this post was submitted on 14 Apr 2025
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Trump’s tariff reversal came after he watched an interview on Fox Business with JP Morgan Chase CEO Jamie Dimon, during which the bank boss said that a recession was a “likely outcome” of the new trade policies, according to the Washington Post.

Trump was asked by a reporter on Wednesday when he decided to put a pause on the tariffs.

“I would say this morning. Over the last few days, I’ve been thinking about it. Fairly early this morning,” he said.

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[–] ninthant@lemmy.ca 154 points 2 days ago (3 children)

It’s important to the world to drop the “quietly” bit.

The US administration is behaving erratically and irrationally. This isn’t a punchline to some smug joke, it has important repercussions for world trade and defence needs.

Let’s cut the conspiracy theories about how they are doing this for graft, and the unfounded “4d chess” approaches. Some people in the administration may be trying to steer the government in these ways, but the captain of the ship is an unleashed chaos monkey surrounded by sycophantic yes-men.

The tariffs could double tomorrow or be gone tomorrow. The US could invade Greenland with a military force tomorrow or drop it completely move onto some shiny new idiocy.

We in the rest of the world need to move with urgency in order to be prepared for the worst. This is a tall task, so the longer we keep these admissions quiet the longer we are vulnerable

[–] pelespirit@sh.itjust.works 37 points 2 days ago (2 children)

Let’s cut the conspiracy theories about how they are doing this for graft, and the unfounded “4d chess” approaches.

He is doing it for a grift, it's pretty out in the open. You're right about the 4d chess though. That's his thing, think like a stupid mob boss that only does it for the grift. He thinks they owe him a favor now.

Link to video: https://nitter.net/MorePerfectUS/status/1910340290260463771#m

Video of Trump Bragging About Enriching His Billionaire Pals Draws Outrage

[–] ninthant@lemmy.ca 9 points 2 days ago* (last edited 2 days ago) (2 children)

The video doesn’t show evidence of this being a planned out endeavour.

For it to be grift, those people would have had to benefitted from the dip in some way. But that’s not what this shows, it’s just billionaires having their shares go down in value because of trumps idiocy and then back up from the whiplash when he erratically reversed course.

Spraytan is trying to ingratiate himself to these rich assholes by taking credit for their gains by wilfully ignoring their losses were inflicted by him.

This is not to say that no one in the administration is using this for their own gains. It’s entirely likely that some are.

I’m just super sick of this narrative that Trump secretly has some master plan when we have 40+ years of well documented evidence about how stupid this man is.

[–] Serinus@lemmy.world 7 points 1 day ago

I agree that the grift most likely came after the actions were decided. The guy in charge is absolutely a moron that acts solely on whims. It's confusing because there are at least a couple people around with the grift agenda or their own plans that are feeding him ideas. So sometimes he uses a smart idea or he mixes what would have been a smart plan with something idiotic and/or some grift.

It's why so many people are willing to kiss his ass. Because if you do it at the right time and you're lucky, you get temporary control of the US government.

[–] ExtantHuman@lemm.ee 1 points 1 day ago

Not just likely. Demonstrably true. You can see the trading increase significantly before he made each announcement/tweet.

[–] 10001110101@lemm.ee 2 points 1 day ago

He could be insane and doing it for graft. He obviously sees himself like a mobster and tries to operate like one. My theory is he wants to individually negotiate tariffs to solicit bribes from businesses and foreign countries. It's not exactly 4d chess. He just knows he has the power to pressure the richest and most powerful people on the planet, so he's going to use that power to enrich himself and family. I don't think he actually understands much about tariffs or much of anything though.

Also, the evidence of insider trading and market manipulation is pretty convincing to me. I don't think that was the original intention, but Trump, or those around him saw the opportunity and took it.

[–] CheeseToastie@lazysoci.al 3 points 2 days ago (1 children)
[–] LemmySilverBot@lemmy.world 3 points 2 days ago (1 children)

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