Mark down March 3, 2025. That was the day Wall Street finally realized that US President Donald Trump was serious about tariffs. On Monday, the S&P 500 fell nearly 2 percent as Trump confirmed what we at the Atlantic Council predicted in February—that the tariffs on Canada and Mexico were not mere threats, but actually likely to be implemented. The stock markets continued to fall on Tuesday as investors processed the news.

  • ubergeek@lemmy.today
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    1 day ago

    But the tariffs also pay the tax cuts that allow rich people to spend more and to invest more.

    The wealthy don’t use their own money to do anything. They use their capital, to back loans, that they then loan to a corporation they created, in return for monthly fees from the corporation (To pay the loan), plus payment back as a loan.

    This protects the person from any risk, as the corporation now has all the risk of repayment, and the individual has no risk in it.