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If you are an American, how are you preparing for the upcoming tariffs and possible trade war? (lemm.ee)

submitted 4 weeks ago by kinttach@lemm.ee to c/asklemmy@lemmy.ml

56 comments fedilink hide all child comments

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?

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[–] Today@lemmy.world 6 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

Business won't let him do most of that. It was just loud fake superficial concepts of plans . His real task is staying in power. I think our biggest concern now is loss of immigrants.

ETA- i was initially pretty concerned and wanted to really cut back spending and increase savings. We will likely do some of that, but we're still planning little holiday trips and doing work on the house.

[–] Corkyskog@sh.itjust.works 9 points 3 weeks ago (1 children)

Wouldn't you want to do exactly the opposite in the face of really bad inflation?

Spend any extra money on imported goods that are consumable, especially chinese. As that money will quickly be worth less.

[–] Today@lemmy.world 2 points 3 weeks ago (1 children)

I have house projects about to start, so i will be buying stuff for that, but it's mostly labor. Someone asked what everyone is buying now because it will likely get more expensive. Couldn't really think of anything.

[–] Corkyskog@sh.itjust.works 2 points 3 weeks ago

Yeah, I don't have a ton of stuff I need either. Only planning on grabbing some non-perishable food stuff that's imported that we enjoy, and maybe some mid level Chinese electronics that I never got around to buying that will almost certainly be twice as expensive a year from now.

[–] phoneymouse@lemmy.world 2 points 3 weeks ago (1 children)

I suspect businesses won’t let him deport immigrants either. They are all employed as cheap laborers.

[–] phdepressed@sh.itjust.works 2 points 3 weeks ago (1 children)

Yeah, Texas industry has already been mentioning it's worry for farming, construction, and restaurants.

[–] kiwifoxtrot@lemmy.world 1 points 3 weeks ago

So sad for businesses... The only way this stops is if they are irreparably hurt and realize that they caused it by voting him in.