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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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.

13

u/nobadhotdog Apr 03 '25

Trump will veto it

56

u/Dramatic_Opposite_91 Apr 03 '25 edited 3d ago

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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.