General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsA crisis is unfolding on Main Street.....
Tired of hearing that this is a Wall Street problem, not a Main Street problem.
— Matt McDermott (@mattmfm.bsky.social) 2025-04-13T13:42:49.028Z
Small businesses are panicked. Inflation is rising. Consumer confidence is tanking. Tourism is collapsing. Layoffs are next â all thanks to Trumpâs tariffs.
A crisis is unfolding on Main Street.
Matt McDermott
Tired of hearing that this is a Wall Street problem, not a Main Street problem.
Small businesses are panicked. Inflation is rising. Consumer confidence is tanking. Tourism is collapsing. Layoffs are next all thanks to Trumps tariffs.
A crisis is unfolding on Main Street.
-
Imagine being a small business with debt, that you used to import products you had manufactured in china. In the time it took to make the products, tariffs were added, that more than doubled your cost. They are crushed
— Mark Cuban (@mcuban.bsky.social) 2025-04-12T17:03:43.358Z
Are there any states offering support for their businesses ?
Mark Cuban
Imagine being a small business with debt, that you used to import products you had manufactured in china. In the time it took to make the products, tariffs were added, that more than doubled your cost. They are crushed
Are there any states offering support for their businesses ?
The reports of European visitors having their phones searched at the border and turned away if they've criticised Trump in private messages has already had an impact on US tourism.
— Dave Keating (@davekeating.substack.com) 2025-04-12T10:15:01.122Z
Keep in mind most people book these trips way in advance. This is just the start.
www.ft.com/content/6dc1...
The reports of European visitors having their phones searched at the border and turned away if they've criticised Trump in private messages has already had an impact on US tourism.
Keep in mind most people book these trips way in advance. This is just the start.
https://www.ft.com/content/6dc16a54-8de1-4f3b-8409-ecb566118127
The Number of Europeans traveling to the US has cratered under Trump
Walleye
(43,817 posts)In the past. How do you pay off your Farm loans? God knows they operate on a shoestring as it is always subject to catastrophic crop failures. This is a national disaster, almost as bad as an actual war. We will really suffer for this.
CrispyQ
(40,670 posts)Maybe worse, Walleye, if we lose our government & we're solidly on that path.
This is the order of my emotions.
Walleye
(43,817 posts)bee_peaceful
(84 posts)... is the provide a stable and dependable framework for fair trade.
May need to revisit that.
Evolve Dammit
(21,498 posts)slightlv
(7,438 posts)In the1930s. Then it may have been rich men more than corporations, but the idea is the same. Rin out the family farms, corporations buy them for pennies on the dollar, and our cost for food goes up even higher as mire profit is wanted. Unregulated capitalism is as bad as... or worse than communism IMO. As long as men are greedy, anyway.
Evolve Dammit
(21,498 posts)cate94
(3,049 posts)One of my grandfathers was well off and lost everything.
My other grandfather was well off and took over peoples mortgages until they got back on their feet and could pay him back. My grandma saved the ledgers. He did not add to their debt, no additional interest added.
ShazamIam
(3,037 posts)officially corporate owned farms. This was done under their policy that small farmers would not be able to meet the food demands of a fast growing, at the time, global population.
Edit Add, this policy of only supporting the largest growers is that the primary aid to farmers is to provide crop insurance backed by the government but only the largest growers can afford to purchase.
Clouds Passing
(6,995 posts)BonnieJW
(3,081 posts)travelingthrulife
(4,463 posts)in the future, if available at all. Like states with fire or severe weather issues.
I hope they remember who did this to them this time.
Walleye
(43,817 posts)Johonny
(25,453 posts)But it feel impossible that a complete collapse of consumer confidence, won't be followed by a recession. We have random economic policies of the moment. And a hostile, extremely hostile foreign environment which should be devastating to tourism and just trade in general. We have zero allies at the moment.
Maybe VD Vance or moron Trump can explain how having zero allies is beneficial in a global economy.
