really falling, but if you say it enough, some people believe it. I learned 40 years ago to not pay attention to the ups and downs in the stock market. It's meaningless.

Is it possible that certain specific businesses will be negatively affected? Of course. But the overall market? Hell no.

" Try a link to the source"

Look it up yourself. Have you ever heard of a search engine? Jesus fucking Christ people are so fucking lazy.

[goaded]

"The screaming was just a REACTION to the driver heading the wrong way down the highway."

"so fucking lazy" says the guy who posted illegible crap.

Trump was still in office in 2020? All those losses you blamed on Joe Biden from March 2020? Trump's.

en.wikipedia.org/.../List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average
en.wikipedia.org/.../List_of_largest_daily_changes_in_the_S%26P_500_Index

[WindAtMyBack]

@goaded
Yea, you are right. It was under Trump. I have no idea how I screwed up.

Anyway. It doesn't matter who it was.

[goaded]

It does matter when you're blaming the wrong president and the wrong party. But thanks for admitting it, most people on here wouldn't.

[WindAtMyBack]

@goaded

I never blamed a president. That's what I'm saying doesn't matter. The president has very little affect on prices. Nor does it have much affect on the stock market.

[Spencer10]

Well to be honest a recession and the resulting drop in prices for food and fuel will probably help me. I secured my investments and have little risk of unemployment. I kinda saw this coming. I am very fortunate. Others around me not so much. They are very concerned.

[DrPepper12]

You're gonna get a recession & inflation I'm afraid

[Miristheiss]

I don't know.

I am willing to wait and see how this all plays out.

My house is paid off, we own our cars. Groceries and gas are our main requirements in weekly spending. If a specific grocery product goes up too much we'll just stop buying it.

[combative]

Most likely they will lead to more industrial projects in my state which will improve employment opportunities for residents and attract migration flows of new residents, bolstering the economy by increasing GDP and the velocity of money and promoting real estate development.

[combative]

Here' a recent quote from Benderson Development.

“Florida in general has been gangbusters,” Curran says. “Our boss says, whatever we can do in Florida, we'll do…. He'll roll the dice any place — especially if it makes sense from an interstate standpoint and hopefully from a cost standpoint.”

People who want to make money are moving their companies to Florida and developing projects all over the state. Massive growth is happening in the business friendly state.

[Fireguy17]

they might indirectly, but it is fine.
We already pay tariffs, and our products are have very high tariffs on them for many other countries.
It can be a bargaining chip, to help even things out.
just think of what would happen to China's economy if we stopped or cut way back on what we are buying from them, they would be in a world of hurt.
Go buy a Harley in China!

[NathanDavis]

personally, not in a negative way... but it could definitely affect the border region, yes... always does, lol

[JesseP1nk]

I dont live in US, so im will be fine.

But Americans fucked around and gonna find out.

https://www.reuters.com/technology/will-trump-tariffs-make-apple-iphones-more-expensive-2025-04-03/

[MisterWack]

Aluminum, Chocolate, Tea, Spices, Coffee, Seafood, Cheese, Nuts will affect my family and me personally.

I heard Alcohol is affected too, though I don’t drink so I’m good.

[lightbulb27]

were going to find out... good grief... first Bidenomics and prices double, now more inflation.

but we knew it was coming... only way to deal with the debt.

[molonski2]

They will affect everyone , almost everywhere , little doubt about it..

Just look at the declines today , everyone will be affected and most of all thos in USA.

[molonski2]

OMG , seriously , look I'm an investor , full time for 15 years , reading though some of these comments the ignorance is unbelievable..
" We own our cars and house , so won't be affected " ummmm SORRY , if you live in the world , pretty much anywhere , you will be affected and immediately..
Every input item will be affected , your entire lifestyle in the USA will be affected.
This stuff is beyond lunicy..
Your 401 will be affected , your retirement, your complete standard of living..
All driven by a clown who is nearly 80 years old ! HEEEELLLLOOOO time to wake up..
And push the mid terms , study and understand the actual affects.

[chrissykerdock]

they will affect all consumers but the promise is to replace foreign products with items from the usa like food why do we have fish from china at grocery stores

[Razp_Sorbet]

Day to day it will have some effects on my retirement fund. Other than that not a lot unless a trade war happens. Everything is a bit unknown at the moment.

[DrPepper12]

Yes. They will impact the 🌎 🌍 negatively. DUMFUQS

Party on MAGA!! He HATES you!!

[NicholasRedone]

Not in the slightest - I cashed out of the stock market a fair while ago now and switched to cash options - no financial advice I'm simply narrating my own life earlier this year to present 🎁

[Kelley1]

I will have to pay more for what I buy; that's all.

[Dargil]

For now, some prices at Walmart and Amazon will rise. It a valid price to pay for re-industrialization..

[alice55]

They won’t cause i m French and mostly buy French product or other EU product

[Anonymous]

That narcissistic serial lying psychopath is gaslighting not only the American people, but the entire world. The damage that diseased shitstain has done is immeasurable.

[Anonymous]

Nope. I'm an American billionaire so the price hikes don't affect me at all. I am also expecting more tax cuts for people like me from little Donny

[douride2]

Those tariffs are on products being imported in to the US. The people in the US are paying more. I'm in Canada. So not so much here.

[Sarahinsurrey42]

Well think its very possible it could be inflationary and could effect all of us, particularly if many headline brands move manufacturing back to the US, where labour costs are way high than say South East Asia

[RedInnocent69]

Well, I’ve been too afraid my investment accounts lately, but figure Trump’s cost me around $50k already

[Anonymous]

Yeah they will make me more richer because people will buy my products instead of cheap crap from other countries.

[Anonymous]

They will affect everyone--worldwide. So sad. However, after a few years when Trump is gone, it will be corrected by a normal leader. Trump supporters will be most hurt by higher prices. They get what they deserve.

[NordicInScandinavia]

The world will NEVER have trust towards the Americans again.

[eliegia]

of course they will. he’s just finding another excuse to isolate america from every other country and tax amaricans once again. especially women who already face pink tax.

[loveslongnails]

It will affect everybody and everything, and not in a good way.

[shortster]

Yes, I live in America, so foreign goods will likely become more expensive.

[WhiteBoyChill]

They won’t. I don’t buy any crap besides food

[QuietRunner]

I will feel equal to Europeans that have already been paying higher prices for many years

[Lynx122]

Nah I'll be fine.

[Agape93]

Not really. I don't buy much.

[exitseven]

probably not. I always buy American made goods.

[IslaTheWitch]

nope...

[Hispanic-Cool-Guy]

I don't buy ish except food so no.

[Still-alive]

Welcome to the idiotic timeline!

[Staximus]

I don't give a hoot

[Pterodon]

Doubtful. I’m not planning on buying a car

[pacificopete]

No pain no gain.

[seeyounexttuesday]

No idea.