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Who would have thought that basing foreign trade policy on the whims of a man who has absolutely no clue how the world works would end up having a negative impa
by mexicocitinluez 11mo ago
Who would have thought that basing foreign trade policy on the whims of a man who has absolutely no clue how the world works would end up having a negative impact??
This is such an obviously self-inflicted wound it's maddening.
- deleted 11mo ago[deleted]
- rubin55 11mo ago100% with you, but I don't think the presidential whims were the instigator for all this madness. That could be a Howard Lutnick: The Man Behind Trump’s Tariffs Strategy: https://archive.is/llGGR https://archive.is/llGGR Update: fixed link
- alwayseasy 11mo agoTrue on Lutnick but he is playing into Trump's deeply held belief (despite every data point saying the opposite) that Americans want manufacturing jobs.
- fatbird 11mo agoPeter Navarro is also a driving force behind the tariffs.
- hypeatei 11mo agoLutnick's sons are betting against tariffs at his former firm, so yes it's a corruption play. Tariff everything, then have your family buy up tariff rebates in the chaos because you know they'll get reversed by the courts. https://www.wired.com/story/senators-probe-cantor-fitzgerald-tariffs/ https://www.wired.com/story/senators-probe-cantor-fitzgerald...
- mexicocitinluez 11mo agoThat's a good point. The ones that hit the news (that seem to be motivated by Trump's personal grievances) are probably a small drop in the bucket.
- judahmeek 11mo agoTrump likes tariffs because they easily enable government corruption. That's it. Just look up all the officials that he has pardoned or given clemency for corruption.