this post was submitted on 14 Apr 2025
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Trump’s tariff reversal came after he watched an interview on Fox Business with JP Morgan Chase CEO Jamie Dimon, during which the bank boss said that a recession was a “likely outcome” of the new trade policies, according to the Washington Post.

Trump was asked by a reporter on Wednesday when he decided to put a pause on the tariffs.

“I would say this morning. Over the last few days, I’ve been thinking about it. Fairly early this morning,” he said.

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[–] imsufferableninja@sh.itjust.works 166 points 1 week ago (1 children)

Really? What was their first clue?

[–] SunshineJogger@feddit.org 45 points 1 week ago* (last edited 1 week ago) (1 children)

A few hints here and there for sure.

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[–] ninthant@lemmy.ca 155 points 1 week ago (5 children)

It’s important to the world to drop the “quietly” bit.

The US administration is behaving erratically and irrationally. This isn’t a punchline to some smug joke, it has important repercussions for world trade and defence needs.

Let’s cut the conspiracy theories about how they are doing this for graft, and the unfounded “4d chess” approaches. Some people in the administration may be trying to steer the government in these ways, but the captain of the ship is an unleashed chaos monkey surrounded by sycophantic yes-men.

The tariffs could double tomorrow or be gone tomorrow. The US could invade Greenland with a military force tomorrow or drop it completely move onto some shiny new idiocy.

We in the rest of the world need to move with urgency in order to be prepared for the worst. This is a tall task, so the longer we keep these admissions quiet the longer we are vulnerable

[–] pelespirit@sh.itjust.works 37 points 1 week ago (16 children)

Let’s cut the conspiracy theories about how they are doing this for graft, and the unfounded “4d chess” approaches.

He is doing it for a grift, it's pretty out in the open. You're right about the 4d chess though. That's his thing, think like a stupid mob boss that only does it for the grift. He thinks they owe him a favor now.

Link to video: https://nitter.net/MorePerfectUS/status/1910340290260463771#m

Video of Trump Bragging About Enriching His Billionaire Pals Draws Outrage

[–] ninthant@lemmy.ca 9 points 1 week ago* (last edited 1 week ago) (2 children)

The video doesn’t show evidence of this being a planned out endeavour.

For it to be grift, those people would have had to benefitted from the dip in some way. But that’s not what this shows, it’s just billionaires having their shares go down in value because of trumps idiocy and then back up from the whiplash when he erratically reversed course.

Spraytan is trying to ingratiate himself to these rich assholes by taking credit for their gains by wilfully ignoring their losses were inflicted by him.

This is not to say that no one in the administration is using this for their own gains. It’s entirely likely that some are.

I’m just super sick of this narrative that Trump secretly has some master plan when we have 40+ years of well documented evidence about how stupid this man is.

[–] Serinus@lemmy.world 7 points 1 week ago

I agree that the grift most likely came after the actions were decided. The guy in charge is absolutely a moron that acts solely on whims. It's confusing because there are at least a couple people around with the grift agenda or their own plans that are feeding him ideas. So sometimes he uses a smart idea or he mixes what would have been a smart plan with something idiotic and/or some grift.

It's why so many people are willing to kiss his ass. Because if you do it at the right time and you're lucky, you get temporary control of the US government.

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[–] bluegreenwookie@bookwormstory.social 79 points 1 week ago (2 children)

If only we had 4 years of this exact behavior to judge him by to predict he may act like this.....

[–] OCATMBBL@lemmy.world 27 points 1 week ago (3 children)

8 years. He didn't stop misbehaving after he was out of office.

[–] Typhoonigator@lemmy.world 16 points 1 week ago

I mean, by that metric, we've got decades of evidence

[–] aesthelete@lemmy.world 12 points 1 week ago (4 children)

He only got more insane during the stretch from 2020-2024. The insanity was on full display during the 2024 race. I don't understand what's wrong with our electorate.

