There is a "maybe 35% probability" that the U.S. will enter a recession this year, says Alec Kersman, managing director and head of Asia-Pacific at Pimco.
I think there is the threat of American producers trying to keep prices from going up too much by finding ways to suppress wages for workers and by just making products crappier, since their primary focus will be squeezing every possible penny of profit out of every sale.
America never had good labour laws, and the anti-union propaganda has created generations who don’t know why unions were created in the first place. I don’t see this ending well for American labour.
Donnie doesn’t have a stable policy, and the immediacy of the tariffs simply will result in higher prices. Farmers can’t go back in time and plant alternate crops - the imports are necessary. Steel plants can’t just re-tool for a product that used to come from Brazil or Canada overnight. If the goal is to bring back the jobs, companies need time to adjust and plan and invest.
America never had good labour laws, and the anti-union propaganda has created generations who don’t know why unions were created in the first place. I don’t see this ending well for American labour.
Donnie doesn’t have a stable policy, and the immediacy of the tariffs simply will result in higher prices. Farmers can’t go back in time and plant alternate crops - the imports are necessary. Steel plants can’t just re-tool for a product that used to come from Brazil or Canada overnight. If the goal is to bring back the jobs, companies need time to adjust and plan and invest.
That seems to be the case.