General Discussion
In reply to the discussion: Is it reasonable to think that lots of people sold their stock holdings when the market tanked [View all]Doodley
(11,660 posts)in the case of Mexico and Canada reneging on a trade agreement he signed. He has shown America to be untrustworthy. It will take decades to rebuild that trust.
2/ His actions are based on ignorance, personal feelings, and desire to promote himself as a strongman. In other words, we do not have an administration that puts the people first. This is the start of his term, so Democrats aren't going to be able to take control of the situation and fix the economic fallout.
3/ Other nations are already looking elsewhere to take their business and forging new relationships.
4/ In addition to tariffs, we have austerity to the extreme with DOGE that will further keep us in a long lasting recession.
5/ We have a president who is very disliked (way more that in term one). Worldwide, people don't like his blatant racism, mass deportations, anti-gay and trans, anti-women, anti-science, basic cruelty, and fascist style of leadership.
6/ Enough people don't want to even come to America. They fear they will be unwelcome. There are even travel warnings issued by some nations that have never been issued before. People want to avoid coming to America and they will avoid doing business with America. America is increasingly seen as a Pariah state.
Combined with tariff lunacy, we are headed for a long and deep recession.