Re:U.S. Economy Contracts at 0.3% Rate in First Quarter
by fabian2k on Wednesday April 30, 2025 @09:25AM
(#43844920)
The factories would be more expensive because the materials and machines are also affected by tariffs. And you obviously can't rely on the tariffs to remain that way, Trump is far too flaky, hopefully not in power forever and the tariffs are just too damn stupid to remain. The harm they cause will be quite obvious soon.
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Re:U.S. Economy Contracts at 0.3% Rate in First Quarter
by akudha on Wednesday April 30, 2025 @09:56AM
(#43845324)
What is the best case scenario here? Even if the tariff war ends next month, wouldn't production/shipping etc take weeks/months to recover? How are small businesses with limited cash flow expected to survive in the interim?
The most scary thing are medicines, medical equipment etc. Healthcare is going to become even more expensive, no?
Above everything else, why would other countries/allies/trading-partners trust the U.S govt again? I just can't comprehend how this is good for anyone, other than those with spare cash to buy up distressed assets
Re:U.S. Economy Contracts at 0.3% Rate in First Quarter
by aftbit on Wednesday April 30, 2025 @10:22AM
(#43845686)
>Other than those with spare cash to buy up distressed assets
That might be the whole point. Look at Trump's "now is a great time to buy" post.
It's also good for America's enemies. Maybe the goal is just a weakened America overall.
Re:U.S. Economy Contracts at 0.3% Rate in First Quarter
by SpicyLemonZest on Wednesday April 30, 2025 @10:13AM
(#43845545)
The best case scenario is that governments make agreements to accept more US exports, the trade war ends, and in a couple years conventional wisdom remembers this entire episode as a cautionary tale about crazy policies countries sometimes pursue when their trade balance gets too out of whack.
Is that the most likely resolution? No, I don’t think so, I’m still holding most of my money out of the stock market. But doing lots of business with countries whose current government isn’t trustworthy isn’t an unheard of scenario.