Trump tariffs: ruin U.S. economy until 2040

[Anonymous]

Another $6.6 trillion down the drain! That’s a lot of retirement savings wiped out


Trump’s Tariffs Wipe Out Over $6 Trillion on Wall Street in Epic Two-Day Rout

https://www.wsj.com/finance/stocks/u-s-stock-futures-fall-further-after-china-retaliates-against-trump-tariffs-3be33fa7

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:That's odd because I was told the evil orange man was making his billionaire buddies rich, not tanking their market cap

So you're told different things by different people, so what? Both of them could be true (Musk's contracts for example).

What's your point? You think anything you've said makes this shitshow go away? It doesn't.

My investments are largely boring dividend stocks and they're doing just fine, though i wouldnt mind a pullback to buy more.

Mine are too - I have no tech - and I’m still down a hundred grand over the last two days.

Lucky you. We're down $500k.

Republicans are screwed. SO screwed.

Are Republicans really screwed, though? People seem to think it's now the "patriotic" thing to go broke for the "higher good." They are walking behind this guy into the fire, willingly and happily.

Someone already told all the blue collar workers that make stuff that nafta was patriotic and that “free” trade with china was patriotic. Those patriotic moves cost lots of people lots of jobs but you didn’t care because your stocks went up. You didn’t care about the people financially hurt by those “patriotic” moves. And how is it patriotic to be ok with Canada refusing to buy our dairy and beef but we buy there’s. So the guy in Niagara Falls New York can buy Canadian beef or American for exactly the same price but the guy in Niagara Falls Canada had to pay a huge tariff to buy American beef so he will always buy Canadian. Why exactly was that a good a fair arrangement for America? I’m listening.

NAFTA didn’t do anything that wasn’t already happening.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:That's odd because I was told the evil orange man was making his billionaire buddies rich, not tanking their market cap

So you're told different things by different people, so what? Both of them could be true (Musk's contracts for example).

What's your point? You think anything you've said makes this shitshow go away? It doesn't.

My investments are largely boring dividend stocks and they're doing just fine, though i wouldnt mind a pullback to buy more.

Mine are too - I have no tech - and I’m still down a hundred grand over the last two days.

Lucky you. We're down $500k.

Republicans are screwed. SO screwed.

Are Republicans really screwed, though? People seem to think it's now the "patriotic" thing to go broke for the "higher good." They are walking behind this guy into the fire, willingly and happily.

Someone already told all the blue collar workers that make stuff that nafta was patriotic and that “free” trade with china was patriotic. Those patriotic moves cost lots of people lots of jobs but you didn’t care because your stocks went up. You didn’t care about the people financially hurt by those “patriotic” moves. And how is it patriotic to be ok with Canada refusing to buy our dairy and beef but we buy there’s. So the guy in Niagara Falls New York can buy Canadian beef or American for exactly the same price but the guy in Niagara Falls Canada had to pay a huge tariff to buy American beef so he will always buy Canadian. Why exactly was that a good a fair arrangement for America? I’m listening.

You're listening? Really? Good. Then listen up and listen good. The things Trump has been claiming about Canadian tariffs on meat and dairy, and how "unfairly" America has been treated - those are FALSE. Trump is lying. Here are some details about it that you need to listen to: https://www.factcheck.org/2025/04/trumps-misleading-claim-on-canadian-dairy-tariffs/

No, here's something you need to listen to.

[Anonymous]

Critical parts supplier to Boeing & Airbus:

I don’t even want to hear the MBAs, AmCham, Rotary, or Business Roundtable types tell me that Republicans are better for business. It’s patently untrue.

[Anonymous]

I sincerely feel that Trump will pull back on some tariffs and/or Congress/something will disallow them from happening. It's just too gigantic of a mess. Epic and dramatic don't even justify the description. It's beyond illogical. It's too nuts.

The biggest issue is that the damage will be done in terms of relationship management.

Logistically and transactionally, it may be possible to fix things but our reputation globally is at zero.

