Donald Trump announced he will impose an additional 100% tariff on goods from China, on top of the 30% tariffs already in effect, starting November 1 or sooner. The threat is a massive escalation after months of a trade truce between the two nations.
Trump’s announcement is tied to Beijing ramping up export controls on its critical rare earths, which are needed to produce many electronics. As a result, Trump appeared to call off a meeting with Chinese President Xi Jinping that was scheduled for later this month in South Korea.
How many fucking times os this fucking guy gonna try to destroy the economy in a single year?
He’s destroying the economy for 99%. The 1% is making lots of money out of this.
We have 2.5 months left to go, so… anywhere between 6-1000 times. It’s the “art of the deal”. No one ever mentioned that it’s always a bad deal.
I still think it could be a strategy for midterms.
Best way to win midterms is to have the economy improve, for prices to go down.
Best way to improve the economy is to first break it in obvious ways you know roughly how to undo.
Come January, I expect TACO to go into full effect, announcing a hiatus on tariffs and in the subsequent months they’ll actually be able to show prices going down year to year. A comparative flood of cheap and available goods. They’ll claim the upswing as proof that 2025 was just the residual ‘Biden economy’.
And it’ll work. People relieved at the good fortune will happily vote for the people that exacerbated the mess in the first place. Anyone pointing this out will be branded as a sore loser democrat that refuses to recognize Trump’s economic leadership.
Unless they decide not to ‘waste it’ on midterms and save up for 2028 instead. But I’d guess midterms to keep GOP power strong while they have more time to implement whatever other measures might make it matter less about having to actually win over voters.
I don’t understand what the scam is. Is it just buying the dip when he announced this and selling once he “chickens out” or is there something more complex that he’s being convinced to trigger?
That and shorting, stocks, bitcoin, currencies.
The scam is you can’t time the market - unless you are the person who sways the market. So he lets his buddies know what he is about to do so they can buy puts as the market crashes then they buy calls when he reverses. He was on video bragging about how Charles Schwab made over a billion dollars in one day because he had insider information.
Pretty sure that’s it honestly. Buy low, sell high(er) grift. He’s a simple man after all. A little too simple.
It’s a pump and dump game. He just wanted some more quick cash at your expense.
Just assume infinity as everything he does works towards ruining the economy.
You haven’t seen my final form yet (bis).