Since the election, Trump has promised to immediately impose a 25% tariff on Mexican and Canadian imports, along with increasing existing tariffs on Chinese imports by 10%. On the campaign trail, Trump said he would put tariffs of 10% to 20% on all imports.
Economists widely agree that prices will increase with tariffs. Though the policy is meant to encourage American companies to produce their goods domestically, the global supply chain has become so entangled and interconnected that for many companies, the most simple thing will be to pass the cost of tariffs on to consumers – executives from multiple companies, including Walmart, Columbia Sportswear and AutoZone, have said they will do as much.
In a November Harris/Guardian poll, nearly half (44%) of respondents said they were planning purchases before Trump entering office, while nearly two-thirds (62%) said they were at least adjusting their financial plans for next year.
It’s like a run on the banks, except it’s a run on the Walmarts.
I upgraded my solar power setup with cheaper chinese LiFePO batteries and more panels recently, because the prices had never been cheaper and the future looks like not the best in that regard. The lithium batteries were actually cheaper for larger ones than the lead-based batteries I bought a couple years back.
ive been planning runs to my mexican and asian markets to hold me over for awhile :')
My dad needed to replace his phone anyway. It was an 11 that was really smashed up. Cameras and screen, but it was usable for his needs.
He picked up a 16 just to avoid the tariffs.
My mother did the same and she’s telling everyone else to do it as well.
Watch, there will be no tariffs and this will be his play to increase sales for these companies.
Well he kept saying 100% tariffs on China, yet now it’s only 10%. The truth is soon as someone sat him down and told him you’re an idiot and going to fuck up our entire economy again, he started changing his tune on how much and who. It’ll all fall apart
Built my new gaming PC in November in anticipation of the tariffs.
