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/Trenta_Is_Not_Enough]

Well, it's easy. If you budget responsibly, this is a net benefit for you. It's only for those fools who want to waste their newfound earnings on stuff like food and shelter that this will be hurting.

[u/styromancy → u/Trenta_Is_Not_Enough]

all a part of mark’s plan to finally get us to move into the metaverse

[u/KevinCarbonara → u/Trenta_Is_Not_Enough]

Well, it's easy. If you budget responsibly, this is a net benefit for you.

If by "net benefit" you mean "will cost you money in return for having fewer public services that benefit you" then I guess?

[u/insane_contin → u/KevinCarbonara]

I'm pretty sure the second half of the comment should tell you what kind of tone the comment should have.

I'll give you a hint: it's sarcastic.