You are presuming it's not intentional when many capitalists have said there needs to be pain in the economy to put workers in their place theyre not talking about them feeling pain just the working class
My hypothesis is that the rest of the world will increase trade with *each other* while just not trading as much with the united states anymore.
The entire planet will see a massive economic boom as their industries step up to fill the vacuum America used to occupy, and America will be left behind.
OMG you are seriously not gonna believe this. I trust Rachel Maddow but if it were anyone else reporting this I’d be convinced this is fake news. Unbelievable but unfortunately, totally believable. How the f@ck could Congress let this continue to happen????
My family (the contingent still on Bookface) is convinced that it will be the greatest boon to the US economy in terms of manufacturing and jobs, if we just endure 15-20 years of hardship to get there. Uhm, we *were* doing fine, so why are we sawing off our arm and hoping it grows back stronger?
LoL the taxes are paid by America. In fact by american citizens. The merchandise will have the same price as anywhere but added trump taxes which the importer will have to put on the end user.
Dude. I am not on a Gaza side, I am sorry to break this to you. HAMAS is only the Iran arm into land without a clear policy. HAMAS does not care about Gaza they are just, like u said, Iran robots. I don't say that is right what is going on, I am saying that Gaza will be a lot better without HAMAS.
Good luck explaining any of this to the MAGA morons! The US school system needs major reforms, adding financial literacy, mental health education, critical thinking, comprehensive civics, etc. Maybe then, the next generation wouldn't be as ignorant?
Obvious to us, but maga has to FEEL THE PAIN. They don't read, are wilfully ignorant, still believe tRump is a good businessman, and still need to won the libs cause Republicans told them we're they're enemy. Nothing further from the truth or facts.
I agree, but he’s also nothing more than a sock puppet for those whose policy ideas are being advanced, the ones hell bent on finalizing their infiltration and usurpation of the government. He’s never thought out a long term plan (P2025) like they have, but he is the perfect distraction for it.
Ben Meiselas offers da most cogent hypothesis on why Trump & his #Project1860 admin CRONIE$ say they’re STICKING w/ the MORONIC & DESTRUCTIVE #TrumpTariffsWar — he DOESN’T GIVE A FUCK in “following the AUTHORITARIAN PLAYBOOK‼️”
Russia’s🇷🇺☠️Putin & N. Korea’s🇰🇵☠️KJU also BASK in their citizens’☠️SUFFERING‼️
Ben Meiselas offers da most cogent hypothesis on why Trump & his #Project1860 admin CRONIE$ say they’re STICKING w/ the MORONIC & DESTRUCTIVE #TrumpTariffsWar — he DOESN’T GIVE A FUCK in “following the AUTHORITARIAN PLAYBOOK‼️”
Russia’s🇷🇺☠️Putin & N. Korea’s🇰🇵☠️KJU also BASK in their citizens’☠️SUFFERING‼️
Well no, I don't think he has claimed it to be about the tariffs. Free trade is bad for every day people and tariffs are good. It's just that whoever controls stupid Trump has applied them completely wrong.
Excellent, concise analysis of the Trump #tariffs.
(Spoiler alert: Trump’s formulaic tariffs are stupid and will hurt Americans)
Trump is a walking example of Dunning-Kruger effect. He is too stupid to understand his own idiocy, and hence, thinks he is a genius and this is all simple. It is not.
Trump has a specific mission to become as rich as possible. To have the world countries and corporations kneel before him and give him what he wants. And when whe market can't get lower. Buy! Buy! Buy! He will be rich beyond his wildest dreams. Not us.
Je surely heard that during his last visit in Russia. Russia wins with everything that hurts the democracies who just also depend on others democracies
Should be but that would assume the Donald Trump has a brain that is functioning normally. He does not. Nor do the MAGA idiots that sell their souls to do his bidding… this now includes Schumer… who gave Trump a pass…
It’s not a mistake when you understand that Trump is working for Putin. When he has emptied the treasury and bankrupted America and turned all the stolen money into crypto, what’s to keep him from flying to Russia with it all as the US burns to the ground with all of us trapped inside?
Exactly he knows his president whatever he says or does affects the stock market he's probably got a whole floor of traders in Trump Tower just buying up all that cheap stock right now waiting for, "he's going to make an announcement" market went up when they heard the rumor he was going to pause ts
Probably worse than that. He’s got his pals Putin & MBS doing the trading. He gets the profits in his trades, plus a big chunk of profit share from *their* trades.
The American people get fucked, and adversaries profit. That part is just the cherry on top for all three parties.
“Disaster” is quite literally the entire point. The tariffs aren’t designed to make sense.
