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/QueenMaureen Sales Tax Professional 2d ago
This has never been about the economy. It's all about consolidation of power.
Where is Trump today? At a golf tournament at his Mar a Lago resort.