Quote:
Originally Posted by afc wimbledon
what tariffs really are as Trump is doing it are a federal sales tax of 25%, but two things will happen, one companies will onshore production but they wont provide the 'good manufacturing jobs' because they cost too much, especially without cheap migrant labor, so the factories will be as close to fully automated as possible, the second thing is people will just buy less (which also reduces employment)
The effect will be much lower than predicted revenue and a recession, good times!!
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Those are huge investment moves, so it's unlikely anything will happen with them for a long time.
Big investments want a predictable economic and legislative environment, a friendly government, and preferably a promising economic development for the country, since the plan would be to build things for the local market, not the international one.
The US is lead by a drug addicted fascist and a senile narcissist who can provide none of those, and the country is looking like a collapsing empire with the worst days of political and economic instability still ahead.