What impact do you think it will have on you?
Are there critical items to purchase now that will be too expensive to afford next year?
Are you changing your savings or investments?
Somebody should make a website that tracks prices on goods and other items from the day Trump becomes president and throughout his term.
He said he would lower prices. His politics says the opposite. Let's see.
Well, yeah, but he's made it a big part of his campaign. In reality somebody should make a list of ALL promises they make, and then see who's trustworthy.
That’s the Consumer Price Index.
There’s also the related Producer Price Index which unfortunately does not include tariffs but will be interesting to watch.
probably would only work well if backed by a browser extension, camelcamelcamel is nice but IDK what covers local prices for grocery stores.
Tariffs amount to a higher inflation rate / a regressive tax, as they will not subsidize local industry to any significant level. You will not see wage increases or more jobs from it. Probably the opposite.
This will be a quantitative change, it will look like 2022-2024 but with a higher effective inflation rate, translating into a transfer of wealth from the poor to the rich.
More people will experience what it's like to earn 10-20% less money and have fewer job prospects. One would hope that this teaches humility and solidarity, but in a country that only knows how to punch left, that will be an uphill battle that must nevertheless be fought.
the most expensive item I own is a bicycle and I've never had savings. i'm already $30k+ in debt so whatever
Moved forward large purchases that cannot be delayed 5 years.
I am not changing my investments. My predictions on market impacts tend to be wrong. The stock market and the economy are not the same thing (market can be up during recession).
I am working to get healthier and update vaccinations. I don't know what is coming but being able to run, climb, and lift are versatile.
im not, none of that shit is going to happen
Death to America
It will be interesting to see what happens for sure. It’s hard to imagine there will actually be the tariff + removal of income tax proposal that trump said he would do. I’m not sure any democrat will go for it, so Trump won’t be able to do it if there are any republican defectors in congress, and at least some of them prob won’t do it as it they realize it will destroy the pocketbooks of their donors.
I'm lookin into and learning more about mini greenhouses and how/what is easy to start growing. If i am successful i want to show others in my town how to break some of kroger's grip cuz shit's getting real out here. It feels like something im maybe capable of, so i guess I'm starting by pretending i can.
there is nothing I could possibly do that would alter how much it affects me unless I suddenly got a lot wealthier
Gettin into mycology. Oyster mushrooms are a good meat substitute, and easy to grow
Upping my smelting and casting game to start producing gears and gear-based machinery
I'd mostly just be shocked a politician followed through on campaign promises
