Trump announces tariffs ranging from 10% to 49% for dozens of countries

[Artificial Intelligence]

When does this start

 

[acri1]

This is way, way, way more radical than media predicted. Literal declaration of war against the world. Massive tariffs on essentially every single trading partner. Unless he walks this back, there will be a global recession by the end of the year.

If we're lucky. This could easily cause a full on Great Depression.

 

[the cac mamba]

By the summer there might be outright revolt in republican circles to remove tariff power from the executive branch.

he definitely shouldn't have the power to do what he's doing

here's a fix, that would keep the flexibility/reaction time available, and create a consensus; tariffs have to get voted on 3/2 by the president, and both majority/minority leaders of the House and Senate

 

[levitate]

I may look at buying a shytty fixer-upper home in southern France…

 

[BK The Great]

https://www.cnn.com/business/live-news/tariffs-trump-news-04-02-25?t=1743626651688

 

[Scustin Bieburr]

How is this going to bring manufacturing back to America?

He wants to destroy the net worth of regular people. If people can't afford to make their rent payments, they'll take a second or third job and will work for less money. He wants the average American worker to be as poor as someone from Bangladesh, Mexico, or Malaysia which are becoming manufacturing hubs as china's population ages, shrinks, and needs higher wages.

If it's cheaper to manufacture in America than a place like China, he hopes America will become the new China and become the Hotspot for making cheap products for the rest of the world.

He'll create the conditions that cause people to crash out and commit crimes, jail those people then use them as unpaid labor. It's part of the reason he's trying to destroy constitutional rights around due process, fair trials, illegal search and seizure etc. The goal is to make it so that the ACCUSATION is enough to jail someone. Remember slavery IS LEGAL in America under the 13th ammendment. When most of the population is desperately poor and will work for any amount of money to survive and the rest are imprisoned, that makes America a desirable place for imports.

If he cripples the buying power of the average American and weakens the dollar as more countries exchange their dollars for something else, then it will reduce the demand for other country's products because people here literally won't be able to afford them and the dollar will be a cheaper currency than something like the euro or yuan.

He and his team can have such a stupid idea because they fear no consequences. Nobody has actually checked them so they have no reason to believe the public would ever do anything, especially since you'll have people posting even HERE who don't understand that this man WANTS most Americans to be poor. He wants America to slide into developing nation status while the net worth of the few rich people here explodes through corporate consolidation, asset speculation, and foreign investment. America has shown its too p*ssy to stand up to a fascist even when he's telling them to their faces what he's going to do so what reason would he ever have to believe that they'll do anything to fight back from the overwhelming misery his policies will create for anyone who has less than a million dollar net worth?

 

[im not you]

this dude tryna ruin se asia

 

[Big Blue]

Red states will get fukked by tariffs and still vote because they think they can pull up their bootstraps and make it out of poverty.

 

[King Poetic]

“Day 1 prices will be down”

Way to go cacs, latino men and the candance owens, mike tyson c00ns

 

[Big Blue]

It's guaranteed that a federal injuction will stop this. Even r/conservative is having a meltdown

 

[Piff Perkins]

he definitely shouldn't have the power to do what he's doing

here's a fix, that would keep the flexibility/reaction time available, and create a consensus; tariffs have to get voted on 3/2 by the president, and both majority/minority leaders of the House and Senate

I'm not even that opposed to presidents being able to unilaterally set tariffs. Granted it's a power that was largely spawned out of a world that doesn't exist anymore, when actual pirate ships were a major naval problem lol. We also had 70+ years of universal agreement amongst conservative and liberal economists that broad tariffs are (very) bad, to the point no president has heavily implemented them since FDR won election promising to get rid of them. The problem is that we have a uniquely unqualified, mentally unfit person as president. And frankly a lot of things about our government, democracy, and presidency fall apart under that circumstance - as we've clearly seen this year and in 2017-2020.

So I will ultimately have to agree with you because it's clear the American people can no longer be trusted NOT to elect someone as unfit and destructive as Trump (twice). This wouldn't have worked in virtually any recent decade. A president who regularly shyts on the country, derides democracy, daps up dictators, punishes allies and supports enemies? We had a Goldwater test, basically. And whereas the country passed that test in 1964 we failed miserably this time.

 

[Outlaw]

Buy the dip when Trump is trying to create a global depression?

 

[Outlaw]

Now we watch the bloodbath on Wall Street tomorrow.

The bloodbath is already happening in the futures market

 

[jdubnyce]

When does this start

Tonight/tomorrow I think

 

[the cac mamba]

Buy the dip when Trump is trying to create a global depression?

if you think you can time the market perfectly, then wait it out

i learned from my mistakes during covid. i didnt buy enough, then i kept waiting for it to crash again, and it didn't

i'll be buying on the way down, and wait out the ride back up. tax cuts coming at the end of the year, and powell is gonna be forced to cut rates pretty soon