• duderium [he/him]@hexbear.net
    link
    fedilink
    English
    arrow-up
    24
    ·
    4 days ago

    Counter prediction: he does it, the economy gets worse but does not collapse, and things just continue to slowly get shittier.

  • Yukiko [she/her]@hexbear.net
    link
    fedilink
    English
    arrow-up
    38
    ·
    4 days ago

    Canada?! Why the hell would he do that to Canada of all places? None of this makes any sense whatsoever. The US doesn’t have the manufacturing capacity to do anything for itself. It’s just going to make consumer goods ungodly expensive.

    • OgdenTO [he/him]@hexbear.net
      link
      fedilink
      English
      arrow-up
      39
      ·
      4 days ago

      Canada spent the last 80 years basing policy and trade directly in support of American interests. At the expense of building trade agreements with China and even europe. Canada is fucked with tariffs. It’s going to throw us into a recession as all prices will be going up. We get most of our stuff from the USA.

      • JayTreeman [none/use name]@hexbear.net
        link
        fedilink
        English
        arrow-up
        18
        ·
        4 days ago

        Canada is already in a recession, if you take housing out of the calculation. Because of our housing situation, it’ll probably do some absolutely bonkers depression type thing.

      • coolusername@lemmy.ml
        link
        fedilink
        English
        arrow-up
        8
        ·
        edit-2
        4 days ago

        you guys should uncoup yourselves. i dont think the US would dare invadee or embargo Canada due to optics anyway

    • hexaflexagonbear [he/him]@hexbear.net
      link
      fedilink
      English
      arrow-up
      27
      ·
      edit-2
      4 days ago

      Both Canada and Mexico doesn’t make sense. NAFTA has made it that supply chains in those countries are heavily reliant on crossing the border. Like I think cars manufactured on the continent have parts that cross the border multiple times. It’s gonna be like a fucking compounding tax on cars lmao.

      A pickup is gonna cost like as much as a house.

  • InevitableSwing [none/use name]@hexbear.net
    link
    fedilink
    English
    arrow-up
    34
    ·
    4 days ago

    He said he would impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one of his first executive orders.

    For me the scariest thing is that if he did that or even half of that - it would damage the economy but - of course - he will escape blame by the republicans. And many independents too? He’ll spew hateful/toxic lies and create scapegoats (for example - “globalists”) and a large percentage of Americans will believe him or sort of believe him or pretend to believe him.

    • mkultrawide [any]@hexbear.net
      link
      fedilink
      English
      arrow-up
      41
      ·
      4 days ago

      I’m not sure about that. There are loyalists on each side who are ride or die no matter what, but whoever is in office tends to take the blame for a bad economy regardless of whether or not it’s their fault.

    • Coolkidbozzy [he/him]@hexbear.net
      link
      fedilink
      English
      arrow-up
      25
      ·
      edit-2
      4 days ago

      Although this would fuck everyone over, it could also put us into a revolutionary situation. A far-right government is doing it, so the left has every opportunity to seize the moment. This is still very scary, but all is not lost

      • Murple_27@lemmy.ml
        link
        fedilink
        English
        arrow-up
        4
        ·
        4 days ago

        Question is do the Liberals get to take credit for it? If they do, then things get fucky again.

  • GrouchyGrouse [he/him]@hexbear.net
    link
    fedilink
    English
    arrow-up
    24
    ·
    4 days ago

    Okay so if his goal (as his followers interpret it, not what he believes, because whatever is rattling around his head is like blonde celebs from the 80s and 90s, the desire to eat a McDonald’s meal, racism, and some sort of deeply nested insecurities his parents put there) is economic protectionism, this will surely backfire and trash the economy like brexit on steroids. This is like sawing off your legs to make you a faster runner.

    There is no way the key holders of the government and economy will let him do this. Unless this is their final plan to Shock Doctrine the USA and firesale everything not nailed down and implement actual feudalism but I somehow doubt they have the stomach to pitch the country into a 40 year recession to do it. Somebody has to know that there aren’t enough raw resources to claw back from this on a time frame that isn’t shit their grandkids will inherit and not themselves.

    Either way this is going to wreck so much shit so I have lots of doubts

    • HamManBad [he/him]@hexbear.net
      link
      fedilink
      English
      arrow-up
      15
      ·
      4 days ago

      this is their final plan to Shock Doctrine the USA and firesale everything not nailed down and implement actual feudalism

      Yes, they have said loudly and explicitly that this is the goal

  • ManFreakBeast [he/him]@hexbear.net
    link
    fedilink
    English
    arrow-up
    16
    ·
    4 days ago

    Lathe time: by some bizarre set of circumstances this actually makes the US economy better and everyone loved Trump (extremely unlikely but hey, we live in strange times).

    • hexaflexagonbear [he/him]@hexbear.net
      link
      fedilink
      English
      arrow-up
      14
      ·
      4 days ago

      There’s a certain amount of vibes when it comes to economy stuff, and investors love Trump. I wouldn’t be surprised if the stock market kept climbing for a bit, CHUDs pretended they were better off than before, and it was all revealed to be a farce at like the first earnings call lol.

  • Murple_27@lemmy.ml
    link
    fedilink
    English
    arrow-up
    13
    ·
    4 days ago

    This will be funny when it bankrupts my employer because they can’t pay to import any of the components we need to make anything at a +30% markup.