• TomMasz@piefed.social
    link
    fedilink
    English
    arrow-up
    105
    ·
    3 months ago

    As predicted by everyone but Trump. One thing you learn in a capitalist society is that no company ever “passes the savings on to you.”

    • Dr. Moose@lemmy.world
      link
      fedilink
      English
      arrow-up
      19
      ·
      3 months ago

      The corporations - duuuh.

      Everyone knows that corporations are only interested in increasing quarter to quarter revenue to satisfy share holders so they will happily stop doing all that and instead - take a hit and start decade long r&d and reinvent their production locally to avoid raising prices.

      /s in case it was not obvious.

  • Cnote5@lemmy.world
    link
    fedilink
    arrow-up
    42
    ·
    3 months ago

    “…only about 4% of the tariff burden is shouldered by foreign firms, with a “near-complete” pass-through of 96% to US buyers…”

  • slothrop@lemmy.ca
    link
    fedilink
    English
    arrow-up
    40
    arrow-down
    1
    ·
    3 months ago

    Study confirms what everyone with a single functioning brain cell knew.
    Soon to be dismissed as fake.

  • ThePowerOfGeek@lemmy.world
    link
    fedilink
    English
    arrow-up
    23
    ·
    edit-2
    3 months ago

    “Some of you will lose a lot of money and starve. But that’s a sacrifice I’m willing to make!” -Trump

  • Typhoon@lemmy.ca
    link
    fedilink
    arrow-up
    11
    ·
    3 months ago

    The headline could’ve read “tax paid by the people who buy things”

    Shocking news

  • baguette@piefed.social
    link
    fedilink
    English
    arrow-up
    8
    ·
    3 months ago

    While US citizens pay for the tariffs, it may well hurt producers of imported goods.

    “The adjustment occurs through reduced trade volumes , not price concessions,” according to the Kiel paper. “Given the choice between maintaining margins on reduced sales or slashing margins to maintain volume, most exporters apparently prefer the former.

  • frustrated_phagocytosis@fedia.io
    link
    fedilink
    arrow-up
    6
    ·
    3 months ago

    Which is why I am glad he’s using them in the Greenland snatching plan. Go ahead, punish the population you need to do the snatching for you.