What are everyone’s thoughts on the recent U.S. tariff hikes, and how can ordinary people best respond without affecting their daily lives?
What are everyone’s thoughts on the recent U.S. tariff hikes, and how can ordinary people best respond without affecting their daily lives?
Comments
Respond or survive?
It doesn’t affect my daily life. Prices go up, prices go down, gas goes up, gas goes down, stocks go up, stocks go down and I buy more.
this question is on the front page every time I refresh.
there is nothing u can do, period.
Without effecting our lives? We can’t. I liquidated most of my stocks after the election and now I’m sitting on a my own little dragon style pile of cash in a high yield account. I’m not buying anything other than the bare essentials. All my big purchases were done with the last few months before the obvious happened. Literally anyone with a brain saw this coming a mile away. Just stop spending money, full stop.
Divest your 401k from the stock market and put your cash into bonds.
Eliminate all non-essential services like cable and subscriptions.
China will most likely attack Taiwan and the US will be cut off from chips. Invest in US chipmakers like: Intel, AMD, Qualcomm, Micron, Nvidia, Broadcom, Texas Instruments, Microchip Technology, GlobalFoundries, Maxim Integrated, Xilinx, NXP Semiconductors, Onsemi, and Samsung Semiconductor.
The restaurant industry will be hit hard so consider that if you work in that industry.
Pharmaceuticals will skyrocket so plan for that and also look for opportunities with Canadian and Mexican suppliers.
Hate them. Very stressfull because I import a lot of things.
Daily life will absolutely be affected. At the very least, those outside of the top .1% will require a decrease in discretionary spending. The best you can do is prepare for a worst case scenario and increase savings before the costs of the tariffs start to hit. Less eating out, less entertainment, emphasize generics over name brands, eliminate spending on non-essential items. Unfortunately that all drives the economy into a downward spiral but it’s going to devolve into every person/family for themselves pretty quickly.
The only thing I can do is go harder on what’s still under my control… save more, spend less, make my stuff last longer and hang on to my job as long as I can. And others will be doing the same, and its recession here we come. I sure hope my old car lasts a couple more years.
Write to your Congressman to complain about the tariffs
Business as usual. Literally nothing has changed for me, besides my 401K tanking. But on the otherhand, I continue to invest as a discount. So nothing has changed.
My thought? Stupid is as stupid does and this is pretty damn stupid.
There’s a part of me that thinks our corporate overlords will jump down his throat or make some big bribes to make him stop because they’re really gonna fucked by this
Make you views known as calmly and firmly as possible to their state and congressional representatives and remind them that you will remember how they cowed like jello in the face of Trump’s assault on the economy and democracy. Until their cake jobs are under risk they will never develop a backbone.
I miss sleepy Joe. He was sleepy and lost but my account kept going up. Idgaf about pronouns or illegals. They didn’t make me poorer.
We wronged you Joe! Come back! I am tired of too much winning and I even said thank you while wearing a suit!
You think there is some way this won’t affect your daily life?
Call your senators. Call your reps. Tell them to vote for an end to the tarriffs. There are bills going through now that will take away the cheetoh’s tariff power.
That being said. There’s no way this isn’t affecting people’s lives. He’s put tariffs on everything imported. The only thing that might not have tarriffs is local produce and meats.
He’s not doing this to “get one over on our trade partners”, despite what cock gobbling russian bots at r/conservative would have you believe. He’s doing this to entirely destroy our economic power, destroy our relationship with just about every major power in the world, and wreck our global influence as our former allies cut us off and trade with other people, basically telling us to “go fuck ourselves”
Nothing will happen, don’t listen to the doomers, and carry on.
I’m going out of my way to avoid “Made in USA” products and looking for products that have the flag or name of another country.
I’ve already started making this a habit so it won’t be too hard if things stay.
I bought extra shirts, socks, underwear and am stocking up with toothpaste/etc at the rate of roughly one tube every time I’m at a store for the next few weeks so I have months (or more) supply, but it’s impossible to know everything ahead of time AND food is perishable.
“Product of Mexico / Hecho en Mexico” is pretty common, and Chinese products are usually labeled but almost nothing else is. Still, I’m looking.
Maybe someone with know-how will make an app that can scan barcodes and tell you the country or countries for the product.
In the meanwhile, I wrote to the public contact info thingies for both Canada and the EU to ask them to get their exporting companies to put little national flags (or EU flags) on labels. Neither said no, but they also said they can’t promise anything.
I’m not effected but I also don’t buy alphabet brands