this post was submitted on 05 Mar 2025
27 points (84.6% liked)

Ask Lemmy

28871 readers
1279 users here now

A Fediverse community for open-ended, thought provoking questions


Rules: (interactive)


1) Be nice and; have funDoxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them


2) All posts must end with a '?'This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?


3) No spamPlease do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.


4) NSFW is okay, within reasonJust remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].


5) This is not a support community.
It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.


6) No US Politics.
Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online


Reminder: The terms of service apply here too.

Partnered Communities:

Tech Support

No Stupid Questions

You Should Know

Reddit

Jokes

Ask Ouija


Logo design credit goes to: tubbadu


founded 2 years ago
MODERATORS
 

There is an embedded assumption in the question that he does profit in some way from it, but based on his past behavior it's a pretty safe guess.

Most of the reporting I have seen on this talks about the impact of the different tariffs, but not the "why" behind it (beyond parroting what Trump says, which is never true). I'm particularly interested in the tariffs on Canadian goods and energy. The justification about stopping fentanyl smuggling is an obvious lie. (It isn't a real problem, and tariffs have nothing to do with drug smuggling. All but the mentally handicapped can figure that out for themselves.)

Edit: Thanks for the ideas. Causing shocks to the stock market and profiting from them sounds plausible. Using tariffs directly to extort business interests sounds even more likely.

BTW, I noticed that one of the commenters somehow changed their username after posting from "ComradeShark" (or something like that) to "Sharkfucker420" after I called him "Comrade" in my reply. I suspect that Russian influence farms didn't shut down after the election. They're still sowing discord on even niche social media platforms like Lemmy. (Also, rookie mistake on the username, brosky.)

top 19 comments
sorted by: hot top controversial new old
[–] Addv4@lemmy.world 38 points 15 hours ago (3 children)

He doesn't. But neither does the US, which increasingly seems to be the point. He's clearly playing out a Russian objective of alienating us from our allies. Don't know if it's totally Russia, or maybe China funding behind Russia, but its very bad outcome for the US.

[–] nothingcorporate@lemmy.world 2 points 9 hours ago

Let's say you were a cynical POS who didn't care about anything but enriching yourself. What if you could depress the stock market by doing a dumb thing, and get it to bounce back when you undo that dumb thing?

If you alone knew when you would undo the dumb thing, you could buy stocks low and sell them high because YOU are the one moving the market

Or he's just a Russian agent, who knows.

[–] CMLVI@lemmy.world 1 points 9 hours ago

This is what I've been sitting on for the last few days. He is trying to push us to the point that our only ally left could be Russia, by economically and politically alienating our current allies. If/when it got to that point, we'd take whatever we could get. Without us, NATO in it's current form also loses a ton of power, further making the return of the Soviet Union possible.

And yet this is like...some wild theory that can't be conceived. He's been saying for years he wants to reunify.

[–] BrianTheeBiscuiteer@lemmy.world 4 points 13 hours ago

Yup, he does what his boss says first and foremost. Every now and then Putin let's him pocket the difference.

[–] Grandwolf319@sh.itjust.works 6 points 11 hours ago* (last edited 11 hours ago)

So tariffs go on consumer goods, so it’s like a consumer goods tax.

He has said before that he likes the idea of pre income tax America where tariffs paid for a small government.

Well, when you decrease income tax in favor of consumption tax, lower income folks tend to contribute more in that situation than rich people given how they spend most of their money on shit they need.

So it’s a wealth transfer, kind of boring once you realize their plan comes down to: more money for the rich, like, every single time…

[–] vowedaloha@lemmy.ca 11 points 13 hours ago

It starts with across the board tariffs, then an industry goes to him and says this hurts us, so here is a donation to one of your PACs, or we'll buy some of your crypto coin and you give us an exemption. And lo and behold a reason is found to not have a tariff on that product or just for that company.

[–] sbv@sh.itjust.works 3 points 9 hours ago

It's about growing US industry. Peter Navarro, one of Trump's economic advisors, apparently really likes the idea.

There's a more accessible podcast that has an interview on the Hatchet.

[–] Rhynoplaz@lemmy.world 20 points 15 hours ago (2 children)

I think the idea is that if it's more expensive to buy things from other countries, then we will buy more American goods, which will help American business owners, and increased demand will create more American factories and jobs.

Of course, if we can't afford American products now, we're just losing the only option we can afford, so instead of buying more American stuff, we just buy less of everything. Those companies won't start building US factories without a increase in sales, so they'll just start cutting corners, and firing staff to reduce their costs.

That crowd runs on "common sense" which means, if it sounds good without thinking about any of the details, then there's no reason to stop it.

