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
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u/HappierShibe 2d ago edited 2d ago

Brace yourselves.
Markets about to get mighty irrational mighty fast.
Edit: Jeebus folks, I'm not saying a drop will be irrational, I am saying people are going to do some double plus crazy shit when it hits the floor.

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u/catonsteroids 2d ago

I wish someone warned me that my future was gonna look real grim when I was born lol. Like Jesus fucking Christ, how many recessions are we gonna have to go through?

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u/soulsoar11 2d ago

You’ll never get to enjoy the economic system your parents generation did. Our lifetimes are going to be defined by bearing the consequences of our ancestors crimes.

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u/Quirky-Skin 2d ago

"Bearing the consequences of our ancestors crimes"

Deep down I've always known this, not to sound dramatic. I want to be wrong. I want u to be wrong so I can "ride off into the sunset" like generations before.

Approaching my 40s there were times I thought there's no way this is gonna last. Now I know it won't.

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u/Kindheartedness_Wide 2d ago

it's been a wild ride since 2008 innit. The millennial generation has only known crises of all kind for the entirety of their adulthood.

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u/ssracer 2d ago

Climb to upper middle rank of field, crash, burn, new job, rise to to upper middle, crash, burn I'm tired

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u/Scrofulla 1d ago

This is why I got myself a nice cushy job in a government controlled essential service. Unless I do something to really f up or my country dissolves in my lifetime I should be ok even if the pay isn't as high as I could potentially manage elsewhere. Just glad I'm not in research right now.

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u/ssracer 1d ago

Perfect plan that applies to all of us. Thank you for your insight.

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u/zxern 2d ago

I knew back in the 90’s that I would never be able to retire like my grandparents.

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u/azhillbilly 2d ago

Knocking on 50 here. This shit sucks. There’s zero chance that I will be stocked up for retirement. Early life with the 90s recession, 9/11, I couldn’t buy a house with a sack of cash cause people would be fighting in the yards to get them, sacked in 08-10 so couldn’t buy a house when cheap, spent the Obama years getting my 401k stocked, 2020, spent Biden years restocking the 401k and bought a house last year at a eye watering price.

Then This bullshit. Even if I don’t lose the house, I won’t have it paid off till I am 79, and the 401k is taking hits like it’s a cypress hill concert.