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What to buy before Trump makes everything more expensive

A sim card for a mobile phone sitting in a cute market shopping cart.

The morning after Trump’s big election win, an exodus started. Left-leaning stragglers on X, formerly Twitter, started saying goodbye and posting their new handles for Bluesky, a decentralized Twitter clone. X helped elect Trump, and who knows what will happen on the platform once Trump takes office. So people are fleeing X by the hundreds of thousands.

This is just one of many ways people are safeguarding the technology in their lives from the inevitable change that will come with the second Trump presidency. It’s still early and it’s not exactly clear what Trump’s tech policy will look like, but we do have a sense of some of his priorities based on what he’s said. 

We know that Trump promises to impose strict tariffs on imported goods, which he says he’ll do on day one. This will make your next laptop, smartphone, or video game console more expensive. Trump is also expected to repeal President Biden’s executive order on AI soon after his inauguration, and whatever Trump plans to do next, it will affect how you use the technology. Trump’s pledge to rescind any unspent funds under the Inflation Reduction Act (IRA) could put an end to the big rebate you’d get for buying climate-friendly technology, like heat pumps or solar panels. He’s even threatened to get rid of the $7,500 tax credit you currently get for buying certain EVs.

Again, we don’t actually know what Trump will do when he takes office. The former president and current president-elect has a track record of following through on certain promises, even the most controversial ones, so it would be prudent to brace yourself. One straightforward way to do that: Buy some stuff before Trump’s incoming policies make them more expensive.

Buy a gadget

Trump has proposed a 10 to 20 percent tariff on all goods imported into the United States in an effort to lower prices and create jobs. Goods from China would face an additional 60 percent tariff. He’s also threatened to impose a 100 percent tariff on imports from Mexico, one of America’s largest trading partners, if the country doesn’t stop immigrants from crossing the border.

It almost goes without saying that this would raise prices for consumers. The Yale Budget Lab estimates that the tariffs would cost the average American household up to $7,600 a year with initial price hikes as high as about 5 percent. 

But if you look specifically at goods coming from China, where many consumer electronics are manufactured, those numbers get worse. The Consumer Technology Association (CTA) estimates prices for laptops and video game consoles would rise by 46 and 40 percent, respectively, if the cost of the tariffs were passed through directly to the consumer. Smartphones would go up 26 percent. A new iPhone 16 Pro, for instance, has a sticker price of $1,000 right now, but if you want to buy the new model next year, it could cost more than $1,250 if Apple passed the cost of the tariff onto you.

While it’s not guaranteed that prices will skyrocket as much as some estimates say they will, there’s a very good chance Trump will follow through on these tariffs. After all, he did exactly that in 2016

“Everyone’s taking the tariffs threat seriously,” said Ed Brazytwa, vice president of trade for the CTA. “He made a campaign promise to impose these tariffs, and we anticipate that he wants to follow through with it.”

There is a chance that the Supreme Court could stop him, which would save the country from a certain amount of economic pain. But even if the tariff plan fails, inflation is expected to make an unwelcome return due to Trump’s promised mass deportations. 

So, if you were already thinking of getting a new laptop or upgrading your phone, you might consider doing that sooner rather than later. And hey, Black Friday is just around the corner, so you might get an extra special pre-tariff deal.

Buy a heat pump or an EV (or both!)

The Inflation Reduction Act is “among the most significant government investments in the US economy since President Franklin D. Roosevelt’s New Deal,” according to William Tobin at the Atlantic Council. The landmark legislation could drive $3 trillion in investment for renewable energy, and lead electric vehicle sales to surpass their gas-powered counterparts before the end of the decade. 

And it’s also done a lot to make the latest climate technologies more accessible for millions of people: The IRA provides nearly $9 billion in rebates for households that install energy efficient appliances, heat pumps, solar panels, or even new windows for your home.

Trump wants to take a lot of this money away. The president-elect has said that he “will terminate the Green New Deal, which I call the Green New Scam” and “rescind all unspent funds under the misnamed Inflation Reduction Act.” The IRA and the Green New Deal are not the same thing. Nevertheless, the next Trump administration could try to dismantle Biden’s historic climate legislation, although it would not be easy to do for a number of reasons. Chief among them is that Trump would need Congress to cooperate in order to rescind the funds, and taking free money away from constituents would probably not be a popular thing for lawmakers to do. 

“It would also negatively impact many people who are his supporters,” Scott Hardman, assistant director of the Electric Vehicle Research Center at the University of California Davis. “ A lot of the benefits have gone to red states, so it seems like it would be a little bit of a strange decision to change it.”

Another thing Trump is hostile towards: electric vehicles. In his speech at the Republican National Convention in July, Trump said he’ll end “the electric vehicle mandate on day one” as part of his broader plan to snuff out “the Green New Scam.” That plan would include eliminating the $7,500 tax credits and other incentives the Biden administration put into place to make EVs more affordable for more Americans.

