TEBTC (OP)
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May 29, 2025, 12:27:07 PM Last edit: May 29, 2025, 12:42:11 PM by TEBTC |
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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://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
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WillyAp
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Looking for guilt best look first into a mirror
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May 29, 2025, 05:23:53 PM |
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Jobs are plentiful in the US just the US Citizens don't like those. So they employ illegals.
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Orpichukwu
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May 29, 2025, 06:15:10 PM |
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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 are plentiful in the US just the US Citizens don't like those. So they employ illegals.
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.
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Alpha Marine
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May 29, 2025, 06:49:39 PM |
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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 The International Labour Organization (ILO), a UN agency, predicts in a report released Wednesday that 53 million jobs will be created worldwide in 2025 — 7 million fewer than previously thought — owing to a shakier economic outlook caused by trade disruptions and geopolitical tensions.
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.
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Mate2237
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May 29, 2025, 07:33:51 PM |
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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
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BIT-BENDER
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May 29, 2025, 08:09:39 PM |
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Jobs are plentiful in the US just the US Citizens don't like those. So they employ illegals.
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.
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Fortify
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May 29, 2025, 08:17:19 PM |
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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.
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
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.
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Richbased
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May 29, 2025, 08:23:57 PM |
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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.
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BenCodie
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May 30, 2025, 03:44:24 AM |
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Jobs are plentiful in the US just the US Citizens don't like those. So they employ illegals.
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. 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 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.
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franky1
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May 30, 2025, 04:04:34 AM |
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wrong. its a United Nations GLOBAL statistical forecast, not a US forecast UN Global employment forecast downgraded by up to 7 million jobs in 2025
yep we already know chinas employment market is already being hit by way more than 7mill job losses
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both researched opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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pooya87
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May 30, 2025, 04:11:23 AM |
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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=5503157.0But 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...
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viljy
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May 30, 2025, 04:17:05 AM |
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because no matter big a country is that country needs other countries for survival
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. 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 The International Labour Organization (ILO), a UN agency, predicts in a report released Wednesday that 53 million jobs will be created worldwide in 2025 — 7 million fewer than previously thought — owing to a shakier economic outlook caused by trade disruptions and geopolitical tensions.
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. 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.
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asriloni
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May 30, 2025, 06:05:11 AM |
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 It seems you you're not reading it properly, or you just only read the title, then took a conclusion.  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.
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tabas
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May 30, 2025, 07:43:37 AM |
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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. 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.
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.
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DeathAngel
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May 30, 2025, 11:01:21 AM |
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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.
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avikz
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May 30, 2025, 12:47:56 PM |
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The trade war is causing a lot of problems but Trump is not an idiot.
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?
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Die_empty
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May 30, 2025, 01:18:18 PM |
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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=5503157.0But 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... 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.
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el kaka22
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May 30, 2025, 07:12:40 PM |
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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.
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cryptotact11
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May 30, 2025, 08:00:40 PM |
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Let me guess, if Harris did this Trade war it would generate over 7 million jobs in the same year.  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.
Don't read too much into fake news. There is no evidence that this is going to happen.
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X-ray
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May 31, 2025, 03:55:19 AM |
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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.
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