He didn’t “cave”. The chaos is the goal. There was no logic to the tariffs to begin with. The emperor never had clothes. You either already knew this is what he does 5 years ago or you voted for Trump in 2024.
We’re not there yet. Even those who offered mild criticism of them are cheering his masterful gambit in shitting the bed and then pretending it was his plan all along.
The people can see that he’s not wearing anything but his supporters are still clapping like seals.
The stock market jumped up to below where it was before this nonsense started. Trump is still tariffing China like crazy and putting an across the board 10% tariff on everyone this will contribute to inflation and likely reduce growth while not bringing many jobs to the US. When slow growth and higher inflation start to take hold it will not be good for the economy or the stock market. The tariffs are stupid, just not as colossally stupid as they were before.
Trump has already done these reversals repeatedly in his second term. Solving problems that he caused. Each time things get a little worse for the US. Eventually if he actually does one of these really dumb things it will be catastrophic.
Edit: the results of this are that Trump is no longer in is honeymoon phase with voters and foreign leaders know not to take him seriously.
1> He got scared because there’s no way Republicans hold the House and Senate in 2 years if the Dow keeps dropping.
2> He’s just confused AF and changes his mind on a whim because he’s stupid, ignorant and insecure.
3> He’s intentionally trying to trash the economy, and then recover the economy in sprints so that he can profit off of it in the market. That’s what my wife and I are doing. We just sold a bunch of stuff we bought last week. When things go down again, we’ll start buying again. Sadly, most people aren’t in a position to profit off of this, though. I’d certainly be happier to make my money the older buy and hold way, but it’s not like we couldn’t see this coming. We made all our big purchases before Trump came into office and dumped a bunch out of our retirements so that we could buy stuff when it dropped.
Never mind that reducing tariffs is a good thing—he is a sol it let having to surrender on this issue because it was such a plainly awful idea even his own losers were pushing back.
No. I think it was a “day-trading fools have no clothes” moment. Anyone that bought this morning was jumping the gun. There are still tariffs. Oil still dropped like crazy. China still owns a bunch of our debt and is still being targeted for a trade war. Inflation will still go up. Jobs will still be lost – not even counting the government jobs. I think if you didn’t sell already, this bump would be a good time.
I think it was done for the exact reason of being able to make money for all the people he told to buy when stocks are low. I don’t think it’s more complicated than that. Other than him just riffing off the top of his head, making worlds changing moves on a win based on whatever he feels like in that moment.
When Trump made his first run at tariff insanity Trudeau and Sheinbaum tactic was to “give in” with a few meaningless gestures or telling him that something they were already planning on doing was a new thing that they were doing in response to his tariffs.
And that kind of makes sense because Trump‘s renegotiation of NAFTA was basically a bunch of meaningless changes and if you wanted those changes, he could’ve also negotiated them in a normal way and not by being an asshole.
But he keeps doing this stuff and it clearly pisses off the whole world and governments despite what Trump thinks tend to be responsive to the wishes of their people.
Look at how the world responded this time. By condemning him and announcing reciprocal tariffs. Carney made a speech basically saying that the relationship with the United States is irreparably damaged instead of bothering to negotiate. The EU started talking to China and India. China is using its media to make fun of Trump by posting videos of Ronald Reagan.
The markets rejected Trump’s genius and he started seeing rebellion from the Republican ranks.
And so Trump caved. Even if it’s only temporary, he’s surrendered.
I don’t know about the perception of the US population but it’s clear that the world has decided to move on.
I think perception changed the second he started this whole thing… damage is done.
I have a feeling he pulled back because there was likely a promise of resignations and he needs to make it seem like everyone is behind him. So that’s good news – some (few) level heads can get to him.
But it’s just a pause – he kicked the can down the road, let’s see what’s next
The 20th century is called the “American Century” because it was a period of significant US global influence, particularly in politics, economics, technology, and culture. Trump, Musk, and the MAGA dingleberries are ensuring that it will be the last…
Someone convinced him to pause them. They were probably aiming to him to drop them entirely but he compromised with pauses instead.
He’ll take credit for any positive bounce back. If the market tanks, “it’s part of the plan”. If it recovers, “it’s the plan working”.
And that’s how any politician would play it. Stupid thing is that I’ve never seen a market this reactive to what a president is doing. Like COVID was the last time the market hit this low, but that was a pandemic not a president making a trade war.
In short, everything was about to collapse, including his precious interest rates that he’s been moaning about since this started. The illegal insider trading he did this morning was just the cherry on top. Only Trump could pick a strategy so perfectly suited to do the exact opposite of what he intended.
eta: also, to be clear, a 90 day “pause” (read: extortion period) doesn’t fix this. It just gives the Fed a little more time to control the coming damage. Japan and China are still both selling their bonds as fast as they can without crashing the bond market.
No. Go check out /r/Conservative, there are still many who don’t see this as him caving at all. The spin is that the “tactic” worked and that all the other countries except China are now negotiating.
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Do you think the public’s perception of Trump has changed at all with him caving?
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It was to bump the stock market. We’ll see if it holds tomorrow.
He didn’t “cave”. The chaos is the goal. There was no logic to the tariffs to begin with. The emperor never had clothes. You either already knew this is what he does 5 years ago or you voted for Trump in 2024.
We’re not there yet. Even those who offered mild criticism of them are cheering his masterful gambit in shitting the bed and then pretending it was his plan all along.
The people can see that he’s not wearing anything but his supporters are still clapping like seals.
