return2ozma@lemmy.world to News@lemmy.world · 2 months 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 · 2 months agomessage-square44fedilink
minus-squarecoyootje@lemmy.worldlinkfedilinkarrow-up21·2 months 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-up9·2 months 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.
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.