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.”
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.
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.
Yes I was thinking about the global economic system. And like you pointed out, I’m worried that the rework (on top of being ugly) might end up in a worse situation (in terms of inequality, freedom etc…)
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