I mean everything we buy from clothes to coffee to vehicle repairs will rise. Everything we touch in America for the most part is imported. Even American made vehicles have imported parts.
Your GenZ iPad kid will be head and shoulders above all the Gen Alpha kids who CheatGPT’d their way to adult life. They’re prime and ready for a lower management position at the future Louisiana iPhone factory they will be working 16 hours shifts at without air conditioning
Things will be more expensive, the benefits of our society will dissapear, you wont be able to afford your own home, etc. If you dont have a few thousand squirreled away in savings your fucked.
It will be yet another strip mining of working class wealth to line the pockets of the 1% who have the resources to ride out the storm and buy when everyone else has to sell.
Well one possible outcome is that we are all about to become much poorer and soon the only way to afford a place to live will be in Chinese styled apartments for us factory workers where the rent is either part of your wage or automatically deducted from your pay.
Here in Scotland, I have come to the conclusion that now that we know the pound sterling has tanked and gone through the floor, and is worth nothing, that means we are, in effect, paying nothing for our food at the supermarkets, and that it means, we are under no obligation to hand over money to pay for “luxuries” such as food and clothing anymore, because, when we hand over our cash, which has no value, this means we are, in effect paying nothing anyway. Interested in the thoughts of other people here on this issue.
Read the journals of those who lived through previous depressions. Nobody ever thinks it will get as bad as it does. They think they’ll hit some hard times and weather it, but then you get to the part where they’re eating their shoes because the hunger is so overwhelming.
I’m not saying this is guaranteed to be our future, but it’s absolutely in the cards now for the USA for the first time since the 30s. I don’t think people have quite grasped that this was the largest trade upset in human history. It’s not unreasonable to sound every alarm we have and shout “the sky is falling.” This is genuinely an economic apocalypse.
Depends on how much disposable income you have. Most people don’t have savings and can’t weather a surprise $500 bill, being asked to foot another $8,000 to $15,000 a year for the same products will break a lot of people. I worry most of all for people’s jobs, and their ability to pay for food, healthcare, and housing.
In actual fact in the short term (next few months) outside of USA, prices may go down, as all the stuff that was going to USA goes elsewhere at cheaper prices.
Fuel is going down so that will be cheaper but its only going down because a lot of people are expecting a recession both in the USA & world.
Medium term a year or so, everyone starts to feel the bad effects, job may be at risk, prices rise etc…
Long term, full worldwide recession, all peasants worse off, life even more miserable.
While those with assets are watching their investments, 401ks, etc, go into freefall…day to day that doesn’t actually affect them very much. If they can hold eventually they will bounce back, though it might take approximately 5-10 years.
For everyone costs of goods are going to go up and shortages are going to happen. It’s going to suck a lot more if you already are having trouble affording things. You also might think that some goods won’t be affected because nothing comes from overseas buuut the thing that the administration and a lot of people don’t get is how deep the supply chain goes.
Look at corn. Yeah, corn. Arguably the thing the US is the best at producing, and we produce it all domestically. You need fuel to make corn. Ok, well we produce most of that domestically too. Except components in our refineries come from China. And components in the tractors. And the drones used to monitor field health and target watering, pest control, etc. And some of the chemicals used for the fertilizer. Tariffs on China could drive up the cost of corn.
So in essence literally everything in the US is going to become more expensive, and as the market falls companies are going to start doing layoffs. This is going to be the worst for people living paycheck to paycheck.
We pay more for crap.. I could explain economics pretty all costs of business eventually get passed down to us in some form… but in the end we just pay more for everything roughly 50% of the population got suckered into voting for a man child as a president.
Jesus….one of my funds has gone down by 12,000.00. I have a house but not that much in savings. Groceries are unbelievable and I don’t buy meat except ground turkey for my dogs. I have an older car that if I get in an accident it will be totaled and I’ll have to get a new one….this would tank that small amount of savings. I just don’t buy anything but groceries anymore.
Hurt us like usual. And if they happen to bring manufacturing here they will find a way to automate it so they won’t have to pay the American worker again. This world is fucked
I saw people praising gas prices supposedly going down (it’s gone up in my area). But I don’t know how gas is going to feed me though. Cheap gas is great but gas could go down to $1 a gallon and it still wouldn’t solve the problem of food being ridiculously expensive now. I have a roof over my head and I have it a lot better than the average homeless person and I find myself wondering if I suffer enough to justify going to a food bank. I eat one meal a day, can’t do more than that because that would just be a luxurious waste of food that I could stretch further.
