Flexport CEO: "Thousands, and then millions, of American small businesses, including many iconic brands, will go bankrupt this year if the tariff policies on China don’t change … When the brands fail, they will be purchased out of bankruptcy by their Chinese factories" https://t.co/EaiNcNlBsy
— Derek Thompson (@DKThomp) April 17, 2025
That is the most likely result, yes. Unsure if deliberate or idiocy. Either way, the result is the same: poverty and immiseration for the American people.