Not “the public” but probably his chief MAGA insiders like the tech oligarchs and Koch etc.
The stock market jumped up to below where it was before this nonsense started. Trump is still tariffing China like crazy and putting an across the board 10% tariff on everyone this will contribute to inflation and likely reduce growth while not bringing many jobs to the US. When slow growth and higher inflation start to take hold it will not be good for the economy or the stock market. The tariffs are stupid, just not as colossally stupid as they were before.
Trump has already done these reversals repeatedly in his second term. Solving problems that he caused. Each time things get a little worse for the US. Eventually if he actually does one of these really dumb things it will be catastrophic.
Edit: the results of this are that Trump is no longer in is honeymoon phase with voters and foreign leaders know not to take him seriously.
It’s one of a few things:
1> He got scared because there’s no way Republicans hold the House and Senate in 2 years if the Dow keeps dropping.
2> He’s just confused AF and changes his mind on a whim because he’s stupid, ignorant and insecure.
3> He’s intentionally trying to trash the economy, and then recover the economy in sprints so that he can profit off of it in the market. That’s what my wife and I are doing. We just sold a bunch of stuff we bought last week. When things go down again, we’ll start buying again. Sadly, most people aren’t in a position to profit off of this, though. I’d certainly be happier to make my money the older buy and hold way, but it’s not like we couldn’t see this coming. We made all our big purchases before Trump came into office and dumped a bunch out of our retirements so that we could buy stuff when it dropped.
It’s yet another thing people can spin however they want to.
The one takeaway I think everyone should have is this is how it’s going to be. We’ll be back here approx. 88-90 days from now.
Yeah the bond market got wild because Japan was dumping bonds so he got scared.
He was exposed as a dumbass but still not sure if that impacts his maga support unfortunately.
Business leaders are still rattled
Yes, this was him surrendering.
Another Trump Surrender.
He’s fond of those.
Never mind that reducing tariffs is a good thing—he is a sol it let having to surrender on this issue because it was such a plainly awful idea even his own losers were pushing back.
No. I think it was a “day-trading fools have no clothes” moment. Anyone that bought this morning was jumping the gun. There are still tariffs. Oil still dropped like crazy. China still owns a bunch of our debt and is still being targeted for a trade war. Inflation will still go up. Jobs will still be lost – not even counting the government jobs. I think if you didn’t sell already, this bump would be a good time.
This will surely be the end of him.
I think it was done for the exact reason of being able to make money for all the people he told to buy when stocks are low. I don’t think it’s more complicated than that. Other than him just riffing off the top of his head, making worlds changing moves on a win based on whatever he feels like in that moment.
I think the American public is wishing they could move to out of the USA right now to be honest.
When Trump made his first run at tariff insanity Trudeau and Sheinbaum tactic was to “give in” with a few meaningless gestures or telling him that something they were already planning on doing was a new thing that they were doing in response to his tariffs.
And that kind of makes sense because Trump‘s renegotiation of NAFTA was basically a bunch of meaningless changes and if you wanted those changes, he could’ve also negotiated them in a normal way and not by being an asshole.
But he keeps doing this stuff and it clearly pisses off the whole world and governments despite what Trump thinks tend to be responsive to the wishes of their people.
Look at how the world responded this time. By condemning him and announcing reciprocal tariffs. Carney made a speech basically saying that the relationship with the United States is irreparably damaged instead of bothering to negotiate. The EU started talking to China and India. China is using its media to make fun of Trump by posting videos of Ronald Reagan.
The markets rejected Trump’s genius and he started seeing rebellion from the Republican ranks.
And so Trump caved. Even if it’s only temporary, he’s surrendered.
I don’t know about the perception of the US population but it’s clear that the world has decided to move on.
I think perception changed the second he started this whole thing… damage is done.
I have a feeling he pulled back because there was likely a promise of resignations and he needs to make it seem like everyone is behind him. So that’s good news – some (few) level heads can get to him.
But it’s just a pause – he kicked the can down the road, let’s see what’s next
the emperor has no braincells.
The 20th century is called the “American Century” because it was a period of significant US global influence, particularly in politics, economics, technology, and culture. Trump, Musk, and the MAGA dingleberries are ensuring that it will be the last…
Someone convinced him to pause them. They were probably aiming to him to drop them entirely but he compromised with pauses instead.
He’ll take credit for any positive bounce back. If the market tanks, “it’s part of the plan”. If it recovers, “it’s the plan working”.
And that’s how any politician would play it. Stupid thing is that I’ve never seen a market this reactive to what a president is doing. Like COVID was the last time the market hit this low, but that was a pandemic not a president making a trade war.
There will never be anything of the sort. Maga supporters want an emperor. That’s all it was ever about.
This is why he caved:
Is the United States Heading For a Liquidity Crisis?
In short, everything was about to collapse, including his precious interest rates that he’s been moaning about since this started. The illegal insider trading he did this morning was just the cherry on top. Only Trump could pick a strategy so perfectly suited to do the exact opposite of what he intended.
eta: also, to be clear, a 90 day “pause” (read: extortion period) doesn’t fix this. It just gives the Fed a little more time to control the coming damage. Japan and China are still both selling their bonds as fast as they can without crashing the bond market.
No. Go check out /r/Conservative, there are still many who don’t see this as him caving at all. The spin is that the “tactic” worked and that all the other countries except China are now negotiating.
No, it’s a “I’m going to manipulate the market and buy the dip” moment. That’s all. Nothing has changed. He’s still who he is.