Chuck Darwin on Nostr: Donald Trump may have called #tariffs the “most beautiful word in the dictionary” ...
Donald Trump may have called #tariffs the “most beautiful word in the dictionary” on Tuesday,
but reporting shows that 🔥his economic plans would destroy the economy in nearly every metric.
His isolationist policy would 🔸skyrocket inflation rates,
🔸harm the stock market,
and 🔸damage America’s global economic standing.
A sweeping report from The Washington Post Wednesday found that independent market experts agree that
Trump’s tariff plans would ♦️immediately raise costs to U.S. consumers, rather than make his global adversaries pay as he promises.
At his appearance at the Economic Club of Chicago on Tuesday, Trump bragged about a potential “2,000 percent tariff,”
not entirely out of line of his economic threats he’s levied against Mexico and China recently.
In the past, he has threatened tariffs of 10, 20, 100, 200, or even 1000 percent.
https://newrepublic.com/post/187214/trump-tariffs-plan-demolish-economy-report
but reporting shows that 🔥his economic plans would destroy the economy in nearly every metric.
His isolationist policy would 🔸skyrocket inflation rates,
🔸harm the stock market,
and 🔸damage America’s global economic standing.
A sweeping report from The Washington Post Wednesday found that independent market experts agree that
Trump’s tariff plans would ♦️immediately raise costs to U.S. consumers, rather than make his global adversaries pay as he promises.
At his appearance at the Economic Club of Chicago on Tuesday, Trump bragged about a potential “2,000 percent tariff,”
not entirely out of line of his economic threats he’s levied against Mexico and China recently.
In the past, he has threatened tariffs of 10, 20, 100, 200, or even 1000 percent.
https://newrepublic.com/post/187214/trump-tariffs-plan-demolish-economy-report