• Ledericas@lemm.ee
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    6 days ago

    He’s been obsessed with tariffs all his life, he won’t stop doing those

    • Dead_or_Alive@lemmy.world
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      5 days ago

      No he won’t give tariffs up. This was his latest gift to make 10% tariffs on everything seem not so bad. I’m willing to bet 10% was always his goal and the crazy numbers he threw out were there to make 10% seem reasonable.

      The problem is after 4 months of attacking allies, siding with dictators, reneging on prior trade agreements he negotiated, and being called out for it globally. This latest economic grift wiped any trust the US had left.

      The US is uninvestable while he is in power. You can’t make major investments be it a billion dollar factory complex or some small business importing goods to build a product. You could be wiped out because of a mood swing or Orange Mussolini’s latest grift.

      Worse his tariffs put many US manufacturers at a disadvantage compared to foreign competitors. He’s just set the stage for a definite recession, long term slow economic growth or at worse a depression if the bond market fully breaks down.

      Even if he can get tax cuts passed they won’t do shit to put it all back together.