“The misguided tariffs of Richard Nixon and William McKinley, and even the Smoot-Hawley Act of 1930, are nothing compared with what Donald Trump is implementing. There is no precedent for what the world is about to experience…” www.economist.com/finance-and-... - ThreadSky

piperformissouri.bsky.social • 68 days ago

“The misguided tariffs of Richard Nixon and William McKinley, and even the Smoot-Hawley Act of 1930, are nothing compared with what Donald Trump is implementing. There is no precedent for what the world is about to experience…”
https://www.economist.com/finance-and-economics/2025/04/09/americas-tariffs-are-the-worst-policy-shock-in-trade-history?utm_source=facebook&utm_campaign=editorial-social&utm_content=discovery.content&utm_medium=social-media.content.np&fbclid=IwZXh0bgNhZW0CMTEAAR4B8TBwgy8k42pzwJAuPSrjGRIYg8Qm31C45nW38q_QeCitA7OrxubGLtXDaQ_aem_89Era0bVpdK-SZUymPsKrg

Comments

genius70.bsky.social•68 days ago

Which means there is no precedent to how our citizens react.

dabmanpdx.bsky.social•68 days ago

Oh gurl hadn’t you heard? Velveeta Voldemort is playing four- and five-dimensional chess. We serfs couldn’t possibly understand. 🤣💀

piperformissouri.bsky.social•68 days ago

I heard he was actually eating the chess pieces…

dabmanpdx.bsky.social•68 days ago

Double-fisting them no doubt. There are still people creating portraits of him with Stone Cold Steve Austin’s physique btw 💀

americapatrick100.bsky.social•68 days ago

Buying paint with what is left in their 401k no doubt.

elementdragon.bsky.social•68 days ago

Velveeta Voldemort!

jewjewbee.bsky.social•68 days ago

Imagine being a US cosmetics formulator. Employing lots of people to make products for US and export markets. However, 50% of the raw materials are from Asia. Now you face a 50% increase in prices from tariffs. With few US suppliers, they hike prices and have shortages. So no chance to rectify. Boom

lindaece.bsky.social•68 days ago

Surely you don't expect him to know history or economics. Or math. Or science. Or geography. Or law. Or ethics. Or civics. Or how the govt works. He only knows greed and bullying.

elementdragon.bsky.social•68 days ago

Looks like an interesting article, too bad about the pay wall.

piperformissouri.bsky.social•68 days ago

Ah, shoot

findyourpeace.bsky.social•68 days ago

He just caved, with a 90 day pause (except for China). That said, with a 125% tariff on goods from China, don't expect prices to go down on much since so much of the less expensive items we have gotten used to come from there.

oldgamernerd.bsky.social•68 days ago

It’s almost like he has no idea how anything works.
Weird, right?

papa-pop.bsky.social•68 days ago

True, and American made products prices will skyrocket when people are forced to buy them. Americans should have the option to buy American not forced by taxes.

catlady4ever77.bsky.social•68 days ago

The tariff fuckery will continue. The market manipulation will continue. The rest of the world will boycott us regardless. A recession is going to happen. We're a joke in a global economy, and it will hurt average American citizens the most.

americapatrick100.bsky.social•68 days ago

With Trump announcing a 90 day freeze, smart countries will leave theirs in place.

lushflimbaugh.bsky.social•68 days ago

"It's the stupidity, economists!"

knowvak.bsky.social•68 days ago

Good share. Thanks.

gototown.bsky.social•68 days ago

Trump is holding the entire world hostage

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