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.”

  • DaddleDew@lemmy.world
    link
    fedilink
    arrow-up
    35
    ·
    2 days ago

    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.

    • MelonYellow@lemmy.ca
      link
      fedilink
      English
      arrow-up
      4
      ·
      2 days ago

      IMO he probably knows he’s gonna die soon, so this 2nd term is all about locking up money for his kids.

      • Corkyskog@sh.itjust.works
        link
        fedilink
        arrow-up
        5
        ·
        2 days ago

        😂 Thats actually hilarious, if the kids are getting rich it’s a by product. Trump has never cared about anyone but himself.

        • MelonYellow@lemmy.ca
          link
          fedilink
          English
          arrow-up
          2
          ·
          1 day ago

          It is kind of hilarious lol I just figure what’s the point of accumulating all this wealth