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.
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“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.”
…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.
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