Trump admin walks back tariff exemption on electronics
Trump admin walks back tariff exemption on electronics
U.S. Customs and Border Protection claimed late on Friday that imported electronics, such as smartphones, laptops and more, would be exempt from Trump’s tariffs.
Donald Trump and White House officials walked back a Friday announcement that there would be tariff exemptions on imported electronics.
In a Truth Social post on Sunday, Trump directly denied the tariff exemption announcement.
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“This is really mind-boggling. If this was serious industrial policy, the main thing you want is certainty: ‘Here’s the tariff, it will be in place for the indefinite future, and you should plan accordingly,’” Dean Baker, an economist at the Center for Economic and Policy Research, a left-leaning think tank, said, according to The Washington Post. “Here, it’s basically: ‘Come back next week and see what we’ve got.’ That’s no way to run an economy.”
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I'm not surprised that this is how the second Trump administration has started. This level of stupidity is exactly what I was expecting. What does surprise me, though, is that many tens of millions of people voted for this. Honestly, it's shaken my commitment to democracy. Maybe the people shouldn't be making important decisions.
How about education should never be touched when it comes to budgets?
I think that's a good idea, but, unfortunately, if put to a vote, I'm confident the American people would vote against it.
People are fucking stupid
How about education should never be touched when it comes to budgets?
Stupidity ≠ ignorance
They may not be the same, but they sure are closely connected.
No
takedecrease onlythrowincrease
...stupidity? 🤦♂️🤦♂️🤦♂️
They're intentionally crashing the economy so they and all their billionaire buddies can buy everything up for cheap. Everything is going literally exactly as planned.
I was one to agree with you for a time, but at this point I’m not even sure what the plan could actually be, US treasury bonds are taking a big hit because of this shit and the global economic order is shifting to exclude the US and could even endanger the dollar as the world reserve currency. That’s a change so seismic no one could even predict what it would mean for anyone. If that’s his intention then whoever came up with the plan is stupid beyond all imagining
I won’t go russian to judgement or putin the blame on anyone, but some people that love to sow chaos and take down the US do come to mind.
If that’s his intention then whoever came up with the plan is stupid beyond all imagining
Ding ding ding!
Their plan literally involves devaluing the dollar. They don't want the dollar as the global reserve currency. They have no idea how it'll all actually shake out but they're confident that they'll end up proportionately richer than everyone else. Sure the absolute amount of their wealth might decrease, but the real amount relative to the "serfs" will skyrocket.
They basically want their own little technofeudalist fiefdoms where everyone unfortunate enough to live in them is basically their property.
I think that's it, and they victimize LGBTQ+ people and immigrants because their supporters love it and it buys them time to implement their kleptocracy. Some of the Trump people are true-believer Nazis, but some of them are just greedy assholes who will throw anyone under the bus for their own gain.
this "plan" assumes recovery
The US was never a democracy to begin with. It was a government designed to benefit one very particular small but powerful minority.
It's just that now it's come out of the closet.
It's strange that it would happen now, at a point when literally every job can be automated(or will be automatable within the next 5-10 years).
Democracy is the power of the majority. Now think of how stupid the avarage person is and realize half of them is stupider than that.
Well, cutting all the education budget and expecting a good rational voting from a bunch of uneducated people is a lunacy.
Also, it is well known that democracy is not optimal, but we don't have anything better.
What surprises me is that tens of millions still think he's doing the right thing even as he makes the country look like fools.
💯 this is a if not THE shining example of why certain people should simply not be allowed to vote. It’s like the poster child for why we SHOULD have the Electoral College, but with electors who put country over party.