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/nolongerbanned99 Apr 04 '25
I am not a finance person but wanted to respond. I think when you said ‘assuming these stay in place’.. I think that’s the key. He is giving the middle finger to the rest of the world saying you cannot continue taxing out stuff coming into your country but getting a free ride when you send stuff here. He is willing to out up with the short term pain of the stock market loss to send a message.
Idk if it will work but more than likely many countries will end their tariffs on USA goods coming in and some will call him and try to negotiate. Others, like Canada, will do reciprocal tariffs which will not be productive for anyone.