Turkey did this and the value of their currency halved in value per year for two consecutive years. Imagine if in 2 years a dollar became worth only 50 cents and then a quarter. Everything would cost four times more and, if wages didn’t keep up, there would be a revolution (or at least I’d hope so).

Eggs at $32/dozen. One can only dream.

You’re likely vastly overestimating their understanding of inflation. For many of them it came down to “China pays for it!” and they have no further knowledge or insight beyond that.

Yes, China pays for it, just like Mexico paid for the wall 🙄.

His rationale is to slowly bring that production back to the US. Can the US even make enough steel to meet its demand domestically?

The theory is that it’ll hurt for 5 to 10 years but be economically beneficial in the long run.

Skibidi represents every generation raised in the brain rot of the algorithm so Gen Z onwards.

One thing I despise about the US (gun violence and healthcare inequitability aside) is how it measures the value of everything in money.

It’s culture is a commodification machine. Nothing can just be beautiful for the sake of being beautiful, it has to be made into a side hustle somehow.

Most Americans are married to their jobs and have little work life balance relative to Canadians and Europeans.

There is a remarkable amount of mental gymnastics done by people trying to gaslight themselves into thinking this is what they want, even though most would be happier and healthier with more time off.

Theres a reason why he isn’t making the same threats against Mexico.

There’s a reason he wants to resettle Palestinians before redeveloping Gaza.

Interesting that the “quality” of the refugee suddenly doesn’t matter if they’re white.

Gen X is a mixed bag when it comes to this but most I’ve come across are more like Boomers than Millenials on this.

Canadians and honestly most of the world hate American healthcare and gun laws.

Exactly, theres no way this triggers WW3 unless Canada starts working more closely with China immediately and even then it’s unlikely China goes to bat for Canada. Western countries have gotten way too comfortable with the US.

Netanyahu is Jewish Hitler.

I mean if you’re going to dog on minorities then you gotta dog on the white people he has majority support from.

He’s trying to incentivize domestic manufacturing by disincentivizing foreign imports.

The problem is he hasn’t promised any meaningful investment in domestic manufacturing except for a massive half a trillion dollar investment in AI.

For example, all shoes are made in foreign countries where labor costs are lower. The machinery to make shoes locally is scant if nonexistant. There were no investments made to offset this.

Nike and Adidas have said prices may go up by up to 100%. You have to inventivize these companies to make product locally otherwise they’re going to find the cheapest option which is either trafficking it through a non tariffed country or passing the cost on to the consumer. They have a duty to their shareholders (the great American ethos) after all.

Oh so this is just layperson’s math on the back of a napkin. Thanks for clarifying.

Trump and his ilk are trying to spread the idea that the US doesn’t have to buy the $482 billion worth of goods ans services from Canada and its doing so essentially as a ‘favor’.

Canada does not have the systems in place to sell to the rest of the world efficiently, especially oil. Which is part of why the Canadian economy is more dependent on the US than vice versa.

It looks like ~20% of the $482 billion figure you’ve cited is oil which the US could reasonably procure from elsewhere, even domestically, if there was a will to do so. Especially considering that Western Canada Select is high in sulfur and needs more refinement, making it less valuable on the global market.

Source? Does this include energy / oil or only consumer goods?

*soon to be former superpower

Same. No one wipes a kids ass for 2.5 years to be spoken to like that. I get kids and teenagers are a little rough around the edges but this sounds like a grown adult.

This might be too complicated for the average consumer at CVS, which tends to skew towards an older demographic.

Colonialism is essentially theft with a pretty red ribbon on top to make it look good so we can all unequivocally say fuck colonialism.

But my point is beyond that. It’s that the progress that’s been achieved through those ideas you’re celebrating was predicated on theft from and suffering of people in developing countries. In a sense those in developing countries have an ownership stake in Western industrialization and China is the first previously developing nation that’s coming to take back what is, in part, theirs. The West needs to come to terms with the fact that they won’t be the last to do so.

It seems to consistently throw a WebAssembly is not defined error.