This seems to contradict the interests of Trump’s biggest supporter, Elon Musk, who was recently appointed to lead the newly created Department of Government Efficiency. Musk also runs the world’s most valuable electric vehicle company, Tesla. Tesla has benefited greatly from government subsidies over the years. Some think Musk will change Trump’s mind about EVs, but it’s also possible that Musk thinks Tesla stands to benefit. On one hand, after years of taking government subsidies to help it grow, Tesla is now a trillion dollar company making billions in profits every quarter. It doesn’t need the subsidies any more, according to Hardman. 

“Another school of thought,” Hardman said regarding Musk and EV subsidies, “is that he will not support them, because that will harm the competitors to Tesla, and it will help Tesla become even more sort of dominant in the EV space.”

Maybe don’t buy crypto

You may have noticed the prices of bitcoin and other cryptocurrencies are currently skyrocketing thanks to Trump’s win. Trump embraced the crypto community during his campaign, and many crypto investors think his second administration will streamline regulation and establish a national crypto stockpile, kicking off a crypto renaissance.

It may be tempting to buy in but don’t bet the farm. We’ve seen hot and frothy crypto markets in the past, and we’ve seen them turn into crypto winters. The crypto industry has also turned into an incredibly powerful lobbying force, helping elect pro-crypto candidates with a 100 percent success rate in this year’s cycle. That said, it’s still unclear what crypto is even for other than financial speculation. 

So unless you’re an expert in the space, maybe consider buying a heat pump that will heat your home before throwing a few thousand dollars into the crypto ring. This is not financial advice — I’m just saying some technology actually does stuff, which is worth something.

One more thing I’ll say about all of this discouraging information about what Trump might do to America’s climate policy highlights one very important truth: He hasn’t done it yet. Biden’s tax credits and rebates are still in place. So if you were already thinking about getting a heat pump, making the switch to an EV, upgrading your iPhone, or frankly, buying anything imported, that means you’ve got just over two months to do it before Inauguration Day.

“As a consumer myself, I would definitely want to buy something before January 20, if it meant that I’m going to pay less for it,” Brzytwa, from the CTA, told me. And I’m planning on it. I love a deal.

A version of this story was also published in the Vox Technology newsletter. Sign up here so you don’t miss the next one!


