Trump Blows Up US Economy

Trump has put massive tariffs on every single country in the world. This is the largest sales tax increase in American history. There is a baseline 10% tariff on all goods regardless of country, but some countries have higher tariffs than others. Japan has a 24% tariff. The European Union got a 20% tariff, the UK 10%, Australia 10%, Switzerland 31%. China 34%, Vietnam 46%, India 26%, South Korea 25%, Israel 17%, the list goes on and on. The dollar has now collapsed in value and the stock market has totally tanked and it’s not even open, it’s tanking during after hours trading… So when the market opens tomorrow, it’s going to be a bloodbath. Economists say that trillions of dollars will be wiped from the US economy tomorrow. These are not reciprocal tariffs because Trump is counting VAT taxes as tariffs, and they simply aren’t tariffs. Because in reality, the EU’s tariffs are only slightly higher than the US’s default 2% tariff… so he’s counting the VAT to try to justify this. These tariffs are higher than the Smoot-Hawley tariffs which sent the US deeper into the great depression. And US GDP was already projected to fall by nearly 4% this past quarter, and that was before these tariffs. One expert said - For economists, the tariff spectacle currently coming out of the White House econ team is akin to watching NASA being taken over by astrologers and repurposing the International Space Station to charge magic healing crystals with moonbeams. It's called Liberation Day because he’s liberating you from your disposable income. #usa #trump #economy