return2ozma@lemmy.world to News@lemmy.world · 12 days agoTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.comexternal-linkmessage-square45fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 12 days agomessage-square45fedilink
minus-squarecoyootje@lemmy.worldlinkfedilinkarrow-up0·12 days agoAll those factories that aren’t there because all companies decided to move them to China (or another overseas country) to cut costs :D
minus-squareTrihilis@ani.sociallinkfedilinkEnglisharrow-up0·12 days agoDon’t worry, it will all trickle down eventually!
minus-squareqprimed@lemmy.mllinkfedilinkEnglisharrow-up0·12 days agobuying consumer crap generally requires consumer income. the us will quickly become a backwater global export destination for anything other than 1% luxury items because the poors will simply be too poor to matter wrt global demand.
All those factories that aren’t there because all companies decided to move them to China (or another overseas country) to cut costs :D
Don’t worry, it will all trickle down eventually!
buying consumer crap generally requires consumer income. the us will quickly become a backwater global export destination for anything other than 1% luxury items because the poors will simply be too poor to matter wrt global demand.