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How worried should US people be about "tariffs"? Should I invest in upgrading my equipment ASAP? (lemmy.today)

submitted 4 weeks ago* (last edited 3 weeks ago) by MonkeMischief@lemmy.today to c/asklemmy@lemmy.world

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Basically title. I'm a digital artist in the USA and not rich by any stretch. In fact, somewhat in debt. (Aren't we all.)

I also try really hard to not be a mindless consumer. I use old equipment as long as I can, repair, refurbish, etc...

All this talk of upcoming tariffs has me worried that, rather than being able to get a day-job at newly opened US manufacturing for electronics or something, I'll instead be paying +60% more on like everything.

I know tech is a depreciating asset, but should I try to upgrade now to hold out for the next ~5 years or so?

I was considering hunting down a motherboard/cpu/RAM combo for instance.

Are worries about tariffs overblown? Trying to figure out how to prepare as best I can with my meager resources before everything just...keeps getting worse.

I am getting paid for my digital art, it's not living money though. My spouse has a more stable income that enables me to keep trying.

Thanks in advance. <3

EDIT: Thanks a ton for all the helpful replies! I'm glad I'm not being overly paranoid.

Some of you have asked for system specs so here they are for the curious:

System Specs:

OS: OpenSUSE Tumbleweed
Mobo: Z590 Aorus Elite AX
CPU: i7-10700k @ 5.1 Ghz
GPU: Nvidia RTX 3090
Mem: 32GB DDR4 (forget the speed...3000?)

I want to be clear: I don't mean to sound too panicked and I'm more than happy to be content with what I have and see my blessings for what they are.

However, as I'm trying to break into being a 3D Blender artist and gamedev professionally, I'm trying to strategize whether standards will significantly increase and leave me behind in the next 5 years or so. (Game industry, not trying to do Hollywood VFX models on my home rig or anything lol)

I don't game so much these days unfortunately. And if I do, like 5% of my library is particularly demanding. 😂

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[-] bostonbananarama@lemmy.world 16 points 4 weeks ago

Tarrifs must be congressional approved first. That means the bill must be presented, debated on, voted on, then signed.

Unless Congress has already given the president that authority.

In early 2018 President Trump imposed tariffs on steel and aluminum imports under Section 232 of the Trade Expansion Act of 1962. This law states that the president can raise tariffs on imports that pose a threat to national security. Section 232 allows the President to implement these tariffs without the approval of Congress, following an investigation by the Department of Commerce. The Commerce Department has noted that threats to national security may include “fostering U.S. dependence on unreliable or unsafe imports” or “fundamentally threatening the ability of U.S. domestic industries to satisfy national security needs.”1

this post was submitted on 29 Nov 2024

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