Besides blanket tariffs that make everything more expensive, letting Americans buy less stuff, there will be job losses from retaliation, and less money to buy other stuff.

There is unlikely to be mass reindustrialization of the US in the face of low demand, and not being exportable products due to retaliatory tariffs. Deporting 10m people will harm housing and banking and tax revenue and other demand for stuff.

  • Buffalox@lemmy.world
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    8 days ago

    Don’t worry about it, tax cuts will compensate, so it will only be a problem if you are not in the 1%. /s

    • humanspiral@lemmy.caOP
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      8 days ago

      And banks losing money on housing, has never hurt banks before. The banks will be protected too. Thank god, our banks will be saved again.

        • humanspiral@lemmy.caOP
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          8 days ago

          I hear slavery improves productivity a whole bunch! It’s never clear the period “again” makes reference to in MAGA