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There are a lot of complicated reasons why high tariff are a global problem in a global economy, but simply put:
Reduced profit for a single company or industry isn’t usually detrimental to a national or global economy. But when an entire country’s economy is hit with reduced profits across every industry, then it creates a problem.
So in summary, Americans are going to get fucked directly, “foreign countries” are going to get fucked indirectly.
And the only people who win are the billionaires that get to swoop in and buy everything up at bargain basement prices.
I am not affected by tariffs, but I am going to further raise the prices of my digital goods on US platforms anyway. Because i noticed people buy anyway when i raised prices earlier this year.
my impact is extremely tiny, but if everyone does it, especially for essential products sold to US. This might help a nation as a whole compensate for loss of revenue in other industries affected by tariffs.
Most people in US will think the higher prices for everything are due to tariffs.
Edit : Note that my prices on platform based outside of US are kept much lower, Americans do buy from there. It is only on US site that I raise prices.
Eh, what do you sell and on which platform? I'd like to avoid you, firstly, and secondly, knowing that will give me an idea of what to tell you to expect.
I'm buying less these days. Going on less vacations. Picking up fewer wants, and limiting my purchases to needs. Reducing the amount of money I spend. I am seeing it as more money is going into savings now than when Biden was POTUS. Gonna need to do that because everything's about to get more expensive. I need to get used to doing more with less, because otherwise, I'm going to take it right in the chin. As will many of my American counterparts.
You might escape scott free. Or you might not. Your country likely is tariffing everything from the USA, and the USA is likely tariffing you as well. You might find fewer people buy your stuff because not ONLY has the US tariffed money out of your buyers, you're exploiting them as well, meaning they get double hit. While it's your right to set your price to what you want, don't be surprised if your sales take a hit. Also, it's a very douchebag move to take advantages of your customers...just like what the Shitgibbon would do, so I do hope your customers look elsewhere for their sales. Too bad we as Americans don't have that luxury to avoid tariffs.
Even if I sell less it doesn't matter, the higher prices makes up for it. I don't need to sell much at higher price. People buy my stuff usually to save time, they are trying to meet project deadlines. As long as it is cheaper to buy instead of building it themselves which might take days, weeks they are still saving time and money.
Note that I raise prices on US platform only. My prices on site based in Europe (Lithuania) is much lower (American can buy from there if they bother to search, I do see US customers IPs on my sale stats), If you really want to talk about greed and douchebag-ness it is the US platforms that are super greedy they are taking more than 60% from each of my sales. While the Europe platform only take 30%. So I could care less if I lose sale on the US sites, I prefer if my customer buy from europe site instead.
It seems countries getting hit by tariffs don't tariff US goods as high as trump is claiming, https://www.threads.net/@aaliamauro/post/DICFOusPqD1
US doesn't even export enough goods to some of those countries to hit tariff triggers. So most item remain tariff free. https://edition.cnn.com/2025/04/02/politics/fact-check-trump-tariffs-trade/index.html
The tariffs broken down by internet level domain makes no sense, It looks very unscientific and lazy.