DENVERPOPS
(13,003 posts)but they created a Frankenstein's Psychopath this time, and they don't know what to do..................
Trump has already thrown his Trumphumping Voters under the bus, now that they have outgrown their usefulness,
Now he is throwing the Fucking Corporations under the bus......(Every last one of them, who gave him un-fathomable donations thinking he wouldn't screw them over)...............
He is a Sadistic, Narcissistic, Psychopath..........how could they think this wouldn't happen. He only takes his orders from Putin, which they all should have realized LONG AGO.......
MadameButterfly
(3,746 posts)they'll do better staying loyal to Trump. It is Republicans and rich corporations who could turn this around but they are too greedy, too scared, or too cynical.
They'll regret it someday but it will be too late. Either the autocracy will be impenetrable, or the Dems will be in charge and we'll make sure they don't have the power (or the money) to do this again.
DENVERPOPS
(13,003 posts)were the Republican Senators in first time around, and have, along with the USSC, continued ever since.......
But the Senators, in particular, are wholly owned subsidiaries of the Corporations........
The Best Politicians that money can buy.........bar none...................AND there are a number of Dem Senators that are no different. Especially the DINO's...........and here in Colorado, we have ones that qualify............Katie Bar The Door............
slightlv
(7,438 posts)for having no allies in a global economy. Of course, it's based on nothing more than them, themselves. No one else matters. I'm old and no doubt in the minority, but I've always considered Wall Street as nothing more than a huge gambling casino. Even the lingo corresponds. That gambling is considered a sin in their Christian religion, christianists sure seem to go all in with it. It advances cheating, greed, and avarice in society. I don't see it as a good thing at all. And I especially don't like the hawks, vultures, and other mega capitalists that use its knowledge to shortchange or bankrupt another person or company. And while parts of actions may be illegal, too few are held accountable and, especially, if they're rich. It's like we've taken "too big to fail" so far as to encompass people like trump, musk, zuke, and the others as being "too rich to fail." It's all become so much evil that everyone is suppose to get behind and praise. But then, I'll admit, I was never good at math nor finances... so maybe that plays a role in my opinion.
Tadpole Raisin
(1,891 posts)If they travel to the United States Id rethink my trip on that alone, not to mention the stories starting to crop up about people being detained - not just told to turn back and get on a plane for home but detained and treated like criminals in barely habitable cells.
Tourism to the U.S. is going to be a big FAFO until he leaves office.
lame54
(39,212 posts)homegirl
(1,925 posts)a permanent move-New Zealand is beautiful and friendly. and very relaxed!
Bernardo de La Paz
(60,320 posts)Many March trips were booked before tRump was inaugurated.
The mood in Canada is such right now that if someone announced vacation plans for the US they would be shunned.
Walleye
(43,817 posts)Magoo48
(6,688 posts)I know we can do it, but will we.
slightlv
(7,438 posts)Of what has to happen. We must hit them hard economically, where it really hurts them. And that's the main aspect that must be sustained and the hardest to make it so. Everyone has to eat, so money has to be spent. But we have to be smart, organized, and consistent in whatever rules we lay for buy nothing periods. And we have to be ready for retaliation by trump and mega owners. That means supporting each other by sharing whatever meager supplies we have, or giving money if that's the better of the choice. This is where we're gonna sink or swim. Magas won't go this far, if they'd even take the first step. But when it comes to trump making sure everyone of his critics hurt and hurt bad, we either band together and help people swim, or we sink with all the panicked flailing in wild waters.
wolfie001
(7,087 posts)Reward companies that treat their employees decently!
bee_peaceful
(84 posts)We will tip the scales at over 3 1/2 %
slightlv
(7,438 posts)my wildest hopes are with you on this!
Magoo48
(6,688 posts)Evolve Dammit
(21,498 posts)Tadpole Raisin
(1,891 posts)Bernardo de La Paz
(60,320 posts)Tadpole Raisin
(1,891 posts)Touché!!
