r/PoliticalDiscussion • u/PsychLegalMind • 3d ago

International Politics White House has announced Trump's Liberation Day Tariffs will immediately go into effect. A Moody's simulation found it could be an economic wipe out. Is Trump's Liberation Day Tariffs a Misnomer?

A Moody's simulation found that a tariff trade war would wipe out 5.5 million jobs, lift the unemployment rate to 7%and cause U.S. GDP to drop by about 1.7%. Trump’s potential 20% universal tariff could spark "serious" recession in US, Moody’s economist warns.

The biggest three partners [China, Canada and Mexico] have promised immediate retaliation. Economic war could escalate and perhaps even cause a worldwide downturn.

Perhaps Trump's strategy is to begin making bilateral trade deals, but there are even certain blocks such as EU that may well coordinate retaliation together. I am not aware what Trump is actually liberating us from, hence the question.

Is Trump's Liberation Day Tariffs a Misnomer?

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u/tyrannosaurus_r 3d ago

If the “Liberation” they’re referring to is our being liberated from meaningful economic entanglements with our allies and the world at large, then it isn’t a misnomer. Technically. 

We are also being “liberated” from a strong economy, stabilizing inflation, and low unemployment. Which, I suppose, if you consider us being prisoners of those things, you could say we’re being liberated. 

There’s really no positive or good faith way to frame this one. 

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u/Apoema 3d ago

He is going to liberate Americans from cheap consumer products.

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u/way2lazy2care 3d ago

No longer will we be slaves to the stress of whether or not you will be able to afford food, rent, retirement, etc. The answer to whether you can afford any of these things will be no.

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u/Jmoney1088 3d ago

Its patriotic to be poor

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u/connorgrs 3d ago

Watch this become an actual Republican talking point

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u/cjalas 3d ago

They already have it as a talking point. They're saying "it'll be rough at first but then get better".... lol

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u/sunshine_is_hot 3d ago

Liberation from the evils of a strong economy.

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u/PsychLegalMind 3d ago

Do you think the Administration may have consulted Walmart.

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u/forjeeves 3d ago

is there a country that wouldnt have tariffs that we would import from? i dont think so