Walmart is the major employer in quite a few red states and just recently forecasted caution for their future business numbers.
Many of the people that wanted this administration to hurt the people that need hurting are going to… Nah, they won’t reflect on shit. They’d rather die on a hill of their own excrement than admit they believed a conman and robbed of their livelihood and future.
Remember how the cost of living sharply raised in recent years making it harder to make ends meet? Well you’re not gonna believe this but almost everything is about to get more expensive again.
It’s gonna hurt lol. The costs of the tariffs that a corporation should pay will get passed onto us consumers via raised prices. Probably gonna see more layoffs so they can “maintain” profits. I’m hoping we don’t see a recession but realistically that’s where we are headed so
I’ll tell you what I’m going out and stocking up on my spiced chia….if I gotta watch this all burn down I’m gonna have a nice cup of tea while it happens.
Cheap manufactured goods from China is over. You now need to take out a second mortgage to buy a dishwasher. There is no cheap clothes section at Walmart anymore. As a matter of fact, nearly everything at Walmart spikes dramatically in price. The cost of housing continues to rise as even more barriers to production are added in the form of tariffs on building materials. Food becomes more expensive because fertilizer from Canada spikes in price. Basically every thing you buy as a poor person becomes much much more expensive. Poor people will be squeezed to death if the tariffs don’t come down.
Poverty and strife the likes of which have not been seen since the Great Depression, and it will very likely be significantly worse than the Great Depression
Depends on the total results, potentials involve anything from a rise in costs with no benefit, to a rise in costs with a rise in jobs.
Odds are that you will feel some pain, and it also depends which peasant a person is and their state in things.
Peasantry often suffer from price lag. Let’s say that it’s year 1, and on year 1 you get a bump in pay in your category. Let’s say before you couldn’t afford to go to the movies more than once every 6 months. With the year 1 pay bump, the price of most things haven’t caught up, because you’re on the forefront of inflation.
Your pay bump isn’t real, but feels real. Due to lag. So suddenly you can pay your bills and go to the movies once a month.
Now it’s year 3 and you realistically can only go to the movies once ever 2 months but keep going every month, but it’s tight.
Now it’s year 4 and you have to start only going to the movies once every 3 months, you’ll think you’re going broke. But really you’re even still ahead.
In the current world we run on things like borderline slave labor, so we all go to the movies every month. But if we fix some issues then we are going to lose “quality of life” in not being able to go so often.
But it could help the overall situation among others.
Except if it’s handled badly, it could result in the former without the latter.
On Avg, you will be paying 4K more a year on goods as the dollar loses value…aka find a job that pays the most, screw everything else and hope you get by and save a little.
You’ll be lucky to afford food, much less a place to rent, and you’ll be telling people on Reddit on a 10 year old computer how lucky you are to be working a job that respects your work life balance by only requiring 80 hour work weeks.
Everything will be more expensive, some things only 20% other things maybe 200%
Some of the small companies will go under, as they cannot bear the extra stress of tariffs cost increase.
Foreign investors will avoid the USA and companies within USA will expand outside of USA instead of building new shit in a closed market.
The few industries that are profitable enough will get new manufacturing plants and factories within few months or an year.
What rest of the world will experience:
Temporary disturbance of the market, until new trade deals are made to replace the ones everyone had with USA
Some items become a percentage or few more expensive.
Have to deal with Donald Trumps nonsense and watch from afar what comes of USA, will it become 2nd Russia or will it just simply self destruct or something else.
Comments
The poor folks just getting by as it is can’t afford day to day goods getting price hikes of 20% or more. They’re fucked.
I mean everything we buy from clothes to coffee to vehicle repairs will rise. Everything we touch in America for the most part is imported. Even American made vehicles have imported parts.
Gonna have to get a second job to pay for food probably at the farm where it comes from bc people who did that job got sent away by ice
The wealthy lose invisible money/assets, while the rest lose tangible things and suffer drops in QoL.
Current raising grocery costs alone should tell you your answer.
Have a 401k? You better go check that….
Don’t worry guys, the Fed will bail out the billionaires like they did during covid and we will all get a stimulus check.
You will work until you die and own nothing.
