3mo ago

Trump’s team has no idea what to say about his sudden tariffs reversal

newrepublic.com /post/193808/trump-team-cant-explain-reversal-tariffs

Summary

Donald Trump abruptly reversed his tariff policy Wednesday, announcing a return to a 10% baseline tariff on most countries and a steep 125% rate on China.

His administration appeared blindsided, with Treasury Secretary Scott Bessent unable to explain the move and press secretary Karoline Leavitt resorting to combative rhetoric.

The shift likely responds to mounting criticism from conservative allies and market instability marked by a debt sell-off.

Despite confusion and lack of clarity, officials tried to play up Trump’s unpredictability as strategic leverage rather than a sign of disarray.

57 comments

Calling it now, insider trading (If that wasnt obvious already, look at the market 30 min. before the announcment)
- It couldn't be any more blatant. Trump himself blasted out the insider trading info 3hrs before announcing the tariff reversal:
  3hr later:
  
  Good thing the Supreme Court decided that it's an official act which is totally cool and legal.
  
  100%. It's been obvious from the start. This is probably the top secret part of project 2025 that is alluded to exist, but hasn't been documented anywhere.
  4 years of these pump and dumps will kill off most small businesses, while enabling the nazi party and preferred oligarchs (including Putin) to consolidate and own the lions share of the market; stealing trillions from global investors and retirement funds, and attaining voting rights to control most corporations. DOGE's purpose was to eliminate and disrupt every institutions ability to document and enforce these crimes.
  
  These Countries have not retaliated in any way
  They very much have. China has just become a convenient "out group" for Trump to demonize.
  
  "The economy, it's me"
  
  "Great time to buy" could just as easily be "plz make stock market go up". You can't really make a decision based on that statement.
- Someone else in my life mentioned this! I’ll need to take a look.
  
  It's definitely happening. I think they seeded the last time it was rumoured too.
  
  https://lemmy.ca/comment/15795114
Despite confusion and lack of clarity, officials tried to play up Trump’s unpredictability as strategic leverage rather than a sign of disarray.
That's literally all Trump's teams ever do and have ever done.
- Its a sign for all possible investors to flee the US. You'll never get your money back when its eaten on the whims of an octagarian pants-shitter.
  
  I just heard NPR, a more consistent and reliable source, state that the US would be one of the worst off GDP wise if the tariffs were to stick. Volatility is the goal right now. They're pumping and dumping and also trying to distract from all the civil and human rights violations.
Ladies, gentlemen, and others, this is what we call a "pump and dump". Anyone that understands the markets at even a high level could see this coming from a mile away. A bunch of rich people just made a fuck load of money today.
- Reverse pump and dump is a dip and rip.
  
  Shoot and scoot
- I believe this... however, in true Trump fashion, he is going about the stupidest possible way.
  Maybe I am underestimating global greed but trump has made clear the USA is 100000% unreliable; what is the longer term outlook now for defense contractors internationally? Do they think they will continue to sell critical weapons, infrastructure, tech, pretty much anything with strategic value in the international market?
Really, really shows how weak Trump is.
- “I’m bleeding, making me the victor!”
  
  I should watch this again. I need some levity
D E M E N T I A
- It's syphilis, same reason he paints himself orange, hides the symptoms.
  
  I don't mind spreading the idea that he has syphilitic demantia just to fuck with him, and because it's funny historically, but just in case you didn't know you should be aware that it's treatable with antibiotics and that's not actually why.
- Calling that shit "hair" is generous of you
I'm a Free Thinking Republican who just yesterday was Touting how GREAT these Tariffs were for our Economy and how GREAT a Stock Market Crash was for our Economy and I just want to say HAHA SUCK IT LIBARDS THIS was the Plan the Entire TIME! LOOK at that Stock Market SOAR Today thanks to this 5D Chess played by Trump! Even though Yesterday I was saying the Stock Market should be Crashing and Tariffs were GREAT! I THINK for Myself!
- We all need to mercilessly make fun of these people, shame and laugh at them for this.
I'm actually extremely happy that he changed from 104 to 125. Ending on a 4 is such a big no no. We gotta end our tariff values on 0s or 5s so this change has been tremendous. The greatest tariff ever made... Believe me.
- At least it still ends in a 5?
- Look I don't want the give the mad king too much praise, but this unironically. 104 was causing me to fling my dick into orbit, I'm at least happy they picked a nice round number.
hes getting his advice from his billionaire donors, and putin, instead of his own administration.
Make no mistake, he wasnt making this up as he went along, he knew exactly what he was doing the entire time. The basic outline was in place - announce tariffs, make them really big, get everybody crazy, crash the market, buy options on the decrease, buy stocks at the bottom, and ride them up on the delirious news that the tariffs have been suspended.
He may have improvised the real-time details like a jazz player, but the basic chord progression was always chugging along in the background.
This is his 3rd round of this, with each increasingly larger. This one threatened to boil over, so he kicked it down the road 90 days, but he is pathologically incapable of resisting his greed, so he probably won't wait that long.
It won't be long before they're saying "Just trust that he knows what he's doing. He works in mysterious ways!"
- Well, he is the messiah after all.
He shit his diaper and scared himself. He reversed what was supposed to be billion dollar tariffs. What happened to all the calls and people kissing his ass like he said? Did the bonds spook him?
I guess the part that is even more impressive is that his people try their best to vomit up some excuse to cover tangerine man. Deep down, without a doubt, you know his crew is like, this dumb mother fucker. There is no way they aren't.
they may not know what to say, but they're probably thinking: "why ain't you lettin' me in on the illegal stock market manipulation and insider trading?"
- Wait, can you link that AI video here or is that illegal?
Just when you thought things couldn't get any stupider.
- You know, it is weird, but I don't think that much anymore.
BoYs WiLL be bOyS. Har har
Well I certainly can.
You're a bunch of weak-assed, scared PANICANS.

57 comments