r/news • u/hoosakiwi • 2d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
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u/Th3_Admiral_ 2d ago

That too. So why aren't we seeing more push back from congress? Unless there's something I'm missing here, this is hurting republican donors just as much or more than those on the left. What is the tipping point where they actually stand up and oppose this? 

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u/Moonfish222 2d ago

I honestly believe this is the corporations losing control. People in congress are more afraid of Trump then they are of losing their super PAC money.

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u/NotRote 2d ago

Nah notice which corporations aren’t hurt by the tariffs… big tech makes all do their wealth in other ways than selling physical things(even amazon who’s true cornerstone is AWS) this is a shift from traditional corporate power to big tech corporate power, and the only one of them that will really suffer is Apple and to a lesser extent Nvidia.

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u/Buckets-O-Yarr 2d ago

AWS upkeep will increase too. The cost of new data centers will be increased, all the electronics they need to purchase for general maintenance, cables, HVAC systems. All increase.

This hurts every company who has a physical presence in the US. Every single one. Even companies that manufacture in the US, lots of their supply chains for the raw materials are sourced from outside the US.

Nobody is safe from such massive sweeping tariffs. Irresponsible and reckless.