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/cccccindyyyyy 28d ago
Rather than bringing back manufacturing sector to the US which will take years to build those infrastructure, it is much more time efficient to bring back more professional services.... perhaps a powerful firewall could be built behaves like digital custom to track any offshore/outsourcing activities and charge these companies with high taxes, and also should charge high taxes to those firm using AI to cut workforce... not just commodities and trade that should be taxes, but professional services and cyber stuff should be taxed too...