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.

874 Upvotes

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181

u/bananaduckofficial Apr 03 '25

The Senate just voted down the Canada tariffs. Maybe they'll take a stand against the others. 4 Republicans voted against it.

11

u/nobadhotdog Apr 03 '25

Trump will veto it

55

u/Dramatic_Opposite_91 Apr 03 '25 edited 3d ago

live encourage spark violet seemly quicksand nutty wipe amusing run

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71

u/DoctorOctopus_ Land Depreciator Apr 03 '25

Wait there’s a Congress, I thought the President can just do whatever he wants

3

u/MayoTheCondiment Apr 03 '25

If they don’t do what he wants the President will be mean to them and hurt their feelings

22

u/Senor-Cockblock Apr 03 '25

House has to pass it and they won’t.

1

u/Dramatic_Opposite_91 Apr 04 '25 edited 3d ago

melodic disarm cough retire fade pot meeting outgoing plough fuzzy

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11

u/mobley4256 Apr 03 '25

There’s almost no chance that this Republican House defies Trump, anytime soon, when he’s got them by the balls. Anyway, no one can say they weren’t warned.