435
submitted 17 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.

(page 2) 50 comments
sorted by: hot top controversial new old
[-] rumba@lemmy.zip 9 points 5 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 10 points 5 hours ago

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

load more comments (3 replies)
[-] rayyy@lemmy.world 35 points 7 hours ago

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

[-] ChaoticEntropy@feddit.uk 12 points 6 hours ago

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

[-] Corkyskog@sh.itjust.works 5 points 6 hours ago

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

load more comments (1 replies)
[-] Kongar@lemmy.dbzer0.com 10 points 6 hours ago

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

[-] Bosht@lemmy.world 9 points 6 hours ago

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

[-] FlyingSquid@lemmy.world 47 points 9 hours ago

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

[-] Diplomjodler3@lemmy.world 33 points 9 hours ago

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

load more comments (2 replies)
[-] MrScottyTay@sh.itjust.works 53 points 11 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 8 points 6 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 15 points 6 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 5 points 7 hours ago

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

[-] Sasha@lemmy.blahaj.zone 23 points 10 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.

[-] andallthat@lemmy.world 3 points 6 hours ago

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

[-] RagingRobot@lemmy.world 39 points 13 hours ago* (last edited 13 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

[-] MapleEngineer@lemmy.world 6 points 7 hours ago
[-] Saleh@feddit.org 7 points 6 hours ago

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

[-] MapleEngineer@lemmy.world 4 points 5 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?

load more comments (2 replies)
[-] WhatsHerBucket@lemmy.world 317 points 17 hours ago

How the actual fuck are people “blindsided” by this?

[-] tburkhol@lemmy.world 12 points 6 hours ago

Remember that Trump lies about everything, often in both directions. Everyone knows this, including his supporters. That gives his supporters the mental freedom to make up whateverthefuck policy positions they like and find proof that they are Trump's real plan.

Donald Trump is the human version of a Bible. If you're a Believer, god says he will implement your Desire. If you're a Heretic, god says he will destroy the world. All with the same words.

[-] tired_n_bored@lemmy.world 4 points 6 hours ago

But... But... Genderless bathrooms! /s

[-] atzanteol@sh.itjust.works 101 points 14 hours ago

You ever talk to c-level execs? Many of them simply aren't smart. They're just very aggressive and confident which gives the appearance of intelligence.

[-] psycho_driver@lemmy.world 31 points 9 hours ago

A lot of times attractiveness plays a big role too. In modern corporate america being attractive will get you further than being smart.

[-] Aceticon@lemmy.dbzer0.com 23 points 6 hours ago

Studies have shown that something as simple as being tall makes people be more likely to be looked towards as leaders.

load more comments (1 replies)
[-] Chozo@fedia.io 158 points 17 hours ago

Maybe the leopards started with the eyes.

[-] can@sh.itjust.works 65 points 16 hours ago

CEOs aren't the brightest.

load more comments (3 replies)
[-] RememberTheApollo_@lemmy.world 111 points 15 hours ago

They thought they’d vote anti-tax first, then pushover trump on the tariffs when they had the time. Looks like they were wrong.

More faces being eaten.

[-] Enkers@sh.itjust.works 24 points 12 hours ago

The one singular upside of Cheeto 2.0 is that I'll get to enjoy some guilty schadenfreude as the face eating leopard starts eating the faces of the party-for-face-eating-leopards.

[-] ThePowerOfGeek@lemmy.world 51 points 15 hours ago* (last edited 15 hours ago)

If this was his first go-around I could see some rationale to that idea. But holy shit, has there been a case of collective amnesia among business 'leaders'?!!

They knew exactly what they were getting. Because we've seen all this before. Usually this is the definition of madness. But in this case it should be the definition of stupidity.

This same surprised Pikachu shit is going to happen over and over and over again over the next 4+ years. Even right now, the media keep assuming what he says is what he will do. And I have no idea why. He demonstrated in his first term that at least half of what he promises he either backtracks on he doesn't follow through on. Why they think things will be different this time is beyond me.

load more comments (1 replies)
[-] Maiq@lemy.lol 164 points 17 hours ago

He's a Russian asset, what do they think he is going to do anything that's in the US's best interest? He's here to burn it to the ground and line his pockets with what's not ashes.

Honestly at this point I don't know how anyone can't see the obvious.

load more comments (18 replies)
[-] Shirasho@lemmings.world 67 points 16 hours ago

This guy has tanked all of his previous enterprises due to his poor decision making and lack of knowledge. What in their right minds made them think this would be any different?

[-] Rooskie91@discuss.online 62 points 16 hours ago

Anyone else feel like the goal IS inflation?? I feel like they're trying to contrstruct a Weimar Republic situation with this to push people further right. I hope I'm wrong, but this feels like they're really trying to come up with an excuse to kill a lot of people.

load more comments (4 replies)
load more comments
view more: ‹ prev next ›
this post was submitted on 16 Dec 2024
435 points (98.2% liked)

News

23575 readers
3305 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS