Trump tariffs have forced CaseLabs into bankruptcy and liquidation | Hacker News Reader

Trump tariffs have forced CaseLabs into bankruptcy and liquidation

independent.co.uk

This is terrible. I actually like some of Trump's work in terms of negotiating better trade deals for the US. However, the unpredictability is a little nuts and threatens stalling an otherwise great US economy of late. Basically snatching defeat from the jaws of victory.

I've been hearing that we have a great economy lately from a lot of people. Could you please explain why US has a great economy currently?

growth

That's such a superficial metric for a 'great economy.' It doesn't consider other factors like 'ability to keep growing.' An economy that is growing like crazy but in a way that is completely unsustainable (i.e. will lead to its downfall) is hardly what I would call 'great.'

Well, in my shed manufacturing business, my sales have doubled since mid-March, to the point that my production can't keep up.

I figure that all those extra dollars in people's paychecks are allowing them to get that shed they've been wanting.

>I figure that all those extra dollars in people's paychecks are allowing them to get that shed they've been wanting.

Wages haven't seen an increase since the 70's for 60% of the country. There must be some other contributing factor.

https://www.businessinsider.com/record-median-household-inco...

That data is from before the Trump tax cut. I don't think you can dismiss it as a factor.

The tax cuts were to benefit the already wealthy. The majority of the country has actually seen wages fall since the tax cuts.

https://www.vox.com/2018/7/23/17602746/tax-cuts-work-bloombe...

Quote from that article:

"Statistics data from the second quarter isn’t available yet. Two quarters might be too early to gauge the tax bill’s effects on wages."

Besides, the extra dollars in their paychecks didn't come from wage increases. It came from them having less money withheld from their current pay.

> I actually like some of Trump's work in terms of negotiating better trade deals for the US

Has he actually successfully negotiated anything other than "the EU might buy a small number of soybeans from us"? I'm asking because there's a lot of rhetoric from him and his friends that he is successful negotiating trade agreements, but I'm stuggling to find any that are meaningful.

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