Donald Trump liberates Americans from their retirement savings with tariff gamble

[BLMFem]

https://www.independent.co.uk/news/world/americas/us-politics/donald-trump-tariffs-announcement-b2726424.html

 

In a speech that sought to portray the wealthiest country in the world as a victim of the global system of trade it created, Donald Trump proclaimed “liberation day” on Wednesday as he announced sweeping tariffs on all imports into the United States.

Precisely who was being saved, and from what, was unclear. If the initial market reaction is anything to go by, many Americans may soon be liberated from their retirement savings.

[save the frogs]

fear-mongering, if you ask me

please liberate us from your false interpretations of reality and doomsday prophecies

 

 

[blaze master]

13 minutes ago, save the frogs said:

fear-mongering, if you ask me

please liberate us from your false interpretations of reality and doomsday prophecies

 

 

 

Don't you never touch a black man's radio. What's wrong with you boi.

[Lacessit]

11 minutes ago, save the frogs said:

fear-mongering, if you ask me

please liberate us from your false interpretations of reality and doomsday prophecies

 

 

Most retirement funds are heavily invested in shares.

 

Irrespective of index, the stock market on average lost 3% in just one day.

 

Shares lose value when interest rates are raised to control inflation. Tariffs are inflationary.

 

Reality is many Americans will find their retirement savings are reduced by Trump's actions.

[save the frogs]

11 hours ago, Lacessit said:

Reality is many Americans will find their retirement savings are reduced by Trump's actions.

OP said "liberated".

Ok, let's see what happens. What the bleep do I know?

 

[BLMFem]

3 minutes ago, save the frogs said:

Who says things need to stay the same forever and ever?

People who afraid of change might have a heart attack because there might be more change in the next decade than in the last 100 years.

Nobody said things need to stay the same forever and ever.

Who says change equals improvement?

[save the frogs]

11 hours ago, BLMFem said:

Who says change equals improvement?

yes, things could potentially get worse ... true

 

 

[3NUMBAS]

A 1930s depression due 

[Tug]

Tariff gamble……hummm …..and who managed to BANKRUPT 2 casinos???now the trust fund baby is gambling with our future……

[stevenl]

4 hours ago, BLMFem said:

the global system of trade it created

This is very much true. The US started it and is now complaining about what it created.

[Jim Blue]

2 hours ago, Tug said:

Tariff gamble……hummm …..and who managed to BANKRUPT 2 casinos???now the trust fund baby is gambling with our future……

Two casinos ? Very unfortunate or is it another word I'm groping for !!4