- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
Donald Trump announced Friday that he was scrapping U.S. tariffs on beef, coffee, tropical fruits and a broad swath of other commodities — a dramatic move that comes amid mounting pressure on his administration to better combat high consumer prices.
Trump has built his second term around imposing steep levies on goods imported into the U.S. in hopes of encouraging domestic production and lifting the U.S. economy. His abrupt retreat from his signature tariff policy on so many staples key to the American diet is significant, and it comes after voters in off-year elections this month cited economic concerns as their top issue, resulting in big wins for Democrats in Virginia, New Jersey and other key races around the country.
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as if that’s all it took to lower prices. companies are gonna look at this as ‘free profit’ and keep them high, pocketing the ‘savings’ for as long as they can.
Yeah, the prices won’t go down unless forced
Gasp but forcing them is communism!
No, it’s only communism when the Demonrats do it you silly goat. Common mistake.
I can only hope it works
Walmart and every other grocery store corporation:
To be fair to corrupt corporations, they already bought the beef and coffee at tariffed prices, so they have to sell that stuff before the prices can go down. Unless they get a refund (not gonna happen), that’s the way things work.
We’re number 4 for beef exports… Why are we importing it back?!?
Short Answer: Markets are complicated and full of hundreds of thousands of moving parts. For a very simple example related to beef - we could consider the import of Waygu beef since that’s a commodity you can’t make in the USA.
Obviously, there’s plenty of other beef products we import. Anyways yeah usually a country is exporting and importing the same stuff in some quantities when it comes to things like beef or pork or simple mechanical widgets or whatever. Just stuff that because of the quirks of supply and demand and logistics makes it so widgets are exported for sale and also sold domestically.
This, BTW, is why the deal with Argentina to import more beef will do nothing for prices. Argentinian farmers pretty much exclusively raise very high end free-range grass fed beef that sells for a very high sticker price. This might be good for, say, Michelin star New York restaurants, but it won’t help anyone out in the grocery store.
Because American beef is cheap garbage that even Americans don’t want to eat.
Can’t be, he’s been exclaiming how groceries were already lowered.
They’re gonna pay us for groceries!
Strange word that, groceries. People are saying it.
Trump came up with that word himself. That’s why everyone is saying it now.
Then he forced everyone to have an ID to buy them.
A greens grocer is 6 feet tall with a 54 inch chest and 36 inch waist. What does he weigh?
Groceries.
Cabbage.
Exactly, this would be admitting he was wrong. Impossible.
Weird, I was assuming that adding tariffs on coffee would magically create plantations of coffee in Wyoming
Or bananas!
Wyoming is already full of bigots, no space to plant coffee trees.
Wyoming isn’t full of anything, the entire state has the population of a mid sized town.
Why are Republicans always so attracted to rural areas with low population density? So that they don’t have to deal with other Republicans.
So, tariffs do raise prices then?
Man, if only someone had known that going into this mess.
Who’d have thought… the recomendations for how to lower prices… were, to stop doing those things everyone told him would raise prices and he swore up and down wouldn’t.
There’s no reasoning with a moron.
This guy fucks everything up, then wants us to praise him for unfucking one or two things he himself fucked up.
It’s not even necessarily unfucking either. When distributors and producers learn a new higher price consumers will pay, it’s very easy for them to default to that price. They can just increase prices to match what it was with tariffs and nothing changes except more profit for the producers. We consumers wouldn’t even realize it since we’re so far removed from the source.
Costs of goods hasn’t been a meaningful part of final cost of a product in a long time. Companies have been using minor cost increases to justify major price increases for a while now.
Regardless of whether it’s the producer or someone else along the supply chain, the prices are able to stay up because the consumer will pay the increase price. At the source or not, that’s my only point
Or that’s the point. Every crisis is an opportunity. Create crisis, create profit.
Yeah except the damage is already done. The issue is every time he does this shit the countries that aren’t able to import to America go elsewhere and start up in those countries. If they already established why the fuck would they come back and risk the loss again off the tariff rug pull? It’s not only logical it’s a better business move to just stick where you are where the market is going to be stable. This is what happened to the soy farmers.
Lol. The prices arent gonna go down. They just might not keep going up.
as fast*
One of Trump’s mouthpieces will be talking soon about how the fourth derivative of prices is slowing down, so everything’s OK.
This is not Canada. This is USA.
None of our politicians know what Calculus is
Ah yes, the price jounce has decreased…
The Art of the TACO.
I mean there might be some merit. The ghost writer did everything and got their name on the title. That said I’m still going to pass.
There’s always the Johnny Depp adaptation if you prefer.
I’m listening
Trump causes problems then causes more by trying to fix them.
well, he is a conman.
America: “… Fool me once, shame on…shame on you. Fool me—you can’t get fooled again.” … (weird George Bush snickering)
The arsonist saved us all by putting out his own
crimefire.
I’m sure the Argentinean cattle ranchers appreciate his efforts.
My first thought was “What fruits does Argentina export again?”
Rather beefy ones.
Hey dipshit MAGA subhumans, guess what?
spoiler
They ain’t going to lower the prices. They’re going to pocket the difference because people are already paying it. You did this. Have a merry Christmas you cockroach filth covered animals.
Oh so the tariffs aren’t making us rich?
But I thought that’s what he and his dickheads in charge said!
Oh well, I am positive all his supporters will find a way to pin this on Biden and the radical liberal left I keep hearing so much about. They just gotta wait for Fox News to tell them how to feel first.
TACO!