[–] stoly@lemmy.world 2 points 12 hours ago (1 children)

Presuming that the effect is as you say--that it could encourage domestic production, the real issue is how quickly it can take a supply chain to spin up. Remember that it really did take about 2 years for things to start up fully after lockdown, and that was when factories and such were already in existence. To do that here would easily take a decade presuming that there was sufficient investment.

[–] Rhynoplaz@lemmy.world 3 points 10 hours ago

You're completely right. I'm just telling you the pitch, I'm not telling you to buy it.

Interesting thought - and consistent with the way he usually fails to consider the consequences of his actions (unless they apply directly to his interests).

[–] IonAddis@lemmy.world 2 points 9 hours ago

Trump is an abuser. (He has a long history spanning decades of fucking people over.) If you look at human nature on a small scale, in domestic violence situations usually the abuser will first isolate the person they are abusing from any allies that may help them or go to their aid. On a small scale, this would be things like siblings, parents, friends, and such of the person the abuser is abusing. On a larger scale, it means breaking longstanding international alliances.

Since Putin wants to break America, he's giving Trump instructions to isolate America from its allies, just like an abuser will drive away any friends or aid from the person they are abusing, because when someone is isolated (whether an individual or country), they are easier to control and abuse.

Trump probably gets PERSONAL benefit of staying out of jail/not being thrown out a window by Russians by complying, so he does what he's told. Musk is likely a Russian asset too (I suspect he got into deep financial trouble when he was forced by US regulators to buy Twitter, and that's when Russia swooped in, but he might have been compromised earlier too.) Musk, not suffering from the dementia that Trump currently seems to be having, is Trump's handler. That's why he's always around now to make sure Trump doesn't forget to stick to the script.

So from a "what benefit to tariffs" is there perspective, what's happening is that geopolitically the US is under intense attacks from enemies to the US that are purposefully attacking things that make America strong and killing them so that it is easier to shove the final knife in. It's the same pattern that happens in domestic violence situations, just written much larger.

Others smarter than me have pointed out Putin probably wants the USA to have a breakdown like the fall of the USSR, and is directing things so that this happens.

[–] CompactFlax@discuss.tchncs.de 3 points 11 hours ago

So far, there’s been a good bit of money to be made in timing the stock market to announcements. But I’m sure no American politician would be involved with insider trading.

[–] zxqwas@lemmy.world 6 points 13 hours ago

General consensus is that he is ego driven. He wants to be seen as someone who gets good deals, he even wrote a book on it, and he was talking about tariffs during the election. Either he gets a good deal negotiated with Canada or he fulfills campaign promises. I don't think he cares which.

[–] sharkfucker420@lemmy.ml 11 points 15 hours ago* (last edited 15 hours ago) (2 children)

The long term goal is rebuilding US industry. We have been a finance/usury economy for a very long time and it is starting to become unsustainable. By forcing American consumers to buy American products Trump creates a greater incentive for manufacture with the goal of building a more self-sufficient economy. Think vertical integration but on a nationwide scale. Trump and the capitalists he represents don't care about drug smuggling or hurting the Canadian economy, they intend to re-industrialize and that means protectionism.

I will note that it isn't unlikely that they do want to hurt the Canadian economy specifically so that it is easier to invade at a later point (because global warming will limit American resources) but this is secondary to re-industrialization.

[–] DelightfullyDivisive@discuss.online 4 points 15 hours ago (1 children)

I doubt that he cares about rebuilding US industry, Comrade. The idea of invading Canada sounds plausible, but it isn't necessary for a successful invasion by the US military if he were to actually order that.

[–] sharkfucker420@lemmy.ml -1 points 14 hours ago* (last edited 14 hours ago)

It could also be the US recognizing that it needs to decrease its sphere of influence in order to strengthen it. Perhaps focusing its imperialism on the Americas as global hegemony becomes unsustainable. These are the only conclusions I can come to without giving in to conspiracy.

[–] stoly@lemmy.world 1 points 11 hours ago

The long term goal is rebuilding US industry.

I think it's more fundamental than that. Little 8 year old Donald Trump walked up and down Manhattan with his father staring up at giant oil and steel buildings and thought to himself that THAT was success. It's not really about the industry, it's about being so wildly successful that you can put up buildings like that.

We've moved well past that economy but Trump is still stuck in the early 1950s.

[–] Sergio@slrpnk.net 6 points 14 hours ago

Trump supporters feel insecure about the world. By bullying someone, they feel better.

That's why they never turn against Trump when the policies inevitably backfire. It just makes them feel more insecure, and therefore even better about bullying someone. And there are plenty of us to bully.