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.

    • finder@lemmy.world
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      4 months ago

      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.

      • meco03211@lemmy.world
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        4 months ago

        To be fair. The message they’re receiving is that tariffs will hurt the people that deserve it. And they’re absolutely right. But while they’re suffering, so will the rest of America.

    • atzanteol@sh.itjust.works
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      4 months ago

      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.

    • Croquette@sh.itjust.works
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      4 months ago

      Because they thought it would only happen to others and they’d be fine. Guess the leopard with a rooster hat is coming to roar and eat faces.

  • Maiq@lemy.lol
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    4 months ago

    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.

      • protist@mander.xyz
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        4 months ago

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

      • Maiq@lemy.lol
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        4 months ago

        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!

  • Nougat@fedia.io
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    4 months ago

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

  • RememberTheApollo_@lemmy.world
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    4 months ago

    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
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      4 months ago

      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.

    • enkers@sh.itjust.works
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      4 months 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.

  • Rooskie91@discuss.online
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    4 months ago

    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.

  • Shirasho@lemmings.world
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    4 months 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?

  • fluxion@lemmy.world
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    4 months ago

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

  • Maggoty@lemmy.world
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    4 months ago

    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.

  • rc__buggy@sh.itjust.works
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    4 months ago

    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
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      4 months ago

      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.

      • The Quuuuuill@slrpnk.net
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        4 months 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

    • Maggoty@lemmy.world
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      4 months ago

      Nobody in the US is going to be making money when everyone else calls Trump’s bluff and slaps a 200 percent exit tariff on goods to the US.

      So a 1,000 dollar item will be 3,000 dollars when it hits US Customs and jump to 6,000 there because of Trump’s import tariffs. They can support that all day long because they just hand the money straight back to their domestic company. As far as they’re concerned they made a 3,000 dollar sale.

      You might think we could just do without and use domestic manufacturing. But not only have we fucked domestic manufacturing in so many ways, this will apply to our food imports as well. So it’s not like we can just refuse to pay.

      • Serinus@lemmy.world
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        4 months ago

        As much as the farm subsidies have been criticized, literally starving isn’t something we should have to worry much about.

        Food we can do domestically just fine, as long as you don’t care about coffee and tea. Even those I just expect we’re going to make existing grounds/leaves stretch a whole lot farther.

        I don’t think it’ll be as bad as some of Russia’s hard times, but goddamn is that a long, long way to fall.

        I’m more concerned about world politics. We’re going to cede a hell of a lot of control of the world to Russia and China. It’s likely that China claims an entire vertical slice of the Earth, standing in the way of a good chunk of world trade.

      • rc__buggy@sh.itjust.works
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        4 months ago

        Nobody in the US is going to be making money when everyone else calls Trump’s bluff

        Categorically false.

        Manufacturers will not make money. Importers will not make money.

        Owners WILL make money. Mark my words.

        • Maggoty@lemmy.world
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          4 months ago

          The owners of what? Everything in the US is going to skyrocket in price. If they’re a domestic company then their inputs are going to kill them.

  • RagingRobot@lemmy.world
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    4 months ago

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

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

      • Pistcow@lemm.ee
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        4 months ago

        No kids, 100k salary with 50k lifestyle. Got out of S&P 500 with about 100% growth since I started. Will jump back in once it crashes.

    • 100_kg_90_de_belin@feddit.it
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      4 months ago

      This is really self-centered and tone deaf. At least parasites literally can’t do anything else, you choose to be this despicable.

      • Pistcow@lemm.ee
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        4 months ago

        I mean, I’ve been on the butt end of countless crashes. If you can’t see it coming and cash in this time, maybe next time. It’s what these dumb bucks voted for.