Bitcoin Forum

With the Donald trump administration keen on implementing the so called tariffs on goods that are coming to the United States of America which has also triggered retaliatory tariffs that has been imposed by other countries that are affected to the United States of America report suggest that this trade war that has started since the trump administration kicked off is going to have some dangerous consequences on the United States of America economy.

A report by the United nations has projected that the United States will lose over seven thousand jobs by the end of 2025 as a result of the trade war which is not favourable to any of the parties involved ,  It's Obvious that alot of business has been affected by the show of power by the United States of America as most businesses has been shortdown due to the cost of production which is attributed to the trade war the trump administration is Bent on destroying the American economy with this trade face-off with the rest of the world because with what started as a joke as tariff was only limited to Mexico, Canada and China trump has extended the tariff to the rest of the world.

If over seven million jobs could be lost in just a year then imagine how many jobs that will be lost in Trump's four year tenure in office trump should reconsider this tariffs and remove this unnecessary trade war that is causing more Harm than good to the American economy and the citizens finally I want to summarize by saying that there is an African proverb that says that no matter how big a tree is in the forest it needs other trees to make a forest the trump administration should know that they can't wage war with the rest of the world and become successful because no matter big a country is that country needs other countries for survival

https://www.talkimg.com/images/2025/05/29/UXG2EP.png

https://edition.cnn.com/2025/05/28/business/ilo-7-million-jobs-trade-war-intl?utm_medium=social&utm_source=whatsappCNN&utm_content=2025-05-28T17:12:41

Jobs are plentiful in the US just the US Citizens don't like those.
So they employ illegals.

This war is actually going to get some people out of business and send some back home, while it will also make some businesses stronger. But not only will it end their it will also extend down to the citizens, as everyone will suffer the increase in the price of products, which will affect them mainly, especially those who struggle to feed themselves. Only the elites will enjoy this war to some extent; the average person will complain.


Jobs might be plentiful in the US, and its citizens might not be convenient enough to do those jobs, but that's because they have other better options, immigrants are looking for a way to survive and will accept high-task jobs for low payment, but that's not what's being discussed here. Many businesses that can't survive this war will shut down, and their staff will be forced to look for jobs elsewhere, where the competition will be on the higher side for the main time and will be considered unemployed.

Between the two of us, one of us did not understand the article you posted well.
First of all, the seven million jobs aren't in America alone. It will be disastrous if seven million people lose their jobs in one country in a year alone.

 From your article  (https://edition.cnn.com/2025/05/28/business/ilo-7-million-jobs-trade-war-intl?utm_medium=social&utm_source=whatsappCNN&utm_content=2025-05-28T17:12:41)

Secondly, the seven million jobs aren't people losing their jobs per se, it means seven million fewer jobs will be created because companies will not likely want to hire more people or expand in this regard. The estimated number of jobs to be created this year is down by 7 million due to the tariff crisis.

This trade face-off will see the prices of goods and services skyrocket in the United States of America which will greatly affected the standard of living of the united states which will lead to inflation in the country so the effect of this trade face-off is one that is a threat to the United States of America economy because businesses and small scale and medium enterprises is going to be Greatly affected as raw materials that are imported into the country will be affected because there is going to be an increase in price of materials for production which will lead to slowly down of the economic growth of the country



I think that the seven million jobs here are the business that will be greatly affected because this trade war will have a great effect on the opportunities that exist in the business sector of the united states of America because alot of business is going to be affected leading to a stagnancy in economic activities

The aim of a citizen in a country like US is to keep going forward, You don't think anyone who had better opportunities before to now go into jobs they won't have ordinarily done.
As a citizens of US many of them already have great options but as a immigrant which most are coming from countries with little or no opportunities they actually have no choice and anything is quite good for them.

I can actually see Trump mellowing a little bit, since bonds rates started to soar and there was a lot of business nervousness from the random tariffs he has been a bit quieter than usual. He has just fallen out with his richest backer Elon Musk, who has actually slated his brand new "big spending" bill as a bad idea, so Trump will be feeling the pressure a little bit right now. If the tariffs are eventually blocked by judges, then he is going to lose his biggest trophies to date - the ability to threaten other countries into negotiations, friends and foes alike. He seems to have a high ability to withstand attacks however, so while he is knocked back a bit right now that can often cause him to come out with even more outrageous plans later on.

It's too early to cause a panic, tariff wars will affect the United States economy but do you think 7 million jobs can really be affected? I don't think so because the United States have invested so much on human capital development which means that no matter how the tariff wars trouble the United States, it won't bring their economy to a halt. The US Economy still remains the largest in the world, i believe they will recover from the tariff wars just that Trump is just being adamant and pompous as he doesn't even care about how the tariff wars will affect the people.

