And industrial capital takes a long time to realize. Speaking as an industrial engineer who's been involved in the process, it's a pain in the ass amount of time between us getting called in and floor workers getting called in. Once factories shutter it'll be years before theyre back online. And I don't see it happening under Trump.

They also gorged themselves on basically zero percent lending, used it for things along the lines of stock buybacks and now their equipment/supply chain is failing. Low corporate taxes mean there's no incentive to reinvest, certainly not upping wages.

Capitalism is a cancer that's running out of healthy cells.

I'm waiting for the beginning of July for the end of the tariff pause. Dow Jones will probably shed a few thousand points before Trump reacts by pausing them again or repealing them since he always chickens out. \

If Trump is going to wreck the fucking economy with his idiocy I might as well take a shot at profiting from it like all of the grifters in his administration.

I work at a factory in Canada. We just got a huge contract from European customers and we've been told we're running more machines on 24/7 shifts to meet demand and hiring 50 new staff to do it. The clients switched from producing in the US to avoid costs associated with the trade war.

Putting tariffs on raw materials and natural resources you don't have domestically is possibly the dumbest thing a politician could do.

I have been working for and by myself as a machinist for the last 15 years. The first round of steel tariffs hurt a lot, but I was able to pull through just barely. Now, I am losing every contract I've got when they expire (which is soon) and as a small fish I have almost no bargaining power on bids for jobs. I am likely going to have to shutter the business and sell all the equipment.

Companies with warehouses and facilities in multiple countries are all sitting pretty. In fact some are expanding quickly

He knows exactly what he’s doing. Stealing money. That’s it.

jfc, ICE looks like school yard bully gravy seals

It's worse than that.

Let's say I want to open a widget factory in America because of the tariffs. Sure, I can avoid the tariffs on the widgets themselves by making them here, but there's a big problem...

What about the tariffs on the materials needed to make them?

So Trump wants to strong-arm a minerals deal with some country via a protection racket only to... tariff them?

Jesus Christ.

Unironically, depending on how the supply chain is arranged for your industry, it may actually be cheaper to move your manufacturing off shore and eat the tariff once instead of getting nickeled and dimed for every single item you need to assemble on shore. Hell, Vietnam already figured out you can ship Chinese products through to America as grey imports and skim off the top.

It is hard for me to articulate just how fucking stupid all of this is. It's no small wonder how this guy bankrupted six casinos.

But hey, Art of the Deal, baby.

Lol, you entirely misunderstand the issue.

Americans lack the skills and machining of modern manufacturing. It's so expensive because they'd have to make buildings and teach skills that are already everywhere in China.

But sure, laugh like a fucking moron we're taking behind the world because we don't take care of workers or infrastructure.

There was a study or survey or something that showed people are leaving the office earlier than they did before the pandemic, the average being between 3 and 4 pm.

100% true for me