In almost all way.
Tarrifs are added on import. Huge amounts of things are either directly imported, or manufacturerd with components that have been imported.
Even if its things that aren’t imported themselves (food for instance) they may be processed using machinery that is imported.
Companies don’t want to make less profit so all costs will be passed along to consumers.
That’s before you even get into generalised inflation.
TL;DR look forward to increased prices across the board.
If you want an iPhone, you’re going to probably need 3k to 5k for the base model instead of about 1k
Your GenZ iPad kid will be head and shoulders above all the Gen Alpha kids who CheatGPT’d their way to adult life. They’re prime and ready for a lower management position at the future Louisiana iPhone factory they will be working 16 hours shifts at without air conditioning
Things will be more expensive, the benefits of our society will dissapear, you wont be able to afford your own home, etc. If you dont have a few thousand squirreled away in savings your fucked.
It will be yet another strip mining of working class wealth to line the pockets of the 1% who have the resources to ride out the storm and buy when everyone else has to sell.
Like it always does…….in the shorts peon…..in the shorts.
Have u ever been alien abducted…?
Well one possible outcome is that we are all about to become much poorer and soon the only way to afford a place to live will be in Chinese styled apartments for us factory workers where the rent is either part of your wage or automatically deducted from your pay.
Bigly
Here in Scotland, I have come to the conclusion that now that we know the pound sterling has tanked and gone through the floor, and is worth nothing, that means we are, in effect, paying nothing for our food at the supermarkets, and that it means, we are under no obligation to hand over money to pay for “luxuries” such as food and clothing anymore, because, when we hand over our cash, which has no value, this means we are, in effect paying nothing anyway. Interested in the thoughts of other people here on this issue.
It’s like Trump is giving us a huge pay cut every time he raises the tariff numbers.
Avocado Toast will come with Bottle Service and sparklers!
My popcorn purchases will skyrocket from watching the US crash and burn. Also: it will suck for everyone.
Poorly
Necessities get more expensive. Luxuries are for the upper class only.
Read the journals of those who lived through previous depressions. Nobody ever thinks it will get as bad as it does. They think they’ll hit some hard times and weather it, but then you get to the part where they’re eating their shoes because the hunger is so overwhelming.
I’m not saying this is guaranteed to be our future, but it’s absolutely in the cards now for the USA for the first time since the 30s. I don’t think people have quite grasped that this was the largest trade upset in human history. It’s not unreasonable to sound every alarm we have and shout “the sky is falling.” This is genuinely an economic apocalypse.
Depends on how much disposable income you have. Most people don’t have savings and can’t weather a surprise $500 bill, being asked to foot another $8,000 to $15,000 a year for the same products will break a lot of people. I worry most of all for people’s jobs, and their ability to pay for food, healthcare, and housing.
It depends where you live.
In actual fact in the short term (next few months) outside of USA, prices may go down, as all the stuff that was going to USA goes elsewhere at cheaper prices.
Fuel is going down so that will be cheaper but its only going down because a lot of people are expecting a recession both in the USA & world.
Medium term a year or so, everyone starts to feel the bad effects, job may be at risk, prices rise etc…
Long term, full worldwide recession, all peasants worse off, life even more miserable.
All that assumes everything stays as it is now,
While those with assets are watching their investments, 401ks, etc, go into freefall…day to day that doesn’t actually affect them very much. If they can hold eventually they will bounce back, though it might take approximately 5-10 years.
For everyone costs of goods are going to go up and shortages are going to happen. It’s going to suck a lot more if you already are having trouble affording things. You also might think that some goods won’t be affected because nothing comes from overseas buuut the thing that the administration and a lot of people don’t get is how deep the supply chain goes.
Look at corn. Yeah, corn. Arguably the thing the US is the best at producing, and we produce it all domestically. You need fuel to make corn. Ok, well we produce most of that domestically too. Except components in our refineries come from China. And components in the tractors. And the drones used to monitor field health and target watering, pest control, etc. And some of the chemicals used for the fertilizer. Tariffs on China could drive up the cost of corn.
So in essence literally everything in the US is going to become more expensive, and as the market falls companies are going to start doing layoffs. This is going to be the worst for people living paycheck to paycheck.
We pay more for crap.. I could explain economics pretty all costs of business eventually get passed down to us in some form… but in the end we just pay more for everything roughly 50% of the population got suckered into voting for a man child as a president.
