Trump Tariff will Kill the Economy

[bsm2]

[bsm2]

BREAKING: J.P. Morgan’s chief economist warns that there is now a staggering 40% chance of a full-blown recession thanks to Donald Trump — as well as a profound risk to the country’s status as an investment destination.

This is a five-alarm fire for the economy…

"Where we stand now is with a heightened concern about the U.S. economy," said Bruce Kasman, the bank's top global economist.

He had previously pegged the recession odds at 30% at the start of the year, but Trump’s disastrous tariffs and unpredictable behavior have thrown the markets into chaos.

Kasman warned that the recession risk could hit 50% or higher if Trump implements the reciprocal tariffs that he’s floated.

"If we would continue down this road of what would be more disruptive, business-unfriendly policies, I think the risks on that recession front would go up," Kasman said.

He predicted that investors could lose faith in U.S. assets due to Trump’s unpredictable — and at times utterly inscrutable — governance style. Such trust takes decades to build and might never return if lost.

"The U.S. seems to have established itself as a place where people can be comfortable about rule of law ... comfortable about the integrity of information flow, and they can be comfortable that the government isn't going to be, in unexpected ways, getting involved in the rules of the game," said Kasman.

"The term which has been in place for a very long time is that we have 'exorbitant privilege'. That we end up paying a much lower cost for financing our deficits and debt, we have much greater capital flows and attractiveness of the dollar and assets, because of these things," he added.

"The risk that that stuff starts to come under pressure and becomes a structural issue in the markets is not something I would, by any means, underplay,” said Kasman.

Economists at Goldman Sachs and Morgan Stanley have downgraded their forecasts for U.S. GDP growth to 1.7% and 1.5% respectfully.

On top of that, 95% of economists polled by Reuterslast in Canada, Mexico, and the United States said that recession risks in their domestic economies have spiked due to Trump’s tariffs.

Trump supporters thought that they were voting for a new “Golden Age.” Instead, they might end up with one of the worst economic collapses in American history.

[bsm2]

Portugal says ‘no’ to F-35 jets due to U.S. unpredictability By Alexey Lenkov on March 14, 2025
Subscribe to Google News
Portugal has slammed the lid on any flicker of hope that it might one day strap into Lockheed Martin’s F-35 Lightning II, a move that doesn’t so much cancel a deal as it torches a notion that’s been smoldering for years.

[bsm2]

[bsm2]

Crash: ‘Trump slump’ wipes out billions, bankers revolt as 47’s team says recession ‘worth it’?!

[Copier Addict]

Canada is putting on a brave face but it's not looking good for them.


Employers begin layoffs as Canada-U.S. trade war intensifies


Multiple employers are laying off workers as the impact of the U.S.-Canada trade war seeps into the labour force, while other companies are scaling back their hiring plans because of the upheaval.

Over the past three weeks, numerous businesses from furniture manufacturers to steel producers have announced layoffs to cope with the uncertainties brought about by U.S. tariffs on Canadian exports, and subsequently, Canada’s retaliatory tariffs on some American imports.

Algoma Steel Group Inc. ASTL-T +4.44%increase
, based in Sault Ste. Marie, Ont., said last Friday that it had laid off 20 employees because of the trade war. United Steelworkers Canada, the union representing Algoma employees, warned that more job cuts could be coming to the steel production plant, which employs approximately 2,500 people.

Another steel manufacturer in eastern Ontario – the Canada Metal Processing Group – said on Feb. 24 that it was cutting 140 employees because of the “actions by the United States” that will result in cancellations or delayed orders.

The Canadian unemployment rate held steady at 6.6 per cent in February, but economists are cautioning that the unpredictability of U.S. President Donald Trump’s tariff actions could force businesses to cut costs. A recent report from TD Bank economists warned that a flare-up in “tit-for-tat” tariffs between the U.S. and Canada could push the Canadian economy into recession and cause the unemployment rate to spike by 2 per cent.

“We have definitely started seeing manufacturing job postings starting to slip,” said Brendon Bernard, senior economist at the job search company Indeed.com. ”It is still very early days, but the knock-on effects of slipping demand will mean companies may hire a little less or hold off on putting up new positions," he added.

On Wednesday, Bank of Canada Governor Tiff Macklem said that many businesses have scaled back hiring and investment plans as they price in a dimmer sales outlook as a result of the trade tensions.

The consequences are acute for townships where many local jobs are linked to the U.S. Stéphanie Lacoste, the mayor of Drummondville, Que., issued a statement on Thursday saying that 3,000 jobs in her town are at risk because of the trade war. Manufacturing accounts for a third of Drummondville’s economic output and it is home to three medium-sized metals manufacturing companies.

In Delta, B.C., furniture company Prepac Manufacturing Ltd. abruptly announced plans last month to shut down one of its factories and terminate 170 employees.

