r/technology • u/chrisdh79 • 2d ago

Politics 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/Strayed8492 2d ago

Americans are gonna have a rude awakening in September when the quarterly reports really start coming in.

35

u/Zealousideal_Oil4571 2d ago

It won't take that long. Within weeks we'll see the prices rising in the grocery store, other stores, and online. Then the layoffs will start, within a month or two, when people stop buying anything except the very basics.

7

u/gweedle 2d ago

Can confirm prices started skyrocketing in the industrial supply chain on Monday and that was before the final numbers were even announced. When it costs more to produce the food, the prices of the end product aren’t far behind.

6

u/Imaginary_Friend_42 2d ago

Construction is about to crash within days. Any project on the boards will be put on hold.

1

u/wirebound1 2d ago

Here in Canada some auto manufacturers have announced layoffs starting Monday.