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“our country has been looted, pillaged, raped, plundered”
by other nations selling their goods to us cheaply, and by them accepting our Dollars that cost us nothing to make for it!!
I don't think Trump understands the benefits and privileges for USA of having the top international reserve currency.
But maybe if he ruins it quick enough, he may find out?
Play stupid games and win stupid prices.
Boycott the USA. Do not consume American products. Do not travel to the US. Cancel your subscriptions, find alternatives or pirate their software and media. Make Americans tourists feel unwelcome.
A lot of people’s lives are about to get more expensive… again.
Is this winning?
China and Vietnam are producing a lot of the low cost every day items people use. It's going to hit the lower income people the hardest. Thank goodness I'm in Canada.
In 2020, I thought Covid might crash the economy. You know, history repeats itself. But oh, was I wrong; it'll all be caused by a single fuckwit which deserves to be tortured.
Fuck anyone involved in making the world a worse place. I hope they all die in fucking agony.
The crash in 2020 was twice as deep as it should have been. The markets were spooked by a president repeating conspiracy theories instead of reassuring people while health organizations were scrambling and panicking.
US dollar in absolute freefall. Thursday is going to be a bloodbath when the market opens.
Thanks for typing out the percentages, so far I've only seen emotional news reports about it without any detailed info.
Are these tariffs on ALL goods from a certain country? Eg, does 34% on China mean 34% on ALL Chinese goods or just certain ones like cars?
Well, one of two things will happen now.
The US economy will recede by roughly 30% over the coming years (classified by economists as "catastrophic collapse")
It will turn out that trade was "fake and gay" all along and autarky is the way to go, despite centuries of historic lessons to the contrary.
Take your pick.
Fuck Cambodia specifically. Trump probably got a bad VD from there at some point.
The horrible cruelty regarding Cambodia is that the reason they have such a high trade deficit is that most Cambodians are too poor to be able to begin to afford anything that America has to offer.
It's one of the poorest countries in Asia, they could cut their tariffs to 0% and the net effect would be less than the measurable rounding error on total American exports.
Trump is going to tank the economy of an already poverty-stricken country and plunge it into exactly the kind of instability that destroyed it once already just because "fuck you, give me more".
I mean, this will suck in rhe short term, but these companies will exit the U.S. market if it gets to be uneconomical, and we'll be fucked, not them. Trump's I Am sO sMaRt comments all the time will make him look like an even bigger idiot than he already does.
If we actually want manufacturing in the U.S., give companies incentives to do business here. This is the opposite of incentives.
If the goal is destruction then trump is doing a good job of that.
The goal is to start a fire and to attend the fire sale.
The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.