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.

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[–] TankovayaDiviziya@lemmy.world 2 points 6 days ago (1 children)

I'm sure imposing tariffs benefits him and his cronies. That's why he promises to put it in place.

[–] Doomsider@lemmy.world 2 points 6 days ago* (last edited 6 days ago)

They are probably playing the stock market using the office to manipulate prices. This is a huge problem and is why we don't need businessmen in the government there to enrich themselves.

[–] 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.

[–] can@sh.itjust.works 66 points 1 week ago

CEOs aren't the brightest.

[–] 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 (18 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.

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[–] Shirasho@lemmings.world 72 points 1 week ago

This guy has tanked all of his previous enterprises due to his poor decision making and lack of knowledge. What in their right minds made them think this would be any different?

[–] Rooskie91@discuss.online 67 points 1 week ago

Anyone else feel like the goal IS inflation?? I feel like they're trying to contrstruct a Weimar Republic situation with this to push people further right. I hope I'm wrong, but this feels like they're really trying to come up with an excuse to kill a lot of people.

[–] 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.

[–] Cruxifux@feddit.nl 2 points 6 days ago

Right? I realized 20 years ago that trying to vote your way out of a system that’s democracy and media was controlled by the elites was a crock of shit.

[–] Maggoty@lemmy.world 63 points 1 week ago* (last edited 1 week ago) (1 children)

Didn't he literally campaign on these tariffs?

Where were these titans of industry in October?

Link

Yup. This is not a new thing. If these guys had lined up to say this at a microphone during the campaign it could have had an impact. But no, they thought they could just control him after the fact. After having seen how uncontrollable he was during his first term. This is what happens when you equate wealth with intelligence. You get dumbasses who think they're playing 5d chess.

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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 (11 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.

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