448
submitted 18 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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[-] PedroMaldonado@lemmy.world 1 points 4 minutes ago

NOW who's fucking with the money?

[-] Furbag@lemmy.world 2 points 11 minutes ago

I hope he ruins all of them. Every last one.

You had four whole years of Trump to realize he never jokes around, he doesn't bluff, and he's never going to pivot, change directions, or admit he made a mistake. He means what he says and there is no nuance or subtext.

[-] samus12345@lemm.ee 14 points 1 hour ago

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

He said he was going to do this long ago, dipshits. "Seriously, but not literally?"

[-] 8000gnat@reddthat.com 2 points 12 minutes ago

I'm always scratching my head while also panicking

[-] shasta@lemm.ee 16 points 1 hour ago

unilateral

authoritarian*

FTFY

[-] john89@lemmy.ca 19 points 2 hours ago

Just increase taxes on the wealthy...

All tariffs will do is put the additional costs onto the working class.

[-] dan@upvote.au 3 points 34 minutes ago

I'd be happy paying higher taxes if they went towards things that benefit the community, like universal health care, improving quality of public education, etc.

[-] chiliedogg@lemmy.world 11 points 1 hour ago

Working as intended.

[-] Saledovil@sh.itjust.works 5 points 2 hours ago

You've got my vote. (I'm not actually allowed to vote in the US election)

[-] yarr@feddit.nl 29 points 3 hours 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.

[-] CileTheSane@lemmy.ca 8 points 2 hours ago* (last edited 2 hours ago)

"we thought we could control the face eating leopard."

[-] samus12345@lemm.ee 2 points 1 hour ago

Trump doesn't look at data. Ever.

[-] yarr@feddit.nl 2 points 19 minutes ago

Doesn't surprise me, but I guess I'm not a US CEO.

[-] Joeffect@lemmy.world 2 points 1 hour ago

I'm not even sure he can read

[-] enbyecho@lemmy.world 3 points 1 hour ago

It's a bullying tactic straight out of elementary school. Trump knows they will suck up to him and shower him with donations and more importantly fan his ego. He doesn't give a crap about what happens because of the tariffs (obviously) since he can just blame other people.

[-] GhiLA@sh.itjust.works 16 points 4 hours ago
[-] Wogi@lemmy.world 15 points 3 hours 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

[-] GhiLA@sh.itjust.works 1 points 26 minutes ago

Good to see nothing has changed in 40 years.

[-] chiliedogg@lemmy.world 4 points 1 hour ago

They get to buy the dip.

[-] CileTheSane@lemmy.ca 4 points 2 hours ago

I'm just going to point out that the working class had the chance to vote against this and didn't.

The average age of an empire is 250 years, the US is 249 years old. The only solution to this might require a "significant restructuring"....

[-] Wogi@lemmy.world -4 points 1 hour ago

No they didn't.

The working class had the option to vote for keeping things the way they are, or dramatic change and hope for the best.

They voted for dramatic change, because the way things are isn't working.

Most people are politically tuned out, and just want to pay their bills and have some fun on the weekend. They see bills are getting harder to pay and what they can do on the weekend is getting more expensive. Like it or not, the Republicans did a good job spreading the message that a vote for them will make things cheaper somehow.

We know it isn't true, but we're both chronically online, somewhat informed, and statistically are likely to have an above average intelligence. We do not form a good cross section of the voting public. We voted against the tyrant.

But we're also both smart enough to know that we weren't voting for somebody that would actually fix any of those problems. We were voting against a dollar store tyrant and hoping for the best.

And, even if everything I said is wrong, nearly half of the working class did vote against it.

Hoping that everybody suffers because of the ignorant, short sighted decision of half of them is fucked up my guy.

[-] jaggedrobotpubes@lemmy.world 6 points 1 hour ago

Voting for dramatic change has a positive ring to it, which makes some implications falsehoods.

Voting for dramatic change that we have been plainly shown and openly promised will take everything that's bad about the system and make it dramatically worse, now that's something that's idiotic, and that's what happened.

[-] CileTheSane@lemmy.ca 2 points 44 minutes ago

No they didn't.

Yes, they did, Trump was clear about his plan for tariffs. Being completely fucking ignorant about your country's political situation does not mean the information was not available or that the option to vote against it didn't exist.

nearly half of the working class did vote against it.

Less than a third voted against him. A third voted in favour of this shit, and the last third didn't bother to show up.

Hoping that everybody suffers because of the ignorant, short sighted decision of half of them is fucked up my guy.

I'm not hoping people suffer, but when 66% of the population either supported this or was indifferent to it I am not going to be emotionally invested when it comes to the consequences of their actions.

I am one person, 77 million people said they wanted this, and another 90 million said "this is fine". Who am I to argue with them? Let them have what they wanted.

[-] Absaroka@lemmy.world 51 points 6 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.

[-] jaggedrobotpubes@lemmy.world 2 points 45 minutes ago

This is the whole issue. Republicans, a cult, can only exist in pretend political party form because they have convinced their base that literally--literally--anything that has a big ol REPUBLICAN label slapped on it is the highest moral good.

They see children getting murdered in cold blood in schools and take the side of the guns. I should probably repeat that four or five times with varying emphasis.

Trump could bomb an orphanage, brag about it, and within a week Fox Lies & Propaganda would be running stories about how the orphanage made a mistake on its taxes that was falsely flagged as fraud, and how orphans might become criminals.

It won't undo the current disaster, but the real path back is probably more like talking to one person who's trumpy but still somehow you kind of like anyway, with a tone of...come on now. Are we serious with this? You see this for what it is, right? You gotta put a stop to this, it can't go on. Or just plain old Lakoff advice about getting your racist grandpa to tell you a story at thanksgiving of a time he helped somebody. This is one step in restoring his brain to its unpoisoned-by-conservatism state.

You gotta attack the foundation of fascism and conservatism, which science seems to think you do with empathy.

[-] bitjunkie@lemmy.world 7 points 1 hour ago

His entire first administration was a series of such fuckups. I am not hopeful that consequences (for him) are ever coming.

[-] Brown5500@sh.itjust.works 21 points 3 hours ago

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

[-] Snapz@lemmy.world 10 points 3 hours ago

South Korea wasn't in a cult for that leader AND what he asked for was essentially what... Something that equated to the build up to January 6th, without even a January 6th style failed coup attempt to show for it.

No, they did what we should have. We failed.

[-] seejur@lemmy.world 6 points 2 hours ago

South Korea values education. The Republican party has been destroying the public education system for decades.

So south Korea does not have as many braindead people as we have here

[-] limelight79@lemm.ee 40 points 5 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.

[-] Klear@lemmy.world 6 points 2 hours ago

Yeah, but the alternative was voting for a woman, so...

[-] prof_wafflez@lemmy.world 3 points 2 hours ago

A half black, half Indian woman, though!

It's going to take something monumental for the US to ever change- and even then I doubt it will. People seem 100% stupider than 15 years ago and some study just showed adult intelligence has dropped in multiple areas. I wonder if people infected with COVID literally got stupider on top of all the lead poisoning from pre-90's.

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[-] werefreeatlast@lemmy.world 22 points 5 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.

[-] dan@upvote.au 1 points 32 minutes ago

So what you're saying is that World War 3 is necessary to save the USA.

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this post was submitted on 16 Dec 2024
448 points (98.3% liked)

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