Jesus….one of my funds has gone down by 12,000.00. I have a house but not that much in savings. Groceries are unbelievable and I don’t buy meat except ground turkey for my dogs. I have an older car that if I get in an accident it will be totaled and I’ll have to get a new one….this would tank that small amount of savings. I just don’t buy anything but groceries anymore.
Hurt us like usual. And if they happen to bring manufacturing here they will find a way to automate it so they won’t have to pay the American worker again. This world is fucked
I saw people praising gas prices supposedly going down (it’s gone up in my area). But I don’t know how gas is going to feed me though. Cheap gas is great but gas could go down to $1 a gallon and it still wouldn’t solve the problem of food being ridiculously expensive now. I have a roof over my head and I have it a lot better than the average homeless person and I find myself wondering if I suffer enough to justify going to a food bank. I eat one meal a day, can’t do more than that because that would just be a luxurious waste of food that I could stretch further.
Depends, have you missed 3 meals yet?
You in danger girl
Yeah, they’ll just put the taxes on the end consumers. Some percentage of them for sure, but in some years we’ll manage as we always do
Walmart is the major employer in quite a few red states and just recently forecasted caution for their future business numbers.
Many of the people that wanted this administration to hurt the people that need hurting are going to… Nah, they won’t reflect on shit. They’d rather die on a hill of their own excrement than admit they believed a conman and robbed of their livelihood and future.
My Grandpa lived through the depression. It sounds like we’ll get a chance to do the same.
Remember how the cost of living sharply raised in recent years making it harder to make ends meet? Well you’re not gonna believe this but almost everything is about to get more expensive again.
It’s gonna hurt lol. The costs of the tariffs that a corporation should pay will get passed onto us consumers via raised prices. Probably gonna see more layoffs so they can “maintain” profits. I’m hoping we don’t see a recession but realistically that’s where we are headed so
I’ll tell you what I’m going out and stocking up on my spiced chia….if I gotta watch this all burn down I’m gonna have a nice cup of tea while it happens.
Cheap manufactured goods from China is over. You now need to take out a second mortgage to buy a dishwasher. There is no cheap clothes section at Walmart anymore. As a matter of fact, nearly everything at Walmart spikes dramatically in price. The cost of housing continues to rise as even more barriers to production are added in the form of tariffs on building materials. Food becomes more expensive because fertilizer from Canada spikes in price. Basically every thing you buy as a poor person becomes much much more expensive. Poor people will be squeezed to death if the tariffs don’t come down.
Poverty and strife the likes of which have not been seen since the Great Depression, and it will very likely be significantly worse than the Great Depression
Probably bad, peas will be harder to find so you will need to forage farther away.
Depends on the total results, potentials involve anything from a rise in costs with no benefit, to a rise in costs with a rise in jobs.
Odds are that you will feel some pain, and it also depends which peasant a person is and their state in things.
Peasantry often suffer from price lag. Let’s say that it’s year 1, and on year 1 you get a bump in pay in your category. Let’s say before you couldn’t afford to go to the movies more than once every 6 months. With the year 1 pay bump, the price of most things haven’t caught up, because you’re on the forefront of inflation.
Your pay bump isn’t real, but feels real. Due to lag. So suddenly you can pay your bills and go to the movies once a month.
Now it’s year 3 and you realistically can only go to the movies once ever 2 months but keep going every month, but it’s tight.
Now it’s year 4 and you have to start only going to the movies once every 3 months, you’ll think you’re going broke. But really you’re even still ahead.
In the current world we run on things like borderline slave labor, so we all go to the movies every month. But if we fix some issues then we are going to lose “quality of life” in not being able to go so often.
But it could help the overall situation among others.
Except if it’s handled badly, it could result in the former without the latter.
i see hoarding and scalping. and dead people.
On Avg, you will be paying 4K more a year on goods as the dollar loses value…aka find a job that pays the most, screw everything else and hope you get by and save a little.
You’ll be lucky to afford food, much less a place to rent, and you’ll be telling people on Reddit on a 10 year old computer how lucky you are to be working a job that respects your work life balance by only requiring 80 hour work weeks.
You guys are nuts.
It may get better at some point. Only after there’s some kind of compromise or a way for Trump to save face.
Inside the USA:
What rest of the world will experience: