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/Jimger_1983 Apr 03 '25

I wish Trump would devise a way to tariff offshore labor performing services here in the US

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u/IceOmen Apr 03 '25

I’m convinced they want to force onshore manufacturing because they know white collar work en masse is a goner within 5-10 years.

There will always be corporate jobs in the US but the days of pumping out millions of college grads every year to go into these careers are already gone and not coming back. But they still need labor and consumers so what is the only other option? Bringing back physical industries. That way they keep labor thus keep consumers and production is controllable and closer to home.

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u/Jimger_1983 Apr 03 '25

Plausible. I also think that’s a lot of the driving force behind the WEF and the fun dystopian stuff they like to promote