The Trade War Is Already Having A Huge Impact On The US Economy

The trade war has barely just begun, and yet significant ripple effects are already being felt all across the U.S. economy. Once thriving businesses are on the verge of failure, workers are being laid off, and some sectors of the economy are witnessing enormous price hikes. Right now the mainstream media is absolutely fixated on the drama surrounding the recently concluded Trump-Putin summit meeting, but the consequences of this trade war will ultimately be far more important for the lives of most ordinary Americans. As more tariffs continue to be implemented, this will perhaps be the biggest disruption to the global economic system that we have seen in decades. Perhaps you have not been affected personally yet, but for many Americans this trade war has changed everything. For example, just consider the plight of soybean farmer Tim Bardole…

https://seekingalpha.com/article/4187688-trade-war-already-huge-impact-u-s-economy

We'll be lucky if Trumps idiocy doesn't cause another depression.

4 replies, 1697 views

Thread info Bookmark this thread Trash this thread

Reply to this thread

Always highlight: 10 newest replies | Replies posted after I mark a forum

Replies to this discussion thread

4 replies	Author	Time	Post
The Trade War Is Already Having A Huge Impact On The US Economy (Original post)	Matthew28	Jul 2018	OP
Have you been to the grocery store?	Crutchez_CuiBono	Jul 2018	#1
Hundredaires!	moondust	Jul 2018	#2
Yes yes,just	Wellstone ruled	Jul 2018	#4
lucky? it would be an actual miracle if we avoided severe economic consequences	anarch	Jul 2018	#3

Response to Matthew28 (Original post)

Wed Jul 18, 2018, 04:11 PM

Crutchez_CuiBono (7,725 posts)

1. Have you been to the grocery store?

it's clearly evident. And it's been escalating since this boob (no offense to boobs) got in office. As if him getting elected...made everyone 1000-aires.

Reply to this post

Response to Crutchez_CuiBono (Reply #1)

Wed Jul 18, 2018, 04:17 PM

moondust (19,042 posts)

2. Hundredaires!

We're all gonna be hundredaires!!!!

(They taught me to dream big.)

Reply to this post

Response to Crutchez_CuiBono (Reply #1)

Wed Jul 18, 2018, 05:13 PM

Wellstone ruled (34,661 posts)

4. Yes yes,just

returned from the Grocery. Paper Products are up by ten percent since last month. What I did notice was,Meat items from Canada are not being stocked. No more Maple Leaf Bacon,and this Retailer does not handle Hormel Black Label. So we do with out,will not go to WalMart or anyone else.

Reply to this post

Response to Matthew28 (Original post)

Wed Jul 18, 2018, 04:35 PM

anarch (6,449 posts)

3. lucky? it would be an actual miracle if we avoided severe economic consequences

stemming from this demented moron and his idiotic accomplices' misguided and foolish economic "policies." In quotes because I don't believe any of them have really thought this through.

If you're V. Putin or one of his oligarchs, you're probably pretty pleased with yourself right about now, what with all the impending doom for the entirety of the U.S. and E.U. economic landscape...if you're anyone else, if you're not horrified by our prospects, well I don't know what to tell you.

Oh, the super-rich will be fine...some of them will likely profit from the misfortune of, you know, everyone else.

Just ask fuckface himself...if I recall correctly, he benefitted from the last recession, and bragged about it.

The irony in all this for me is that I might support some sort of protective tariff structure, if it were reasonably thought out, and if it would actually benefit the American working class...but basically nobody in this administration seems interested in that sort of thing.

Reply to this post

General Discussion (Forum)