This is going to have hilariously predictable consequences.
Prices will fall for things we produce & prices will climb for things we don't. When Trump had a much smaller trade war in 2018 the price of corn fell by 20% over 2 months because countervailing tarrifs and it wasn't until Rona that they recovered.
Futures started pricing this in on Friday (all grains were down, meat was up) but Monday is going to be fun. Anyone who owns a farm in the US and isn't a corp who can hedge this is fricked.
First consumer price to see movement is going to be onions as they don't have a futures market. Anything that's harvest to supermarket in days-weeks will be next, anything that gets sprayed with water/is refrigerated.
We are also going to see next week if congress are going to hide in the corner while their authority is being usurped or not. POTUS doesn't have authority to do tarrifs like this absent a declaration of war.
Edit: Canada have already announced countervailing tarrifs. https://globalnews.ca/news/10992959/donald-trump-tariffs-canada-feb-1/ waiting for the schedule and hoping they are troll enough to stick 100% on Teslas for the lulz.
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For all of Biden's presidency, I sat next to three MAGA boomers at work who would constantly quip about Biden's mental decline, age, DEI hires etc.
I never said anything the entire time, mostly because there was actual concerns about Biden. It was just more annoying to hear boomer blame Biden for gas prices.
Now I get to do it back.
I'm excited to see when grocery prices and gas prices actually increase fast. Now I get to make my quips at Trump.
I expect to be in the HR office within 3 weeks. Boomers often struggle to take the heat. I bet they'll still blame Biden/Obama for the tariffs.
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You know it's coming. I'd be happy at the schadenfreude, but even while I will be very safe and comfortable, so many innocent unfortunates will be caught in the wake of this buffoon.
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Bro, you do know that Biden kept Trump's tariffs in place, right?
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He kept targeted tariffs to things that we can produce domestically. Not random shit like food, from Canada and Mexico.
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mexican food is cheap and shit. frick them. and no one even eats vegetables lol
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I do
I LOVE vegetables
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ur blood is prolly like 20% round up
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i dont use roundup
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if u only eat vegetables u plant then thats the exception, but eating store bought or farm vegetables is turrible 99% pestos
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every other year I have to use sevin dust on something
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Oof, bb
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Quit petting me, @Grue! I'm fine.
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Here's how trump is gonna crash the economy for the 40th time (for real this time though)
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The walls are closing in
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