Nobody wants to have anything to do with us, esp our friends. To me, that's worse even than his plan, you cannot break bonds. Whatever else happens, being alone is a sure losing situation. Every time. Every situation.

We are pretty much done from a long term perspective even without looking at Econ.

[Anonymous]

Bill Clinton's Secretary of Labor said the stock market is not the economy.

However, let's assume it is.

All these savvy investors, why weren't they aware Trump was going to put in these tariffs?
The stock market was fine for two months, and the two months after Trump was elected.

The conclusion is that tariffs are not bad for the economy. Or that the other things trump is doing, like budget cuts, tax cuts, regulatory cuts, are providing a benefit that outweighs the damage caused by tariffs. Even as Trump was putting in some tariffs still no drop in the stock market.

So, what changed to produce this 10% drop in a few days? Clearly the big change has been the level of the tariffs, more than reciprocal. In some cases on countries that have a free trade deal.
Perhaps the market is saying a ten percent chance the economy crashes to 0, or a 20 percent chance it drops by half, or 50% chance it drops by 20%, balancing in that these tariffs might not happen.

But overall the market has signaled that smaller tariffs are not harmful to the economy.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yep, 900 being laid off at Stellantis (maker of Jeeps) as direct consequence of Tariffs.

https://www.cbsnews.com/detroit/news/stellantis-pause-production-windsor-plant-layoff-900-workers-midwest/

The Stellantis and Whirlpool layoffs should be in the FAFO thread. I’m sure the majority of those workers voted for the Orangeman and his tariffs.

Stellantis shut down factories in Canada and Mexico.

Stellantis also laid off over 900 hundred employees across Indiana and Michigan. They reported it’s temporary until they figure out the impact of the tariffs from products made in Canada.

[Anonymous]

Anonymous wrote:

Here’s hoping it is not too little too late.

[Anonymous]

I don't understand this well at all, but apparently the formula they used to calculate tariffs quadrupled what the tariffs should be.

https://www.aei.org/economics/president-trumps-tariff-formula-makes-no-economic-sense-its-also-based-on-an-error/

According to Snopes, social media users had figured out the formula before it was actually published.

https://www.snopes.com/news/2025/04/03/trump-tariff-formula/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:That's odd because I was told the evil orange man was making his billionaire buddies rich, not tanking their market cap

So you're told different things by different people, so what? Both of them could be true (Musk's contracts for example).

What's your point? You think anything you've said makes this shitshow go away? It doesn't.

My investments are largely boring dividend stocks and they're doing just fine, though i wouldnt mind a pullback to buy more.

Mine are too - I have no tech - and I’m still down a hundred grand over the last two days.

Lucky you. We're down $500k.

Republicans are screwed. SO screwed.

Are Republicans really screwed, though? People seem to think it's now the "patriotic" thing to go broke for the "higher good." They are walking behind this guy into the fire, willingly and happily.

Someone already told all the blue collar workers that make stuff that nafta was patriotic and that “free” trade with china was patriotic. Those patriotic moves cost lots of people lots of jobs but you didn’t care because your stocks went up. You didn’t care about the people financially hurt by those “patriotic” moves. And how is it patriotic to be ok with Canada refusing to buy our dairy and beef but we buy there’s. So the guy in Niagara Falls New York can buy Canadian beef or American for exactly the same price but the guy in Niagara Falls Canada had to pay a huge tariff to buy American beef so he will always buy Canadian. Why exactly was that a good a fair arrangement for America? I’m listening.

You're listening? Really? Good. Then listen up and listen good. The things Trump has been claiming about Canadian tariffs on meat and dairy, and how "unfairly" America has been treated - those are FALSE. Trump is lying. Here are some details about it that you need to listen to: https://www.factcheck.org/2025/04/trumps-misleading-claim-on-canadian-dairy-tariffs/

No, here's something you need to listen to.

Spare me the Foghorn Leghorn BS from Kennedy. He lost all credibility LONG ago. Again, the "unfair Canadian tariff" bullshit was DEBUNKED AND IS FALSE.

