Even if you expected some tariffs the degree and arbitrariness have exceeded almost every expectation. Charitably you could have assumed he meant he would implement tariffs in a way that makes some kind of sense, you know, warning well in advance so businesses can actually plan for them.
It’s kind of amazing the market hasn’t dropped even more now that the administration has revealed that it has no guard rails guiding Trump’s dementia fueled decisions and that he doesn’t give a fuck about wall street at all.
Yeah, Trump is a real estate guy, and I expect he has a relatively small allocation to stocks in his portfolio. So he probably doesn’t care all that much about Wall Street.
That said, he did give several warnings. He campaigned on a platform of across the board tariffs (I think he even mentioned his 10% figure), he tried doing tariffs at the start and backed off, and now he’s committing to them. So that’s several months of warning, not necessarily for the actual numbers, but for the general direction.
It absolutely is alarming though. But that’s kind of Trump’s MO, he holds his cards close, and is usually bluffing, but sometimes he actually takes action.
Even if you expected some tariffs the degree and arbitrariness have exceeded almost every expectation. Charitably you could have assumed he meant he would implement tariffs in a way that makes some kind of sense, you know, warning well in advance so businesses can actually plan for them.
It’s kind of amazing the market hasn’t dropped even more now that the administration has revealed that it has no guard rails guiding Trump’s dementia fueled decisions and that he doesn’t give a fuck about wall street at all.
Yeah, Trump is a real estate guy, and I expect he has a relatively small allocation to stocks in his portfolio. So he probably doesn’t care all that much about Wall Street.
That said, he did give several warnings. He campaigned on a platform of across the board tariffs (I think he even mentioned his 10% figure), he tried doing tariffs at the start and backed off, and now he’s committing to them. So that’s several months of warning, not necessarily for the actual numbers, but for the general direction.
It absolutely is alarming though. But that’s kind of Trump’s MO, he holds his cards close, and is usually bluffing, but sometimes he actually takes action.
Anyone charitably assuming anything of him is either a complete fool or complicit. This is exactly what they voted for, whether they admit it or not.