General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums18 trillion!
Listening to the TV.
President Fuckface just said that $18 trillion dollars flowed into the country as the result of tariffs.
Think about that statement for a second.
Let me be the first to say here on DU...THANK YOU, PRESIDENT FUCKFACE!
Jesus...
BootinUp
(50,979 posts)Day.
LuckyCharms
(21,990 posts)Back in my working days in the financial field, we had a word that we used: PDOMA.
Pronounced: Puh Doe Muh.
Meaning: Pulled Directly Out of My Ass.
Usage example:
Q: Where did you get that number from?
A: It's a PDOMA.
sinkingfeeling
(57,326 posts)mwmisses4289
(3,337 posts)ProfessorGAC
(75,902 posts)That's 60% of GDP.
Total imports last year were $4.3 trillion so this is more than 4x.
A 400% tariff on ALL imports would be required and that is economically impossible, as that whole $18 trillion would have to be passed on to consumers or absorbed by companies that only made $3.6 trillion in total profit in 2025.
Essentially every large company would be bankrupt to absorb this & if they passed it on inflation would be 50%