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Re:Trump's Tariffs Wipe Out over $6T on Wall Street in Epic ...
by lreeves on Friday April 04, 2025 @09:26PM
(#43589564)
Could you clarify for me please why the term globalist would be used instead of global? Like "Apple is a global corporation" is an unarguable fact but using the term globalist for these companies seems pretty strange to me since there are some pretty weird connotations with it.
Re:Trump's Tariffs Wipe Out over $6T on Wall Street in Epic ...
by sorcerer-mar on Friday April 04, 2025 @09:17PM
(#43589474)
Are globalist multinational corporations the main ones that get hurt by tariffs?
Re:Trump's Tariffs Wipe Out over $6T on Wall Street in Epic ...
by monero-xmr on Friday April 04, 2025 @09:20PM
(#43589505)
Yes, in the current American system!
Re:Trump's Tariffs Wipe Out over $6T on Wall Street in Epic ...
by californical on Friday April 04, 2025 @09:31PM
(#43589624)
Very untrue. Major corporations can absorb the damage for a few months without raising their prices, since they have more inventory, bulk discounts, etc.
Small companies are often running nearly paycheck-to-paycheck, which requires them to raise prices immediately, making them completely uncompetitive with the large corporations.
The large corporations know this and are happy to keep their prices low and burn money until the small business competition dies, then they can raise their prices.
Re:Trump's Tariffs Wipe Out over $6T on Wall Street in Epic ...
by sorcerer-mar on Friday April 04, 2025 @09:27PM
(#43589572)
Do those giant corporations employ any Americans?
Are they gonna struggle to feed their families?
Re:Trump's Tariffs Wipe Out over $6T on Wall Street in Epic ...
by monero-xmr on Friday April 04, 2025 @09:31PM
(#43589623)
They do employ Americans! And now they will employ fewer Americans! This is bad!
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Re:Trump's Tariffs Wipe Out over $6T on Wall Street in Epic ...
by Terr_ on Friday April 04, 2025 @09:28PM
(#43589592)
> He has handed the democrats the next couple federal elections on a platter.
I dunno, cults are surprisingly sticky, just look at how they've internally whitewashed the January 6th attack on the capitol.
I want to believe you are right, but I've been disappointed repeatedly in the last few years, so I also fear you are wrong.