cross-posted from: https://lemmy.world/post/28194139

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.”

  • N0body@lemmy.dbzer0.com
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    8 days ago

    The good thing is that there’s a steady hand on the wheel exercising unprecedented levels of power. He clearly has a plan to do things, undo them, redo them, undo them again, etc. according to a clearly defined plan.

    Imagine if the guy claiming dictatorial powers was just winging it from one moment to the next. What a nightmare scenario that would be.

  • "no" banana@lemmy.world
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    8 days ago

    Feels like the trade policy of the United States is entirely made up by four guys in a room. That’s the wrong way to do politics.

    • IninewCrow@lemmy.ca
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      8 days ago

      It isn’t the work of one man or even five or six … it’s an entire political party and all their wealthy backers and supporters who are financing this circus that are either working at this, supporting it, enabling it or just standing aside and doing nothing to stop it.

      Stop thinking that this is the work of one powerful person … it’s all enabled by an entire community of idiots that want all of this.

      • "no" banana@lemmy.world
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        8 days ago

        I didn’t say that it wasn’t. I said what it feels like. I don’t want any politics to feel that way. It should feel like there’s an entire organized plan behind it, but it feels like it’s just some people throwing shit at the wall and seeing what sticks, which in itself is pretty shit.

  • Rentlar@lemmy.ca
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    8 days ago

    At this rate, by next week Howard Lutnick will be reading Reddit’s Wallstreetbets sub for advice on how to run the economy. The utter stupidity and incompetence are off the charts this month.

    • carrion0409@lemm.ee
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      8 days ago

      There’s been rumblings of an impeachment attempt possibly happening because of these tariffs but I don’t trust the rumors. If Trump actually manages to get impeached over this or something else then I will eat my shoes. Feel free to screen shot to hold me accountable.

      • trogon@lemmy.world
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        8 days ago

        The GOP will never vote to impeach him. They’re cowards who are terrified of MAGAts.

        • carrion0409@lemm.ee
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          8 days ago

          Yeah that’s why I dont trust it. Our realistic best bet at getting rid of him would be when he collapses the economy and chaos erupts. Hopefully whoever our FDR 2 ends up being (if we get one ) could rally the troops and we could have a disturbed land of confusion moment lol. That song and video has been in my head alot lately.

  • Kazumara@discuss.tchncs.de
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    8 days ago

    Once again there are choosing the course of action that sabotages their power the most.

    If they want to move investors, they have to change the rules once in a consistent way that looks stable, and convince them that an investment will have time to pay off in the new environment. By changing the environment constantly and in contradictory ways they make that impossible.

  • Phoenixz@lemmy.ca
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    8 days ago

    Yeah.thisnisnboth incompetence and public Insider trading. They’re not even trying to hide it

  • kubica@fedia.io
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    8 days ago

    Apparently they are using the unplug “technique” that musk used at twitter.

  • ikidd@lemmy.world
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    8 days ago

    I bet all those manufacturers that decided in the 3 days that the tariffs were active on electronics to move all their operations and build new factories to America are happy that their decision was the right one after all.

    The rules will surely not be changed again.

    • thanks AV@lemmy.world
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      8 days ago

      Apple supposedly flew 500 tons of new phones from China to import them before the tariffs came in last tuesday lol

      I honestly can’t get enough of it. All these shitty business owners are finally getting fucked over by their special baby and he’s breaking their backs lmaoo

      we’ll beat the tariffs, I’ll bring my inventory over before they go into effect

      spends exorbitant fees filling planes full of phones

      tariffs are suspended

      (ノ゜ο゜)ノ

      tariffs are suspended

      • ploot@lemmy.blahaj.zoneOP
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        8 days ago

        Tariffs came in last Tuesday, were removed on Friday, came back on Sunday. I expect Tim Apple is loving the daily surprises.