return2ozma@lemmy.world to News@lemmy.world · 7 days agoTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.comexternal-linkmessage-square48fedilinkarrow-up1439arrow-down15cross-posted to: aboringdystopia@lemmy.world
arrow-up1434arrow-down1external-linkTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 7 days agomessage-square48fedilinkcross-posted to: aboringdystopia@lemmy.world
minus-squareqprimed@lemmy.mllinkfedilinkEnglisharrow-up9·7 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.
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.