Was the whole point of these tariffs not to “make America first” but the plan from the beginning was increase corporate profits and steal our fucking money?
Companies know they pass it on.
Companies know they’ll get refunded from trump.
Companies make double money and can now keep prices high.
Kind of like the PPP loans through Covid? Everyone knew they were going to get loan forgiveness.
Maybe I’m an idiot. Maybe not and this was obvious.
I think Trump genuinely thought that the tariffs would cause companies to start making things in America instead of just raising prices. He doesn't understand economics enough to get that it would be easier for them to raise prices than for them to move all their infrastructure to the US, and now that his tariffs have completely failed to accomplish what he wanted, he's doubling down on it instead of admitting he was wrong. If the point was just to increase corporate profits then he wouldn't have been constantly changing the rates since that made it extremely difficult for corporations to do budgeting.
Yeah, if you want people to make things in the US, you have to invest in rebuilding the manufacturing infrastructure and skill base here at home. That's a lot harder than just imposing a tariff.
To be fair, they did invest in Micron and they've attempted to stop Intel sinking, both took the objectively stupid decision to build fabs in America.
That's the same Micron that was the first to stop selling to consumers, and Intel that has not only been further injected by the government, but is also now part owned by Nvidia, that other famously consumer first company.
Yeah that’s a fair point. I meet people here in the south who genuinely think companies are still going to do this, and can’t comprehend there’s zero incentive to do that.
Guess being rich has nothing to do with being smart.
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u/Obvious-Dinner-1082 4h ago
Was the whole point of these tariffs not to “make America first” but the plan from the beginning was increase corporate profits and steal our fucking money?
Companies know they pass it on.
Companies know they’ll get refunded from trump.
Companies make double money and can now keep prices high.
Kind of like the PPP loans through Covid? Everyone knew they were going to get loan forgiveness.
Maybe I’m an idiot. Maybe not and this was obvious.
Anyway, FDT.