Bernardo de La Paz
(60,320 posts)ECL213
(431 posts)It knocks over all of the pieces, shits all over the board, and then it struts around like it won something.
travelingthrulife
(4,463 posts)You would think he would notice illegal immigrant Musk.
usonian
(23,542 posts)OMGWTF
(5,013 posts)Putin is thrilled!
GiqueCee
(3,409 posts)... just demonstrates Trump's infantile pettiness, and desperate need for constant praise, even if it's obtained through coercion. If there ever was a decent part of Trump which I seriously doubt it ran down his mother's leg. He has no business befouling the Oval Office by his rancid presence. And allowing just anyone to run for the highest office in the land with NO qualifications for the position is sheer idiocy of astronomical proportions. Plumbers, electricians, hair stylists, and thousands of other professions, all have to prove that they're qualified to do their jobs. To lead what was once the most powerful nation on Earth... not so much. That has to change. Trump has proved that.
LudwigPastorius
(14,161 posts)I heard that they are going to start reporting unemployment, GDP, etc. as exclusively private sector, so that the thousands of government layoffs don't bring the numbers down.
LudwigPastorius
(14,161 posts)Evolve Dammit
(21,498 posts)Squaredeal
(709 posts)Export tariffs will harm them too and cause layoffs. Foreign buyers will get their machinery elsewhere and it may permanently destroy relationships with these customers. Without these sales, they may not be able to sustain their businesses and have to furlough skilled employees. Many small American companies have mature markets in the U.S. and depend upon their offshore sales to stay in business.
Linda ladeewolf
(1,102 posts)Its working. They are afraid of the masses. The movement is building. These things take time.
OldBaldy1701E
(10,188 posts)Except the rich. They have a little time. They will survive this.
You and I? Not so much.
Linda ladeewolf
(1,102 posts)I have to have time. Small businesses need to make time. None of us have time. We need to make time, because there really is no other way. Peaceful protests held by a steadily building movement will work. Violence will get people killed or incarcerated. Dead people or incarcerated people cant protest or make a fuss. Making a fuss is more worrisome to these people than you think. It scares them when they see the numbers grow steadily. Even the republicans are getting a little worried. The first protest had a couple of million, this last one had several million. Its growing, it is also starting to get some attention from the mainstream. Theyve been trying to ignore it. We cant give up, because thats what they want.
Wounded Bear
(63,835 posts)Every year in baseball season there is a series played in Seattle by the Toronto blue Jays. Most years, thousands of Canadians come down to enjoy the games, creating a nice weekend long surge in tourism in the area, helping local restaurants, hotels, watering holes, etc.
This year they are scheduled to be here in May, and so far reservations are running 30-50% below average, cancellations are rising.
Can't say that I blame them, I'd be wary of coming here myself.
The trump effect is real and is costing real money to American businesses.
WinstonSmith4740
(3,416 posts)If you don't know it, go watch it. Now.
I've said it before and I still believe it...Rod Serling was a time traveler who was sent back to try to warn us about what the fuck we were doing, but he couldn't come right out and tell people. So he became a screen writer, and wrote stuff like this.
slightlv
(7,438 posts)Not phony like trumps spiritual counselor. He definitely had a bead on where this world was going. Gods, but I miss him . Hmm maybe rewashing old twilight zone shows could give us some ideas to implement today.
Norrrm
(4,003 posts)2 space aliens looking down on earth.
I see the dominant life form has developed space weapons.
Does this mean they are an emerging intelligence?
I don't think so. They have them aimed at themselves.
perdita9
(1,324 posts)Something MAGA claims to abhor
Meowmee
(9,212 posts)However I believe plenty of small businesses did take support on multiple occasions.
progressoid
(52,572 posts)Around here, rural farmers love them some farm subsidies but hate government subsidies for everyone else.
