mmddmm

joined 1 month ago
[–] mmddmm@lemm.ee 9 points 2 weeks ago (4 children)

The problem is that China can live very easily without American goods

A lot of it is food. They probably can, but it will not be not easy at all.

[–] mmddmm@lemm.ee 4 points 3 weeks ago

AFAIK, most low added-value products the US net exports are food. Also AFAIK, Canada mostly doesn't buy those, but the countries that do buy them won't just stop.

[–] mmddmm@lemm.ee 4 points 3 weeks ago

Well, yes, wages tend to decrease on that shift.

[–] mmddmm@lemm.ee 6 points 3 weeks ago

At least Brazil has tariffs large than that already. I doubt he will decrease them.

[–] mmddmm@lemm.ee 25 points 3 weeks ago* (last edited 3 weeks ago) (4 children)

The effects of widespread tariffs is well known.

You will lose industry that makes high added-value products, and increase the production of products with low added-value. (Most people call this "deindustrialization".)

Tariffs mostly don't impact the overall trade balance, so there's no reason to expect that one to change.

[–] mmddmm@lemm.ee 8 points 3 weeks ago

But Tesla stock is 75% hype

It has been adjusted recently, but it was around 99% (P/E of 100 times what other car companies have), so it can't be lower than some 95% now.

[–] mmddmm@lemm.ee 0 points 1 month ago

She actually has had it better than a lot of people on the last Trump administration...

[–] mmddmm@lemm.ee 4 points 1 month ago

If I had to point officially, I'd wait until this week when the Executive started to completely ignore courts.

Just because you know it will happen, it doesn't mean you can call the fact accomplished with complete certainty.

[–] mmddmm@lemm.ee 26 points 1 month ago (1 children)

Oh, right, it's because of the tariffs and not because the US immigration is arresting and torturing people at random at the borders...

Everything is because of the tariffs. Tariffs are all that is happening on the US right now, you don't have to look it up.

[–] mmddmm@lemm.ee 35 points 1 month ago (3 children)

The Migs aren't always online, controlled by a cloud.

[–] mmddmm@lemm.ee 1 points 1 month ago (1 children)

Just to ask but... both at the same water supply?

[–] mmddmm@lemm.ee 2 points 1 month ago

There are a few options to sort the topics. One of them is boosted by commenting.

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