• merc@sh.itjust.works
    0·
    4 days ago

    And now the US is in a no-win situation.

    IMO the most important thing for a business is stability.

    Some businesses can do incredibly well in a high-tariff environment. Some businesses require a low-tariff environment. Some businesses need a light touch with regulations. Some businesses need a lot of government regulation to make long-term investments pay off. Businesses can even thrive in times of war, in times of government censorship, in times of prohibition. Businesses can even find a way to adapt under a dictator who rewards loyalty and punishes traitors, as long as they know what the rules are.

    What they can’t handle is uncertainty. If you don’t know what’s going to happen next year, or next month or even next week, you can’t make any plans. This absolute chaos is making doing business next to impossible.

    The only constant under Trump is more chaos, so even when he backs down from a bad decision, it’s yet another change that people have to cope with.

    Economic uncertainty is now literally off the charts, twice as bad as it was under COVID.

    Economic Uncertainty off the charts.

  • wanderwisley@lemm.eeEnglish
    0·
    5 days ago

    “Some of you billionaires will become even more wealthy.” “Everyone else, fuck off.” -diaper don-

  • saddlebag@lemmy.world
    0·
    5 days ago

    “I’m manipulating the market to fuck you over while I enrich myself and my friends” “Harder please daddy 🥹”

    • ddh@lemmy.sdf.orgEnglish
      0·
      5 days ago

      If he and his ‘friends’ aren’t front-running these announcements, I’ll eat my hat. Once I’m rich enough to buy a hat from China again, of course.

  • KnightontheSun@lemmy.world
    0·
    5 days ago

    It’s all pump-n-dump by design to enrich himself and his backers, but MAGAs don’t know how to play connect-the-dots.

    • merc@sh.itjust.works
      0·
      4 days ago

      I wonder if even that is giving him too much credit. IMO it’s more likely that people freaked out, so he changed his mind, then different people freaked out, so he changed it again.

      He may well have informed some people in advance about what he was about to do, and they made a lot of money as a result. But, I don’t actually believe that he’s clever enough to have done this intentionally as a plan.

      • KnightontheSun@lemmy.world
        0·
        4 days ago

        I don’t think him to be clever at all. He has handlers. They tell him what to do. Maybe the things you’ve described happened with the background “brilliant” (I don’t think they’re brilliant either) minds playing 4D chess, but trump is a [cheating] checkers man through and through.

        It is market manipulation for sure though. They just don’t want to tank things too early so they’re riding the razors edge. I am sure there are dissenting opinions on how to do this wonton destruction and what sort of carcass is left behind. This shows up as chaos with his decisions. Again, as in my original post, I only say “his” as he is the mouthpiece for the cabal of evil idiots.

      • CileTheSane@lemmy.ca
        0·
        4 days ago

        Just because Trump said 90 days doesn’t mean he’s actually going to wait 90 days. What Trump says has zero impact on what Trump does. Trump signed the previous trade agreement with Canada and Mexico last time he was in office that he violated with these tariffs.

        He just said “90 days” to maximize the market bounce. In two days he’ll complain that other countries are not removing their retaliatory tariffs (because real governments value consistency and won’t yo-yo their population like that) and I give him two weeks before he puts them back again. A month tops, but that’s giving Trump way too much credit.