Summary
Trump administration officials warned Sunday that markets should not expect relief from upcoming tariffs, despite a $6 trillion stock market drop late last week.
Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent affirmed the tariffs would take effect Wednesday, with no negotiations planned.
Officials dismissed concerns over market volatility, insisting the policy aims to benefit American workers.
Economists warn the tariffs could trigger inflation, slower growth, and recession.
He’s already made statements asking the Fed to lower rates (not that that’s the correct fix). As usual all signals are crossed, no one really knows yet… including the people who are supposed to be in charge. These sort of statements we can ignore until there’s some substance beyond just “administration says”.
How would you even rescue at this point? Just undoing the tariffs doesn’t fix the damage done. Countries are going to retract from US business even if there’s a reset. Bailout? This is far bigger than saving the banking industry.
Money printer go brrrrrrr
Money printer needs more cyan
Where do we get more cyan? China? Oh no…
If this was the 1950s, I’d agree with you. But since this is 2025, they just enter some more zeros on an Excel spreadsheet.
That’s kind of good news, that means they’re thinking about a rescue. The whole administration can be described as George Castanza.
Perfect timing for boomer retirement haha