This is true for many western and first world countries. Comfort and privilege has created a segment of the population that is lazy and unskilled but not wanting entry level jobs, creating a demand for foreigners to do those roles that nationals don't want to do.


This very important to note.
7 million jobs that are already filled and being made redundant vs. 7 million jobs that were expected to be created but are now not have two very different effects.

wrong.
its a United Nations GLOBAL statistical forecast, not a US forecast

yep we already know chinas employment market is already being hit by way more than 7mill job losses

When they start a war it will affect them as well.

This is not the first time either. Last time Trump tried tariff war, it cost US 142,000 jobs and $40 billion GDP. They were predicting his radical moves would cost them 684,000 jobs this time https://bitcointalk.org/index.php?topic=5503157.0
But I'd say considering what they were predicting was a mild version of what Trump actually did, that number is going to be a lot higher. We're already seeing how the first 100 days of Americans enduring Trump has affected their economy and livelihood. As he pushes for more radical actions, things will get worse...

Nonsense. For a comfortable or even luxurious life of the population, international trade is needed (other countries are needed), but in order to survive, a large country does not need other countries at all. This has been the case for most of human history. It is the globalists who have inspired the gullible with many false "truths" in their interests, "international trade is necessary for survival," "the size of the territory does not matter." As throughout history, land (territory) has been the highest value, so it has remained. The Territory cannot be replaced by international trade. In other words, the country should produce food, not hope that it can be bought from someone at any time.


It turns out that the OP wrote a clickbait headline that distorts the facts. In other words, this is just another politicized attack on Trump's policy and nothing more. Trump is certainly not perfect, but the distortion of facts is even worse.

https://imgvb.com/images/2025/05/30/9a10d30086a7da03a3c4285ebcdfb665.png

It seems you you're not reading it properly, or you just only read the title, then took a conclusion.  :D :D

I don't know how hate you to the trump, but framing him negatively with your wrong opinion without even reading the news properly is not acceptable for sure.

7 million jobs to lose was a part from the 60 millions predicted by UN. It's not on US, but world wide.

Now this makes sense, it's one of the total predicted jobs that are going to be lost. But these trade wars that have been made, Trump and other world leaders cannot remove their feelings of pride in them. We're all affected by that, whether we like it or not, whether we like him or not.

We'll get to see that, and it's better to say that to panic early than to notice the impacts of the trade war quite late. It might not get an instant effect for the said millions of jobs, but look at the layoffs that have been happening lately with the giant tech companies. But it might not be directly about trade war but maybe, there's a connection.

The trade war is causing a lot of problems but Trump is not an idiot, we have to believe that he & the people who surround him will not allow us to cascade into a financial disaster. Surely they will pull the plug on all these tariffs if they begin to cause an irreversible problem. I think it’s all about leverage & getting better trade deals. Tgey’ve gone in like a wrecking ball but mid to long term they will get a favourable outcome surely. 

I doubt that! Trump surely acts like an idiot. He needs to understand one simple fact -

He cannot keep the world at his gun point just because US excels in military technologies and get his way!

That is precisely what Trump is trying to do to the world. It won't be long before the jobs will leave the shore.

Manufacturing companies are not idiots. Producing things in America costs 200% to 300% more, compared to the cost of production in China or India or any other developing countries. Why would a global company increase their cost of production in this insanely competitive market?

The unstable economic and political condition of the US is forcing investors to reduce their exposure to the US market. A few days ago, our court stopped the enforcement of the tariff, and just yesterday, another Court gave a temporal order for the tariff to be implemented. Countries are promoting the use of local currencies for trade and reducing the use of dollars.  The world will not see the extent of the damage Trump's policies have done to the US economy until he leaves office. The right data will not be made public to protect the denting image of his government.

Wish it was seven "thousand" like the topic name says. It's 7 million. By comparison, the total amount of employed people in all of USA is about 160 million, that means losing 7 million jobs, would make it 155 million give or take, that's nearly 5% gone in a single bad deal.

And the total unemployed people are 7 million already, so that means it would double. That is not okay and we can't really consider that as good at all, we are seeing that being a terrible thing and we can't consider that as good. He is not going to care though, he is doing something and he will find a way to say that he did something great and if anything bad happens he will just blame it on Biden or democrats or whatever else scapegoat he could find.

Let me guess, if Harris did this Trade war it would generate over 7 million jobs in the same year.  :D

Don't read too much into fake news. There is no evidence that this is going to happen.

Number doesn't add up and yeah it's worldwide not just in the US.

Right now trump is advocating for companies to reopen their manufacturing in the US, it could mean a new job for the US citizen, going as far as imposing tariff to the likes of apple and soon other will also be imposed in the same manner.

