emrahop12 hours ago
"Goldman Sachs estimates that the tariffs will create about 100,000 manufacturing jobs while destroying 500,000 others. In Pennsylvania, it's already starting"
therealpygon2 hours ago
Exactly the desired outcome. Which costs a company more, an office worker or the barely above minimum wage factory worker?
apercu4 hours ago
Seems about right considering Trumps business record before he turned to full time political grift!
toomuchtodo12 hours ago
> Ryan Petersen, CEO of Flexport, a global logistics firm, warned in a series of posts on X that ocean freight bookings from China are down 50 percent since Trump's tariffs hit. That could potentially wipe out as much as $1 trillion in economic activity if the tariffs remain in place for a full year, he estimated.
Thread: https://threadreaderapp.com/thread/1912890256216695002.html
cjbenedikt3 hours ago
",..could potentially wipe out as much as $1 trillion..." Well, didn't they say they would save trillions? ;-p
jimmygrapes9 hours ago
I thought we hated placing profit over ideals, did that change?
thomassmith658 hours ago
It depends on which ideals we're sacrificing the profits for, and also on whether we're sacrificing them needlessly.
TomK325 hours ago
Profits are ideal for the shareholders.
OhMeadhbh11 hours ago
i'm fairly certain this was the intent.
[deleted]12 hours agocollapsed
tonetheman12 hours ago
[dead]