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submitted 15 hours ago by MicroWave@lemmy.world to c/news@lemmy.world

Summary

U.S. CEOs and business executives are alarmed as Donald Trump remains firm on imposing high tariffs on U.S. allies, despite warnings from economists about potential economic harm.

According to the Wall Street Journal, Trump’s late-night social media announcements have blindsided both his advisers and business leaders, leaving them scrambling to react.

While Trump consults some advisers, like Marco Rubio and Treasury pick Scott Bessent, his unilateral approach limits their influence.

The uncertainty has left business leaders struggling to find ways to alter his stance on trade policies.

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[-] yarr@feddit.nl 2 points 28 minutes ago

Wait, what CEO is surprised that Trump won't look at data and make decisions on that? Anyone this foolish should have their stock shorted.

[-] GhiLA@sh.itjust.works 7 points 1 hour ago
[-] Wogi@lemmy.world 1 points 1 minute ago

I'm just going to point out that the ultimate victims of this idiocy are the working class.

The wealthy will still be wealthy regardless

[-] Absaroka@lemmy.world 38 points 3 hours ago

Might be a bit of a contrarian take, but at this point I think Trump needs to have a gigantic fuck up to drive people to the streets in anger, South Korea style. One of those 'we need our medicine before we can get better' moments.

For some reason tens of millions of people buy his "'I'm the greatest - only I can save you - they're evil and stupid" rhetoric.

So it's going to take a truly epic fuck up that he can't bullshit his way out of - and that the media can't ignore - for people to finally see that him and his cronies are all gigantic pieces of shit.

[-] Brown5500@sh.itjust.works 2 points 5 minutes ago

January 6th has entered the chat...and quietly left unnoticed.

[-] limelight79@lemm.ee 25 points 2 hours ago

He did have a gigantic fuck up. He fucked up the response to covid-19. Badly. And how much did his fuck up make the situation worse in the rest of the world?

74 million people still voted for him in 2020. During and immediately AFTER that fuck up.

[-] ipkpjersi@lemmy.ml 12 points 2 hours ago

I don't think that's possible, unfortunately. I'm pretty sure he knows he can get away with anything, and his stupid fans will still gladly follow him. He will put the blame on someone else, every time, and they will believe him, every time.

[-] Dkarma@lemmy.world 2 points 2 hours ago

If this could have happened it would have happened during covid

[-] werefreeatlast@lemmy.world 11 points 2 hours ago

After the great depression, tariffs were implemented and failed to do anything other than fuck over the American people.

The event that finally ended the Great Depression was the United States' entry into World War II, which significantly boosted the economy through increased demand for war materials and created millions of jobs in defense industries. While President Roosevelt's "New Deal" programs aimed to alleviate the Depression, they did not fully end it. The massive production needs of World War II essentially pulled the US out of the Depression. The government spending on war materials created a significant economic stimulus.

[-] rumba@lemmy.zip 6 points 2 hours ago

Let's see, he could not impose tarrifs and make everyone happy that he's not going to burn down the economy OR he could impose tariffs, shut down taxes on the ultra-wealthy and embezzel/stock trade his ass back to billionaire with cash on hand.

he DGAF what anyone wants unless they're going to make him significantly richer.

[-] jimrob4@midwest.social 5 points 2 hours ago

Man... Side with Trump, side with CEOs. This is one of those "Can't both teams lose" situations. Ha

[-] Kongar@lemmy.dbzer0.com 7 points 3 hours ago

Oh no! The leopards are eating faces! Who could have foreseen this?

[-] rayyy@lemmy.world 26 points 5 hours ago

All part of Putin's plan. He probably gave him the advice on tariffs.

[-] ChaoticEntropy@feddit.uk 9 points 3 hours ago

"If you burn America to the ground, I will let you rule this ashes."

[-] Corkyskog@sh.itjust.works 5 points 4 hours ago

I wonder if in a Freudian slip the translator said "Self Sanctions" when discussing tariffs

[-] Bosht@lemmy.world 7 points 4 hours ago

Either Putin paid him more than the Corpos, or he owes Putin too much to turn around on it.

[-] FlyingSquid@lemmy.world 41 points 7 hours ago

Did you only now notice that he only cares about himself?

[-] Diplomjodler3@lemmy.world 28 points 6 hours ago

And he's mind-bogglingly stupid on top of that.

[-] Hobbes_Dent@lemmy.world 1 points 39 minutes ago

Americas leader and figurehead.

[-] andallthat@lemmy.world 3 points 3 hours ago

Trump ignores a lot of things. The Country's bigliest ignorant.

[-] Sasha@lemmy.blahaj.zone 21 points 7 hours ago

I'm going to laugh so hard if Trump has an "apparent suicide" and at least one cop says it's not suspicious, if they can do it to whistleblowers who risk their profits, surely this qualifies?

Not saying it's likely, just that I absolutely will laugh, probably for days.

[-] MrScottyTay@sh.itjust.works 46 points 9 hours ago

Looks like Americans are about to go through their version of brexit. Good luck, it's going to be rough.

[-] Saleh@feddit.org 6 points 3 hours ago

Those are nothing alike. The UK has become an empty shell of its former empire. It lacks the access to resources for a closed economy and the military strength to steal them elsewhere.

For the US it is possible to return to a closed economy. The way Trump would do it is stupid and it would fuck over most Americans, but the end goal of a closed economy is viable in principal. For the UK it was impossible to achieve anything out of Brexit.

[-] leraje@lemmy.blahaj.zone 10 points 3 hours ago

The only way the US could return to a viable closed economy is if the world jumped into a time machine and went back to the 80s.

Over here in the UK, whilst Brexit is an absolute clusterfuck and was always going to be, it was never the plan of even the most Faragian of people to enact a closed economy.

I don't think any Westernised economy could successfully run a completely enclosed economy anymore.

[-] Trashcan@lemmy.world 4 points 4 hours ago

That would be glorious! But I'm seriously scared for Ukraine and Europe while Amexit happens...!

[-] RagingRobot@lemmy.world 36 points 10 hours ago* (last edited 10 hours ago)

He has already shown them what he wants them to do.

Just donate $1 million to him and he will help your business

Donate enough and you get a cabinet position.

Donate even more and he'll create new fake departments for you.

[-] MapleEngineer@lemmy.world 5 points 4 hours ago
[-] Saleh@feddit.org 7 points 3 hours ago

See? The poor billionaires suffer inflation just like everyone else. /s

[-] MapleEngineer@lemmy.world 4 points 3 hours ago

I was wondering this morning as I was scrambling my eggs just how many of the grossly unqualified billionaires that Trump is trying to nominate to cabinet positions paid for those positions?

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this post was submitted on 16 Dec 2024
375 points (98.2% liked)

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