| March 31, 2025 |
| Are you ready to be liberated?Donald Trump’s ingenious plan to escalate his global trade war is set to start tomorrow, which the president vows will lay the groundwork for a golden era for the US economy. What the hell does that mean? In the simplest terms, “Liberation Day” will impose significant tariff increases on all imports, while forcing companies to relocate supply chains to the US. That’s because, in Trump’s mind, foreign countries have “really abused us” for decades. That, of course, is false; even the Wall Street Journal labeled Trump’s punitive tariffs as “the dumbest trade war in history.” Instead, Tuesday is all but certain to further plunge the stock market and send prices for everyday items through the roof. Even the rich are reportedly curtailing expenses ahead of Trump’s wrecking ball to the economy. From the Washington Post today:Johnny Franco, a plastic surgeon in Austin, said clients are increasingly opting for simpler procedures and local anesthesia, which can be thousands of dollars cheaper than going under during surgery.“There’s only so much money to go around for our patients,” he said. “A lot of them are breaking up their surgeries—maybe a breast lift instead of a full ‘mommy makeover,’ or fillers instead of liposuction. They’re able to save a decent amount of money while still feeling like they’re making progress.” I haven’t started scaling back quite yet. But should things shake out as badly as is predicted, I’m likely to hit pause on martinis and my precious Maldon salt while my 401(k) nosedives.What about you: How are you preparing? Whether it’s opting for cheaper facials or eating at home more, tell us how you’re preparing for our era of liberation.—Inae Oh |
Sorry, I am Republican! Mother Jones is Left media!
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