"maybe if we boil the frog slowly...?" *TRUMP TEAM STUDIES MONTH-BY-MONTH TARIFF HIKES OF 2%-5% *BESSENT, HASSETT, MIRAN DISCUSSING GRADUAL TARIFFS, PEOPLE SAY *TRUMP STILL HASN'T REVIEWED OR APPROVED GRADUAL TARIFF IDEA - ThreadSky

peark.es • 49 days ago

"maybe if we boil the frog slowly...?"

*TRUMP TEAM STUDIES MONTH-BY-MONTH TARIFF HIKES OF 2%-5%
*BESSENT, HASSETT, MIRAN DISCUSSING GRADUAL TARIFFS, PEOPLE SAY
*TRUMP STILL HASN'T REVIEWED OR APPROVED GRADUAL TARIFF IDEA

Comments

jauntywk.bsky.social•49 days ago

Gradually ratcheting tariffs also sounds like the world's biggest handout to accounting divisions, as incredibly hard & time consuming to execute & juggle at every company impacted.

ramsandhoosiers.bsky.social•49 days ago

The plan pictured: https://m.youtube.com/watch?v=aMvyTlcUoD4&pp=ygUVaG9tZXIgZmFsbHMgb2ZmIGNsaWZm

tinkertailorreply.bsky.social•49 days ago

Anyone who’s tried it knows sous vide frog is superior.

michaelcaley.bsky.social•49 days ago

if you can abstract the stakes here, it is very funny how Bessent and co keep cooking up new ideas for doing tariffs in somewhat less stupid ways and then pitching them to the markets and Trump at the same time

apearlma.bsky.social•49 days ago

"please show on the tv that he watches so he can maybe get our idea? please?"

benjicardoso.bsky.social•49 days ago

So much for tariffs being just a one-time price level hit rather than a driver of sustained inflation

ncalcote.bsky.social•49 days ago

30% fed rate by 2026?

donferrari.bsky.social•49 days ago

And I'm sure this catastrophic inflation will be covered with the same urgency by our illustrious news media

proudrebelscum.bsky.social•49 days ago

be kind of nice to have each month more expensive than the one before it, said no one, ever.

jdotj.bsky.social•49 days ago

Isn’t this a tacit admission that they know what tariffs will do to the economy? If they need to try and ease the effects….

richinnj.bsky.social•49 days ago

His team definitely knows…

mbdrapier.bsky.social•49 days ago

I remain open to the possibility that Bessent the Wall Streeter is secretly opposed to tariffs and is doing everything he can to undermine and slow-roll them.

mbdrapier.bsky.social•49 days ago

I hope Bessent has worked out his personal exit strategy. Trump may not care about his Soros background now, but if and when they fall out Trump won’t shut up about it.

db-user.bsky.social•49 days ago

"it worked for our brains, maybe it'll work for theirs too"

hoon.bsky.social•49 days ago

So instead of base effects (ie one and done) on inflation, we’ll just have lingering higher inflation and higher inflation expectations. Got it.

hudsonrivercroc.bsky.social•49 days ago

I wonder if the expectation of his staff, is to let him have a little and then talk him off the rest, because lol… people just refuse to learn

oneoneder.bsky.social•49 days ago

"We'll just hope he dies before it tops off" basically

boomies-n-zoomies.bsky.social•49 days ago

Or hope that a market downturn spooks him. Which isn’t a terrible plan, given what they’ve got to work with.

hudsonrivercroc.bsky.social•49 days ago

This is true, if I was him I would be completely paranoid that Vance and his owner want him dead

ncalcote.bsky.social•49 days ago

3rd floor windows roughly 55’ up ought to do the trick

capitalistfool.bsky.social•49 days ago

That wouldn't be paranoia—they do want him dead. So does most of the planet

swiffy.bsky.social•49 days ago

Just a trial balloon. Doubt it goes that way

ozmodiar.bsky.social•49 days ago

Has he even expressed what he wants from all these countries? Trump's going to turn up the heat until they do what exactly?

securopean.bsky.social•49 days ago

2% tariff, market falls 1%, Trump panics and kills the stupid idea. OK this could work.

tobellz.bsky.social•49 days ago

Trump team speed-running "why broad tariffs are bad" in the days leading up to the inauguration is really confidence inspiring.

Hey! I've got a great idea. Tell Trump you're doing tariffs and then you don't do them.

capitalistfool.bsky.social•49 days ago

How would he know? Just keep telling him the checks from China are pouring in

swolecialism.bsky.social•49 days ago

oh cmon he's not gonna wait around on this lol

ireidani.bsky.social•47 days ago

My thoughts exactly. This reads like wishful thinking of a few advisers who hope that he'll see the blowback before he does actual damage to their investments.

He won't.

proofofburden.bsky.social•49 days ago

I'm not gonna outright disagree, but his first term was marked by extreme promises and then a crisis among his staff and then a compromise. If you're right about this, things might actually be really different this time

godzillionaire.bsky.social•49 days ago

I think this is true, but also the man has brought up William McKinley unprompted on multiple occasions in the past year- he fucking loves tariffs and wants to do them

huwupy.kawaii.social•49 days ago

Every time I think that, he responds to the latest trial balloon with furious denial…

figgityfigs.bsky.social•49 days ago

I think it’s good to remember this but also, the piece about staffing NSC with 100% career civil service Trump true believers alone indicates that things will be different/more extreme in terms of eliminating institutional barriers to his will.

figgityfigs.bsky.social•49 days ago

If nothing else, he and his people know where he was stymied/slowed last time and they’re dynamiting those specific places.

swolecialism.bsky.social•49 days ago

i guess we'll see, but when it's stuff he can basically just EO he tended to go whole-hog

apearlma.bsky.social•49 days ago

i mean, the item says he hasn't reviewed it, meaning his staff is afraid to show it to him. they're hoping a tv shows it to him.

lazear.bsky.social•49 days ago

Based on how mad he got by the reports of limited tariffs from last week him getting mad is probably a safe bet for his staff to make.

lazear.bsky.social•49 days ago

Will the most impatient man in history take a gradual approach, let's find out.

peark.es•49 days ago

lol IDK man

swolecialism.bsky.social•49 days ago

theres probably a good greek word for government by dumbasses

donferrari.bsky.social•49 days ago

"Fuckupopolis"

preachypreach.bsky.social•49 days ago

Kakistocracy (though the median Ancient Greek apart from a brief spell in the 4th century BC would have just gone for democracy, tbh)

reddtrain.bsky.social•49 days ago

TIL that kakistocracy is the word for governing by the stupidest as well as governing by the worst morally.

shuadc.bsky.social•49 days ago

I can see 25 percent on one with a 2-5 percent escalator thereafter

pmcewen.bsky.social•49 days ago

This seems like another instance of staffers coming up with every possible alternative because Trump can't be swayed. The more of these that get reported, the more convinced I become that he's actually going to do it

bw242.bsky.social•49 days ago

At the very least I'm sure his handlers will talk themselves into this for a week. And then after inauguration he'll be screaming at them why haven't they set the 25% already

iid.bsky.social•49 days ago

what if we do it, but like, with our eyes closed

davidskywelker.bsky.social•49 days ago

Doesn’t anyone remember why the 2017 tax law sunset in 2025? Doesn’t anyone remember why the last CR of 2024 caused Trump to demand the debt ceiling be attached?

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