Bluetus
(2,291 posts)Last edited Sun Apr 13, 2025, 08:53 PM - Edit history (1)
Yes, Cuban speaks the truth. As a matter of necessity, many entrepreneurs chose to contract manufacturing to Chinese companies. This has been America's strategy for 40 years. We wanted to have others get their hands dirty while we push paper and drink Chardonnay.
That never should have been our national strategy. But Trump's actions are equally bad. The right policy is to incentivize new manufacturing here, and do it in a way that businesses could have a fair opportunity to adjust. That was what Biden was doing, although he foolishly kept it a big secret.
But as far as sympathy goes, I'm betting that > 80% of the small business people who are importing from China, now totally screwed by the tariffs, also voted for Trump, so I just don't have any Fs left to give them.
GreatGazoo
(4,475 posts)>I'm betting that > 80% of the small business people who are importing from China, now totally screwed by the tariffs, also voted for Trump<
How much are we betting?
Bluetus
(2,291 posts)of those who consider themselves "self-made small business entrepreneurs" are very right-wing. They all believe they did everything by themselves and all government spending is bad. They are all Trumpers, and all quick to blame any issues on "the others".
That is anecdotal, of course. Maybe your circle of acquaintances is different.
GreatGazoo
(4,475 posts)Is in line with my own experience -- an even split. I live near Etsy HQ so lots of other lefty entrepreneurs here.
Gallup polled in 2020:
Donald Trump 50%
Joe Biden 50%
Couldn't find a similar poll for 2024
https://news.gallup.com/poll/284396/small-business-owners-highly-engaged-2020-election.aspx
Bluetus
(2,291 posts)I was thinking about the people Mark Cuban described:
"Products you had manufactured in China" suggests to me a business owner that has a particular product or innovation, had to hire engineers to design it and then contracted with a Chinese company to build that. I probably know a dozen people that meet that description, and they are nowhere close to 50/50. But again, my experience is only a tiny sample and may not be true across the board.
Norrrm
(4,003 posts)Trump::: "Only the weak will fail." --- 'It's your fault, peasant.'
lostnfound
(17,403 posts)that if the dollar is weak, americans may stay in the US for vacation which can slightly offset the loss of foreign tourists. But that wont help US airlines international flights, either.
Meowmee
(9,212 posts)Aussie105
(7,645 posts)Even in Australia.
Cynical me read an article about a local business, essentially this:
"The Melbourne-based entrepreneur started her children's company as a young mum, when she dreamed up a reusable alternative to throwaway colouring books."
In short, she is selling a silicone coloring book that can be reused.
Essentially, she thinks that she is selling to the US from Australia.
In reality, she is drop-shipping from China, ie no goods are made in Australia, and no goods go through Australian ports, China direct to the US, so the full tariffs apply. Whatever that is today.
She was expecting to pay a 10% tariff.
"In HeyDoodle's case, they expect to pay the far higher tariff that the US has slapped on China now more than 100 per cent and rising.
That's because the firm's silicone colouring mats are manufactured in China.
They are then shipped directly from a factory there to the US to wholesalers and retailers, like bookshop giant Barnes & Noble."
To my mind, it's a lazy way to run a business, basically selling a Chinese product as middle-man.
It's a common business model and it will be destroyed by the tariff system.
So yeah, big panic!
On a personal note, I will be watching the local AU and US prices of lawn mowers carefully.
What used to be locally manufactured brands moved production to China years ago, while still appealing to low information buyers with the 'buy local' sentiment.
BidenRocks
(2,773 posts)I would cancel trumpistans third and split it with Canada and Mexico.
These fans are the targets and their safety is not guaranteed.
We are not a happy country right now.
LS_Editor
(920 posts)... where they are disappearing people and throwing them into foreign concentration camps?
Not a winning tourism strategy.
BComplex
(9,748 posts)Quit acting like trump is the fucking star of this show. It's the republican party, and all their voters and Supreme Court judges, who are responsible for the collapse of America.