They are designed to cripple what exists to amass loyalty and wealth from the desperate rich who believe leaving the 99% behind is the only way forward.
It's a really great explanation of how Trump is an idiot. Lots of us here were already in agreement, even without the charts. Now, what do we do with him?
Fox News has convinced gullible Americans that intelligence is bad— that knowledge is not needed! They manufacture “alternate reality” on an industrial scale every day proving— ANY idiot can run the country!!! 🤡🚩🚩🚩
Yeah, but you have to remember, The Economist is a notoriously far-left, Marxist-Leninist Communist publication. I mean, it is, right? Because Trump couldn't be that dumb, could he? Bueller? ... Bueller? ... Bueller?
Great, easy to understand explanation! Thanks for sharing. Oh, BTW, we’re effed! Thanks to the Chief Simpleton, his minions and the selfish 1/3 of the population that voted for The Creature!
is amazing how the people that are gonna suffer the most from the tariffs are the americans themselves, most of the export that was going to america from smaller economies is simply going to shift to china so we're barely going to feel it
Let's spend some time convincing people that Trump is insane
Don't explain logically how everything he is doing is hurting the country
Instead explain why the man is completely medically and legally nuts
He has disassociated himself out of our reality and into his own world where
He is king
Not to mention, the dip is the result of shareholders selling off stocks.
90% of the market relies on the "numbers go up" idea. Nobody really profits from these crashes. Not without foresight and short sells which are a gamble.
the part about diamonds sounds like the ancient bartering system, you have a goat and I have chickens, I want your goat which weights 50 lbs, so I will give you ten chickens that weight 5 lbs each, sounds like a fair deal to me, let me get my cellphone and post it on truth social
They want to raise taxes on the working class (without calling them taxes - so they call them tariffs that ‘other countries will pay’- sure, ok.) Then they will funnel that tax money up to wealthy corporations and billionaires. So the tariff operation is working perfectly.
It should have been obvious that Trump would be bad for the economy and that his tariffs were just nonsense. But the media refused to do proper reporting and made him look confident and strong and invincible, playing into the narrative and not calling out his clear lack of real plans.
I'm not sure the tariffs are part of Project 2025 at all. Putting tariffs on everyone (including that penguin island) but not Russia seems to be a very Trump-specific decision.
The penguins were just a cute distraction remember Trump not only owes the heritage foundation he owes Musk he owes Russia and Saudi Arabia I'm sure there's a few other people that he owes. And they all love the Christofascism of project 2025
I know. It's sad to realize millions of brainwashed Americans believe it won't hurt them and the ones that do, are too late. Their vote caused this. I also believe Musky messed with the numbers in the swing states.
IMPEACH THE PSYCHOPATH PRESIDENT
DEPORT THE THIEVING BILLIONAIRE
PROSECUTE ENABLING ACCOMPLICES
RECALL COWARDLY SENATORS AND REPRESENTATIVES
"HANDS OFF" SOCIAL SECURITY
I PAYED IN TO IT EVERY PAYCHECK IT'S MY MONEY
"HANDS OFF"
GOD SAVE THE REPUBLIC
STOP THE MADNESS
NEVER SURRENDER
STOP THE COUP NOW
When a third of "americans" don't vote and another third believe and embrace unbelievable political lies and just let the chump maggots take whatever they want, nothing is obvious. No offense intended.
I like that he was able to point out how stupid this whole thing is without even mentioning the penguins, or that this whole thing was the brainchild of someone that doesn’t exist.
Lol takes smart wyt man to remind maga fucker men that their psycho wyt man messiah ISNT PERFECT AT STRATEGY AFTER RUINING EVERYTHING HE'S EVER DONE? Got it.
Should be are the operative words. Too many people choose to not educate themselves on the issues, lean in on their isms/schisms, focus on distractions, and instead, become Pied Piper children.
People need to stop calling it a deficit as a lot of people think it means “ripping the USA off”. In simpler terms just say the US imports more….due to their massive population.
Tariffs are one thing. Trump doesn’t seem to care at all that tourism is also being hit badly. It’s going to be difficult to separate all the different negative impacts: tariffs, tourism and boycotts on the US economy and jobs.
I actually think that he knows all of this. I think the delusional part is that he and his administration think that it's going to result in a flood of money that they can just put in the bank. It's not. It's just elevated prices. I'm not sure why that message isn't cutting through.
I think you're conflating accident with mistake. Mistake just means the action was misguided or wrong, whether intentional or not. The tariffs are both misguided and wrong, i.e. a mistake.
