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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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[-] Rooskie91@discuss.online 67 points 1 day 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.

[-] obviouspornalt@lemmynsfw.com 29 points 1 day ago

My belief is that inflation benefits trump personally since it devalues the mortgage debt on his real estate holdings, while increasing the nominal value of those properties.

[-] masterofn001@lemmy.ca 16 points 1 day ago* (last edited 1 day ago)

It's all about that sweet sweet crypto.

And bankrupting the US.

The guy that put Vance in the white house, musks buddy, PayPal mafia alumn, dark-right libertarian tech bro, Peter Thiel, is betting on btc hitting 4 million (but the dollar needs to collapse - as planned)

Lots of movement from red states and R Congress critter toward btc these days, too. Surely coincidental.

I posted a lot of links to his own words, goals, and plans, and to reports about his doings.

https://lemmy.ca/comment/13364820

He's probably the most powerful person most people have never heard of.

Oh, and another thing people don't like to hear: the bilderberg are real, and he's one of the guys who does the invitations and decides which topics are discussed.

https://www.bilderbergmeetings.org/background/steering-committee/steering-committee

https://en.wikipedia.org/wiki/Category:Members_of_the_Steering_Committee_of_the_Bilderberg_Group

https://www.inverse.com/article/25317-peter-thiel-bilderberg-group-donald-trump-new-world-order-conspiracy

[-] GhiLA@sh.itjust.works 3 points 17 hours ago* (last edited 17 hours ago)

buys $20 BTC

Well, if it ain't getting any better... Don't hate the player, hate the game.

[-] masterofn001@lemmy.ca 2 points 17 hours ago

I've hedged some of my bets on evil.

A matter of survival if worse comes to worse comes to Armageddon.

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[-] Maggoty@lemmy.world 62 points 1 day ago* (last edited 1 day ago)

Didn't he literally campaign on these tariffs?

Where were these titans of industry in October?

Link

Yup. This is not a new thing. If these guys had lined up to say this at a microphone during the campaign it could have had an impact. But no, they thought they could just control him after the fact. After having seen how uncontrollable he was during his first term. This is what happens when you equate wealth with intelligence. You get dumbasses who think they're playing 5d chess.

[-] FlyingSquid@lemmy.world 6 points 23 hours ago

They thought they could control the guy who stared at the sun during an eclipse after he was told if he did, he might go blind.

You can't control Caligula.

[-] Nougat@fedia.io 68 points 1 day ago

Maybe your dumb asses should have been railing against this a long fucking time ago.

[-] Cruxifux@feddit.nl 2 points 15 hours ago

Right? I realized 20 years ago that trying to vote your way out of a system that’s democracy and media was controlled by the elites was a crock of shit.

[-] WoodScientist@lemmy.world 63 points 1 day ago

The German corporate elite thought they could control the last guy as well...

[-] fluxion@lemmy.world 46 points 1 day ago

You let the fox in the henhouse. Why would he listen? He's not planning to win over hearts and minds

[-] rc__buggy@sh.itjust.works 38 points 1 day ago

Well shit. I hoped it was just bluster, but if he's serious it makes a lot of sense.

The 0.1% gain wealth whenever economies crash. He is obviously going to try to crash the world economy so fat cats can buy assets for pennies on the dollar, including entire developing nations. Then the fed prints a gazillion dollars and bails it all out.

Greedy pigs get fatter, the rest of us get leaner.

[-] Kichae@lemmy.ca 27 points 1 day ago

I hoped it was just bluster

You understand he was president before, right? And that he did this before? Like, he's a totally known quantity, and he's going back to where he was in 2019.

[-] Quill7513@slrpnk.net 25 points 1 day ago

this dude killed 300,000 americans and people are somehow surprised that he's unbothered by the prospect of killing untold vast swaths of people now that it's been demonstrated that he will never be held accountable for his actions

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[-] Maggoty@lemmy.world 12 points 1 day ago* (last edited 1 day ago)

Nobody in the US is going to be making money when everyone else calls Trump's bluff and slaps a 200 percent exit tariff on goods to the US.

So a 1,000 dollar item will be 3,000 dollars when it hits US Customs and jump to 6,000 there because of Trump's import tariffs. They can support that all day long because they just hand the money straight back to their domestic company. As far as they're concerned they made a 3,000 dollar sale.

You might think we could just do without and use domestic manufacturing. But not only have we fucked domestic manufacturing in so many ways, this will apply to our food imports as well. So it's not like we can just refuse to pay.

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[-] andallthat@lemmy.world 3 points 20 hours ago

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

[-] Quexotic@infosec.pub 10 points 1 day ago

A wave? Out at sea? Chance in a million!

  • the front fell off
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[-] Quexotic@infosec.pub 10 points 1 day ago

Had to check whether this was posted in leopards ate my face or not. Lol

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

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