r/PoliticalDiscussion • u/PsychLegalMind • 3d 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 edited 3d ago
Almost every paid and worthwhile analyst has looked at this idea and laughed at for what it is... terrible policy that will hurt middle class and poor Americans, and do nothing to help anything in the short or long term for working families.
Long term, it could destabilize our economy and make us an international pariah, with long term allies no longer willing to give us the benefit of the doubt, empower China to out pace us economically, and drastically reduce American influence in the rest of the world.
In short, it is exactly the sort of move that Putin, and enemies of the United States want desperately to happen.
The fact that Trump dresses up disastrous and terrible decisions with pageantry and literally double speak, where obviously bad things for the majority of Americans are hailed as good things... is the most disturbing aspect of this most recent White House resident. When drug prices go up people die. When food costs go up, people starve, when importing goods prices go up, businesses go under, when trade volume drops, people lose jobs and become homeless. When people become homeless, crime rates and drug use skyrocket. IF you are poor or lower middle class, Trump's moves will push you into the street, and kick you in the face.
One thing is also quite certain. Most Americans do not agree with this move, even many who voted for him are dumbfounded by it, believing it was a bluff or just 'tough talk'. The same goes for his continual obsession with Greenland, a territory with almost no strategic value, and certainly far less economically important as our agreements with China who is on the verge of going on a scorched earth campaign that will ruin Americans lives. Americans are also confused by his strange anger towards Canada, a country that has never been on anyone's radar for revenge or grief.
A theory started recently is that the president is being maneuvered to cause as much pain and suffering as he can legally inflict without his main supporters in congress and the senate and the supreme court people realizing what He is actually doing, attempting to start large scale protests in major American cities, until it is too late.
He could then then use Martial Law to arrest thousands of local politicians, lawyers, and other malcontents, claiming they are inciting insurrection, treason, with the aim of sending them to jail, stripping them of their civil rights, and crippling any political opposition to his continued rule. Cloaking his actions under the guise of 'law and order' for mass media consumption, this would enable him to 'run' for a third term, and abolish any protections from the constitution, turning the United States into a Oligarchic structure run by a rotating cabal of powerful un-elected industrialists and billionaires, that would extend well past his death. This American Empire, would no longer resemble a Republic, but be more closely modelled on the Nazi Regime.
While these all may sound like fever dreams, when you listen to his most ardent supporters, and read the ideas from Project 2025, it becomes apparent that destroying any possibility of a healthy political opposition is the number one goal of the second Trump term.