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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.”
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Walking-back the walk-back? They’re doing a whole 1-2 shuffle!
There was a time when Republicans hated flip-flopping
They turned 360
I’m not surprised that this is how the second Trump administration has started. This level of stupidity is exactly what I was expecting. What does surprise me, though, is that many tens of millions of people voted for this. Honestly, it’s shaken my commitment to democracy. Maybe the people shouldn’t be making important decisions.
How about education should never be touched when it comes to budgets?
I think that’s a good idea, but, unfortunately, if put to a vote, I’m confident the American people would vote against it.
People are fucking stupid
How about education should never be touched when it comes to budgets?
Stupidity ≠ ignorance
They may not be the same, but they sure are closely connected.
I don’t think that what K-to-12 schools are capable of teaching even in the best-case scenario can be sufficient to equip the average person with the knowledge and critical thinking skills necessary to, for example, evaluate complex economic policy on its merits. I have a STEM PhD but it isn’t in economics and I don’t think I can evaluate economic policy well - I go with the consensus of economists, but that’s easy for me because I think their best interests and mine are aligned. (I want to see the stock market go up.) I’m not sure what a person whose interests are not aligned with the economists’ is supposed to do… Listen to ignorant demagogues who promise everything, apparently.
No
takedecrease onlythrowincrease
…stupidity? 🤦♂️🤦♂️🤦♂️
They’re intentionally crashing the economy so they and all their billionaire buddies can buy everything up for cheap. Everything is going literally exactly as planned.
I was one to agree with you for a time, but at this point I’m not even sure what the plan could actually be, US treasury bonds are taking a big hit because of this shit and the global economic order is shifting to exclude the US and could even endanger the dollar as the world reserve currency. That’s a change so seismic no one could even predict what it would mean for anyone. If that’s his intention then whoever came up with the plan is stupid beyond all imagining
I won’t go russian to judgement or putin the blame on anyone, but some people that love to sow chaos and take down the US do come to mind.
If that’s his intention then whoever came up with the plan is stupid beyond all imagining
Ding ding ding!
Their plan literally involves devaluing the dollar. They don’t want the dollar as the global reserve currency. They have no idea how it’ll all actually shake out but they’re confident that they’ll end up proportionately richer than everyone else. Sure the absolute amount of their wealth might decrease, but the real amount relative to the “serfs” will skyrocket.
They basically want their own little technofeudalist fiefdoms where everyone unfortunate enough to live in them is basically their property.
I think that’s it, and they victimize LGBTQ+ people and immigrants because their supporters love it and it buys them time to implement their kleptocracy. Some of the Trump people are true-believer Nazis, but some of them are just greedy assholes who will throw anyone under the bus for their own gain.
this “plan” assumes recovery
Before the election, I saw a house flying a big flag with the words “Elect Trump King of the United States”. So, uh, maybe monarchy would turn out to be even worse…
With that said, I understand how you feel. I don’t know how democracy can work in a post-truth era.
Y’know, if America had a constitutional monarchy, it might actually work out just fine. Let Trump be the king, so he can rant, do ceremonial stuff, be in the news all the time, have his fans, cause controversies, &c.… meanwhile the real elected government would be quietly busy attending to the people’s business.
The US was never a democracy to begin with. It was a government designed to benefit one very particular small but powerful minority.
It’s just that now it’s come out of the closet.
It’s strange that it would happen now, at a point when literally every job can be automated(or will be automatable within the next 5-10 years).
Well, cutting all the education budget and expecting a good rational voting from a bunch of uneducated people is a lunacy.
Also, it is well known that democracy is not optimal, but we don’t have anything better.
Democracy is the power of the majority. Now think of how stupid the avarage person is and realize half of them is stupider than that.
What surprises me is that tens of millions still think he’s doing the right thing even as he makes the country look like fools.
💯 this is a if not THE shining example of why certain people should simply not be allowed to vote. It’s like the poster child for why we SHOULD have the Electoral College, but with electors who put country over party.
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.
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!deleted by creator
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.
Its a concept of a plan.
You know, this may really piss off some folks who got an early notification that there would be an exemption for electronics. You know, his insider trading buddies. It will be interesting to see who gets the angriest about this last minute change.
On April 11, 2025, traders placed large, targeted call option bets on Apple. That evening, the Trump administration quietly exempted smartphones from tariffs, news not publicized until April 12. These trades weren’t speculation - they were placed before the memo was released.
That’s an issue that can come up, when your inside guy for market manipulation with all the power necessary for the scheme is also an impulsive narcissist, who never was that bright to begin with, but is also clearly losing some mental faculties due to age, too.
Lmao. Bet there are some angry Tech-bros calling.
May they lose their shirts.
Grift. It’s all scam, all the time.
Stock market futures be like 📉📈📉📈📉📈📉📈📉
Every movement of the stocks can be used to make money if you know it’s coming. These guys are making hand over fist with insider trading fraud.
IMO he probably knows he’s gonna die soon, so this 2nd term is all about locking up money for his kids.
😂 Thats actually hilarious, if the kids are getting rich it’s a by product. Trump has never cared about anyone but himself.
It is kind of hilarious lol I just figure what’s the point of accumulating all this wealth
An insider trader’s delight.
⬆️⬇️⤴️⤵️♾️🌀🌀🌀💫😵💫💫
MAKE UP YOUR MIND!!!
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.
This isn’t even a subtle attempt to destabilize the world market, and yet so many people are just like
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.
Is it just me or is anyone else reminded of Pahpshmir out of the Naked Gun movies by this disgusting man?
What the fuck is actually going on here!? Whether they want Americans to pay more because of tariffs or not, how can they not make up their minds?? Decide yes/no, but this constant flip-flipping is also harming the country…
Crash the market, buy low.
These last weeks have been inside trading shitshow.I work for a company that imports all sorts of components for pretty much all of our products and the flip flopping has basically completely grinded everything to a halt because no one can figure out what the hell is going on at any given time. It has been a complete shit show lol
Assuming we make it out of this, I’d be in favor of Chinese style justice for all of these insider trades.
Government management positions for them and their family?
I was thinking of how they handle the folks they don’t like. It’s swift, decisive, and irreversible.
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.
They have to be doing it deliberately. The aim is to destroy the USA.
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.”
“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”
― George Orwell, 1984
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.
The evil behind trump is thiel and putin
Stock market doesn’t believe his truth social report it seems. Apple shares are still up mid morning.
