this post was submitted on 16 Dec 2024
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Summary

U.S. CEOs and business executives are alarmed as Donald Trump remains firm on imposing high tariffs on U.S. allies, despite warnings from economists about potential economic harm.

According to the Wall Street Journal, Trump’s late-night social media announcements have blindsided both his advisers and business leaders, leaving them scrambling to react.

While Trump consults some advisers, like Marco Rubio and Treasury pick Scott Bessent, his unilateral approach limits their influence.

The uncertainty has left business leaders struggling to find ways to alter his stance on trade policies.

(page 4) 13 comments
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[–] WhatsHerBucket@lemmy.world 344 points 1 week ago (11 children)

How the actual fuck are people “blindsided” by this?

[–] Chozo@fedia.io 170 points 1 week ago

Maybe the leopards started with the eyes.

[–] finder585@lemmy.world 40 points 1 week ago (1 children)

Because folks do their 5 minute research by reading conservative mainstream news outlets and safe space enclaves that Tariffs are good.

Talking points to the contrary are not allowed, so they get to find out the hard way.

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[–] Maiq@lemy.lol 172 points 1 week ago (1 children)

He's a Russian asset, what do they think he is going to do anything that's in the US's best interest? He's here to burn it to the ground and line his pockets with what's not ashes.

Honestly at this point I don't know how anyone can't see the obvious.

[–] BaroqueInMind@lemmy.one 31 points 1 week ago (17 children)

What can we do besides impotently complain about this on the internet?

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[–] Nougat@fedia.io 67 points 1 week ago (1 children)

Maybe your dumb asses should have been railing against this a long fucking time ago.

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[–] WoodScientist@lemmy.world 63 points 1 week ago

The German corporate elite thought they could control the last guy as well...

[–] fluxion@lemmy.world 46 points 1 week ago

You let the fox in the henhouse. Why would he listen? He's not planning to win over hearts and minds

[–] rc__buggy@sh.itjust.works 38 points 1 week ago (9 children)

Well shit. I hoped it was just bluster, but if he's serious it makes a lot of sense.

The 0.1% gain wealth whenever economies crash. He is obviously going to try to crash the world economy so fat cats can buy assets for pennies on the dollar, including entire developing nations. Then the fed prints a gazillion dollars and bails it all out.

Greedy pigs get fatter, the rest of us get leaner.

[–] Kichae@lemmy.ca 27 points 1 week ago (2 children)

I hoped it was just bluster

You understand he was president before, right? And that he did this before? Like, he's a totally known quantity, and he's going back to where he was in 2019.

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