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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[–] [email protected] 33 points 5 days ago (2 children)

What do they mean by might be

[–] [email protected] 30 points 5 days ago (15 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.

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[–] [email protected] 42 points 5 days 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.

[–] [email protected] 16 points 5 days ago (4 children)

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

[–] [email protected] 1 points 5 days ago

You can't guarantee that at all. You want it to be true because it serves your own ideas and rhetoric but in reality, you have no idea what he has, hasn't or will think about it.

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[–] [email protected] 23 points 5 days 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.

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[–] [email protected] 2 points 5 days ago (1 children)

Wait, is this the Onion… Oh, nope. This is a real life one, got it…

[–] [email protected] 1 points 5 days ago (2 children)

So if you're fooled into thinking onion article is real, you've 'ate the onion'.

What do we call it when you think a real article is clearly an Onion article?

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[–] [email protected] 80 points 5 days ago (2 children)

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

[–] [email protected] 6 points 5 days ago

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

[–] [email protected] 28 points 5 days ago (3 children)

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

[–] [email protected] 10 points 5 days ago

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

[–] [email protected] 12 points 5 days 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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[–] [email protected] 16 points 5 days ago

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

[–] [email protected] 8 points 5 days ago (1 children)

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

[–] [email protected] 1 points 5 days ago

C'mon, thats not fair! He also wanted to stay out of prison. He's a multiple objective kind of guy.

[–] [email protected] 11 points 5 days 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.

[–] [email protected] 8 points 5 days 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!!

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