Read full article on: vox.com
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That said, the future of Bluesky is supposed to be transformative. While social media platforms like Twitter and Facebook have been plagued by content moderation problems, Bluesky wants to put users and communities in control of those policies. The same goes for what shows up in people’s feeds. Bluesky says that instead of one algorithm to rule all users, it will let developers create all kinds of different algorithms and empower users to choose their own experience on the platform.  “I’m really excited that folks can choose the social media that’s right for them. I’ll say for me, I like small social media where I talk to barely a dozen people,” Rory Mir, associate director of community organizing at the Electronic Frontier Foundation, said of Bluesky’s open source architecture. “And then if folks want a really big audience and to really blow up that’s also available.”  This is not how Bluesky works for everyone quite yet. You can just set up an account, follow a bunch of people, and then see their posts. But looking ahead, Bluesky has an optimistic vision for a near future in which social media doesn’t make people so miserable. For new users, Bluesky’s appeal is all about the culture  Timing has proven crucial to Bluesky’s current position as the X alternative du jour — that is, it’s had a significant amount of time to gather momentum leading to what seems to be this tipping point moment.  When the platform launched over 18 months ago, it was as an invite-only space, prompting extremely online types and various public figures to flock to try to get in. (The fact many of those early adopters were journalists didn’t hurt in terms of building hype.) That long period of limited entry served to build FOMO, of course, but it also served to allow a niche group of users time to help shape what the dominant modes of communication, moderation, and platform etiquette would be.  “The health and positivity of Bluesky’s community is very important to us, and we’ve invested heavily in Trust and Safety,” Bluesky spokesperson Emily Liu told Vox in an email. “Last year, Bluesky required invite codes to sign up — not to build hype or exclusivity, but rather so we had time to grow the network responsibly and build our Trust and Safety team.” “​​When Musk first bought Twitter, the first things he did were rolling back moderation on transphobia on the platform and because of that we were the first group to leave Twitter in numbers,” journalist Katelyn Burns told Vox. “Because of that, a large group of funny, talented trans posters were the earliest adopters of Bluesky and were able to forge the platform into what it is today: funny, frequently horny, and with very strong moderation tools. If you like Bluesky’s vibe right now, thank a trans person.” When the platform finally opened to the public in February, this culture was already well-established: Lots of shitposting passed down from the days of Weird Twitter (including various Alf memes that recently led to some confusion); a seemingly inevitable leftist tilt; a subcommunity of NSFW posters; and, perhaps most important, an emphasis on proactively curating your own experience using Bluesky’s robust moderation tools.  The centrality of these tools are arguably the defining trait that allows Bluesky to stand out, especially compared to Twitter, which struggled for its entire existence to properly deal with bad actors on the site (until Musk more or less jettisoned that struggle altogether). Bluesky not only allows you to block and mute various people, words, and tags, it also allows you to hide individual posts on feeds, and allows users to subscribe to curated block lists directly from the platform that blocks users en masse.  “To me the biggest difference between Bluesky and every other social media platform I’ve ever been on is the close relationship between the user base and the (quite small!) team of developers,” journalist and longtime Bluesky shitposter Miles Klee told Vox.  “When people first joined, it was very bare bones, and the devs pursued new features according to what they heard users wanted. Because a lot of people were looking to escape the toxicity of X, that meant they ended up prioritizing safety and accessibility,” Klee said. “On Bluesky, many users feel that they’re building something new together, and that gives them a feeling of ownership, control, community.” “I adore Bluesky,” author and Bluesky user Debbie Ridpath Ohi told Vox. “While so many other new platforms chased user numbers, Bluesky focused on user safety first, and that made a huge difference. I am having fun using social media again.” Bluesky does have one significant drawback. Because the platform is federated, accounts can’t be “locked” away from public view the way they can on X. Still, for many people, that’s likely a feature rather than a bug; after all, X’s easily accessible public interface and ease of searching and surfacing content made it indispensable to many users, especially the many journalists who used it and still continue to use it. These are all features that Bluesky replicates — without, so far, the endless trolls that came with X’s recent era. What it means to leave Twitter For people who have spent many years on Twitter — which launched in 2006, enough time to grow into an impossible teenager — it may be sobering to contemplate actually leaving the platform. This is, after all, the supposed “hellsite” that many of its most active users were all but glued to for everything from live events to hilarious viral incidents that found us all united through the power of a virtually instantaneous, public, and collective social media. Yet for the vast majority of users, the thought of leaving X now probably feels much more plausible and realistic a possibility than it did a year ago, when Vox first declared that X was in its death throes. That’s not unusual; social media platforms very rarely die instantly.  For the most part, platforms don’t suddenly shut down and strand all of their users. That only happens in extreme cases when a platform’s systems collapse, or it’s seized by the government, or the owner kills the site — situations that just don’t really happen to modern social media with complex infrastructure. The inverse scenario, in which all of a platform’s users simply give up and leave en masse overnight, doesn’t happen at all.  Instead, as we’ve seen across various internet platforms, including mass migrations away from LiveJournal, Tumblr, Facebook, and now X, the exodus takes years and involves multiple inciting incidents that push people out of their comfort zone and off the platform in incremental movements. All of these steps shift users slowly and inevitably toward the decision to fully leave a platform — sometimes before they even realize they’ve made it. “Social media is, by definition, social,” Bluesky early adopter Maura Quint told Vox. “People want to be at places where they get something from other users, and where the tools the site provides help them have the experience they’re looking for. If people are miserable in a space, they leave.” “Elon Musk made sure to design his version of Twitter to be an unpleasant, dull place,” Quint continued. “Why choose an awful room run by the worst guy you’ve ever met when there’s an alternative where cool people are hanging out, telling jokes, creating their own goofy lore, and engaging on issues they care about?” As a platform slips into decline, those inciting incidents often become more and more frequent and close together. X has had multiple such inciting incidents this year, including a major ban in Brazil that sent 500,000 users to Bluesky in a single weekend in August, a crucial step in jolting X’s massive international fandom community out of its complacency. Then came the twin announcements in October: first, that X would be allowing third-party AI companies to scrape all user data, and then that blocking a user would no longer prevent them from being able to see your content — a change that arguably nullifies the point of blocking to begin with. Most recently came the US election and Musk’s unabashed weaponization of the platform in service of Trump and the far right.   This latest inciting incident seems to have been the final straw for many users to not only leave X for Bluesky, but begin deleting all of their content from X. (Some extensions and apps allow you to import all of your content over from X to Bluesky first before you delete.) Still, while these actions suggest that momentum has well and truly shifted toward Bluesky, the newer site will likely have growing pains as old users adjust to newcomers and the platform itself grapples with the strain of millions of new users. “Our infrastructure is holding up!” Bluesky’s Liu told Vox. “We’ve prepared our infrastructure to be able to handle this demand, though there are definitely a lot of new users signing up right now.” She added that the site is building a subscription model to aid sustainability, though the site will always be free to use. Despite the rapid growth, users are optimistic about the future. “Every influx of users brings with it more voices, some with good intent and some with bad intent, but Bluesky is responsive to the people who use it in ways that encourage people to stick around,” Quint said. “When you compare that to sites where white nationalists organize mass attacks, spending money lets anyone drown out real discussion, and mass disinformation spreads at the whim of a billionaire, Bluesky is clearly the place to be.”
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