Murtaza Hussain pfp
Murtaza Hussain
@mazmhussain
I'm getting really concerned about the tariffs Trump has announced. I'm pretty unflappable in general but these decisions are aimed at targeting the main tentpole of U.S. social stability which is the ability of people to spend and consume regardless of prevailing political conditions. If that tentpole gets pulled there's not much else holding up what is otherwise a very atomized and polarized society. Trump argues that he is going to bring back manufacturing jobs to the U.S. with "one weird trick" of imposing tariffs on the rest of the planet. It seems just as likely to me that he will destroy existing U.S. manufacturing businesses while failing to reshore any significant number of new ones. There is no need for any of this, although I'm sure a small handful of well-placed people are set to gain. Genuinely concerning times and we can only hope that the administration backs down, though it seems difficult to unring this bell.
11 replies
4 recasts
51 reactions

sean pfp
sean
@swabbie.eth
If the administration doesn’t back off due to “negotiations” then it’s highly likely congress takes back control of their tariff authority and reverses much of them. There are enough economically literate Republicans to retain sanity
4 replies
1 recast
8 reactions

Purp🇵🇸 pfp
Purp🇵🇸
@purp
I can't wait till they throw lutnick under the bus
1 reply
0 recast
3 reactions

FrameTheGlobeNews pfp
FrameTheGlobeNews
@frametheglobe
Trump wants to deploy austerity measures while bolstering the oligarchs. The eventual goal is centralised power amongst the few who can control rest of the population with ease, I suppose.
0 reply
0 recast
3 reactions

samg.base.eth 🎩🍖 pfp
samg.base.eth 🎩🍖
@samgslastlife
2nd point is spot on. The job losses haven't hit en masse yet, but when they do I hope it wakes people up.
0 reply
0 recast
3 reactions

HH pfp
HH
@hamud
trump applying shock therapy at the US heartlands.
0 reply
1 recast
1 reaction

Dean Pierce 👨‍💻🌎🌍 pfp
Dean Pierce 👨‍💻🌎🌍
@deanpierce.eth
Promises made, promises kept 🤦 It was game over on election night. He promised he would do exactly the things that he's doing. People voted for him anyway because they thought it would be funny or something. There's a slim chance sanity can be restored in 2026, but now's the time to make sure you know your neighbors, and build strong mutual aid networks.
0 reply
0 recast
3 reactions

Vinay Vasanji pfp
Vinay Vasanji
@vinayvasanji.eth
This is a situation where you can't unscramble the egg back into its shell Unfortunately we are following in the same steps that Smooth-Hawley set off on in the 1930s
0 reply
1 recast
1 reaction

SydneyJason pfp
SydneyJason
@sydneyjason
Regardless of how the percentages of the tariffs or future deals play out over the next few months (plus the probably devastating affect on US small businesses + the world as well), we are witnessing a re-alignment of geo political boundaries and alliances. It’s probably the most consequential change in my lifetime. Because at the core, this is now an economic issue, not a political one. And the forest for the trees view here is how do those lines get redrawn, who wins and who’s a target…
0 reply
1 recast
0 reaction

Shant Mesrobian pfp
Shant Mesrobian
@shantmm
Looks like you get all your news from the Los Angeles Times
0 reply
0 recast
0 reaction

gFam.live (UrbanGladiator) pfp
gFam.live (UrbanGladiator)
@gfam
Why would any company choose to invest in the US after witnessing the chaotic climate of the last 3 months? Will the tariffs dramatically change next week? Will they be around for 8 years? Who knows? Corporations want stability above all else.
0 reply
1 recast
5 reactions

Jennifer Tran pfp
Jennifer Tran
@jennifertran
Exactly. It is significantly hard to bring back manufacturing jobs to the US because even with tariffs, US wages are still much, much more. The vast majority of Americans, even those in post-industrial America, are now too used to cheap goods. If they were to implement tariffs to keep American jobs, they should have done it when manufacturing jobs first left the US in the 1970s.
0 reply
1 recast
2 reactions