No, I am not conflating accident with a mistake, since it is neither a mistake, nor an accident, nor misguided, but knowingly, intentionally and purposefully planned to crash the economy. Using the word "mistake", leaves the impression that they are simply misguided or accidentally did something.
Hmm, you included accident in your explanation that you didn't mean accident.
I understand your point, but mistake does not mean it was done accidentally. For example, It was a mistake to quit my job before I had a new job lined up. I quit intentionally, but it was still a mistake.
The literal dictionary definition of "mistake" is "an error of fault resulting from a defective judgment, deficient knowledge, or carelessness" (AHD, 5th edition) Trump's was no "error or fault resulting from a defective judgment, deficient knowledge, or carelessness", but a deliberate decision.
Yes, but America has children they seem to be willing to put to work...standby for the reintroduction of debtor prisons and an abundance of industrial smog.
But the Economist is using logic and an understanding of international trade to make these claims while the felon is using stupidity, naivety, and insanity to create the tariffs. That's why magats think tariffs are the way to go. That's not fair.🤪
It's a failure to understand the simplicity of double-entry accounting. Sure, you spend money to get something, but you gain a good or service of equal value. Nothing is lossed or gained within any single transaction. Wealth is created between transactions by having a supply of goods to convert.
It should also be obvious that this has nothing to do with trade policy and all about abusing his office in order to create subservience from business and foreign leaders.
It should also be said that he does not have the power to do this unilaterally without Congress. His party is just spineless.
I think tariffs are a fantastic way to transfer more wealth to the ownership class and bring on gilded age 2.0.
Dont think Tangerine terror believes tariffs are good. I think he needs his base to believe that. I think he and his cronies know it's a great way to buy assets on the cheap.
Serfdom is the goal. A small handful of people have all the resources and power, the rest grovel for basic necessities. He'll keep supporters by blaming the boogie man (immigrants/trans) That doesn't work, there will be a deadly false flag that will scare everyone into submission
Super frustrating to learn about this stuff in high school and see it play out in real time. Like, guys. It's part of our basic education. Let's maybe not play into the fascists guide to manufactured crises.
What sort of baboon-like brain was used to come up with that shit?!
Oh that’s right the #ConvictedOrangeFELON47 doesn’t have a brain!
Instead there’s a hole in the cranium, between the ears, filled with fart gas!
Even folks that are not economists have figured this out. Any country with a smaller population than the US simply cannot afford to reciprocate the same amount of trade—fewer consumers equals less need for goods. And EVERY country has a smaller population except for China and India.
i feel that way about everything that's happening, but if i had to have an 'economics' discussion w/ a t💩t*rd, even agreement that 2+2=4 would not be outside the realm of pre-agreed facts required.😁
This was never about trade or the economy. This was about his ego and refusing to admit he was wrong. He'll burn down this whole country and still refuse to admit he did anything wrong
Now you all know how Trump bankrupted several of his companies, including a casino! a business where The House always wins! Between Republicans & Trump, they are doing to the US what Sam Brownback did to Kansas. Republicans already own most of our National Debt. Trump is a business flunky & crook!
Maybe, but how can we know if this intelligent man, speaking in normal tones about sensible things has ever pretended to be a great businessman while hosting a game show?
It doesn't matter how wrong his reasoning is. HE DOESN'T CARE. He's doing what he ALWAYS does: lying to get what he wants. He doesn't care how stupid he sounds as long as he gets what he wants...he wants to bully the world. He gets off on it. That's it. It's part of his "I'm a victim" narrative.
Trump’s “reciprocal tariffs” are cosplay economics.
They don’t match how trade works.
They hike prices and punish exports. It’s fake fairness. He doesn’t know what he’s doing. Again.
He's going to drive the country to bankruptcy like his other businesses - so another country (like Russia) will bail him out in exchange for real valuable information.
It’s a psyop to distract from an upcoming war with Iran. The louder the better….. Have you heard the Supreme Court denied the return of the innocent Venezuelan? Scheduled outrage. It’s all a DISTRACTION 🇺🇸
all you needed to do was look at Lesotho and Heard & McDonald Islands to see how batshit the tariffs are. how do you justify a 50% tarrif on a country most American cant even point to on a map and islands that have 0 inhabitants without sounding like you know literally nothing?
Comments
Recession is a good thing for the capitalist class
https://youtu.be/_Y_4wdx0vfI?si=CVSjdfSGm9Ycv6QX
(I love that "Ron Vara"'s (Peter Navarro's) complex algorithm is also B.S. 👇
" Δτi = xi - mi / ε * φ * mi " 🤣)
Also he is probably waiting to extort the different industries to pay him to lift the tariffs.
This is why he wants to wait to change anything.
