TL;DR

Trump’s tariff threats, fueled by his own tax cuts, are a recipe for economic disaster, echoing the mistakes of the past and putting everyday Americans at risk.

Story

Trump’s Tariff Tirade: Déjà Vu All Over Again?

It’s Friday afternoon, and just like clockwork, Trump’s at it again, threatening tariffs on “many countries.” His reasoning? Apparently, tariffs are the magic bullet to fix the US deficit, a deficit exacerbated by his own tax cuts. It’s like giving yourself a raise and then robbing your neighbor to pay for it.

He’s also fixated on erasing the trade deficit with Japan. Because somehow, forcing other countries to buy more American goods, while simultaneously making imports more expensive for Americans, is sound economic policy. This isn’t just naive; it’s dangerously close to the kind of protectionism that fueled the Great Depression.‣ Great Depression: A severe worldwide economic downturn that started in 1929 and lasted for about a decade.

Remember the trade wars of the early 2020s? The ones that disrupted supply chains, hurt businesses, and increased prices for consumers? We’re poised for a repeat performance, folks. And who suffers? Not the billionaires playing market games over the weekend, but everyday Americans who will see their grocery bills climb higher while their retirement accounts dwindle.

This echoes the 2008 crisis.‣ 2008 Crisis: Triggered by a housing market crash, this led to a global recession. While the villains are different, the victims remain the same: ordinary people caught in the crossfire of reckless financial maneuvering.

Trump’s rhetoric about “reciprocal tariffs” sounds tough, but it’s just a smokescreen. Like a Ponzi scheme dressed in a suit, it’s all about creating an illusion of control while the house of cards teeters on the brink of collapse.

‣ Ponzi Scheme: A fraudulent investment operation where returns are paid to earlier investors using money from later investors.

Advice

Diversify your investments, prepare for market volatility, and remember: politicians rarely prioritize your wallet over their own.

Source

https://www.reddit.com/r/wallstreetbets/comments/1ik7469/us_president_donald_trump_i_will_announce/