Smartphones and computers will be exempt from Trump's steep China tariffs, the U.S. Customs and Border Protection revealed late on Friday night.
Smartphones, computers, and other electronics will be exempt from President Donald Trump’s steep China tariffs, the U.S. Customs and Border Protection revealed late on Friday night.
I think the ruling could deem it not an official act if the intent was to insider trade as facilitating inside trading isn't an official duty. But you'd need proof that was the intention.
I wonder… if your buddies went long on stock this week, do you push it just a bit higher before the next storm, so they exit?
It would be hilarious for the Truth Social early warning to be true-true-false. At some point he will do the opposite and only the closest insiders will profit.
Jesus fucking Christ. At this point I want him to go all in on tariffs and actually hold on so at least I know what's coming. The fucking indecisiveness and Randomness is literally driving me insane.
The funny thing is that it's supposed to stimulate US manufacturing. Like companies are going to invest years of time and billions of dollars building factories and moving production to the US, because of a tariff system that changes every 2 days.
Welcome to government brought to you by fascism, chaos is how they consolidate power. You create enough chaos to exhaust and scare people, blaming the chaos on a scapegoat. You then say, well I could totally get rid of all this chaos if you give me the power to do so. The courts, and the legislators are obviously not equipped to stop this mess, we just need one person with supreme power to cut through the bureaucracy.....
In short, Trump admitted defeat without admitting it. The goods that matter will be allowed to pass. China will probably also reduce something on their side.
To save face, Trump will continue to hinder trade of bamboo mats and sex toys until they work out a formal way of de-escalating.
Even when he happens to make a correct decision, the decision-making process is pure chaos.
Just think about how chaotic things were during COVID. People weren't allowed to leave their homes. Restaurants were laying off all their staff. Many tourist attractions were completely shut down. Airlines were flying empty planes around just so they didn't lose their airport slots. People switched from spending locally to buying things online, but China was also dealing with COVID, so that made manufacturing and shipping chaotic too. The ports were completely screwed, with completely full ships sitting in the port waiting weeks to unload.
Despite all that, economic uncertainty in Trump's 2nd term is twice as bad. It's literally off the charts.
Nobody can make any reasonable long-term plans because everything might change depending on the mad king's whims.
And, last time things went back to normal because this was a worldwide pandemic and there wasn't anybody to blame for it. This time, everyone knows that this is Trump's fault, and that he was elected with widespread support from the American people. I don't think things are going back to normal after this.
He destroyed the trust we had in th USA.
Europa countryand business are looking for alternatives, and sure something will go back. But fx in IT USA will lose bigtime, once turned away from Microsoft and Google, they are not going back.
There will be a steep increase in demand in China for the $5 highly integrated 2G modules that were becoming useless because of 2G phase-out, due to everything being exported to the US having one attached to be classified as a mobile phone for Tariff purposes.
There was a Biff question on Jeopardy yesterday (I think, I'm in a weird time zone), and my first thought was the response would be "what is Trum- er Biff! I mean Biff!"
First you tell the world how big your dick is, then you realize you might not be all that competitive in the dick-size arena so you start walking that shit back. Pretty soon here we'll be hearing about lil' Donny's third thumb in tariff form before he finally admits he was dickless all along and puts forth only the most token of efforts to attempt to retain some sense of dignity.
I think he's trying to play 5D-chess but has no fucking clue about what he's doing. Like when you start a new, complicated 4x-game and just click random shit to see what happens.
In bet that in his mind, these back-and-forth moves are master negotiation tactics.
He's trying to play checkers when everyone else is playing chess. Somebody walks by occasionally, snickers, and says 'You should go there, you'll definitely win if you do' because they benefit from the chaos said 'advice' produces, and goes on about their business. Tariffs were his attempt to shout 'King me!', and he's only now realizing that his own king is vulnerable.
Apple, Intel, and other execs bribed him during an overpriced dinner.
This whole tariff thing has nothing to do with the country or international relations or manufacturing or whatever.
It's just his latest personal grift. He just now has the power to say "every CEO in the world must personally give me a bribe or I'll continue doing some really stupid shit."
I would stop following the tarrif news if it wasn't the headline on everything. Is anything else going on while he's doing this? Did he overthrow the judicial system or something?
ICE is still brownshirting it up, and trump has indicated his plans to deport citizens. hug your trans, eastern european, and people of color friends now
This is the big news lol. He's put the worlds faith in the US financial system at the brink of destruction. They are slowly winding it back for huge financial gains for insider traders. When the world is tired of being scammed they will abandon us at best. Attack us at worst.
But yes inbetweem this news he is still erasing minorities from history books, arresting tesla protestors. Supreme Court voted 9-0 against his deportation, so he's still doing a constitutional crisis. He is still supported by a lame congress who can only rubber stamp his bad ideas into law. So ya the normal stuff is still in the background but we're all starting to wonder if the great depression has arrived.