He’s waiting to be paid.
It’s always abuse of power with a rapist.
The entire planet will see a massive economic boom as their industries step up to fill the vacuum America used to occupy, and America will be left behind.
What if he is actually trying to achieve what is happening?
https://www.rawstory.com/trump-tariffs-2671678361/
#Felon47 ist a #Loser and #Whiner with small hands. :-)
They'll weather the storm, use their remaining billions to buy up the rest.
This is what resetting (liberating) the economy means.
It's being liberated from the middle class.
France solved this with the guillotine.
Because injustice can never succeed.
It's deliberate and evil
Y'all take too much agency away from him
Russia’s🇷🇺☠️Putin & N. Korea’s🇰🇵☠️KJU also BASK in their citizens’☠️SUFFERING‼️
Russia’s🇷🇺☠️Putin & N. Korea’s🇰🇵☠️KJU also BASK in their citizens’☠️SUFFERING‼️
Trump "No."
So, it's not really about tariffs, I guess.
(Spoiler alert: Trump’s formulaic tariffs are stupid and will hurt Americans)
Trump is a walking example of Dunning-Kruger effect. He is too stupid to understand his own idiocy, and hence, thinks he is a genius and this is all simple. It is not.
The US has huge advantages in services.
So there is more or less balanced trade in goods & services.
Trump has no long term vision, never did. It’s always PUMP & DUMP, fast money grab, whether he’s selling mattresses, NFTs, casinos
Same with wives
The American people get fucked, and adversaries profit. That part is just the cherry on top for all three parties.
But obvious does work on ignorance.
Please tell him to fuck off at every opportunity.
Tariffs are expected to generate about $800B
which will be used to meet obligations to those
who helped put administration in power.
Translation: tariffs are another transfer of cash from taxpayers to Trump's billionaire buddies.
Tariffs don't balance anything.
They are designed to cripple what exists to amass loyalty and wealth from the desperate rich who believe leaving the 99% behind is the only way forward.
Don't explain logically how everything he is doing is hurting the country
Instead explain why the man is completely medically and legally nuts
He has disassociated himself out of our reality and into his own world where
He is king
It's not a mistake, it's working as intended ... Against the US, for the pockets of his owners.
They are buying up the world on the cheap, after he invents a fake recession.
He will then reverse course and they profit from the recovery.
People could've done that back in 2019 when the Dow was in the high 20ks low 30ks.
And again when the stocks were lower than they are now when Russia first invaded.
Impractical.
90% of the market relies on the "numbers go up" idea. Nobody really profits from these crashes. Not without foresight and short sells which are a gamble.
Billionaires have made many more billions in the intervening years, selling scams and buying politicians
If you want to own the world, you need repeated booms and busts, the timing of which you know and can abuse
Exactly what he is producing
DEPORT THE THIEVING BILLIONAIRE
PROSECUTE ENABLING ACCOMPLICES
RECALL COWARDLY SENATORS AND REPRESENTATIVES
"HANDS OFF" SOCIAL SECURITY
I PAYED IN TO IT EVERY PAYCHECK IT'S MY MONEY
"HANDS OFF"
GOD SAVE THE REPUBLIC
STOP THE MADNESS
NEVER SURRENDER
STOP THE COUP NOW
What’s one way to reduce reduce this cost? Universal healthcare.
But you’re forgetting that all of our U.S. millennials are go getters and are chomping at the bit to work for a decent wage.
#DonTheCon vict
#WPE
🇺🇸💩🔥
2 minutes
https://youtu.be/Vib5FVWBW2U
China's fault
Not the oligarchs refusal 2pay taxes
UNI showed if the 8oligarchs pay only 10% tax 80% of us 💰 pb will be solved!
I understand your point, but mistake does not mean it was done accidentally. For example, It was a mistake to quit my job before I had a new job lined up. I quit intentionally, but it was still a mistake.
#TrumpsCrash
It should also be said that he does not have the power to do this unilaterally without Congress. His party is just spineless.
Dont think Tangerine terror believes tariffs are good. I think he needs his base to believe that. I think he and his cronies know it's a great way to buy assets on the cheap.
Oh that’s right the #ConvictedOrangeFELON47 doesn’t have a brain!
Instead there’s a hole in the cranium, between the ears, filled with fart gas!
#𝐵𝑙𝑢𝑒𝑠𝑘𝑦 💙 #Resist
Privatize the profits, and socialize the losses.
They don’t match how trade works.
They hike prices and punish exports. It’s fake fairness. He doesn’t know what he’s doing. Again.
And his main opposition has been taking reality for granted and doing as much as they can to discourage actually banding together.