I can't believe how many people are trying to put a positive spin on the government imposing massive taxation on people's right to buy things from other countries.
It's easy to sneer at junk fashion from Temu or whatever, but access to cheap tools and parts was the lifeblood of hobbyists and experimenters across the country.
It's not just cheap clothes from Temu. This administration just took away your right to buy anything cheaply internationally. That's not a good thing.
I think we'll find that quite a bit of "American Exceptionalism" has been low interest borrowing. I'm not sure to what level, but I think anyone who relies on the S&P 500 as their only investment is going to be disappointed in the future decades of returns.
Probably doesn't mean anything.
Is it really that bad? Is it better to package the part in retail packaging, ship them in bulk to international warehouses, ahead of time, store them for months, then put them in a new package when someone orders them, and mail them through a local postal service.
Versus just stuffing the part in a tiny envelope and sending it directly to the customer? No re-packaging and storage required.
On the other hand, if you're thinking all opposition to the tariffs need to agree then you're deluding yourself (not trying to be antagonistic here, but it's dangerous to be blind to alternatives.)
For instance, a smaller tariff on completed Luxury goods and a removal of the Temu exception could've easily been the play and potentially could've been done without much fanfare (by someone who wasn't Trump obviously)
I think ending the pipeline of landfill fodder from Temu is a great thing. That kind of consumerism is like eating a diet of pure sugar. Feels good for a second, but bad for the consumer, environment and economy.
Do you know who made the Chinese made goods thing a reality? People from Ohio, West Virginia, Indiana etc. People went into a store, saw the cheaper item, often inferior Chinese item on the shelf and bought it instead of the domestically produced item, even the stuff that said "Designed in America, Made in China". They did this because it was cheaper.
I think you're mistaken if you think some external force "did this to us".
We all do it, some items are just not worth the exuberant price tag, especially if you're only going to use something occasionally.
At least from my observation, the balance was actually not so bad in the last 5 years or so, plenty of good American options available and cheaper Chinese stuff when that was appropriate. I think America will be worse off from this because the cost of so many things will be way higher now, DIY for example will be off the table for a lot of people. The cost of a drill will become ridiculous, for example.
I think ending the pipeline of landfill fodder from Temu is a great thing. That kind of consumerism is like eating a diet of pure sugar. Feels good for a second, but bad for the consumer, environment and economy.
There would've been other ways to go about solving the environmental impacts of Temu than this. In my opinion.
If we wished upon a star that humans were better a lot of problems would go away. In the real world, poor people will make do and those with resources will buy smuggled goods. I’m already diverting a spring skiing trip to Canada because it’s cheaper to buy kit there than here.
People will just do less, become more poor and have less opportunities or work around the system by smuggling things from Canada or something.
I mean you're entire premise is not great at all. Capitalistic markets require competition to work. The US itself has mostly given up on 'competitive product' competition and instead fight each other with buyouts and other financial funding means.
Kicking China out of the market will just make our goods more expensive and people will do less and become more poor while the investor class gets a little bit richer.
There is absolutely no way people with money just choose to pay more for goods, it just doesn't happen. People with money are shrewd.
People choose to buy cheaper because they can get more with their money. It's really as simple as that.
I personally buy Patagonia clothing for all sorts of reasons, but I could still get a somewhat comparable jacket for 1/5th or less of their stuff. Most people just buy a down jacket from uniqlo even though they could afford to buy from Patagonia.
Are there any friendly nations left?
From Trump POV: Ruzzia
But honestly I doubt China would just enable Russia develop and produce own CPUs. When it's comes to chinese everything they never localized production in Russia: heavy machinery, cars, electronics, etc. They are main benefactors of Russia not having own anything.
I think you'd be surprised at the quality
Reddit is full of horror stories about everything. Mostly because it gets eyeballs. I’m open—almost receptive—to the claim that Temu jewellery contains significant quantities of toxic materials. But we should hold ourselves to a higher standard than Reddit comments.
Could be some raw materials, the machines that make it, or the packaging. Now everything is going to be massively more expensive and it's going to have impacts even on domestically manufactured goods.
There's also the substitution effect, where heavy tariffs on one thing will increase demand on substitutes and therefore raise their prices.
It's really bad policy all around. Nobody who has any familiarity with manufacturing thinks it's going to encourage more domestic manufacturing because the tariffs suddenly restricted your ability to buy inputs and machines at reasonable prices. You're better off building a factory in another country to service global demand.
Now everything he needs from them to keep his factory going is going to be ridiculously more expensive, probably screwing over his business as well.
This factory wouldn't have got off the ground if it wasn't for Chinese made machines.
Try to buy some nicer jeans or T-shirts. The choices are stuff made as cheaply as possible, brand name stuff made as cheaply as possible but marked up like it isn’t, and actual quality clothes at 15x the price of the cheapest stuff. Most of the US clothing manufacturers have pivoted to the high-end just to survive or moved production overseas and are coasting along on their brand reputation.
How are the tariffs going to change this? The incentive for the US clothing manufacturers now is to offer the lowest quality possible, at a similar but slightly lower prices than the tariffed prices.