Tariffs that the White House claimed were “well established formulas”… that CNBC is now reporting were completely made up… that the economic advisors now admit, don’t actually exist
It's funny to watch CNBC today with everyone bending themselves into pretzels trying to make sense out of it.
No one mentions that the co-president is a dementia-suffering, sundowning grampa acting like a bratty toddler AND his clown car of "advisors" who have no clue what they're doing.
It’s fake. He’s a fraud.
Look at all the mistakes and errors, China/Taiwan, two uninhabited islands.
It turns out Israel & Vietnam already agreed to remove their tariffs against US goods. Other countries.
We are being misled and falsely informed.
Listen to this interview with Jim Cramer
That's assuming they remain employed. The immediate impact within week-one may result in 375,000 job layoffs (on top of a similar amount of Fed jobs). Those layoffs will in turn cause more as the effects trickle through the economy. It's bad.
Boy, I'm sure getting sick of all this 'winning.' I'm a 73-year-old widow on SS. I guess tomorrow I'll start looking for a job. Maybe I can move to California and pick crops.
Can’t wait to get no tax reductions at the federal level, pay more for goods and services thanks to tariffs, get less services from the gov’t, and have less money in my 401k. MAGA, I guess?
More, because as economy chokes and ordinary Americans cancel their spending plans (home improvements, vacations, dinners out) the costs from funds not spent will fall on the backs of the families whose workers would have earned their livings.
That's in addition to cuts in social supports and community programs people also depend on: threats to SNAP & SS, job cuts that will hit as a result of rising costs (on top the wrongful of fed job cuts), programs like LIHEAP is gone (utility assistance for heat/AC), tourism industry tanking, etc.
*nor does it consider at all the possible socioeconomic impacts of changes in healthcare being provided- cuts in funding for critical healthcare access and community health providers will obviously impact our population, the reversal of cost regulation on insulin, funding stopped cancer trtmts, etc.
Comments
I also believe that estimate is grossly low
Just looking at our industry I believe 5k or higher is closer to where we end up
https://bsky.app/profile/justinbaragona.bsky.social/post/3llw4rmddok2g
No one mentions that the co-president is a dementia-suffering, sundowning grampa acting like a bratty toddler AND his clown car of "advisors" who have no clue what they're doing.
Look at all the mistakes and errors, China/Taiwan, two uninhabited islands.
It turns out Israel & Vietnam already agreed to remove their tariffs against US goods. Other countries.
We are being misled and falsely informed.
Listen to this interview with Jim Cramer
https://futurism.com/trump-tariffs-signs-ai?
"FORMER President"
Stop understating it.