That's what happens when there is an imbecile in the White House who constantly plays the victim.

[BillyCarpenter]

Canada is putting on a brave face but it's not looking good for them.


Employers begin layoffs as Canada-U.S. trade war intensifies


Multiple employers are laying off workers as the impact of the U.S.-Canada trade war seeps into the labour force, while other companies are scaling back their hiring plans because of the upheaval.

Over the past three weeks, numerous businesses from furniture manufacturers to steel producers have announced layoffs to cope with the uncertainties brought about by U.S. tariffs on Canadian exports, and subsequently, Canada’s retaliatory tariffs on some American imports.

Algoma Steel Group Inc. ASTL-T +4.44%increase
, based in Sault Ste. Marie, Ont., said last Friday that it had laid off 20 employees because of the trade war. United Steelworkers Canada, the union representing Algoma employees, warned that more job cuts could be coming to the steel production plant, which employs approximately 2,500 people.

Another steel manufacturer in eastern Ontario – the Canada Metal Processing Group – said on Feb. 24 that it was cutting 140 employees because of the “actions by the United States” that will result in cancellations or delayed orders.

The Canadian unemployment rate held steady at 6.6 per cent in February, but economists are cautioning that the unpredictability of U.S. President Donald Trump’s tariff actions could force businesses to cut costs. A recent report from TD Bank economists warned that a flare-up in “tit-for-tat” tariffs between the U.S. and Canada could push the Canadian economy into recession and cause the unemployment rate to spike by 2 per cent.

“We have definitely started seeing manufacturing job postings starting to slip,” said Brendon Bernard, senior economist at the job search company Indeed.com. ”It is still very early days, but the knock-on effects of slipping demand will mean companies may hire a little less or hold off on putting up new positions," he added.

On Wednesday, Bank of Canada Governor Tiff Macklem said that many businesses have scaled back hiring and investment plans as they price in a dimmer sales outlook as a result of the trade tensions.

The consequences are acute for townships where many local jobs are linked to the U.S. Stéphanie Lacoste, the mayor of Drummondville, Que., issued a statement on Thursday saying that 3,000 jobs in her town are at risk because of the trade war. Manufacturing accounts for a third of Drummondville’s economic output and it is home to three medium-sized metals manufacturing companies.

In Delta, B.C., furniture company Prepac Manufacturing Ltd. abruptly announced plans last month to shut down one of its factories and terminate 170 employees.

[bsm2]

[Copier Addict]

Based on actual history, 6 months to a year.



That 6 months to a year for parts plants as well. In fact probably less than half that as parts plants are considerably smaller. Your hatred for Trump is making you forget how quickly President Trump brought manufacturing back to America in his first term. Jobs that former President Obama had said would never return after his policies caused them to leave.

You love for trumpy has blinded you to the fact that he didn't bring much, if any, new manufacturing back the the US. He lied. Surprise, surprise.

[bsm2]

[bsm2]

Based on actual history, 6 months to a year.



That 6 months to a year for parts plants as well. In fact probably less than half that as parts plants are considerably smaller. Your hatred for Trump is making you forget how quickly President Trump brought manufacturing back to America in his first term. Jobs that former President Obama had said would never return after his policies caused them to leave.

BS
Biden administration create more jobs
More manufactures start up and plant then Trump period that a Fact

Obama the most liked President really your hated of Obama is blinded YOU from the truth
Stop watching Fox News

[slimslob]

Originally posted by bsm2


Nope dope

How long to you think it takes to build a new automobile plant in the USA

Years the Auto industry will just wait Trump out like last time.

Based on actual history, 6 months to a year.

Your fantasy is Never going to happen

US plants will also shut down as the parts become more expensive from Canada and Mexico with 500,000 plus auto workers PISSED at the Republicans

Hilarious

That 6 months to a year for parts plants as well. In fact probably less than half that as parts plants are considerably smaller. Your hatred for Trump is making you forget how quickly President Trump brought manufacturing back to America in his first term. Jobs that former President Obama had said would never return after his policies caused them to leave.

[BillyCarpenter]

So Hill Billy,Maybe you should tell Trump to tariff printers and printer parts a few hundred percent That should make all your customers very happy.I am sure they wont mind pays the extra cost.Maybe they can pay with eggs?

BEIJING, March 8 (Reuters) - China announced tariffs on over $2.6 billion worth of Canadian agricultural and food products on Saturday, retaliating against levies Ottawa introduced in October and opening a new front in a trade war

[richs]

So Hill Billy,Maybe you should tell Trump to tariff printers and printer parts a few hundred percent That should make all your customers very happy.I am sure they wont mind pays the extra cost.Maybe they can pay with eggs?

[bsm2]

You think democrats will win the next election? I don't see it.

Mid terms definitely