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submitted 1 month ago by MicroWave@lemmy.world to c/news@lemmy.world

Summary

A Harris poll reveals that 69% of Americans believe Donald Trump’s proposed tariffs would increase consumer costs, with many planning purchases ahead of his inauguration to avoid price hikes.

Trump has championed tariffs as a key policy to boost domestic manufacturing, but economists and corporate leaders warn costs will be passed to consumers, potentially adding $2,600 annually to household expenses.

While Republicans are more supportive of tariffs, only 51% think they will benefit the economy.

The poll highlights widespread concern over tariffs’ economic impact, especially amid lingering inflation and financial uncertainty.

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[-] rustydrd@sh.itjust.works 5 points 1 month ago

A Harris poll reveals that 69% of Americans believe Donald Trump’s proposed tariffs would increase consumer costs, with many planning purchases ahead of his inauguration to avoid price hikes.

Galaxy brain economics.

[-] LifeInMultipleChoice@lemmy.world 1 points 1 month ago* (last edited 1 month ago)

I mean when they drew it up they showed commuter costs were up hundreds of dollars a piece. If he does what he says he was planning to do every company's IT budget is shot. If people thought they had old computers before, no chance they are getting upgraded if that happens. Instead of saying new laptops every 3-4 years and desktops 5 years they'll likely just switch back to desktops and say every 6 years, cutting out paying for docks/port replicators, and having more reasonsl to force users into office to get people to quit and cut payroll costs as well. Bottom line still goes up, CEO and stocks go up, quality of product/service... Goes down

Note obviously that cuts into the network infrastructure and all software licensing as well. You have to renew licenses, maybe can cut some cost if you cut staff, but it means forcing more users to cheaper software, and likely holding off all wireless access points upgrades/installs, new fiber runs etc

this post was submitted on 26 Nov 2024
570 points (99.1% liked)

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