4 ms·
If this isn’t immediately repealed, I wonder how it will affect consumers behaviors in the long term. It feels like consumerism is a habit, and if you break the
by abracadaniel 2y ago
If this isn’t immediately repealed, I wonder how it will affect consumers behaviors in the long term. It feels like consumerism is a habit, and if you break the habit it might not be so easy to get people started again.
- linsomniac 2y agoI agree. I'm also interested to see if it actually increases "made in America" goods and whether it has any unintended consequences. One guy was talking about mini excavators he was buying from China for $8K. The equivalent American brand was over $40K. Prices of the American brands could go up due to foreign components (which won't immediately have manufacturing capacity here, and will likely be even more expensive), 10% would bring it up to $44K. Meanwhile even a 100% tariff on the $8K import would "only" put it at $16K. The people buying the $8K ones aren't going to start buying $44K versions, they'll still buy the import most likely. Meanwhile, it could be that some $40K buyers move to the $16K import, decreasing sales of the American version. And on top of it all, retaliatory tariffs from other countries could decrease exports of the American product, reducing sales even further.
- abracadaniel 2y agoReminds me of the situation the US car manufacturers have been facing. If you ignore the rest of the world, then you get left behind and no one overseas buys your products anymore. You effectively cut yourself off from the majority of your customers.
- linotype 2y agoIt might be worth us all looking at what impact the Great Depression had on consumption patterns (and repairing things that break instead of replacing them) of that generation.