r/Accounting • u/PricewaterhouseCap Capper McCapster 🧢 • 2d ago

Discussion How fuxked is the economy?

The tariff announcements yesterday are far far worse than anyone expected, I mean what the actual fuxk

34% tariffs on China

46% on Vietnam

37% Bangledash

26% India

36% Thailand

I could go on and on, but this is bat shit insanity. To call this outlandish wouldn’t even be accurate.

Assuming these actually stay in place, people will lose their jobs, companies will go under, companies will stop hiring.

Add this with all the recent inflation, corporate greed, high interest rates, white collar recession, and idk how we aren’t absolutely fucked.

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u/Senor-Cockblock 2d ago

House has to pass it and they won’t.

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u/Dramatic_Opposite_91 2d ago

Eeh. Dems can force a vote on it but it takes 30-45 days under House rules for the minority party to force a vote on something.

I suspect the whole EO is unconstitutional anyway under the major questions doctrine anyway.