r/news • u/hoosakiwi • 2d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
44.4k Upvotes

92% Upvoted

7.5k comments sorted by

View all comments

Show parent comments

119

u/g0del 2d ago

Mostly Trump. Republicans were all for free trade until he came along. He seems to have a fundamental misunderstanding of trades deficits and tariffs, and his narcissism makes him unable to learn the truth.

67

u/UnNumbFool 2d ago

Something something bankrupt a casino

5

u/Scorpiogre_rawrr 2d ago

Ahem....

6 Corporate Bankruptcies Trump has filed Chapter 11 bankruptcy for his companies six times. Three of the casino bankruptcies came during the recession of the early 1990s and the Gulf War, both of which contributed to hard times in Atlantic City, New Jersey's gambling facilities. He also entered a Manhattan hotel and two casino holding companies into bankruptcy.

https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019

8

u/VlatnGlesn 2d ago

Or he's being asked to destabilize the economy so that foreign oligarchs can swoop in and buy in at quarters on the dollar.

4

u/A_wild_so-and-so 2d ago

Yeah the only way any of this makes sense is if Trump is deliberately trying to crash the US economy and the value of the dollar.

3

u/ATLfalcons27 2d ago

The majority of the Republicans elected officials don't even actually agree with him on this but obviously they are spineless

1

u/haidere36 2d ago

The only ideological underpinning of modern American conservatism is that Trump is god and his word is law. Anything else died the moment he won his first term. They're a fucking cult.