this post was submitted on 07 Nov 2024
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Some companies have already said they're going to pass the extra cost onto consumers, so while the companies will pay more, they'll make a lot of that back from the consumers that can still afford the products.
Electronics will probably be the hardest hit, with prices of cell phones, laptops, and game consoles increasing quite a bit.
Medical devices too.
Low inflation statistics have been helped significantly by cheaper electronics. So everybody who voted Trump to lower inflation is in for a surprise.
especially seeing how trump intends to treat Taiwan, home to TSMC
They'll find a way to blame everyone else when all the Chineseium junk on amazon suddenly isn't so cheap.
Good thing I got a new computer now. They'll just blame democrats (who do have a lot to blame for not countering the bullshit of the Republicans over the past 45 years) for it and insist that the tariffs would have brought prices down if they were done without democratic interference...