return2ozma@lemmy.world to News@lemmy.world · 7 days agoTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.comexternal-linkmessage-square48fedilinkarrow-up1440arrow-down16
arrow-up1434arrow-down1external-linkTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 7 days agomessage-square48fedilink
minus-squarereturn2ozma@lemmy.worldOPlinkfedilinkarrow-up40arrow-down2·7 days agoWhat?! No! We’re all going to work in American factories! /s
minus-squarecoyootje@lemmy.worldlinkfedilinkarrow-up25·7 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-up13·7 days agoDon’t worry, it will all trickle down eventually!
minus-squareAsfalttikyntaja@sopuli.xyzlinkfedilinkarrow-up1·6 days agoWhen I was a little bitty baby My mama would rock me in the cradle In them old cotton fields back home
minus-squareqprimed@lemmy.mllinkfedilinkEnglisharrow-up9·7 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.
What?! No! We’re all going to work in American factories! /s
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!
When I was a little bitty baby
My mama would rock me in the cradle
In them old cotton fields back home
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.