Trump Blows Up US Economy

Trump has put massive tariffs on every single country in the world. This is the largest sales tax increase in American history. There is a baseline 10% tariff on all goods regardless of country, but some countries have higher tariffs than others. Japan has a 24% tariff. The European Union got a 20% tariff, the UK 10%, Australia 10%, Switzerland 31%. China 34%, Vietnam 46%, India 26%, South Korea 25%, Israel 17%, the list goes on and on. The dollar has now collapsed in value and the stock market has totally tanked and it’s not even open, it’s tanking during after hours trading… So when the market opens tomorrow, it’s going to be a bloodbath. Economists say that trillions of dollars will be wiped from the US economy tomorrow. These are not reciprocal tariffs because Trump is counting VAT taxes as tariffs, and they simply aren’t tariffs. Because in reality, the EU’s tariffs are only slightly higher than the US’s default 2% tariff… so he’s counting the VAT to try to justify this. These tariffs are higher than the Smoot-Hawley tariffs which sent the US deeper into the great depression. And US GDP was already projected to fall by nearly 4% this past quarter, and that was before these tariffs. One expert said - For economists, the tariff spectacle currently coming out of the White House econ team is akin to watching NASA being taken over by astrologers and repurposing the International Space Station to charge magic healing crystals with moonbeams. It's called Liberation Day because he’s liberating you from your disposable income.

#usa #trump #economy

[ronithemangles]

Great depression❌
Outstanding depression ✅

[wifi_soldier]

POV China:
Step 1: Do nothing
Step 2: Profit.

[starmada]

I’m so tired of living through major historical events…

[FrikInCasualMode]

Not every single country. Russia and Belarus remain tariff-free. Guess Don Donny didn't want to upset his best friend Vlad.

[nenve]

The sad part... is that a lot of us knew this was going to happen. The man LITERALLY said he was going to do this while running for presidency. And people still voted for him, that's sooo depressing.

[tacosforlife]

Man bankrupted a casino, now he wants to bankrupt a country

[southpaw]

Can’t wait to see that Trump bot that floods the comments say this is a good thing for our economy and we’re gonna be perfectly fine

[SandStoneofArabia]

Make America Great Again ❌
Make Great Depression Again ✔

[stranger_]

Same guy who said that we would win so much because of the stock market going up that we would be tired of winning

[owenwatkins]

Can't wait for grocery prices to jump 30% because farmers have to raise the prices because the cost of fertilizer and pesticides just shot up massively.

[FaizaTheTempest]

Economists literally warned against voting for this guy

[MaksymCzech]

Trump wisely didn't slap any tariffs on closest US allies: russia, belarus, north korea

[Dulaman]

why do I have to become an adult right when this country's economy goes to shit

[Aqabal]

“The only thing being liberated, is the disposable income in my portfolio”, I couldn’t have said this better myself!

[FashProfash]

Apparently Russia is not on the list.
Huh, who could've thought that dictators tend to collaborate with other dictators.

[Dewombargsegamers]

"We're going to have THE greatest depression, it's gonna be HUUUGE"

[crimsonking]

Who would have thought that a man that experienced six bankruptcies would be a bad president for the economy.

[chipwhitley]

That's ok cause the rich people will still have billions of dollars, and as long as they are fine, he gives 2 squats less

[velentr]

Congratulations _Donald_ .

In less than four months you and your gaggle of cronies have successfully undone what took thousands of statesmen's herculean efforts to achieve:
A *century* of _unprecedented global stability, International cooperation, trust and mutual prosperity._
All of that *_gone_*, like ashes in the wind.

Truely, a _remarkable_ presidential term so far.

[SoulessCorruption]

In regards to the NASA analogy...

STOP GIVING THE IDIOTS IN CHARGE IDEAS!!!!