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Trump's Tariffs Are Starting to Kill Jobs
- emrah 1y ago"Goldman Sachs estimates that the tariffs will create about 100,000 manufacturing jobs while destroying 500,000 others. In Pennsylvania, it's already starting"
- apercu 1y agoSeems about right considering Trumps business record before he turned to full time political grift!
- therealpygon 1y agoExactly the desired outcome. Which costs a company more, an office worker or the barely above minimum wage factory worker?
- deleted 1y ago[deleted]
- toomuchtodo 1y ago> Ryan Petersen, CEO of Flexport, a global logistics firm, warned in a series of posts on X that ocean freight bookings from China are down 50 percent since Trump's tariffs hit. That could potentially wipe out as much as $1 trillion in economic activity if the tariffs remain in place for a full year, he estimated. Thread: https://threadreaderapp.com/thread/1912890256216695002.html https://threadreaderapp.com/thread/1912890256216695002.html
- jimmygrapes 1y agoI thought we hated placing profit over ideals, did that change?
- watwut 1y agoEnvironmental protections are getting destroyed. As is food safety and data gathering about education. The values being advanced are hate and pleasure from causing harm sold as masculinity
- thomassmith65 1y agoIt depends on which ideals we're sacrificing the profits for, and also on whether we're sacrificing them needlessly.
- TomK32 1y agoProfits are ideal for the shareholders.
- cjbenedikt 1y ago",..could potentially wipe out as much as $1 trillion..." Well, didn't they say they would save trillions? ;-p
- tonetheman 1y ago[dead]
- OhMeadhbh 1y agoi'm fairly certain this was the intent.