"Goldman Sachs estimates that the tariffs will create about 100,000 manufacturing jobs while destroying 500,000 others. In Pennsylvania, it's already starting"
> 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.
"Goldman Sachs estimates that the tariffs will create about 100,000 manufacturing jobs while destroying 500,000 others. In Pennsylvania, it's already starting"
Exactly the desired outcome. Which costs a company more, an office worker or the barely above minimum wage factory worker?
Seems about right considering Trumps business record before he turned to full time political grift!
> 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
",..could potentially wipe out as much as $1 trillion..." Well, didn't they say they would save trillions? ;-p
I thought we hated placing profit over ideals, did that change?
It depends on which ideals we're sacrificing the profits for, and also on whether we're sacrificing them needlessly.
Environmental protections are getting destroyed. As is food safety and data gathering about education.
The values being advanced are hate and pleasure from causing harm sold as masculinity
Profits are ideal for the shareholders.
i'm fairly certain this was the intent.
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