Who Pays For The Tariffs?
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2025 is not yet over but from the way things are going, I think we've already gotten the word of the year, and it's "Tariffs" , Trump's favorite word, well his fourth favorite word after the media criticized him for saying Tariffs is his first favorite.
In 2020, the word of the year was COVID, in 2022, the word of the year was Russia-Ukraine War and now we've got everyone talking about tariffs the same way they talked about COVID and Russia.
There are people that side with Donald Trump on this decision and there are those that don't.
A recent video of Trump leaked where we saw the president in an office with a couple of billionaires, and he was talking about how much money those billionaires have made with the changes and the stock market getting shaky recently.
https://youtube.com/shorts/0q6JGKLUcCQ?si=RYlY2Jm3pWYVHlSa
Yes, he's proud of what he has done because it has further empowered and enriched his friends but what happens to the rest of the country and as a matter of fact, the entire world.
Donald Trump had a word with Tim cook, the CEO of Apple and they have made a decision to invest billions into establishing their factory in the United States which according to him, would never have happened if Trump wasn't president.
Trump had a meeting with Tim Cook and called him Tim Apple, lol.
The prospect and future benefits of the tariffs to America is undeniable. It would certainly get more companies to establish their base in America, making America more self dependent but at what cost?
I wanted to use this article to point out the obvious. Whenever a tariff is imposed on a country, it's not the foreign country that suffers but the people of the country that imposes the tariffs.
If America hits China with a Tariff, Chinese companies that export goods to America will add the Tariff fee which is basically another form of taxes, to the exported goods. After shipment and taxes, the cost of the product will rise based on how much tariff was added.
Who pays for all of that? You the final consumer. So whether you're excited about tariffs or not, everyone's going to pay for it.
America hits China with tariffs, China responds back with their own tariffs, then America raises the tariff in response to China's move, then China raises their tariffs as well. What we get, is nothing but the same products being more expensive.
The people in both nations suffer more just because of the decisions of their elected leaders. Yes, you could argue that the tariffs is going to help and you may be right in some ways but regardless of how much benefit you think it brings, the end results is always going to be the consumers paying the price.
This is a wake up call to every nation on earth. If you depend too much on one country, they can screw you over anytime.
China's analyst, Victor Gao made it very clear to Trump and America that China has been in existence for 5000 plus years and for the most part, it didn't need America to thrive. They can do without whatever benefit they get from America. And they're not afraid of America.
https://youtube.com/shorts/Xof9FwrCrsg?si=ZKVp7Yx5lqLjxw02
They say, no nation is truly fully independent to a point where they don't need other nations, and yes while that's the truth, I think it's about time for nations to seek full reliance on themselves and their people. It's the only way to guarantee that dump shit like this doesn't happen again.
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Biggest market manipulation ever?
Yes indeed it's the biggest market manipulation and I'm not surprised, it's Trump in power and besides he had years to prepare himself with his team for this moment that's why he has executed it to this level of intensity
100% the truth.
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Hey he roll backs too... many Tariff stuff he withdrew. Even with CHina he will reduce Tariff rates for getting byte dance! But yup its going to get costly. It;s not that he putting 0 tariffs, all product imports have 10% tariffs...
10 % is a lot when salary is not increasing by 10%, or it would cut down on company profit margins... both ways some recession effects are coming.
YOu know... you invoke fun things like !ALIVE !PIZZA. YOU know what Trump invokes ..
!Tariffs... got new meme idea ...
if Trump was using Hive, his favorite engagement token would be !tariffs !LOLZ, its funny na???
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@mintymile, sorry! You need more to stake more $PIZZA to use this command.
The minimum requirement is 20.0 PIZZA staked.
More $PIZZA is available from Hive-Engine or Tribaldex
Oh! That would be an interesting token. 😆
!LOLZ
!PIZZA
Well... Check and Mate ... America.
Things are not atall these simple. Most of the components used by American companies are manufactured in countries like CHina, Vietnam etc.
America has a lead in technology that powers automation, and things like google etc... that's old story but on products nah... they lag behind.
AUtomobiles, chips, AI and products other companies are there about CHinese ones... they produce components required by American automobile companies, and they got those rare precious menerals required to manufacture stuff...carbon chips and stuff...rare earth minerals.
Besides labour cost is high in USA, companies won't establish companies in USA, they go to vietnam, south korea or India where labour is cheap to invest and produce stuff.
So...trump tariffs are stupid. They based on his ego... and those tariffs are not even reciprocal, he wants to charge tariffs so USA covers off its trade deficit.
Anyway... I know a lot on this Trump Tariff coz made too many memes and content on them, because no time to do web3 much so making memes... till I get back to web3. Anyway...
I like Trump as a villain(: he does not act, or tries or pretents to be otherwise. Cool!!
Whatelse can I do but watch him like a drama unfolding.
I can't but think how Americans voted for him, in Hive, Oh trump is pro crypto so we go for him. All crypto people wanted trump to win, but this is what would happen, going along with people like Trump!!
It's good for some countries, CHina for instance. They become new superpower and will get good trading business from emerging countries!
Anyway
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