Tariff War Risks Sinking World Into New Great Depression, International Chamber of Commerce Warns

[Guno צְבִי]

​

The world economy could face a crash similar to the Great Depression of the 1930s unless the U.S. rows back on its plans to impose steep tariffs on imports, a senior official at the International Chamber of Commerce warned.

“Our deep concern is that this could be the start of a downward spiral that puts us in 1930s trade-war territory,” said Andrew Wilson, deputy secretary-general of the ICC, which promotes global business and trade. High tariffs on foreign goods imported into the U.S. in that decade contributed to a damaging global recession. The downturn plunged nearly a third of the global workforce into unemployment and slashed production at heavyweight industrial economies Germany and the U.S. by half, according to research from the International Monetary Fund.

Tariff War Risks Sinking World Into New Great Depression, International Chamber of Commerce Warns

The world economy could face a downturn similar to the Great Depression of the 1930s unless the U.S. rows back on its plans to impose steep tariffs on imports, a senior official at the International Chamber of Commerce warned.

www.wsj.com

 

[Earl]

The sky is falling, the sky is falling!

 

[Phantasmal]

Felonious is an absolute moron. I’ve stocked up on chicken and beef products!

 

[Tbird19482]

​

The world economy could face a crash similar to the Great Depression of the 1930s unless the U.S. rows back on its plans to impose steep tariffs on imports, a senior official at the International Chamber of Commerce warned.

“Our deep concern is that this could be the start of a downward spiral that puts us in 1930s trade-war territory,” said Andrew Wilson, deputy secretary-general of the ICC, which promotes global business and trade. High tariffs on foreign goods imported into the U.S. in that decade contributed to a damaging global recession. The downturn plunged nearly a third of the global workforce into unemployment and slashed production at heavyweight industrial economies Germany and the U.S. by half, according to research from the International Monetary Fund.

Tariff War Risks Sinking World Into New Great Depression, International Chamber of Commerce Warns

The world economy could face a downturn similar to the Great Depression of the 1930s unless the U.S. rows back on its plans to impose steep tariffs on imports, a senior official at the International Chamber of Commerce warned.

www.wsj.com

Trump is fucking around with something he knows nothing about

 

[Guno צְבִי]

Felonious is an absolute moron. I’ve stocked up on chicken and beef products!

As did we

 

[Stone]

​

The world economy could face a crash similar to the Great Depression of the 1930s unless the U.S. rows back on its plans to impose steep tariffs on imports, a senior official at the International Chamber of Commerce warned.

“Our deep concern is that this could be the start of a downward spiral that puts us in 1930s trade-war territory,” said Andrew Wilson, deputy secretary-general of the ICC, which promotes global business and trade. High tariffs on foreign goods imported into the U.S. in that decade contributed to a damaging global recession. The downturn plunged nearly a third of the global workforce into unemployment and slashed production at heavyweight industrial economies Germany and the U.S. by half, according to research from the International Monetary Fund.

Tariff War Risks Sinking World Into New Great Depression, International Chamber of Commerce Warns

The world economy could face a downturn similar to the Great Depression of the 1930s unless the U.S. rows back on its plans to impose steep tariffs on imports, a senior official at the International Chamber of Commerce warned.

www.wsj.com

OĤhhhhhh nooooooo !!! Lets all light our hair on fire and run off the edge of the grand canyon together screaming Trumps name. Pussies.

 

[BartenderElite]

Felonious is an absolute moron. I’ve stocked up on chicken and beef products!

I'm stocking up too. And converting a lot of stock to cash or metals.

This is gonna get bumpy.

 

[Stone]

As did we

Make sure you stock up on tampons cranberry juice and midol too. Their all gonna sell out fast in democrat districts and then you will be REALLY screwed!

 

[gfm7175]

Felonious is an absolute moron. I’ve stocked up on chicken and beef products!

So you're an evil hoarder now?

 

[gfm7175]

As did we

So you're an evil hoarder now too?

 

[gfm7175]

I'm stocking up too.

So you're an evil hoarder now as well?

And converting a lot of stock to cash or metals.

I have a libtard at work who told me he was pulling out of the stock market also. He's irrationally scared, just like you.

This is gonna get bumpy.

 

[Phantasmal]

You can get a good deal on Trump media stock right now. It’s under $25

 

[BartenderElite]

So you're an evil hoarder now as well?

I have a libtard at work who told me he was pulling out of the stock market also. He's irrationally scared, just like you.

Scared? I'd call it smart.

Trump was a bad economic President the 1st time around. In his 2nd term, he is wrecking the good economy he inherited at lightning speed.

 

[Phantasmal]

Scared? I'd call it smart.

Trump was a bad economic President the 1st time around. In his 2nd term, he is wrecking the good economy he inherited at lightning speed.

I thought it would be at least six months!

 

[gfm7175]

@Guno צְבִי Are you aware that other countries have been tariffing the heck out of the USA since ages ago?? What's wrong with some reciprocal tariffs?

Are you aware that the tariffs from Trump's first term did NOT result in increased goods prices here in the USA?

 

[Phantasmal]

Trump is fucking around with something he knows nothing about

All his cabinet members.

I wonder how Rubio is doing as Sec. of State and what he is saying to our Allies? I hope he’s losing sleep.

 

[gfm7175]

Scared? I'd call it smart.

Trump was a bad economic President the 1st time around. In his 2nd term, he is wrecking the good economy he inherited at lightning speed.

You must live in Opposite Land.

 

[BartenderElite]

You must live in Opposite Land.

The market has been going down steadily, consumer confidence is down, jobless claims are up, inflation isn't improving - and is very likely to get worse w/ the tariffs.

Nope. I live in normal land.

 

[Phantasmal]

The market has been going down steadily, consumer confidence is down, jobless claims are up, inflation isn't improving - and is very likely to get worse w/ the tariffs.

Nope. I live in normal land.

Billionaires will be feasting on the carcasses!

 

[gfm7175]

The market has been going down steadily,

No, it's been steadily increasing.

consumer confidence is down,

Mine isn't.

jobless claims are up,

For plenty of federal government employees, yes.

inflation isn't improving

So inflation was a problem under Biden?

- and is very likely to get worse w/ the tariffs.

No it won't.

Nope. I live in normal land.

Nope. You live in Opposite Land.