this post was submitted on 16 Dec 2024
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Summary

U.S. CEOs and business executives are alarmed as Donald Trump remains firm on imposing high tariffs on U.S. allies, despite warnings from economists about potential economic harm.

According to the Wall Street Journal, Trump’s late-night social media announcements have blindsided both his advisers and business leaders, leaving them scrambling to react.

While Trump consults some advisers, like Marco Rubio and Treasury pick Scott Bessent, his unilateral approach limits their influence.

The uncertainty has left business leaders struggling to find ways to alter his stance on trade policies.

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[–] RememberTheApollo_@lemmy.world 119 points 6 days ago (2 children)

They thought they’d vote anti-tax first, then pushover trump on the tariffs when they had the time. Looks like they were wrong.

More faces being eaten.

[–] ThePowerOfGeek@lemmy.world 55 points 6 days ago* (last edited 6 days ago) (1 children)

If this was his first go-around I could see some rationale to that idea. But holy shit, has there been a case of collective amnesia among business 'leaders'?!!

They knew exactly what they were getting. Because we've seen all this before. Usually this is the definition of madness. But in this case it should be the definition of stupidity.

This same surprised Pikachu shit is going to happen over and over and over again over the next 4+ years. Even right now, the media keep assuming what he says is what he will do. And I have no idea why. He demonstrated in his first term that at least half of what he promises he either backtracks on he doesn't follow through on. Why they think things will be different this time is beyond me.

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[–] Enkers@sh.itjust.works 25 points 6 days ago

The one singular upside of Cheeto 2.0 is that I'll get to enjoy some guilty schadenfreude as the face eating leopard starts eating the faces of the party-for-face-eating-leopards.

[–] Furbag@lemmy.world 53 points 6 days ago (4 children)

I hope he ruins all of them. Every last one.

You had four whole years of Trump to realize he never jokes around, he doesn't bluff, and he's never going to pivot, change directions, or admit he made a mistake. He means what he says and there is no nuance or subtext.

[–] ameancow@lemmy.world 21 points 6 days ago* (last edited 6 days ago) (1 children)

He means what he says and there is no nuance or subtext.

Well, there is a sort of nuance here.

In that he's also terrible at doing literally anything, and fails constantly at achieving promises.

He also has so many plots and schemes cooking at any given moment with so many other people and organizations that you absolutely cannot trust or predict any outcome. This is the real thing that nobody learned about Trump is that he is completely unpredictable because he can't be honest about the color of the sky if asked.

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[–] buttfarts@lemy.lol 17 points 6 days ago

My only solace is that Trump kills everything he touches and betrays everyone who is loyal to him.

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[–] Absaroka@lemmy.world 57 points 6 days ago (8 children)

Might be a bit of a contrarian take, but at this point I think Trump needs to have a gigantic fuck up to drive people to the streets in anger, South Korea style. One of those 'we need our medicine before we can get better' moments.

For some reason tens of millions of people buy his "'I'm the greatest - only I can save you - they're evil and stupid" rhetoric.

So it's going to take a truly epic fuck up that he can't bullshit his way out of - and that the media can't ignore - for people to finally see that him and his cronies are all gigantic pieces of shit.

[–] limelight79@lemm.ee 50 points 6 days ago (3 children)

He did have a gigantic fuck up. He fucked up the response to covid-19. Badly. And how much did his fuck up make the situation worse in the rest of the world?

74 million people still voted for him in 2020. During and immediately AFTER that fuck up.

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[–] Brown5500@sh.itjust.works 27 points 6 days ago

January 6th has entered the chat...and quietly left unnoticed.

[–] bitjunkie@lemmy.world 19 points 6 days ago

His entire first administration was a series of such fuckups. I am not hopeful that consequences (for him) are ever coming.

[–] ipkpjersi@lemmy.ml 18 points 6 days ago

I don't think that's possible, unfortunately. I'm pretty sure he knows he can get away with anything, and his stupid fans will still gladly follow him. He will put the blame on someone else, every time, and they will believe him, every time.

[–] Snapz@lemmy.world 13 points 6 days ago (1 children)

South Korea wasn't in a cult for that leader AND what he asked for was essentially what... Something that equated to the build up to January 6th, without even a January 6th style failed coup attempt to show for it.

No, they did what we should have. We failed.

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[–] eugenevdebs@lemmy.dbzer0.com 36 points 6 days ago

"Stupid CEOs are left dumbfounded when a greedy selfish narcissist who only listens to those who pay him the most is a greedy selfist narcissist."

I know CEOs are never the smartest people, but Jesus Christ. Milk spoiling in the summer heat is less obvious.

[–] yarr@feddit.nl 44 points 6 days ago (4 children)

Wait, what CEO is surprised that Trump won't look at data and make decisions on that? Anyone this foolish should have their stock shorted.

