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?
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 stocked up on ammunition. Should be good for a while
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.
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.
Whatever happens happens. Don’t really care that much anymore.
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.
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.
I suspect businesses won’t let him deport immigrants either. They are all employed as cheap laborers.
Yeah, Texas industry has already been mentioning it’s worry for farming, construction, and restaurants.
i’m gonna move to china as soon as physically possible
the most expensive item I own is a bicycle and I’ve never had savings. i’m already $30k+ in debt so whatever
im not, none of that shit is going to happen
Death to America
I may buy more dried fruit and bulk t-shirts.
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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.
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.
This should be tracked regardless of who’s in charge
probably would only work well if backed by a browser extension, camelcamelcamel is nice but IDK what covers local prices for grocery stores.
American
savings or investments
I don’t understand
My husband finally bit the bullet and upgraded his computer. I’m planning to upgrade my phone before the year is out, because mine is 6 years old and probably not getting security updates for another 4 years.
Not that these things didn’t need to happen, but having it forced on us last minute has sucked.
If you are an American, how are you preparing for the upcoming tariffs and possible trade war?
I’m not. I would love to, but there’s not really much I can do as far as I can see.
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?
Probably a lot of things. Contrary to what a lot of MAGA morons would like to claim, tariffs very rarely ever benefit the country establishing the tariff. Very few things are actually wholly made in America nowadays. With such a global economy, even things that are marketed as “made in America” are typically not made 100% in America. And even if they are, the parts are often sourced from around the world since, with modern shipping, that’s actually cheaper typically than sourcing it in-country. (Not to mention that some parts can’t be sourced in-country simply because no one exists to provide that service anymore.)
Are you changing your savings or investments?
Bold of you to assume that I have any extra money to put into either of those. I put in the same amount of money every week as I have the last while: whatever I can, which isn’t much. I don’t get paid shit for my job, yet prices keep going up. It’s not like I have much money to adjust.
tariffs very rarely ever benefit the country establishing the tariff.
Well. It depends.
If tariffs are sustained, then it can make sense to establish domestic companies that can supply the goods that were previously being outsourced. In that respect, over the long term–and I’m talking, like 20-30+ years–it could be positive. One of the things that made the US economy strong in the 60s was the fact that we had strong labor, and strong manufacturing; outsourcing our manufacturing has harmed labor and the middle class.
But that’s all very long-term stuff. It’s taken us 40 years to get to where we are now, and bringing manufacturing, and strong unions, back can easily take just as long. In the short term, it’s going to be super-bad for the working poor and the middle class.
A lot has changed since the 60s
Absolutely.
But the loss of the manufacturing base, and the subsequent decrease in number of people covered by labor unions, has been one of the single largest factors that’s harmed the middle class. It’s not the only thing, but a manufacturing base ends up being a pretty important part.
