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The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
It is kind of seeming like this. Anyone who has a ton of cash on hand can get amazing deals on assets. Trump has said as much.
They are also designed to give Trump leverage over companies and countries.
Kind of like punching your neighbor in the face, shooting yourself in the foot, then begging your neighbor for help.
This is nonsense that gets spread way too often. The wealthy benefited from Covid, but they did not benefit from the Great Depression. Billionaires are shortsighted hoarders who can't help but screw themselves over in their race to the ~~top~~ end. They really are so fucking stupid and greedy that they will crash the economy by accident, AGAIN.
The economists are only “stunned” because they’re used to dealing with logic, reason, and numbers that make sense. You have to throw those things out the window when dealing with Mango Mussolini, folks!
Republicans have been confidently and fully wrong about economics for like a hundred years now dude, a republican making up economic bullshit that will hurt the American people should not be a surprise.
A brain dead Orange Turd running our country. What could go wrong.
Uh excuse me, where is your ridiculously oversized truck and bedsheet-sized flags?
Whoever did those calculations (and it wasn't Trump, since he's innumerate as well as illiterate) based these crude calculations on the assumption that the US economy should have a pairwise zero current-account balance with every country in the world. That's beyond imbecilic.
+10%
Unless you are Russia...
Hey, he used the good crayons
‘Willing sycophants’ came up with simplistic formula that has thrown global economy into disarray
Way to shoot us in the crotch republiQans and eligible non-voters! You suck!
B-but muh egg prices! Also, something something okay with the economy crashing if it owns the libs.
The reason the numbers are idiotic is because they don’t need to make sense. There is no point to these tariffs other than to crash the US economy so that fat cat rich scum can buy everything and create corporate feudalism.
That's what happens when you let an unqualified lunatic make decisions about things he doesn't understand
The only thing that surprised me about the idiotic numbers was that they weren't overwritten by even dumber ones in sharpie.
“[It is] quite an extraordinary calculation after months of work behind the scenes,” said Jim Reid, the global head of macro research at Deutsche Bank. “[It] didn’t add much confidence on there being an in-depth strategic implementation plan.”
lol. First of all Deutsche Bank, how are you still operating, and secondly it's your fucking fault the demented rapist is even here (thanks to Justice Kennedy's son). Thirdly, anyone who thinks a trump administration effort is going to have an "in-depth strategic plan" is smoking crack. (Those of you arguing 'project 2025' remember that came from outside the administration)
Chat, are we cooked? (Yes)
Mentally, this is where I am at: https://youtu.be/rN6fcu1qCcw
Merely watching that guy “dab” was worth it. And he did it three times!
Now this is epic
He absolutely believes he's a genius who has thought of this solution to our economic problems that NOBODY else has ever considered, because nobody is as smart as he is. All this talk of how wrong it is only proves to him how much smarter he is. His tariffs are so innovative, even the most intelligent economists don't get it.
But he does, because he's the most intelligent human to ever exist, and he is thinking way above them.
BREAKING NEWS! The deranged con man game show host is actually a moron. Who could possibly have predicted this?
And 34% on Taiwan won’t help anything either
Fuck this piece of shit.
Odd (not at all) that Russia is not included. I know that we lot do about $3.5 billion in trade with them but some places that we hit with tariffs are not even inhabited.
The thing that makes no sense to me is… who is actually making those calculations?
It sure as hell isn’t trump, I doubt his ability to understand what a trade deficit is.
Is he even capable of describing his goal to someone in a useful way such that they could come up with the calculations?
It's literally chatgpt, or one of the other AIs. They're all spitting out the same nonsense.
I mean vaguely plausible except that I don’t think ChatGPT could do anything with what trump could ask it.
And honestly ChatGPT would probably come up with a much much more sane policy than this one
The dude majored in economics and very clearly does not understand how a trade deficit works.
He barely passed an undergrad econ degree at Wharton. Wharton's MBA program is well-regarded, its undergrad program was, at that time, barely selective.
Rich kids get gentleman Cs like GWB did at Yale. There was no possibility that he wasn't going to pass.
From Trump University?
"Make America Wealthy Again"
Tariffs don't charge the foreign entity
American companies pay the tariffs
The "America" being made wealthy must mean the government
The same government that isn't paying out to USAID, researchers, or anything else DOGE plugged
Less money out, more money in.
This will be remembered as the largest migration of money between classes in US history.
American companies pay the tariffs
American companies pass throught he tariffs. American people pay them.
And you made him president again not mentioning how he was even able to rise so high in power.
United Stupids of America