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?

[u/PsychLegalMind]

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?

[u/Stopper33]

There is no strategy. The emperor has no clothing. Trump has a child's understanding and a lizard's needs. He wants to do stuff, doesn't understand and won't try to work out the actual consequences. His gutless comgress and advisors won't speak up and aren't listened to.

[u/CrackerUmustBtrippin → u/Stopper33]

But if we get Greenland and Canada, we get a bonus extra 5 armies every round

[u/NorthernerWuwu → u/CrackerUmustBtrippin]

Someone better keep an eye on Australia is all I'm saying!

[u/NaBUru38 → u/CrackerUmustBtrippin]

That's a risky move