Kyle Cave
Staff Writer
According to President Trump, yesterday, April 2, 2025, was “Liberation Day.” On this day, he would impose tariffs on 136 countries worldwide, ranging from 10% to 30% and above.
A day after, the stock markets immediately reacted negatively, with the Dow Jones dropping over 1,000 points and other markets all in the red. Economists predict an incoming recession as imminent due to tariffs bound to increase prices astronomically.
In my view, I think we are already there.
When it comes to the economy, it hasn’t been in a good spot in a long time due to inflation. Former President Joe Biden signed the Inflation Reduction Act back in 2022, which did see inflation come down as a result. Of course, inflation reduction takes time, especially when the inflation crisis is a worldwide thing.
Tariffs are one thing only, a tax on the American people and a people in general. Trump is trying to sell to the American people that tariffs are a good thing due to “jobs coming back to America.” Little does he and his administration realize, that’s not how it works.
“The Golden Age of America,” Trump says he loves is about how America produced everything in America, is a dead and gone fantasy that he is making Americans suffer to bring to fruition.
When globalization came into the picture 20 to 30 years ago, “Made In America” died along with it, and I don’t necessarily think that is a bad thing.
Economic interdependence, in my view, is good, as other countries have things that America needs, and that benefits not only our economy, but their economy as well. It goes back to the saying, “You scratch my back, and I scratch yours,” perfectly.
Trump believes we are being “ripped off” by these nations because they are “not paying their fair share,” which just isn’t true. You cannot be “ripped off” as the biggest superpower country in the world. Trump’s logic fails because he treats this country and runs it like a business, which is why we are going to go into a big recession.
Americans are already hurting from inflation, consumer confidence has gone down, and these tariffs going into place make a recession inevitable.
The event that will come from the trade war is stagflation. This in economic terms means an extended period of stagnant economic growth high unemployment and high inflation.
Just last month, we saw job cuts of over 200,000 from Elon Musk’s DOGE, a number unheard of since the COVID pandemic back in 2020.
Economists say it won’t be until Q2 to see if we are in a recession or not, but I think we are already there. Most of this country has felt the pain of inflation after the pandemic. It’s something that a president could not control.
Tariffs are going to drive everything up. Not only was yesterday the unveiling of tariffs it was also the big reveal and details of the new Nintendo Switch. It’s been speculated the price of the switch is the reason it is due to Nintendo preparing for the tariffs.
Not only that, but it’s speculated digital games for the Nintendo Switch 2 will be priced at $80 and for physical copies it will be $90.
Our future is clear we will be paying much more for everything as this trade war continues. The only advice I can give individuals currently is to buy everything you want and or need at this very moment before it becomes unaffordable.