The Daily Populous Monday August 4th, 2025 evening edition
Authored by economist.com and submitted by 1-randomonium

W hen President Donald Trump stood outside the White House on April 2nd and revealed his “Liberation Day” tariffs, all hell broke loose. The “reciprocal” levies threatened to break financial markets, as well as scrambling international commerce. Thankfully, Mr Trump quickly backed down, cutting tariffs to 10% for most countries on April 9th and doing the same for China a month later. Markets recovered; uncertainty receded. The world economy tried to move on. Everyone began to lose interest. Everyone, that is, except Mr Trump.

128-NotePolyVA on August 4th, 2025 at 16:13 UTC »

The cost of living in the US is rising due to additional sources of tax revenue for the Federal Government in the form of tariffs paid for by US importers with their cost passed on to consumers.

This is not a progressive tax structure. Let’s say all households’ additional cost burden rises by $2-4k a year. That sum of money is a greater percentage of their income for people in the lower tax brackets vs those in the higher brackets. In other words, a higher cost of living is harder on households with less income.

At the same time, the greatest income tax relief planned by the 2025 federal government is going to the highest earners. While cost cutting in the form of eliminated and scaled back programs for the poor has been particularly dismissive of what life is like for those us at the bottom rungs of society.

MeatPiston on August 4th, 2025 at 15:32 UTC »

That’s how the man works. The most spoiled attention starved manchild to ever exist.

This isn’t about trade policy. It’s about the ego of one man.

sunnyspiders on August 4th, 2025 at 13:19 UTC »

Which is why we’re removing the US from the conversation as much as we can.

The US as a trading partner has shattered its global reputation.

It’s now a full on criminal mafia enterprise, threatening and extorting all of its friends and family.

Dealing with Trump is meaningless as his goldfish mind can’t even remember what deals he’s signed and he’ll tear anything up on a whim.

Americans may be tolerating the whims of a toddler destroying their infrastructure and industries but no way we have to put up with it.