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this post was submitted on 07 Apr 2025
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Cool, Brexit was still a disaster.
Overtake is a gradual, predictable process.
Suddenly putting roughly 30% tariffs on the entire world in a very sudden and chaotic matter is not even in the same galaxy as US corporations making business plans based on predictable market trends.
We are making a blunder because we became decadent, entitled, and privileged, and aggreived and then fell under the allure of an incompetent fascist, who, again, is a fucking moron at policy.
... What? If everyone is firing, no one is hiring.
This is called a recession or depression.
Lose your higher paying job and maybe replace it with a shitty part time job.
Net result is everyone is poorer.
... If you wanted to kickstart making new manufacturing jobs in the US, well you'd need actual money to build the factories.
If the entire economy crashes, no one, no companies, have money to invest in new capital expenditures. Foreign investment won't come because exporting out of the US will be a shitty prospect due to retaliatory tariffs, and the general lack of a skilled manufacturing labor force in the US.
There would have had to have been some kind of accompanying domestic fiscal policy to throw government money, subsidies, tax breaks, whatever to kickstart domestic manufacturing... before you throw the tariffs on.
But Trump is an idiot and is ideollgically opposed to the government spending money on seemingly anything other than bitcoin and explosively liquifying brown people in 'shithole' countries (his words).