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Joined 2 years ago
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Cake day: June 14th, 2023

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  • Yes, because the tariffs already indirectly bind the hands of the Fed. Besides a bit of QT (which doesnt really help because of massive deficit), they can neither raise, nor lower rates without causing a big fire as long as the tariffs are in place, but the situation is getting worse by the day, and reality will soon hit like an empty truck.

    And honestly, because of this massive shift in distrust in the US market, even backtracking all tariffs to zero would likely not work anymore.

    And the most ironic thing is that due to inflation, even when everything goes back to the way it was before trump (it won’t), the US will end up with a bigger trade deficit than before, because the loss of value of the dollar.









  • The U.S. lacks the production capacity to meet domestic demand for steel and aluminum, else imports wouldn’t be necessary. I.e. domestic aluminum only covered about 15% of demand in 2024

    With a 50% tariff, businesses relying on these materials will still have to import, but at much higher costs.

    Trump believes this will boost domestic production, and even if that was true it would take years. However, in reality, it will likely reduce consumption due to skyrocketing prices, leading to lower demand, layoffs, and eventually recession.

    The 1920s are calling.




  • schema@lemmy.worldtoTechnology@lemmy.world*deleted by creator*
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    4 months ago

    It was wild how spineless most of them were when the API stuff happened, and it showed how attached they are to their little bubble of power.

    And some of them acted even more pathetic with virtue signaling.

    Like the r/de mods allowed memes for a full week in “protest”. Such rebels… they sure showed spez with that one…