
Why don’t you read up how the US became rich and influential because of our soft power and then get back to us with your answer. |
No there is no way this is anything but soul crushing to the Great Depression not just a recession
Wake up people the goal is a dictatorship that is worse than economic disaster. Ugh maga is so stupid math is not that hard . The after hours stock market has lost over $1 trillion in value as the failed White House businessman keeps talking about taxing the American people for everything with his Tariffs Thank you cult of stupidity |
Where are the usual pro-Trumpers telling us why we are wrong? |
LOL. Why don’t you tackle the question? Undoubtedly, the USA as a nation-state gained geopolitical influence, wealth and our UMC in particular watched its consumption/wealth skyrocket due to global trade. But this came at the expense of our domestic manufacturing base and our soft power/wealth gains and influence required the destruction of American labor. Anybody who steps in to try to replace the USA in the global economic order will have to make the same trade off of destroying their manufacturing/labor class. So, again, I ask, which global economic power is going to do that? Yes, these tariffs are extremely disruptive and damaging. But this idea that the world will end and now others will step into the role of the USA is ludicrous. There isn’t another country in the world of economic significance willing to follow America’s footsteps. |
Our economic base transferred away from manufacturing. The only reason we are/were running deficits is because the GOP wanted a huge wealth disparity between the working class and executive class. If our tax policy from pre-W had remained the same, we would be in totally fine shape. But W and then Trump completely exploded the debt without corresponding income. |
👏🏽👏🏽👏🏽 |
So Trump can hold a grudge, but Canada and the world cannot? This is not business as usual… “Trump’s tariffs carry the risk of destroying the global free trade order the United States itself has spear-headed since the Second World War," said Takahide Kiuchi, executive economist at Nomura Research Institute. AND "I see it as a drift of the U.S. and global economy towards worse performance, more uncertainty and possibly heading towards something we could call a global recession," said Antonio Fatas, macroeconomist at the INSEAD business school in France. |