This is the imbalance that needs correcting.
— Punshhh
Is it? — Banno
Why wouldn't you expect half of the world's population to produce half of the stuff and get half of the profits? — Banno
...the fanfare surrounding the announcement masks a much larger gamble. What’s really at stake is trust – America’s long-standing reputation as a stable and predictable destination for global investment. And once that trust is lost, it’s incredibly hard to win back. — Trump’s ‘Liberation Day’ tariffs are the highest in decades − an economist explains how that could hurt the US
Not enough to offset the tax from his tariffs and the gutting of government programs from DOGE. But hey no taxes on tips... if we're lucky.
Decreased government spending and tax cuts will certainly offset the cost of tariffs to the American public. Whether they can pass the tax bills is the problem. — NOS4A2
The world is flipping out with retaliatory tariffs but the tariff is a tax on Americans. So it’s odd that they spin around and tax their own citizens, and in a Trumpian way. It’s astounding. — NOS4A2
It turns out, that after the Laura Loomer meeting, Trump didn’t just fire the head and deputy head of the NSA. He fired four others as well.
These tarriffs have been dictated by Trump, with neither Congressional nor Senate contribution or approval. There can be no doubt that Trump is now a dictator. — Wayfarer
Yes, in an ideal world, but it is not an ideal world.Wouldn't you expect half of the world's population to produce half of the stuff and get half of the profits?
If so, then why don't people do anything about it? Why is everyone just accepting that all of this is going on — Christoffer
↪Joshs
Have you spoken with an expert in economics or geopolitics about these predictions? There are a number of educated opinions on Reddit, although the moderator on AskEconomics just locked the thread because it was getting too rambunctious. — frank
Some believe the U.S. is strategically positioned to leverage tariff-induced chaos in order to push for a "Mar-a-Lago Accord" that could simultaneously weaken the dollar and preserve its status as the world's reserve currency, ultimately leading to re-industrialization — praxis
I have been obsessively reading everything I can get my hands on by economists, both liberal and conservative. None of them are foolish enough to ‘declare’ a recession before it begins, but there is a consensus that what is happening now is a profound shock to the global economy the likes of which hasn’t been seen in 95 years. — Joshs
That said, one expert opinion is that recession probably wouldn't be caused directly by the tariffs, but rather by the fear inspired by them — frank
It’s impossible for a company to invest in expansion if there isn’t predictability over a 5 year horizon — Joshs
Black swan events happen often enough that every company takes risks to expand. But if anything, a lot of American companies should look for an increase in demand resulting from the tariffs. — frank
but businesses don’t expect Black Swan events to be caused by the policy whims of a dictator, which is why there is little urge to invest in authoritarian regimes where policy changes on a dime. — Joshs
There may be a temporary increase in demand, but in the longer term American companies will not be able to compete with foreign companies who re-assemble cheaper supply chains excluding the U.S. — Joshs
Get involved in philosophical discussions about knowledge, truth, language, consciousness, science, politics, religion, logic and mathematics, art, history, and lots more. No ads, no clutter, and very little agreement — just fascinating conversations.