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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[–] WhatsHerBucket@lemmy.world 347 points 1 week ago (7 children)

How the actual fuck are people “blindsided” by this?

[–] Chozo@fedia.io 171 points 1 week ago

Maybe the leopards started with the eyes.

[–] atzanteol@sh.itjust.works 116 points 1 week ago (4 children)

You ever talk to c-level execs? Many of them simply aren't smart. They're just very aggressive and confident which gives the appearance of intelligence.

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[–] can@sh.itjust.works 68 points 1 week ago

CEOs aren't the brightest.

[–] finder585@lemmy.world 40 points 1 week ago (1 children)

Because folks do their 5 minute research by reading conservative mainstream news outlets and safe space enclaves that Tariffs are good.

Talking points to the contrary are not allowed, so they get to find out the hard way.

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[–] Maiq@lemy.lol 172 points 1 week ago (1 children)

He's a Russian asset, what do they think he is going to do anything that's in the US's best interest? He's here to burn it to the ground and line his pockets with what's not ashes.

Honestly at this point I don't know how anyone can't see the obvious.

[–] BaroqueInMind@lemmy.one 31 points 1 week ago (3 children)

What can we do besides impotently complain about this on the internet?

[–] protist@mander.xyz 25 points 1 week ago

Build connections in your local community. Organize and elect your candidates at the local level

[–] Maiq@lemy.lol 25 points 1 week ago (14 children)

With all the anger about the dead CEO lately and rightfully angry people in glee over the violence, I truly think we could accomplish more with a general strike. Crash the fake economy built on fraud. If wall street looses billions a day in their fictional numbers they throw around we would show them real power. This would accomplish more than any dead CEO ever could.

Saw a post where the Trump administration is eyeing pulling FDIC from our banks! They already plan on crashing the economy. Stealing all your money, and making the US in Russia's image.

https://www.reuters.com/markets/us/trump-advisers-reported-plan-ease-banking-oversight-may-not-get-required-support-2024-12-13/

If we beat them to the punch we might still have our bank account money at least while their fictional money evaporates into thin air.

One thing the real rich people won't stand for is their money vanishing. If we hold out long enough the real wealthy will likely turn on him, hell he might fall out a window!

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[–] RememberTheApollo_@lemmy.world 119 points 1 week 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 1 week ago* (last edited 1 week 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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[–] Shirasho@lemmings.world 72 points 1 week 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?

[–] Nougat@fedia.io 68 points 1 week ago (1 children)

Maybe your dumb asses should have been railing against this a long fucking time ago.

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[–] Rooskie91@discuss.online 68 points 1 week 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 1 week 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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[–] 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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[–] WoodScientist@lemmy.world 63 points 1 week ago

The German corporate elite thought they could control the last guy as well...

[–] MrScottyTay@sh.itjust.works 59 points 1 week 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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[–] fluxion@lemmy.world 46 points 1 week ago

You let the fox in the henhouse. Why would he listen? He's not planning to win over hearts and minds

[–] RagingRobot@lemmy.world 42 points 1 week ago* (last edited 1 week 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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[–] rc__buggy@sh.itjust.works 38 points 1 week ago (9 children)

Well shit. I hoped it was just bluster, but if he's serious it makes a lot of sense.

The 0.1% gain wealth whenever economies crash. He is obviously going to try to crash the world economy so fat cats can buy assets for pennies on the dollar, including entire developing nations. Then the fed prints a gazillion dollars and bails it all out.

Greedy pigs get fatter, the rest of us get leaner.

[–] Kichae@lemmy.ca 27 points 1 week ago (2 children)

I hoped it was just bluster

You understand he was president before, right? And that he did this before? Like, he's a totally known quantity, and he's going back to where he was in 2019.

[–] Quill7513@slrpnk.net 25 points 1 week ago

this dude killed 300,000 americans and people are somehow surprised that he's unbothered by the prospect of killing untold vast swaths of people now that it's been demonstrated that he will never be held accountable for his actions

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