U.S. President-elect Donald Trump pledged Monday to quickly impose tariffs on China, Mexico and Canada – the country’s top three trade partners – raising the prospect of trade wars and higher prices for U.S. consumers.

  • shortwavesurfer@lemmy.zip
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    59 minutes ago

    really depends on what Mexico and China etc decide to do. For example if China were to print 25% more of their currency then there would be no effect on US consumers but Chinese citizens would get some more inflation. Considering the state of the Chinese economy at the moment, that’s not out of the realm of possibility.

  • Blackout@fedia.io
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    3 hours ago

    Could Biden give them a -25% tariff right now so when Trump comes in it just evens it out?

  • Treczoks@lemmy.world
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    5 hours ago

    Popcorn sales will go through the roof coming January 20th.

    How long will it take the orange turd to tank the American ecenomy? Bets are open!

  • Rapidcreek@lemmy.world
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    6 hours ago

    It will suck, but this is what America voted for. Choke down the shit sandwich my fellow countrymen and women; this is what you wanted. Eat the shit, and eat it hard.

      • RamblingPanda@lemmynsfw.com
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        2 hours ago

        He’s not a gambler. Gamblers at least have a chance to win but tend to lose anyway. He goes straight to losing. Which is quite impressive, giving that he grew up with a big fortune.