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[–] whoisearth@lemmy.ca 10 points 1 week ago

Somewhere a New Yorker is saying 70 years because this shitwad has been the same since he was in diapers.

[–] DiaDeLosMuertos@aussie.zone 6 points 1 week ago

Well that and if only he had been honest about what his intentions were when he was running.....

[–] Astrealix@lemmy.world 57 points 1 week ago (1 children)
[–] Asafum@feddit.nl 10 points 1 week ago (3 children)

It's warranted. He might be insane or he might be insider trading and enriching himself and friends with his actions.

My non-existent money is on the latter.

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[–] teawrecks@sopuli.xyz 40 points 1 week ago (4 children)

I know it's fun to circle-jerk around these headlines, but it's a misdirection to give lay-people something titter about because it's too difficult to explain what's really happening. His behaviour actually is rational, he's just an idiot.

For Trump's entire life, the US stocks/bonds markets have mapped closely to market greed/fear respectively. When the market gets spooked, they turn to more conservative investments, and US bonds have historically been that. (Government bonds are typically seen as the least risky investment, because it's unlikely that a country falls apart and fails to pay its debts).

Fast forward to today, the US has a bunch of debt that needs refinancing this year, and lately, we haven't been getting good interest rates on our bond sales (which indicates people are seeing US bonds as more risky than usual). So Trump said, "no problem, we just need to instill a bit of fear in the market to drive investors to bonds, which will cause the interest rate to drop, so we can refinance our debt at a better rate." So he announces a bunch of nonsensical tariffs, which tanks the stock market, and just like he expected the bond market saw a dip in interest rates......for about a day, followed by a sharp increase! That sharp increase is why Trump agreed to pause the tariffs. Not only did it not work how he thought, it would seem he exposed a pronounced decline in trust for the US' ability to pay its debts. Instead of running to US bonds, investors ran everywhere else (gold, the Swiss Franc, the Euro, etc.)

I don't know what his next move is, but I have to think he's feeling a bit desperate. He's going to probably try to up his "blame the Democrats for their spending" game, of course without acknowledging that he has also only increased spending (even with all of DOGE's hard fought, and definitely not half-baked, budget cuts).

But all his strategies seem to be overt market manipulation, and nothing else. I feel like it really highlights the difference between someone who can create actual value using intelligent planning and innovation, and someone who is a capitalist leech who has fooled themselves into thinking that buying low and selling high does something useful for someone.

[–] themadcodger@kbin.earth 22 points 1 week ago

That still feels like too much thought/reasoning for him. I could see some other idiot connecting those dots and convincing Trump it was his idea. Or just Putin trying to crash the economy.

[–] Snowcano@startrek.website 16 points 1 week ago (4 children)

I can guarantee you have put way more thought into this than he ever has, or will.

[–] Geetnerd@lemmy.world 7 points 1 week ago

His true masters have put more thought than that into it. They just can't control him to the extent they thought. But it's mostly working out for them.

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[–] Reygle@lemmy.world 32 points 1 week ago (2 children)

What do they mean by might be

[–] A_Random_Idiot@lemmy.world 30 points 1 week ago (3 children)

seriously.

Did no one pay attention to his first term?

Hes an emotional, hyper-reactionary infant throwing levers to provoke reactions and to punish those who dare do anything but praise the glorious kissableness of his orange painted ass.

Theres no deep thought to it.

There is no 4d interdimentional chess moves.

There is no thinking.

There is just a monkey throwing shit for his own amusement.

[–] Geetnerd@lemmy.world 10 points 1 week ago* (last edited 1 week ago) (3 children)

He has that extremely annoying teenage boy need to pretend to be a badass, due to a massive insecurity complex and constant fear.

The problem is he's an extremely entitled, privileged, and spoiled manchild whose daddy made him feel like he was worthless, and weak his entire childhood if he didn't act as if he wasn't a "Real Man," and a "Killer" in business. He's never matured emotionally beyond that. He has the mind of a frightened child.

