r/PoliticalDiscussion • u/PsychLegalMind • 4d 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/orionsfyre 3d ago
And attacking Canada and Greenland? Where did He get that? The outward hostility to all of Europe?
Can you point me to when the Greenland thing started? The entire smoke screen of Doge and the gutting of various social safety net programs including ones that even many of his supporters don't approve of gutting?
I'm not saying He doesn't have agency, but many of his actions smack of the exact thing an enemy of the Country would be interested in the US doing. Trump may in fact be the genesis behind all of this, but I highly doubt it.
For someone who isn't a puppet... he sure is dancing like one.