Damage is done. No one in their right mind who isn't desperate (hello Nissan) would invest in US now. Too much instability, mistrust and lawlessness. Not to mention the fact people don't like getting involved with an extortion racket.
You can successfully manage a business appropriately in a good news environment…you can manage in a bad news environment…you cannot successfully manage a business in an environment of uncertianty
The 1929 stock market crash, often called "Black Thursday," triggered the Great Depression by shattering investor confidence, leading to a sharp decline in consumer spending and business investment, and ultimately causing a severe economic downturn.
People who lost all were jumping out of windows
Exactly. As soon as grandpa starts getting countries groveling at his feet, he will firmly set his crown on his head and declare the tariffs worked and taken them down. This was never about bringing work back to the US. It was all about his control.
He’s not going to get countries groveling at his feet. He’s going to tell his worshippers that they groveled after mega business threatens to make his life miserable in every way.
Lmao if they pull them back just like they did with the Canada/Mexico threats, the markets are going to lose it. What a idiot. At this point just decide, it’s the back and forth that doesn’t even make sense for his own people
This billionaire should be the first to go...then the rest of his clown car needs to be sent through the car wash to remove the filth they are imposing on America
They'll stay in place until the market bottoms out enough for Agent Orange, his family, and billionaire buddies to finish raping and pillaging. Then, watch how the market suddenly takes off.
Highly likely he will stubbornly double down like a petulant teenager.
trump screaming “you can’t tell me what to do!” followed by ketchup splattering against a wall and his aides scattering like the roaches they are…
Weeks? Weeks won't move a single job back to the US. Weeks won't bring in any revenue. Weeks won't accomplish anything except burn trillions of $. What a joke.
While the repression of anyone who agreed to work for Trump is dubious at best, several have been thoroughly torched (see Lutnick. Howard) thanks to their utter commitment to lying and to their King by this episode.
However bad they are, if Trump gets rid of them by Tuesday literally the whole world will piss their pants and know 100% finally and for sure that he’s the most pathetic excuse for a leader ever seen.
Trump will extort whatever he can for himself and his oligarch pals when a Cambodia or Vietnam comes and bends the knee. He’ll declare victory. But for most of the world’s trading partners, the uncertainty of The next move by America’s Mad King remains. Unpredictability is Trump’s mantra.
I don't believe one thing that comes out of the WH. But the press corp I do. If this is the paper they said he is reading, I am very enclined to believe it.
whether or not the tariffs remain, the problem of America as an unreliable partner in the hands of a demented mob boss and kompromat traitor will remain.
This guy’s got a gazillion $$. What accounts for his joy in bringing misery to others less fortunate? Why are so many members of the Trump sadistic creeps?
Zimbabwe, too. They’ve learned their lesson and will never take advantage of the U.S. again. Who will be the next freeloader to submit to our great leader?
Regarding Tariffs, I had a initially thought that this was an old dog learning new tricks which argued against rapidly worsening dementia however recent clips have shown trump talking about tariffs in the 80’s, so this is actually a long held belief that is now let loose from the confines of reality
He gives up when he gets significant push-back. His fondness for tariffs are nothing compared to his childish need to be liked—a common trait with authoritarians.
He can’t be reasoned with…at least, not with reason. He’s almost pure id. You have to regard him like a toddler, and hope he doesn’t throw a tantrum. I’m fully expecting him to throw one over the stock market and the protests. When that doesn’t change anything, he’ll change course.
I think they want other countries to buy more stuff FROM us, and they believe that tariffs and other regulations in those countries are preventing that.
So, they would want Europe to lower tariffs to U.S. beef, for example, and not require it to be free of hormones, etc, like EU beef is.
It's wild. I think they believe that every human on the planet would basically be a Texan, driving a big ass pickup and eating nothing but brisket, if only it weren't for those pesky rules.
We underestimate their ability to break the economy. Millions and millions of people will be screwing iphones together in tents. Musk likes building advanced products in tents, no big factory project required.
absolute worst of all possible worlds in EVERY direction. he pulls this horrendous boner move, throws the economy off a cliff and the world into confusion and further mistrust, which was already in the toilet;
retracts some, doubles down others, does the hokey pokey, shakes it all about!
Lutnick and Bessent will be out soon, honestly, why Navarro is allowed to stick around is a mystery, although maybe it's because he's fundamentally as unhinged as Loomer so Trump feels a strong kinship
They’ll be on long enough for Trump to have a few countries and companies suck up to him and fir the GOP to use phantom tariff revenue to give a fig leaf excuse to cave to on the heinous tax bill to the GOP members of Congress who are publicly concerned about the debt. 🤬
Lmao the fact that he is admitting they are reversing the tariffs in weeks means that they’ve already convinced Trump it’s a bad idea, and the only reason to wait weeks is for something to happen somewhere in the interim that Trump can use to declare victory when he pulls them.
Translation: Oligarchs, buy up as many stocks at bargain-basement prices at the opening bell tomorrow. Tariffs are being rescinded any day now, exactly as promised.
I Thought Trump brought Tariffs in, to REPLACE Income Tax. How can they be Gone by Tuesday? Does that mean he's changed his mind about Income Taxes going away?
If I know Trump, he will let the markets tank further ,THEN rush in to remove/reduce tariffs, so the market has a big rebound and then he can claim to have made the economy great again.
Comments
People who lost all were jumping out of windows
A roller-coaster approach might make things worse than leaving them as they are, though, due to the resulting high(er) uncertainty.
trump screaming “you can’t tell me what to do!” followed by ketchup splattering against a wall and his aides scattering like the roaches they are…
The USA is on some kind of drunken bender.
As predicted.
https://bsky.app/profile/josephmiller3.bsky.social/post/3lm2xcb4jys27
Repeat every 3-6 weeks.
That's the kind of certainty that the market likes. Economic policy based on throwing darts at a board of plans.
“🎶 You don’t know what you’re doing 🎶”
Trump and his clueless cabinet definitely deserve a few choruses of that.
WTF is this asshole?
whether or not the tariffs remain, the problem of America as an unreliable partner in the hands of a demented mob boss and kompromat traitor will remain.
I think he’s pretty much checked out of reality
No one is building a factory here when they can just wait it out. Man, we're all gonna just eat shit while the rest of the world sits it out.
What even do they want?
So, they would want Europe to lower tariffs to U.S. beef, for example, and not require it to be free of hormones, etc, like EU beef is.
which cheat is it in this engine, is it warpspeed or hurryupguys
retracts some, doubles down others, does the hokey pokey, shakes it all about!
if they're snowed by him either staying the course forever or going "I meant to do that" they're yours anyway! Everyone else hates you!
Well played, sir, no notes. Clap, clap.
They’re neck deep in corrupt insider trading
Trump has a history of holding on to obviously failing strategies for far too long.
Well…. shit.