- cross-posted to:
- globalnews@lemmy.zip
- economy@lemmy.world
- cross-posted to:
- globalnews@lemmy.zip
- economy@lemmy.world
KEY POINTS
- Donald Trump will “probably” announce a compromise with Canada and Mexico as early as Wednesday, which could scale back his new 25% tariffs on top U.S trading partners, Commerce Secretary Howard Lutnick said.
- The comments came after the U.S. stock market limped to a close for a second day of sharp declines.
- The Trump administration enacted sweeping tariffs on Canadian and Mexican imports after putting them on pause for a month.
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They’re waiting to see what the fallout looks like, and trying to get better terms, or whatever they’re strong arming Canada and Mexico to get. I hope Canada and Mexico divest from us trade entirely and do not reward this behaviour at all or it will get worse.
We don’t negotiate with terrorists
Demented damn toddler
New headline: Drug addict who shits himself daily, changes mind again, and again, and again, and…
Compromise on what? You haven’t even told us what they’re really for you dumb shit.
It’s clearly not a compromise on the fentanyl situation, and you haven’t talked about anything else that we’ve changed.
Are you just compromising on your own?
art of the deal
Who’s the ghost writer this time? Pladimir Vutin?
They are on a budget, so it’s some dude called Lasha Sukashenka, who is weirdly obsessed with potatoes.
Would have worked better with the order reversed but oh well 🤷
He wants to be associated in the media with tariffs, since it’s something that his core supporters and people in swing states want.
In the past, he’s gone out of his way to very noisily associate himself with tariffs, without actually imposing a whole lot by way of tariffs.
I have an earlier comment giving good odds that Trump likely either wouldn’t impose tariffs or wouldn’t impose them for long – he’d do so long enough to make sure that people saw news coverage associating him with the things. I doubt that Truth Social and other media that favor him, like Breitbart, are going to make much noise about him ending the tariffs.
This kinda makes sense, but people also see the market ticker on the bottom of the same TV screen.
The target audience for this doesn’t care about the markets. They imagine tatriffs will scare the companies into giving the lower class more jobs with decent pay, and they don’t have stock or even big 401ks.
They should notice a complete lack of improved pay over the long term though.
He’s taking JD’s advice and compromising with a couch.
I think he misheard when JD said to “compromise a couch”.
Step 1: short a bunch of stocks likely to affected by blanket tariffs
Step 2: “I’m enacting a massive across the board tax” causing prices to fall
Step 3: close the shorts for a gain, buy newly lowered stock aft market dip. Announce ‘compromise’ that brings indexes back up
Step 4: Sell and profit a second time, prepare to return to step 1
Repeat over a dozen times the next two years
Surely short term stock acquisitions are not really what is happening right now, right?
This (relatively) small fry market manipulation is 100% elons M.O. it’s how hes done business when not fleecing the fed for cash. Its why he was forced to buy twitter for fucks sake. but they arent really taking the short term discount acquisitions over the long term, are they?
If they are… Its… just so stupid. If it is something else, let me know.
What absolute idiot thinks you can run a crypto pump and dump scheme on the entire US econom-…oh
Yep, you’re right. And he totally got T’s buy in by letting him get a taste for his T coin scam.
I’m sure repeatedly shocking the market with surprise tariffs will be good for the overall health of the economy… Right? Surely the market will bounce back every time tariffs are lifted?
A good economy loves frequent unscheduled shocks… actually it is what economies crave
Canada and Mexico should leave their retaliatory tariffs in place.
Yeah nobody can plan anything like this. Anytime there are retaliatory tariffs they should be for a set number of months until any renegotiation. He’s trying to flim flam governments like he flim flams his voters.
Or his business ‘partners’
Double them up wait a month for the U.S. stock and commodity markets to absolutely crater.
Canada and mexico will absolutely crater first if pushed. Canada can maybe afford it short term and make trump blink first. They have a better position. Sheinbaum, for all the credit ill give her for not being a complete stooge like a good portion of the world expected, is in a much tighter predicament. I want her to go toe to toe. She has showed she isnt a puppet. But i dont think she can afford to hold out as long as necessary. Politically or economically.
I don’t think he realizes you can pull the nail out but that doesn’t erase the hole you made.
I don’t think he cares. He doesn’t give a shit about the US, or how much damage he causes. He only cares about himself, and maybe a few of his associates, maybe, though I’d wager that caring only extends so far as they continue to act sycophantic. He’d turn on them in an instant if they stopped playing into his ego.
If another country’s leader was pulling this shit against the US, we’d have arranged for their leader to be deposed, or to fall down some stairs, or for a coup to occur, or something. If only some other country would do the same now.
Unfortunately the secret service is probably too competent to let that happen.
I dunno man, that’s the same secret service that let some kid with a trash scope get a shot off that basically won trump the presidency.
Some 400 probationary employees have been fired from the Department of Homeland Security — as the Trump administration’s mass layoff campaign continues.
We want the bureaucrats to be traumatically affected,” he said. “When they wake up in the morning, we want them to not want to go to work because they are increasingly viewed as the villains."
— Russ Vought
Honestly, I think that even a dedicated Secret Service agent might have a hard time building up the enthusiasm to take a bullet for that.
And that’s the second term. From the first term, you rather infamously had this Secret Service incident:
Kerry O’Grady posted on Facebook that she “wouldn’t take a bullet” for then presidential candidate Donald Trump back in October.
The Washington Free Beacon reports O’Grady’s job has been posted, and the The Washington Examiner reported O’Grady has been suspended.
If memory serves right the President choose their agents since it helps build goodwill. I suspect that everyone in Trump’s secret service are those who got their transfer papers out last.
And the person you hammered the nail into the first time won’t be nearly as willing to come close to you to let you do it again.
could also pull a ketchup bottle outta his butt!
He needs to be impeached for market manipulation.
Put it on the pile.
Absolute coward blinks in the face of consequences. Surprise.
Probably option calls. Easy when you know you our going to tank things.
Then buy up next day. Make billions.
Stupid rapist can’t even have a cohesive strategy and is going to screw over the economy for no gain.
Pretty par for course for Republicans I suppose.
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