5mo ago

Trump faces backlash from business as tariffs ignite inflation fears

www.ft.com

Summary

Trump’s new tariffs on Canada, Mexico, and China sparked backlash from business groups, economists, and some Republicans, who warn of rising prices and economic disruption.

The tariffs—25% on Canadian and Mexican imports and 10% on Chinese goods—prompted retaliatory measures from Canada and Mexico.

Critics, including the US Chamber of Commerce, call them a tax on American consumers. Economists estimate a $200 billion hit to the US economy, with inflation rising.

Trump defended the move, even suggesting Canada should become the US’s “51st state.”

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5mo ago

Trump faces backlash from business as tariffs ignite inflation fears

www.ft.com /content/3cc26cc1-57e7-44d0-8c09-6c5dec30cc75

62 comments

- It’s only stupid if one wishes to see the US prosper. Clearly that’s not the plan they are operating from.
  
  Dude, this is what's driving me crazy. He. Does. Not. Care. Putin, China, and Co. all want NATO weakened. And a crippled US that has pissed off all its allies means a severely weakened NATO. It is abundantly clear from allllll the evidence presented over the last 15+ years that Trump is a fucking foreign asset. And the administration that's bolstering him up this time around are a combination of foreign assets and religious fanatics that are too caught up in their own cult to realize they're being used to destroy the US, rather than rebuild it in some glorious Christofascist New Gilead wonderland that they envision.
  It's so disgustingly obvious, especially the insanity that Elon Fuckrat is pulling. And if you go in any conservative forum, they're just full steam ahead with the final downfall of US democracy, accusing all liberals of being melodramatic and cultivating conspiracy theories. They actually condone Elon forcing his way into government agencies and hooking up illegal servers to hijack the Federal Government's primary payment distribution system, which in turn gives him the ability to stop payments on virtually everything the government pays for. He can literally cease all payments, including paying interest on our national debt, which could cripple the entire global economy due to the USD being the primary trade currency.
  Fuck, man. I've been spiraling all week, it's brutal to experience totalitarianism happening in real-time and seeing only a fraction of the population give a shit.
- Almost as if the foreign country that helped him win both times has an interest in a weak US economy.
- It's not stupid if a single EU country signs an agreement with the US. Giorgia Meloni was the only EU premier at Mar-a-Lago.
- But if you peek into a certain sub, they are are celebrating and fascinated by all the "winning" that is occurring
  
  Mind giving us a hint? I love a good circlejerk.
man, if only we didn't elect this guy and instead elected the better alternative that was available at the time.
- But genocide Joe!
  Weird. I could feel my brain starting to unwrinkle after typing that.
- Yeah but she was a "female". Ew, cooties. And Joe Rogan the alpha instructed all of his alpha followers to vote Trump, so they did the alpha thing and obeyed him without making their own informed decisions. And did I mention she's a feemale? I ain't gonna vote for no woke DEI feminist illuminati agenda.
  (/s just in case)
  
  Not just feeemale, but minority biracial childless cat lady feeemale
- I was told by so many people she would have been just as bad because something something capitalism neoliberal status quo centrists.
- If the other option was such a wildly better one, she would have a) done better in the primary and b) not discouraged her own party from turning out
They had known before the election what he was planning. So how come they are complaining now instead of preventing him before?
- They want everything else he is cooking, they think they can control him in this one issue.
- It's because Trump is so out of pocket on any given day that he has interpreters.
  When he says "maybe if we put the sunlight inside the body it could kill the virus, we should look into that" they explained it as "well actually there was an idea of using uv light to clean the blood, so it's not as crazy as it sounds ~~even though there's no substance to it medically~~". And there's not just one interpreter, there's different messages for different audiences
  So when he said "were going to put tarrifs on our largest trading partners" the message to people who understood tarrifs was "this is an intimation tactic to get better trade deals, he's not going to actually do it"
  
  Still, it was said as it was said. And whatever he said has to be taken as the least worse interpretation - it usually ended up worse in his first presidency.
  There is no excuse.
Lmao
The fuck did they think was going to happen?
- Collapse the country so he and his buddies can make a killing, no doubt.
  
  They would make more money by operating as normal. Collapsing the stock market is going to make it worse for them.
- This is the result of a mind that has been fed the myth of "American Exceptionalism" since day one and has never had to suffer the consequences of his actions.
  
  Eh, didn't he piss off American banks so bad he went to Russia for continued financing for his ~~business deals~~ uninterrupted largesse?
  Besides, his father was first generation citizen, his mother was an immigrant. So, no, that's got nothing to do with his motivation here. It fits, however, with getting his ~~loyal supporters~~ dupes to keep supporting him.
In the end, corporations that suck Trump's dick will get exemptions, those who don't won't. It'll increase wealth disparity and crush small business / competition.
The suffering is the point.
- And yet my uncle, who started at the very bottom of a family run small business and is now near the top, outright said the orange turd is good for small business.
  Of course, the dude is at retirement age, and works "part time" with a company truck making his full 6-figure salary while recently signing up for Medicare part B to pay for a knee operation.
"backlash"
The point is to crash the economy.
Things will not get better until this economy is buried 6 feet under. Letting it ride out like the previous admin did won’t fix anything.
I was going to say to have your cake and eat it, but with the price of eggs over there I'm not really sure they could.
Not because this is are against fascism, just because Trump is hurting and not online. Don’t take this resistance as anything other than these incredibly shitty companies continuing to be incredibly shitty to protect their self interest interest.
They’re not fighting for you or me, they’re fighting for themselves. That makes them just as horrible as if they had agreed to it. They deserve zero credit.
- The enemy of my enemy something something...
Its crazy days right now and something crazy just occurred to me.
(conspiracy theory) We all know trump isn't smart enough to come up with any of this on his own and is just following instructions of people close to him who convince him that he's a big boy by putting all these tariffs in place. Is it possible his cronies are intentionally giving him bad advice putting all these tariffs in place alientating him from his opponents and allies alike so they can use the 25th Amendment to declare trump incompetent putting Vance in charge for 4 years? (/conspiracy theory)
- It's far simpler that his handlers are foreign and actors who want the nation destroyed so they can chop it up and auction off the pieces. That motive fits.
  His new inner circle are not his handlers; they are new recruits who want to be first in line to buy up the pieces. A billionaire is not a patriot. They don't give two fucks about society - that's why they're billionaires.
  
  It’s far simpler that his handlers are foreign and actors who want the nation destroyed so they can chop it up and auction off the pieces.
  If that is true then aren't those foreign actors getting a serious case of "friendly fire" right now? Stalwart allies like Canada and Mexico are getting sanctions for no good reason. Historical economic and espionage foes like China are also getting additional sanctions this week, and Russia is getting its few remaining hydrocarbon delivery methods slapped down (shadow fleet bans and Ukraine turning off methane pipelines).
  Wouldn't those groups be incentivize to a trump alternative?
- To what end? If what you say is true they should have everything they want with Trump?
  
  Two problems with trump from his handler's perspective.
  Sometimes he goes "off script". (injecting bleach really?!) (Sharpie adding a fake hurricane landing path on a nationally televised alert REALLY?!)
  He's malleable by his ego. trump used to be easily in Bannon's pocket, now Musk has his ear (and the power that comes along with it). Lots of folks worked hard to get trump in power for their own means. I imagine many are not happy that Musk is using them to get his own way and line his own pockets.
  I'm not seriously considering this is true, by the way. Its just a manufactured idea that could fit the puzzle we have today.
Archive link to avoid paywall.
https://ghostarchive.org/archive/ObVfh
That was the main policy he ran on. So...
JDPON Don.

62 comments