this post was submitted on 07 Jan 2025
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There's gonna be as many tariffs as there were walls that got built and paid for by Mexico.
Not because it's bad for the American people.
It's because the same people in congress who would install tariffs are making hundreds of millions hand over first on insider trading stocks. They aren't gonna fuck up the gravy train for Trumps dumb ass campaign ramblings.
Maybe. There's not much precedent for what's coming - Trump is FAR more influential to the GOP than he was in his first term. I certainly hope that nobody will be able to get anything done, but I'm also not counting on it.
Unfortunately Trump can unilaterally impose tariffs in a lot of cases. That's why the price of olive oil soared in his first term.
He was free wheeling yolo the first term. This time he has masters he needs to obey. Elon for one ain't allow tariffs on any electronics he needs for ai or hours cars. Nvidia should be safe.