So losing seven million jobs doesn't make sense at all, at least that's what I think.

It is not something like 7 million people lost their job. employment opportunities in the global market are continuously declining. ILO recently revised its previous global employment growth rate forecast, stating that by 2025, 53 million new job opportunities might be created, which is 7 million lower than the previous prediction. The main reason for such decline is ongoing geopolitical conflicts and rising trade tensions.

Oxford Economics is blaming  US-China trade war for the biggest reason behind the decline in job creation in the global market. They published a study recently that said the US-China trade war has led to a peak loss of 245000 US jobs.

If USA and China can take effective steps to reduce such tariffs between them, it will be able to increase job creation in the global market, which will improve the economic situation and at the same time help increase economic stability in the global market.

He thinks, just because USA is big on military and on economic power, doesn't mean that we are going to see the world be ok with it. That is the most important part and we should realize that USA will end up with the short end of the stick here. So, if we are going to see things change and USA steps back then maybe they will do better but that doesn't mean we should consider all of this should be whatever we can see here.

If we do that then all we have to do is keep wait for it and it can't really be hopeful about it changing, just hold and let them be and do not trade with them and they will soon realize that Trump was a moron to make this tariff war with the world. It is not really that hard, we just trade with each other instead of them.

Anyone with a good educated guess on how many people live kinda off the grid?
Doing occasional jobs, mine a little, trade something and lay low.
Every country has them, in the 3rd world many countries have an about 75% informal workforce.

Nothing stays the same, and time can change everything. Not long ago, Great Britain and France were the strongest military and economic powers in the world. Today, the United States is the world's largest power, and tomorrow, no one knows, everything may change.

In any case, returning to your idea of ​​"not dealing with the United States in trade," this is somewhat difficult because it requires an alliance of all the countries of the world against the United States and refusing to deal with it. Such a consensus is difficult to achieve. Furthermore, the United States is the largest economic power and the largest capital in the world, and major companies need to market their products in the large American market.

Actually, power changes with time and no nation remains on the top of the pole. That has been illustrated by history more than once. The US may seem the power currently both militarily and economically but that is not the reason why the world needs to nod its head and accept whatever they do. Such trade wars and aggressive policies may be short term successes of some and in the long run it is the country that can be isolated.


Nevertheless, the total severing of the trade relationship with the US is much easier said than done. It is connected to most economies and the world is well interconnected at the market. Other nations which may not support the US policies also require entry into that market. Hence although there may be opposition, outright separation is not likely to occur in the near future. Or as time goes by and other countries get stronger with each other, I guess within a certain amount of time, the balance will turn and perhaps the world is not as US driven anymore.

You're right that the United States of America is the strongest countries both in terms of military and even economy doesn't mean that every nation in the world will follow and do what ever that they say we should not forget history right from the ancient times alot of kingdoms and nations has come to power and has gone down so the United States should not sees it self as a God among the nations because what the United States is doing under Donald Trump is clearly stating that they decide the final say of the global affairs.



The consequences of this trade  and tariffs attack on the rest of the world by the United States of America is going to be felt by the United States of America on the long run because this policy has brought a lot of strains in the relationship between the United States of America and the rest of the world because most countries has started looking for different trading alternatives while others has also placed counter tariffs the truth is that if all nations of the world stop doing business with the United States of America they will regret this their actions

It’s a big mess right now & it’ll hit Americans in the pocket as well as limit job openings. These import tariffs will force companies to pass price increases onto the customer so it’s not just job losses but also an increase in cost of living for the people who are lucky enough to still have a job. Hopefully this all comes to an end soon as trade deals are hopefully agreed.

That's true. I often laugh when people complain that there are no jobs. There are jobs, really, tons of them but the problem is that people don't like jobs where they have to move their ass. You really want to work? There is no warehouse near people that isn't looking for an employee, there is no delivery company or a postal service that is not looking for a new employee but these jobs don't pay you money in nothing, you have to actually work hard, so people don't like that and prefer to jobless instead of working there, that's why we employ illegals, they do the job that locals don't want to do. The condition in their countries are so bad that these jobs, that we don't do here, are a blessing for them (and that's very sad).

Are there not some US citizens working in other nations? Those are the people likely to lose their jobs due to the Tarrifs. They'll have to go back to the US where Trump wants all plants to be built. Jobs will be enormous for US citizens in the country. The diasporas need to be back home for employment -- world leaders are relieving themselves from international aids.

It's a global impact and almost every country that imports and exports their products to the US can't skip the tariff effect. While Trump aims to live the American dream once again. But the retaliation won't be for everyone. I guess that everyone needs to find the skill that we deserve and are pandemic and tariff war proof. Because that's how we should survive with all of the global instability that the little fish like us are mostly affected by these war cry that they do to each other.