return2ozma@lemmy.world to News@lemmy.world · 11 days agoTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.comexternal-linkmessage-square44fedilinkarrow-up1405arrow-down13
arrow-up1402arrow-down1external-linkTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 11 days agomessage-square44fedilink
minus-squarereturn2ozma@lemmy.worldOPlinkfedilinkarrow-up33arrow-down1·11 days agoWhat?! No! We’re all going to work in American factories! /s
minus-squarecoyootje@lemmy.worldlinkfedilinkarrow-up21·11 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-squareqprimed@lemmy.mllinkfedilinkEnglisharrow-up9·11 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
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.