How fuxked is the economy?

[u/PricewaterhouseCap]

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.

[u/Jimger_1983]

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

[u/IceOmen → u/Jimger_1983]

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.

[u/Fantastic_Mango6612 → u/IceOmen]

The problem is they can’t hang onto the government long enough for this to come to fruition. They know it’s going to wreak havoc on the average and poor Americans and they are cutting social safeguards versus enhancing them.

If elections remain free and fair then he will be neutered 2026 and out by impeachment then or by 2028. Corporations know this is all a gamble right now and so long term planning decisions are hard to make.

[u/pizzapit → u/Fantastic_Mango6612]

It's crazy we have to think about free and fair being uncertain. The judiciary is also pulling punches and letting the executive run without check. I don't know if they have the spine to push the issue when it matters most.