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Reply to "Trump tariffs: ruin U.S. economy until 2040"
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[quote=Anonymous]So these tariffs are on imports. Wait until we get the reaction from the world on exports! You think the current situation is bad but it's only 1/2. The exports will hit the other way - guarantee fall out there too. When you speak of trade it's 2 sides. So Trump wanted to punish countries for not helping the US. I don't think it's about revving up US Econ as it is about pettiness. So he used the trade deficit numbers for math for new tariffs which is not really how you work a tariff! I really think he's going to back this down. Other countries will be cutting us out left and right. Worse scenario we will be screwed on such a level between imports and exports the US will sink into a recession even worse than other countries who at least will form alliances on exports. I just don't think it's actually survivable unless Trump relaxes the current numbers. My bet is that he will and this whole thing is another one of his whims. Seriously, the numbers he has isn't just a hit on the economy it's pretty much suicide. If you know anything about economics you get that. [/quote]
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