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Donald is weak. He was always going to fold. Once China and the EU called his bluff and retaliated, he was done. Lasted less than 24 hours.
by gsanderson 1y ago
Donald is weak. He was always going to fold. Once China and the EU called his bluff and retaliated, he was done. Lasted less than 24 hours.
- matt-p 1y agoSir, the tariff on china has just increased to 125%. I don't know why he held off on the other countries, but choose to go to "war" with China.
- gsanderson 1y agoI assume because of Peter Navarro (and of course Ron Vara).
- blitzar 1y ago14d chess of course.
- qingcharles 1y agoThey said they were going to war with China over the Panama Canal too, yesterday. Using the "most lethal fighting force", apparently.
- matwood 1y agoThe EU actually executed some strategy. First they said they would love 0/0 tariffs, which sounds fair to pretty much anyone. And when that didn't fly they put on selective reciprocal 25% tariffs. What Trump did looks even more like a clown show.
- bitshiftfaced 1y agoThey floated 0/0 tariffs before the reciprocal tariffs (and again after), and their tariffs this morning was in retaliation for the steel and aluminum tariffs, not for the reciprocal tariffs.
- watwut 1y agoNah, no reciprocation. America calling things reciprocation is just America lying.
- mercutio2 1y agoI am normally all in favor of metonymy, it's perfectly fine and well understood style. In the case of Trump-as-Mad-King tariffs, it sure would be nice if the world didn't conflate America, the historical land of twisting other nation's arms to reduce tariffs, with Trump and his fake-emergency tariffs. I can understand if you do, and if America has permanently lost a lot of good will by electing this buffoon for you, I can hardly argue with you. But still. In my mind, these are Trump's tariffs, not America's. And specifically the idea that Trump's tariffs are reciprocal, that is even more "Trump is just a liar" than something any honest American would argue.
- Aeolun 1y agoEven if you call it “Trumps Tarrifs” that means we have a better than even chance of having to deal with this. If you’ve never elected a buffoon like this it’s easy to believe it’ll never happen. If you’ve done it not once, but twice, it’s really hard to believe it won’t happen again.
- watwut 1y agoMaybe I should write "an American" instead. As in, I assume the person I am responding to is an American and is calling it reciprocal tariffs to propagate the idea that it was reciprocation.
- shawn-butler 1y ago[flagged]
- insane_dreamer 1y agoIt's a smart strategy designed to exert maximum pressure on someone who is publicly saying they want to annex some of your territory (Greenland), and generally acting in an irrational manner.
- baq 1y agoThe tariffs that he kept on would be nothing to sneeze at in more… civilized times. The market overreacted, as was priced in the vix at 50+. We are not out of the woods yet.
- matt-p 1y ago125% tariff rate on your biggest importer isn't something I'd say is "nothing to sneeze at" personally. Particularly when the expert economist used to justify it is made up.
- baq 1y agoYeah I was wary of saying 'declaration of war' (even though I think it's kinda true), but at least those imports will route themselves through Vietnam or wherever now in a few months.
- kalleboo 1y agoHe didn't even know that the EU had put in tariffs until a journalist asked him at the press conference after he announced the pause.