keccers
@keccers.eth
“I’m sorry I can’t be particularly positive.” https://www.semafor.com/article/02/27/2025/american-business-leaders-are-turning-on-trump-fast
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eggman 🔵
@eggman.eth
Yeah, I’m not sure what the game plan is here. Tariffs are like an aggressive and sudden form of inflation for common people. Basically a 25% tax on everything. Which results in people spending more to get the same goods, meaning less cash for luxuries. Businesses see less sales (lop-sided for luxuries), and have a new 25% tax bill on most goods. Revenues at said businesses decline, leading to hiring freezes and then job losses. The consumer has even less money, and consumer spending starts tanking. Businesses see even less sales, and the contagion starts hitting shipment/freight firms, then into foreign economies. Double the effect for any retaliatory tariffs. The cycle repeats itself then until something in the financial system snaps, giving central banks the option of zero’ing rates (surging inflation), or facing into a massive recession. And I think that’s the point. That fucking clown wants zero rates and will nuke the economy to get them.
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keccers
@keccers.eth
In some world this is mitigated by restarting 🇺🇸 manufacturing. But that would take an infusion of gov cash too I believe which they don’t seem willing to do? They are even nuking CHIPS? idk man…. Idk
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eggman 🔵
@eggman.eth
Restarting manufacturing would definitely help, but it’s not something that can be achieved very quickly. TSMC is essentially a city in itself - getting some fabs built and online within 4 years would be challenging enough, but something like TSMC would take well over a decade. In which time, they’d be leapfrogged in tech, likely by Chinese mainland foundries. Since let’s be honest, Intel are the only other competitor and they’re still longing for the days of adding another + to 14nm.
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