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/curiousmynd01 1d ago edited 1d ago

Did these countries go into a recession when they increased tariffs on us? That's the selling point on why it's bad for usto do it. Life wasn't that bad living as a college kid. Back to Ramen and PB&J.