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New modelling reveals full impact of Trump’s ‘Liberation Day’ tariffs – with the US hit hardest
(theconversation.com)
this post was submitted on 03 Apr 2025
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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.
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.
I honestly think that this should not be viewed through 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.
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.