Most important part of these tariffs:

“The trade rule allows packages to be shipped from foreign countries directly to consumers or businesses without paying tariffs, as long as the shipments do not exceed $800 per recipient per day. The new proposal would strip that exemption from a wide array of products and most likely have a significant impact on large importers of Chinese goods such as Shein and Temu, two online marketplaces that have become popular with American shoppers.”

This trade rule being taken advantage of by Aliexpress, Temu, and Shein is the sole reason why significant amounts of Americans could still afford to buy a lot of consumer goods despite having their real wages crash year after year. This would genuinely trigger another cost of living crisis

  • somename [she/her]@hexbear.net
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    2 months ago

    There’s competing factions in the US deep state right now. Some more invested in US hegemony are trying to force reindustrialization because they are starting to realize that finance capital has been eating away at the core productive forces required to project real military power abroad. Other factions resist this, as it cuts into the immediate profit margins, and so they awkwardly fight.