And here we are, with him as the most powerful individual in the world. Fat Baby Jeebus help us.

[–] A_Random_Idiot@lemmy.world 7 points 1 week ago (9 children)

explains why he gets on so well with Elon.

another emotionally stunted perpetually edgy wannabe teenager.

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[–] CharlesDarwin@lemmy.world 7 points 1 week ago

Just look at how he posed with that bullshit "hard" face for both his mug shot and for his stupid photo that we now have to see hanging everywhere in official buildings.

For that mug shot they should have mussed up his hair and otherwise thrown him off and then snap the photo and capture the true essence of the man-baby.

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[–] ameancow@lemmy.world 13 points 1 week ago

What they mean is this:

"We spent a fortune to put this fuckin puppet in power, we had to work with every other sleezebag nation with the will to subvert democracy so we could get our golden-idol worshipped by the country's stupidest peasants so we could deregulate the whole world via force if necessary, but it turns out the clown is so stupid he's listening to the morons around him and not just our orders and now the market is crashing and the wrong people are profiting!"

[–] NeonNight@lemm.ee 27 points 1 week ago (1 children)

Let me tell you, it’s really god damn annoying seeing people just now have “epiphanies” about shit a lot of us have known for decades now.

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[–] lemmylump@lemmy.world 25 points 1 week ago

Get loud you pricks.

[–] spooky2092@lemmy.blahaj.zone 24 points 1 week ago (1 children)

"Quietly fear"

motherfuckers, we've been saying this for 10 years...

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[–] pHr34kY@lemmy.world 18 points 1 week ago

He has concepts of a plan.

[–] hopesdead@startrek.website 16 points 1 week ago (2 children)

Does he know what a recession is? Genuinely asking. That would help understand this response.

[–] whotookkarl@lemmy.world 7 points 1 week ago

If he does it was explained to him repeatedly through a TV with lots of pictures

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[–] captainjaneway@lemmy.world 15 points 1 week ago (1 children)
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[–] CharlesDarwin@lemmy.world 13 points 1 week ago

Let me guess?

....but supported him because they wanted the tax cuts and any side effects of having monsters like the qons in charge they thought would pass them by...

[–] j0ester@lemmy.world 12 points 1 week ago

No shit, Sherlock.

[–] Wilco@lemm.ee 11 points 1 week ago (1 children)

Trump does in fact have a tariff plan and has had it for years. He uses tariffs to crash and recover the market for insider trading. These fuckers need to all be in jail. Since the justice system in non functional then US citizens should probably defend themselves from this economic terrorism in ... other ways.

[–] Asafum@feddit.nl 8 points 1 week ago

Fox news: But but but Biden knows a guy who has a dog walker who has a cousin that once babysat for a family that is corrupt so Biden was worse!!

[–] skvlp@lemm.ee 11 points 1 week ago

I quietly fear that fish doesn’t have a tariff plan and that they might be swimming.

[–] ChaoticEntropy@feddit.uk 11 points 1 week ago

An insane man surrounded by amoral, self-serving handlers and white supremacists.

[–] abbadon420@lemm.ee 10 points 1 week ago (2 children)

It's great to be a "radical left" these days and be allowed to openly and freely doubt the mental togetherness of the orange buffoon.

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[–] gravitas_deficiency@sh.itjust.works 8 points 1 week ago (1 children)

Lmfao I’m truly baffled that they thought he had a plan beyond “grab as much money as possible for myself”

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[–] piskertariot@lemmy.world 8 points 1 week ago (1 children)

Insane? No.

Drunk with power? Obviously.

Source: History.

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[–] wellheh@lemmy.sdf.org 7 points 1 week ago (1 children)

A callback to his healthcare reform- the man has the concepts of a plan. Somehow that doesn't deter his voters

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[–] ThePantser@sh.itjust.works 5 points 1 week ago

Mental acuity of a turnip

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