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#economy

732 posts252 participants45 posts today
Public
Eric Maugendre

On #tariffs:
"Retaliation by other countries will lead to a fall in US exports. In the 1930s, after the Smoot-Hawley tariffs were imposed, retaliation led to a 33% fall in US exports and spiralling down of international trade […].
"A tariff trade war would hit the US economy harder than Smoot-Hawley, since trade is now three times as big a share of GDP as it was in 1929, and was 75% of GDP in 2024 – versus roughly 6% in 1929."

thenextrecession.wordpress.com

Michael Roberts Blog · Trump’s tariffs – some facts and consequences (from various sources)The overall impact of Trump’s tariff hikes is to raise the average tariff rate on US goods imports to 26%, the highest level in 130 years. 2. The formula used to establish the tariff for each count…
#trade#imports#exports
Public
Ercanbrack

Hey all of you Trump voters…

Are you better off now than you were before he took office?…..about 71 days ago?

Wondering if maybe you made a mistake?

Thinking to yourselves….if only there could have been some “clues” that this guy might not have been the best for our country?

#uspolitics#USA#uspol
Public
Yvan ー イボん 🗺️ :ferris: :go:

Just want to make something clear because it might not be for many.

Rich people will get richer as #economy syncs. Rich people don't get poorer once they have passed a certain tipping point.

Even everything goes sideways, they remain the owner of a lot of essential assets and a lot of companies. This means that poor people by fighting for their survival will keep feeding their machine and that's not something you can control.

It has always happened throughout history.
So don't get confused, even with all #stocks in the red as #tarrifs take effect and #uspol goes to #fascis standards.
The rich will get richer by all standards that you can think of. Their families will remain powerful while others fall.

Don't give them the benefit of the doubt.
They are not on your side.

Public
Markus Hofer

"No, no, he's not a complete idiot who's got no idea what he's doing - he's got a plan! It's to bring down the economy so he can take down democracy with it, and use Mafia tactics to bully friends and foes alike until more factories are forced to come back to the US so it's easier to arm for war."
- Yeah, that's not quite the redeeming defense they might think it is...

#trump#economy
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