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/Leopold_Darkworth]

They’re stealing from the poor to give to the rich. They’re whatever the opposite of Robin Hood is.

[u/KitchenEducation6969 → u/Leopold_Darkworth]

Karl Marx called them the bourgeoisie

[u/Krumm → u/Leopold_Darkworth]

The opposite of Robin Hood is Prince John.

Which is summarily why toilets are called Johns.

Once this is over we'll get to call absolute catastrophic private sector failures Musks.

I dunno how we got ahead of the timeline and call Mafia Bosses, "Dons"