The U.S. economy is at serious risk from Trump's proposed economic policies, especially his trade war and mass deportation plans, particularly for individuals who have lived here for many years. These measures will result in slower economic growth and higher inflation, according to economists from organizations like the Peterson Institute, Moody's, and Goldman Sachs. For example, Trump's proposal to impose a 10% uniform tariff on imports may result in higher pricing for consumers and businesses alike and probably a trade war with the entire world. Instead of stimulating economic activity, this protectionist strategy is likely to hinder it.
His proposed mass deportation tactics are expected to cause significant labor shortages across the United States, harming all businesses, particularly small and medium-sized businesses. As a small business owner, I am highly aware of the workforce shortages that already exist in our industry. Furthermore, Trump's hostility to legal immigration exacerbates these issues.
Steve Rattner: Trump’s mass deportation and trade war plans will tank the economy
@FuturePAF @j_hungary @Strigon @VCheng
Many people blame the economy on Biden admin, the fact to the matter is, economic downturn is worldwide, I live thru that in Australia during 23-24. This is not just an American thing, and from all the data I can compare to (from relative and friends to workmate in the US) things in the US is actually a lot better than here in Australia.
The issue is, the economy didn't decline from the end of Trump presidency, but half the blame should still go to him, because he started those drastic and strict border policy, which don't just stop migrant (legal or otherwise) to cross into US, but also stopped goods and service, the port of entry to clear a Cargo Container, for example, takes a lot longer to clear, and that was supposed to be the time we stock up, instead, when China shut its own border and stop any flow of goods, we are still processing pre-closure freight. That lead to general inflation begin to rise because we just simply don't have stuff to serve the table in the US, and once China stopped exporting, basically we are fucked.
Well, you can blame the reliance of Chinese goods to former administration, basically anyone who is president after 2000, but that particular policy is the reason why US inflation jump drastically during 2021 and 22.
As for his "Economic Policy" it wouldn't work as a stop term gap, it may work in 10 or 15 years' time if you set up a base and restore the US productivities, but deporting everyone (He is not just talking about illegal by the way, he was talking about denaturalisation) means you are going to lose a bunch of low/medium tier worker that is going to help out in farm, working in construction site and so on, unless that policy also force people in the US to fill those work, you are going to have a gap between actual productivities in primary industry. For what exactly? I don't know because you can't just say "I stop buying from China and I can make these things immediately" as with any addiction, the way to treat it is gradually lower the need, not taking it off cold turkey, this is going to backfire immensely. And this is all that he said, he will get the jobs back and the production back to the US, well, yeah, but how?
But he did one thing very good in his campaign, which is to please his base, notice that most of his support base are white men with no degree, these people are very easily fool because they can't put 2 and 2 together, which mean whatever Trump sell, they buy, simply because it looks good.
