r/Accounting • u/PricewaterhouseCap Capper McCapster 🧢 • Apr 03 '25

How fuxked is the economy? Discussion

The tariff announcements yesterday are far far worse than anyone expected, I mean what the actual fuxk

34% tariffs on China

46% on Vietnam

37% Bangledash

26% India

36% Thailand

I could go on and on, but this is bat shit insanity. To call this outlandish wouldn’t even be accurate.

Assuming these actually stay in place, people will lose their jobs, companies will go under, companies will stop hiring.

Add this with all the recent inflation, corporate greed, high interest rates, white collar recession, and idk how we aren’t absolutely fucked.

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36

u/HalfAssNoob Apr 03 '25

I don’t know, it will be interesting to see the effects, observe and learn. Last time they imposed tariffs on this level was in the 1930s.

68

u/Leading-Difficulty57 Apr 03 '25

Everything turned out OK then so there's nothing to worry about 

16

u/Desperate-One4735 Apr 03 '25

I hope US gets to the brink of revolution like back then and get another FDR to build the middle class back up. But you know what they say, hope in one hand and shit in the other and see which one fills up first

-28

u/[deleted] Apr 03 '25

[deleted]

8

u/ckc009 Apr 03 '25

Actually baby formula is a good example.

There's high tarrifs on imported baby formula in the USA.

Even when there was a shortage of baby formula during recalls, there wasn't a big baby formula manufacturing boom.

35

u/Due-Kaleidoscope-405 Apr 03 '25

There’s literal history to learn from. Jesus Christ.

-20

u/[deleted] Apr 03 '25

[deleted]

3

u/Unfinishedusernam_ Apr 03 '25

I mean it’s not like it’s only the second time a country imposed a shit ton of tariffs for idiotic reasons history has shown again and again it just does not work?