Summary
Donald Trump defended his sweeping new tariffs—including a 104% levy on Chinese goods—despite market turmoil and a historic sell-off in U.S. Treasuries.
Speaking to Republicans, he claimed manufacturing is returning to the U.S., repeating, “I know what the hell I’m doing.”
China responded with an 84% tariff on U.S. goods, intensifying a trade war that tanked global markets.
The S&P 500 nears bear territory, and JPMorgan raised global recession odds to 60%. Critics warn of inflation, declining investor confidence, and deepening economic instability.
I like it when people with the wheel ask us to have faith, I’m sur it will not bite us in the ass
Dude just walked back a shitload of tariffs for 90 days down to 10% except China.
Nobody knows wtf is going on.
If there’s one thing markets love more than tariffs it’s uncertainty.
How long until the market simply becomes immune to the back-and-forth tariff nonsense? I feel like at this point Trump is just a fucking moron and people are having to seize the wheel from him to prevent total collapse of the system. He hikes the tariffs up, then pauses them hours after they go into effect. The inherently contradictory goal of wanting to bring American manufacturing back to America while simultaneously using tariffs as a negotiating tool makes no fucking sense no matter how you try to explain it.
Is this all just trying to control the narrative that the economy is crashing as a direct result of his economic plan?
The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
Don’t forget that when it crashes, they’ll get to try to rebuild the system so that it’s more stable for the capitalist class and workers have fewer rights and options.
Either he doesn’t know what he’s doing, or he does and this is the desired results. Both options are terrifying for the future.
Translation: he doesn’t have a fucking clue what he’s doing.
Update he indeed doesn’t know
HODL MY MILLER LITE!!!
He strikes me as a diet Coke and orphan blood kind of guy.
I know the “imagine if Obama did it” is so very tired at this point, but - seriously, just imagine if it was Obama doing this.
Nothing screams “DEI hire” like a washed-up never-was who is only known for being a white male fail-son nepo baby who failed up his entire life, and known for multiple bankruptcies - who couldn’t even make money with a casino - who is now fucking around with a Goldilocks economy and making it burn to the ground - all this, while his courtiers keep praising him and gaslighting the entire country.
If it was Obama doing this, I bet the people on Faux would be losing their minds so much that they’d probably just drop all the pretense and be using the n-word on the air… 🤣
They’d be looking up bible verses and calling him the antichrist.
Edit: oh wait…
He does know what he is doing. He just doesn’t care about anyone else. And he is basing his opinion that what he is doing will work out simply because everything else he has done has “worked out” to get him where he is. In the narrow scope of just him, his thought process is almost rational. But the world is bigger than him, even if he doesn’t want to believe it.
Following Putin’s orders.
Why are we not talking about the phone call they had a month ago, hmm?
Trust him, he’s done this six times before.
And it seems to have worked out for him pretty well. He lives an incredibly lavish lifestyle, won the presidency twice, has a huge collection of devoted followers, and generally seems to have avoided any negative consequences.
Between Trump and the people around him, SOMEONE know what they are doing.
You forgot corruption. Corruption, I suspect, is what is “around him”.
He does have a lot of experience running failures further into the ground.
“Hold my beer.”
Anyone who has to say
he’s king is no kinghe knows what the hell he’s doing doesn’t know what the hell he’s doing.Orrrrrr, maybe just needs legislators to look the other way just a little bit longer, until the massive public unrest allows for martial law.
