this post was submitted on 03 Apr 2025
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Worldwide? Trump is ruining the US economy only
Oh, my sweet summer child...
Lol another person that thinks he's smart by being rude. No wonder Lemmy isn't attracting more people
I'm just pointing out your naïveté. What happens in the US naturally affects the rest of the world. We're all dependent on each other. No one will be isolated from this.
Like the recession of 2008/2009. It was America that cause it and the whole worked suffered.
Leave Lemmy out of this! It’s innocent!
Point at the doll where you were touched by Lemmy
Remember 2008/2009 recession? This was cause by the USA economy, but affected the entire world.
Even if you think it's not worldwide, you do realise some countries and regions rely heavily upon trading with the US. And it will cause inflation, though how much depends on what will actually happen now.
As others pointed out, it's not only the US economy that will be hit, but also everyone that trades with them.
To illustrate some examples, Canadian aluminum might end up with 25% tariffs. That means anything made within the USA that uses said aluminum will get a price increase. Canadian companies might end up with a surplus, since their main customers won't be buying as much (instead of paying 100 dollars for a tonne, 'mericans will pay 125 dollars per tonne). That surplus will drive prices down if they can't find someone else to buy the aluminum.
Since the tariffs aren't only on Canadian aluminum, but a lot of stuff from a lot of countries, some of that stuff will end up with a significant surplus and no new buyers. For smaller countries that rely on USA exports, that's going to hurt a lot.
I also saw one analysis that suggested the increased cost of buying could decrease trade and therefore shrink the economies the US usually buys from, depressing the shrunken economies dollar values and effectively cancelling out the cost of the tarrif
ROFL you really have no idea how things work huh
The world economy is dependent on countries like the USA.
Lol