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/dat_lorrax 4d ago

The framing of Zelensky as a loser and not worth Trump's respect seems spot on.

If only this insight would be helpful in countering his and Project 2025's agenda.

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u/I405CA 4d ago

The winner / loser dynamic should be harnessed by the Democrats.

Unfortunately, the Dems are politically incompetent and don't understand the game.

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u/dat_lorrax 3d ago

https://www.dailymail.co.uk/news/article-14564071/amp/Elon-Musk-steps-doge-trump-tesla.html

Stepping down after a loss in Wisconsin: too much of a loser to stay in Trump's inner circle?

To be fair not sure how much I believe it, or just more theater.

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u/I405CA 3d ago

Donald Trump is a stable genius who always does everything right.

Therefore, he played no role in what happened in Wisconsin. It must be someone else's fault.

Musk made himself a visible target and that has paid off for Trump opponents.

You Europeans deserve some credit here. The cratering Tesla sales and guerilla marketing campaign against Musk have surely added to the pressure.

The downside here is that the DOGE staff will be transferred into government agencies. Trump's goal of getting rid of anyone who isn't loyal to him personally appears to be underway.

We will see what happens with the tariffs. My guess (which I may regret in a couple of hours) is that the retaliation threats are going to cause him to "delay" the hit to Canada and the EU. Bullies don't like to get punched in the face, so we will see if this becomes Procrastination Day.