'Catastrophic for American families’: Business leaders react as Trump imposes ‘Liberation Day’ tariffs on world
'Catastrophic for American families’: Business leaders react as Trump imposes ‘Liberation Day’ tariffs on world
Tariff announcements prompted worldwide financial anxiety and opposition from some Republicans on Capitol Hill
Same business leaders that supported Trump.
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“Manufacturers are scrambling to determine the exact implications for their operations,” National Association of Manufacturers president and CEO Jay Timmons said in a statement on Wednesday. “The stakes for manufacturers could not be higher.”
The tariffs, which Trump continues to erroneously claim will mean other countries paying the U.S., will in fact “threaten investment, jobs, supply chains, and, in turn, America’s ability to outcompete other nations and lead as the preeminent manufacturing superpower,” according to Timmons.
That's pretty black and white honestly. You can do all the analysis you like but the president of the National Association of Manufacturers would know.
The hubris here is breath taking. We've all known since 2016 that Trump is an arrogant idiot but this seems to be an order of magnitude above anything that has come before.
I keep looking for the master plan, "what are they actually trying to achieve", but then something like the signal shitstorm happens and you realise - they really are just hapless idiots.
"what are they actually trying to achieve"
pooty looking to turn the us to ashes, and project 2025. Some of those goals overlap.
I'd say grifting as much money as possible. In this case, they're trying to fund their tax cuts on the wealthy with these tariffs
This is my thought. Transfer governmental tax revenue further away from corporations and the ultra wealthy to everyone else. This will be generational wealth loss as everyone not a millionaire will need to sell assets to continue to exist while the wealthy buy them up.
The statement to bring manufacturing back to the states is a ploy to get people on board but where's the planning to make that happen or incentives or runway to make a smooth transition.
I keep looking for the master plan, "what are they actually trying to achieve"
Sabotaging the US to help Putin really is the only motive that fits all the data.