Trump Admin Walks Back Tariff Exemption On Electronics
www.huffpost.com
U.S. Customs and Border Protection claimed late on Friday that imported electronics, such as smartphones, laptops and more, would be exempt from Trump’s tariffs.

Donald Trump and White House officials walked back a Friday announcement that there would be tariff exemptions on imported electronics.

In a Truth Social post on Sunday, Trump directly denied the tariff exemption announcement.

…

“This is really mind-boggling. If this was serious industrial policy, the main thing you want is certainty: ‘Here’s the tariff, it will be in place for the indefinite future, and you should plan accordingly,’” Dean Baker, an economist at the Center for Economic and Policy Research, a left-leaning think tank, said, according to The Washington Post. “Here, it’s basically: ‘Come back next week and see what we’ve got.’ That’s no way to run an economy.”

  • glorkon@lemmy.world
    0·
    6 days ago

    Is it just me or is anyone else reminded of Pahpshmir out of the Naked Gun movies by this disgusting man?

  • Redditsux@lemmy.world
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    6 days ago

    Stock market doesn’t believe his truth social report it seems. Apple shares are still up mid morning.

  • GuyFawkes@midwest.socialEnglish
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    6 days ago

    Assuming we make it out of this, I’d be in favor of Chinese style justice for all of these insider trades.

    • huppakee@lemm.ee
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      6 days ago

      I think you’re confused. They make up their mind all the time, then check if everyone sold/bought stocks and than they make up their mind again. Then they check if everyone sold/bought stocks and on and on.

  • Phoenix3875@lemmy.world
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    6 days ago

    The AP source title is: Trump’s commerce secretary says new electronics tariff exemptions are temporary, chip tariffs coming

    The part that’s been denied is that the exclusion is permanent. Since Friday, electronics from China would be subject to 20% of the fentanyl tariff and nothing more. It will be this way until Trump invents another tariff just for electronics. I believe this is what most commentators expected back in Friday, but there must be talks of capitulation and Trump couldn’t stand to lose face.

    • huppakee@lemm.ee
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      6 days ago

      Crazy that someone checked the facts and shares about it and 3 hours later only has 5 upvotes including the one I just gave. Thank you. Maybe next time you should begin your comment with # HERE IS THE CONTEXT GUYS!

  • emergence_trailblazer@sh.itjust.works
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    6 days ago

    The USA is definitely a joke now. It’s just that everyone is laughing nervously. We are afraid that falling so fast from top to bottom will bring the system down.

    • Saleh@feddit.org
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      6 days ago

      Which system? The US political system? That one is damaged beyond repair and needs to be reworked completely. The global economic system? That one is also damaged beyond repair, but the rework will create a lot of instability and most likely war.

      • twice_hatch@midwest.socialEnglish
        0·
        6 days ago

        I’m worried that total economic collapse would only consolidate power and not distribute it. I’m not versed in history so I could be wrong

  • Zero22xx@lemmy.blahaj.zoneEnglish
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    6 days ago

    Lol holy shit. And a few hours later he’s going to deny that he denied the exemption and be like “what are you talking about? I said certain electronics are exempt!”

    I’m starting to think that maybe the reason Elon Musk did two blatant nazi salutes in a row was to test what they could do in front of everyone’s eyes while denying it, and to see how many people would just go “ok sure, I didn’t see what I just saw. Whatever you say, dear leader.”

    • EmptySlime@lemmy.blahaj.zoneEnglish
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      6 days ago

      I doubt Musk’s salute was that deep. He’s not some slick political operative. He’s a 4chan dipshit who thought he’d be edgy and cool and tiptoe up to the line. He thought it would be much more ambiguous what he did and he’d “own the libs” by making them look like fools to the normies who genuinely wouldn’t see it for what it actually was. He clearly was not expecting basically no one but the cultists on his side to not see what he did.

    • partial_accumen@lemmy.world
      0·
      6 days ago

      “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”

      ― George Orwell, 1984

  • whodrankarnoldpalmer@startrek.websiteEnglish
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    6 days ago

    It’s almost like your laws had a very good reason for a very long time to disallow the president the power to unilaterally impose tariffs.

    Hell, to unilaterally do MOST things.

  • Capt. Wolf@lemmy.world
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    6 days ago

    This isn’t even a subtle attempt to destabilize the world market, and yet so many people are just like

    • A_norny_mousse@feddit.org
      0·
      6 days ago

      You imply that this is done with intent?

      The first part, sure: show them the stick, then dangle the carrot. But the walkback of the excemption was intentional?

      I don’t think so. It’s all just blatant extortion attempts followed by bumbling cluelessness.

      • Capt. Wolf@lemmy.world
        0·
        6 days ago

        I think it’s time we stop assuming this is just simply stupidity. He’s an entertainer who’s made his public career by being a meme while at the same time being a conman. He’s been effectively toeing the line between joke and conman for decades and knows that if he plays dumb and schmoozes enough, he can do whatever he wants. We’re talking about a guy who successfully turned “You can do anything. Grab 'em by the pussy.” into “it’s just locker talk between guys.” a close relationship with a known human trafficker and pedofile into “he’s a terrific guy,” and proceeded to walk away from a rape case and 34 felony convictions with no penalty.

        Time and time again he’s shown exactly the kind of guy he really is, and it isn’t just a bumbling idiot. It’s a career criminal who knows exactly what he’s doing and how to be smooth enough to get away scot-free. Why would this be any different? Just because it’s on a grand scale?

        • A_norny_mousse@feddit.org
          0·
          6 days ago

          I see it more differentiated. He is not a complete idiot. He (and his team) know what they’re doing when he makes outrageous claims about Greenland, China, Panama etc. to have a better position when he offers the country “a good deal”. But when that rather predictable stratagem doesn’t go as planned, they flounder.
          We’ve seen it a few times now; at least to me there’s a clear difference between their regular “throwing shit at the wall” tactic, and something like this or Signalgate or JD’s recent visit to Greenland, when it’s just totally clear that things did not go as planned.

          There’s no 4D chess here.
          I don’t think it’s their intent to destabilize the world market (to what end?), just a simple “grab as much as possible for ourselves the USA”.

          Putin doesn’t plan so meticulously either, he just backs the guy who’s most likely to destabilize “The West” through his sheer cleptocracy and partial idiocy, if you will.

          Also I don’t think anyone’s reaction here is “surprised pikachu” - though I must admit he and his entourage still manage to out-outrage themselves every now and then. And I reserve the right to not normalize Trumplon, i.e. continue to be outraged by it.

  • sun_is_ra@sh.itjust.worksEnglish
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    6 days ago

    They walked back again today and said the exemption is for the additional 120% tariff but the 20% imposed earlier still applies

  • TransplantedSconie@lemm.ee
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    6 days ago

    And the sell off of our debt will pick up speed. These idiots are going to crash our economy and anyone left holding the bag.