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by sleepyguy 407 days ago
Ryan Pertersen (Import Genius and now Flexport) said that if these tariffs continue on China, 80% of small and medium-sized businesses that buy from China will go bankrupt. Over 2 million jobs will be lost. He is not the only one calling for a small business Armageddon. The big corporations love it, companies like Apple got exemptions, it's why you don't here them freaking out.

Hope Wyze makes it through this, long-time customer, and their cameras are great.
2 comments
TheOtherHobbes 407 days ago
Big corps love it because they're at the top of the food chain. But an extinction event is an extinction event. It just takes longer for the effects to work their way up.

Small businesses are 44% of US GDP. Losing even 10% of GDP would be very uncomfortable.

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carabiner 407 days ago
In 2021, approx 500 years ago, Ryan tweeted out a series of measures intended to resolve a Long Beach port shipping jam. His measures did almost nothing and amounted to bluster and broscience. https://www.latimes.com/business/technology/story/2021-10-28...

He also doesn't understand the concept of commercial airliners avoiding military airspace: https://www.reddit.com/r/ATC/s/1bTyTpBsqb

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sph 407 days ago
A person was wrong once, so can be safely ignored forevermore. Shipping lane jams nor military airspace have nothing to do with the matter of tariffs GP is talking about.
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putlake 407 days ago
Shipping lanes is more Peterson's area of professional expertise, isn't it? He's not an economist.
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sleepyguy 407 days ago
Well, we have a front row seat to the shitshow. It will play out in front of everyone to see the results in real time.
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blooalien 407 days ago
And the Death-Cult of Emperor Trump will cheer it every step of the way until they finally realize (entirely too late) that they're gettin' screwed too.
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arresin 407 days ago
You realise this is just as deranged right?
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