Trump faces backlash from business as tariffs ignite inflation fears
Trump faces backlash from business as tariffs ignite inflation fears
Experts warn aggressive trade measures against US allies will hurt consumers and roil supply chains
Summary
Trump’s new tariffs on Canada, Mexico, and China sparked backlash from business groups, economists, and some Republicans, who warn of rising prices and economic disruption.
The tariffs—25% on Canadian and Mexican imports and 10% on Chinese goods—prompted retaliatory measures from Canada and Mexico.
Critics, including the US Chamber of Commerce, call them a tax on American consumers. Economists estimate a $200 billion hit to the US economy, with inflation rising.
Trump defended the move, even suggesting Canada should become the US’s “51st state.”
The point is to crash the economy.
Things will not get better until this economy is buried 6 feet under. Letting it ride out like the previous admin did won’t fix anything.
"backlash"
In the end, corporations that suck Trump's dick will get exemptions, those who don't won't. It'll increase wealth disparity and crush small business / competition.
The suffering is the point.
They had known before the election what he was planning. So how come they are complaining now instead of preventing him before?
They want everything else he is cooking, they think they can control him in this one issue.
I was going to say to have your cake and eat it, but with the price of eggs over there I'm not really sure they could.
man, if only we didn't elect this guy and instead elected the better alternative that was available at the time.
Yeah but she was a "female". Ew, cooties. And Joe Rogan the alpha instructed all of his alpha followers to vote Trump, so they did the alpha thing and obeyed him without making their own informed decisions. And did I mention she's a feemale? I ain't gonna vote for no woke DEI feminist illuminati agenda.
(/s just in case)
I was told by so many people she would have been just as bad because something something capitalism neoliberal status quo centrists.
He just announced he's going to put tariffs on the EU, and said maybe the UK unless they want to make a deal.
This is so mind-numbingly stupid
It's not stupid if a single EU country signs an agreement with the US. Giorgia Meloni was the only EU premier at Mar-a-Lago.
Almost as if the foreign country that helped him win both times has an interest in a weak US economy.
It’s only stupid if one wishes to see the US prosper. Clearly that’s not the plan they are operating from.
Dude, this is what's driving me crazy. He. Does. Not. Care. Putin, China, and Co. all want NATO weakened. And a crippled US that has pissed off all its allies means a severely weakened NATO. It is abundantly clear from allllll the evidence presented over the last 15+ years that Trump is a fucking foreign asset. And the administration that's bolstering him up this time around are a combination of foreign assets and religious fanatics that are too caught up in their own cult to realize they're being used to destroy the US, rather than rebuild it in some glorious Christofascist New Gilead wonderland that they envision.
It's so disgustingly obvious, especially the insanity that Elon Fuckrat is pulling. And if you go in any conservative forum, they're just full steam ahead with the final downfall of US democracy, accusing all liberals of being melodramatic and cultivating conspiracy theories. They actually condone Elon forcing his way into government agencies and hooking up illegal servers to hijack the Federal Government's primary payment distribution system, which in turn gives him the ability to stop payments on virtually everything the government pays for. He can literally cease all payments, including paying interest on our national debt, which could cripple the entire global economy due to the USD being the primary trade currency.
Fuck, man. I've been spiraling all week, it's brutal to experience totalitarianism happening in real-time and seeing only a fraction of the population give a shit.
The fuck did they think was going to happen?
This is the result of a mind that has been fed the myth of "American Exceptionalism" since day one and has never had to suffer the consequences of his actions.
Eh, didn't he piss off American banks so bad he went to Russia for continued financing for his
business dealsuninterrupted largesse?Besides, his father was first generation citizen, his mother was an immigrant. So, no, that's got nothing to do with his motivation here. It fits, however, with getting his
loyal supportersdupes to keep supporting him.
Lmao
Its crazy days right now and something crazy just occurred to me.
(conspiracy theory) We all know trump isn't smart enough to come up with any of this on his own and is just following instructions of people close to him who convince him that he's a big boy by putting all these tariffs in place. Is it possible his cronies are intentionally giving him bad advice putting all these tariffs in place alientating him from his opponents and allies alike so they can use the 25th Amendment to declare trump incompetent putting Vance in charge for 4 years? (/conspiracy theory)
It's far simpler that his handlers are foreign and actors who want the nation destroyed so they can chop it up and auction off the pieces. That motive fits.
His new inner circle are not his handlers; they are new recruits who want to be first in line to buy up the pieces. A billionaire is not a patriot. They don't give two fucks about society - that's why they're billionaires.
It’s far simpler that his handlers are foreign and actors who want the nation destroyed so they can chop it up and auction off the pieces.
If that is true then aren't those foreign actors getting a serious case of "friendly fire" right now? Stalwart allies like Canada and Mexico are getting sanctions for no good reason. Historical economic and espionage foes like China are also getting additional sanctions this week, and Russia is getting its few remaining hydrocarbon delivery methods slapped down (shadow fleet bans and Ukraine turning off methane pipelines).
Wouldn't those groups be incentivize to a trump alternative?
To what end? If what you say is true they should have everything they want with Trump?
Two problems with trump from his handler's perspective.
- Sometimes he goes "off script". (injecting bleach really?!) (Sharpie adding a fake hurricane landing path on a nationally televised alert REALLY?!)
- He's malleable by his ego. trump used to be easily in Bannon's pocket, now Musk has his ear (and the power that comes along with it). Lots of folks worked hard to get trump in power for their own means. I imagine many are not happy that Musk is using them to get his own way and line his own pockets.
I'm not seriously considering this is true, by the way. Its just a manufactured idea that could fit the puzzle we have today.
Not because this is are against fascism, just because Trump is hurting and not online. Don’t take this resistance as anything other than these incredibly shitty companies continuing to be incredibly shitty to protect their self interest interest.
They’re not fighting for you or me, they’re fighting for themselves. That makes them just as horrible as if they had agreed to it. They deserve zero credit.
The enemy of my enemy something something...
JDPON Don.
