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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Subsets of middle class professionals do that as they can get better salaries (not all of them, it became more common for Argentinians than Chileans as Argentina's crisis became more dire), wealthy Chileans (those with actual patrimonial wealth) stay, but the same thing applies to European professionals who move to the US.
You can make more money in the United States, but my point was about burger and euro media cherry picking the worse. For instance only 8% of Brazilians live in favelas but a foreigner would think is like 50% judging by films and docus, that's because they go to Rio de Janeiro which is infamous favela-covered. Then you have mid sized cities with hundreds of thousands of inhabitants in the South and Southeast with barely any slums.
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Carp aevann chud caught posting "despite only being" statistics unironically
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