| It won't be distributing imported parts when no one can afford the tariff-burdened product. |
Usually it is really good for tourism too. However . . . |
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Amazon cutting 16,000 jobs.
UPS cutting an additional 30,000 jobs. Verizon cutting 15,000. Microsoft cutting 16,000 Intel cutting 27,000 Meta cutting 1,500 Nike 775 cut jobs Pintrest to cut 15% of its workforce. Ouch, ouch, ouch. More job cuts to be announced as this is earning season. |
I heard an economist say, “Now is when we will start seeing the negative effects of the tariffs.” |
this is tip of the iceberg, because the layoffs mean less spending on anything not considered core - rent, utilities, food - so all of the discretionary GDP will begin to shrink as our economy spirals the toilet bowl. |
https://www.yahoo.com/finance/news/consumer-confidence-tanks-to-lowest-level-since-2014-155614402.html
Trump is making Biden look a lot better everyday. LOL |
| Gold at $5,330. Silver at $115. |
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Vietnam and the European Union on Thursday upgraded ties to a comprehensive strategic partnership, Vietnam's highest diplomatic level, as both recalibrate trade amid disruptions to global finance driven by U.S. tariff pressure.
Are we winning yet? |