FALSE. PERIOD.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yep, 900 being laid off at Stellantis (maker of Jeeps) as direct consequence of Tariffs.

https://www.cbsnews.com/detroit/news/stellantis-pause-production-windsor-plant-layoff-900-workers-midwest/

The Stellantis and Whirlpool layoffs should be in the FAFO thread. I’m sure the majority of those workers voted for the Orangeman and his tariffs.

Stellantis shut down factories in Canada and Mexico.

Stellantis also laid off over 900 hundred employees across Indiana and Michigan. They reported it’s temporary until they figure out the impact of the tariffs from products made in Canada.

One of MANY companies laying off.

[Anonymous]

Anonymous wrote:Bill Clinton's Secretary of Labor said the stock market is not the economy.

However, let's assume it is.

All these savvy investors, why weren't they aware Trump was going to put in these tariffs?
The stock market was fine for two months, and the two months after Trump was elected.

The conclusion is that tariffs are not bad for the economy. Or that the other things trump is doing, like budget cuts, tax cuts, regulatory cuts, are providing a benefit that outweighs the damage caused by tariffs. Even as Trump was putting in some tariffs still no drop in the stock market.

So, what changed to produce this 10% drop in a few days? Clearly the big change has been the level of the tariffs, more than reciprocal. In some cases on countries that have a free trade deal.
Perhaps the market is saying a ten percent chance the economy crashes to 0, or a 20 percent chance it drops by half, or 50% chance it drops by 20%, balancing in that these tariffs might not happen.

But overall the market has signaled that smaller tariffs are not harmful to the economy.

Trump's policies have already erased $6 TRILLION from the economy. 401k's, retirement funds, and more. This is a complete disaster.

[Anonymous]

Anonymous wrote:Another $6.6 trillion down the drain! That’s a lot of retirement savings wiped out


Trump’s Tariffs Wipe Out Over $6 Trillion on Wall Street in Epic Two-Day Rout

https://www.wsj.com/finance/stocks/u-s-stock-futures-fall-further-after-china-retaliates-against-trump-tariffs-3be33fa7

Working class retirees are getting wiped out yet somehow they think billionaires need tax cuts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems that China was not persuaded by Bessent’s advice not to impose retaliatory tariffs. And we can expect more from the EU soon. We’re not top dog anymore.

It will be a cold day in hell when China relents to Trump's nonsense, Chinese have a very HIGH threshold for pain especially of the fiscal variety, Trump is way out of his league when dealing with China. They haven't said a single word, it will all be actions, Xi Jingping didn't broadcast his tariff signing ceremony all over the world, he's not a lunatic.

Let's not kid ourselves, Xi is a lunatic too. But he's quieter about it.

And China also depends upon the US markets. Trump's bats*** crazy negotiating tactics are actually best-suited to China. Using them on the rest of the world is just dumb. And harmful to the US and to his plan, whatever that is.

Respectfully, I disagree. China has broadened their markets so much that U.S market is simply one part of their world market. Also, like I said earlier Chinese can suffer and feel the pain a LOT longer than us. I have lived in China, I have worked with Chinese, these are not individualistic societies like ours, these people have deep capabilities to hunker down and bear the fiscal pain, especially for national pride.

They also don't have a choice. We won't soon as well. America has quite literally never experienced this before in the way China or Russia have - but we're about to.

The US is a young country. Make no mistake that in China, best and brightest are in govt, I am Chinese (US citizen). They are not fools. The Chinese are vilified by the west but they do things very well in certain ways. They are of late blending in capitalism and their govt structure is solid because of it. China is a smart country overall. The US is very dependent on everyone coming together - we have to be lucky enough to have a wise administration, a Congress that partners together and just overall good luck in terms of ag and small businesses faring well altogether - a lot of also external stuff like oil prices stable, no natural disasters, etc. it's a lot. Politically, there's no ownership, it's basically luck and timing of who is leading the way. Right now is a good example. China is a machine. You can say what you will about how evil they are but they are very much in control. Nothings perfect in human design but a measured approach is how they navigate. Their model is really not the evil that Americans think it is.