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Comment on New modelling reveals full impact of Trump’s ‘Liberation Day’ tariffs – with the US hit hardest

I want to see Trump fall on his face as much as the next guy but, is there any chance this is actually going to work? Even in isolated cases?

The US’ own industry groups are saying it’s fucked.

Most countries seem more determined to hunker down the harder they’re hit.

Canada for example seems to have suddenly lurched back to the left and are ready to stand their ground just on principle. I presume Mexico is the same.

Certainly this stuff isn’t helping conservative politics in Australia and in fact will possibly or even likely cost our conservative party the next election.

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ultranaut@lemmy.world ⁨1⁩ ⁨day⁩ ago
Not really. Tariffs can accomplish legitimate policy goals but this approach of starting a massive trade war with every major trading partner simultaneously is not an effective strategy for accomplishing anything. Inflation is all but guaranteed to return now.

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- bingBingBongBong@lemm.ee ⁨1⁩ ⁨day⁩ ago
  I honestly think that this should not be viewed to the lense of legitimate economic policy. This is blatant treason - exempting russian oligarchs from sanctions, while simultaneously crippling the US economy for decades to come.
  
  This is no administration, it is a flat-out russian occupation of the US.
  
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  - LesserAbe@lemmy.world ⁨1⁩ ⁨day⁩ ago
    It’s not about exempting Russians specifically, it’s about bullying everyone into kissing Trump’s ring. If you run a business or a country you have to go kiss his ass in exchange for an exemption from tariffs.
    
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ininewcrow@lemmy.ca ⁨1⁩ ⁨day⁩ ago
The US is backing itself into a corner … and when you corner animals, they tend to strike out at things

War is the only industry that American prides itself for the profit and I’ve got a bad feeling that the only answer the Americans will come up with is to come up with a war of some kind in some part of the globe. A war where they will force themselves to fire up their war machine and force their country to produce stuff because of conflict. Same old tactic as always … except this time, they will really have to scrape the bottom of the barrel to find a reason to go to war somewhere.

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- Bubbaonthebeach@lemmy.ca ⁨1⁩ ⁨day⁩ ago
  Probably true. It is Trump backing the US into a corner. No other country in backing them there. Americans need to decide, do they get rid of him, or are they willingly sacrificing their family members so he can increase his net wealth (and that of his kids) at average Americans’ expense? Unfortunately I expect Americans will be “patriotic” and die to give Trump not only all their money but also their health and lives.
  
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  - null_dot@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago
    Yeah. Hardships won’t dissuade Trump supporters, it’s just fuel for fascist agendas.
    
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    te_abstract_art@lemmy.world ⁨1⁩ ⁨day⁩ ago
    "Hmmm things seem to be worse since Trump was elected. Maybe it’s because we didn’t go far enough to the right?"
    
    MAGA crowds, probably
    
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- Objection@lemmy.ml ⁨1⁩ ⁨day⁩ ago
  
  A war where they will force themselves to fire up their war machine and force their country to produce stuff because of conflict. Same old tactic as always … except this time, they will really have to scrape the bottom of the barrel to find a reason to go to war somewhere.
  
  We’ve already got the war machine fired up. 20 years in Afghanistan and then straight into Ukraine and Palestine, while sabre-rattling with China to justify more defense spending. Biden increased military spending to an all time high (before counting all the foreign aid), higher than the next 9 countries combined.
  
  Americans love war so much that they hardly need a reason. Every war starts with overwhelming support, with only a few cranks holding out. In time, people sour on the war and start giving up on it, but, like Lucy tempting Charlie Brown with a football, all they have to do it again somewhere else and they’ll immediately be all for it.
  
  If they’re crazy enough to want it, it’d be trivially easy to start a war with China (or anywhere else) in a way that nearly everyone would be on board. We’re talking about a country where 30% of one party and 19% of the other support bombing Agrabah, a country that doesn’t even exist.
  
  We’re definitely always going to be in a constant state of conflict, like this right now where we have at least three proxy wars going is our “zero point.” I just hope it doesn’t reach the point of ending the world in nuclear hellfire on the way out.
  
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hexaflexagonbear@hexbear.net ⁨1⁩ ⁨day⁩ ago
Canada hasn’t lurched back to the left, Carney has adopted virtually every conservative talking point and policy. Poulievre was soft on the US, and Carney is perceived as the “reasonable” option for enacting the conservative platform PP pitched. There is an odd progressive policy here and there, both as a play for the NDP, and because the moment requires them to (primarily due to housing crisis). But don’t think this is a dramatic shift in the Canadian political landscape, we are likely headed for a very conservative Liberal party. We will likely see a fair bit of austerity outside of housing policy, there will almost surely be a federal hiring freeze and probable layoffs.

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