[–] CileTheSane@lemmy.ca 16 points 6 days ago* (last edited 6 days ago) (1 children)

"we thought we could control the face eating leopard."

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[–] MrScottyTay@sh.itjust.works 59 points 6 days ago (4 children)

Looks like Americans are about to go through their version of brexit. Good luck, it's going to be rough.

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[–] Shirasho@lemmings.world 72 points 6 days ago

This guy has tanked all of his previous enterprises due to his poor decision making and lack of knowledge. What in their right minds made them think this would be any different?

[–] FlyingSquid@lemmy.world 51 points 6 days ago (1 children)

Did you only now notice that he only cares about himself?

[–] Diplomjodler3@lemmy.world 36 points 6 days ago (2 children)

And he's mind-bogglingly stupid on top of that.

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[–] Rooskie91@discuss.online 68 points 6 days ago (1 children)

Anyone else feel like the goal IS inflation?? I feel like they're trying to contrstruct a Weimar Republic situation with this to push people further right. I hope I'm wrong, but this feels like they're really trying to come up with an excuse to kill a lot of people.

[–] obviouspornalt@lemmynsfw.com 30 points 6 days ago (4 children)

My belief is that inflation benefits trump personally since it devalues the mortgage debt on his real estate holdings, while increasing the nominal value of those properties.

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[–] samus12345@lemm.ee 33 points 6 days ago

Trump’s late-night social media announcements have blindsided both his advisers and business leaders, leaving them scrambling to react.

He said he was going to do this long ago, dipshits. "Seriously, but not literally?"

[–] Maggoty@lemmy.world 63 points 1 week ago* (last edited 1 week ago) (1 children)

Didn't he literally campaign on these tariffs?

Where were these titans of industry in October?

Link

Yup. This is not a new thing. If these guys had lined up to say this at a microphone during the campaign it could have had an impact. But no, they thought they could just control him after the fact. After having seen how uncontrollable he was during his first term. This is what happens when you equate wealth with intelligence. You get dumbasses who think they're playing 5d chess.

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[–] rayyy@lemmy.world 42 points 6 days ago (3 children)

All part of Putin's plan. He probably gave him the advice on tariffs.

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[–] shasta@lemm.ee 30 points 6 days ago

unilateral

authoritarian*

FTFY

[–] john89@lemmy.ca 31 points 6 days ago (3 children)

Just increase taxes on the wealthy...

All tariffs will do is put the additional costs onto the working class.

[–] chiliedogg@lemmy.world 15 points 6 days ago

Working as intended.

[–] dan@upvote.au 14 points 6 days ago

I'd be happy paying higher taxes if they went towards things that benefit the community, like universal health care, improving quality of public education, etc.

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[–] RagingRobot@lemmy.world 42 points 6 days ago* (last edited 6 days ago) (5 children)

He has already shown them what he wants them to do.

Just donate $1 million to him and he will help your business

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[–] HawlSera@lemm.ee 16 points 6 days ago (2 children)

Can someone explain why no one takes Trump at his word?

[–] Anti_Iridium@lemmy.world 13 points 6 days ago

From what I understand, is that his supporters know he lies, but they believe he is telling the truth about X, which is whatever his supporters think is the most important.

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[–] PugJesus@lemmy.world 19 points 6 days ago

Leopards, faces, etc.

[–] werefreeatlast@lemmy.world 23 points 6 days ago (2 children)

After the great depression, tariffs were implemented and failed to do anything other than fuck over the American people.

The event that finally ended the Great Depression was the United States' entry into World War II, which significantly boosted the economy through increased demand for war materials and created millions of jobs in defense industries. While President Roosevelt's "New Deal" programs aimed to alleviate the Depression, they did not fully end it. The massive production needs of World War II essentially pulled the US out of the Depression. The government spending on war materials created a significant economic stimulus.

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[–] cultsuperstar@lemmy.world 15 points 6 days ago

What are they expecting, exactly? Even Musk was saying a day before the election that Trump was going to tank the economy. I'm sure Trump will just say "things are going to get worse before they get better, but believe you me when they get better, you're all going to be filthy rich!" The typical Trump supporter will assume he's talking to them, but he'll only be talking to those who are already filthy rich.

[–] Sasha@lemmy.blahaj.zone 24 points 6 days ago

I'm going to laugh so hard if Trump has an "apparent suicide" and at least one cop says it's not suspicious, if they can do it to whistleblowers who risk their profits, surely this qualifies?

Not saying it's likely, just that I absolutely will laugh, probably for days.

This is literally the most predictable outcome.

[–] GhiLA@sh.itjust.works 17 points 6 days ago (1 children)
[–] Wogi@lemmy.world 23 points 6 days ago (6 children)

I'm just going to point out that the ultimate victims of this idiocy are the working class.

The wealthy will still be wealthy regardless

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[–] nul42@lemmy.ca 7 points 5 days ago

Have they tried calling the CEO crises hotline?

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