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No, this is the consequence of having an actual stupid person in the Oval Office and the majority party being half coerced and half committed in cultlike devotion to POTUS.
Obviously the US has economic weapons. It's the largest economy in the world.
If anything this signals that POTUS himself cannot wield those weapons though, and the American public, political, and business apparatuses have little appetite for this use of those weapons.
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You guys are surrounded by other college-educated SWE, you have no idea how bad it is out there.
People without a college degree went Trump 56-43. People with a college degree went for Harris 56-42. https://en.wikipedia.org/wiki/2024_United_States_presidentia...
Earlier quoted context omitted.
that was the plan all along
These people are evil, but also bumbling idiots, so sometimes there is no evil plan, just incompetence.
... refunded to the importer of record. Not the people the costs were passed to. Essentially turning it retroactively into a tax to private businesses. This is the worst case of all scenarios for the consumer.
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Cantor Fitzgerald, formerly led by Commerce Secretary Howard Lutnick and is now run by his son, went to various companies that were affected by tariffs and bought the rights to their potential tariff refunds for 20% of the value on the expectation that it'd be struck down by the courts. Now they stand to make huge returns of 3 to 5x for being correct on that bet, while, of course, consumers get nothing. Now if this i…
Cantor Fitzgerald, formerly led by Commerce Secretary Howard Lutnick and is now run by his son, went to various companies that were affected by tariffs and bought the rights to their potential tariff refunds for 20% of the value on the expectation that it'd be struck down by the courts. Now they stand to make huge returns of 3 to 5x for being correct on that bet, while, of course, consumers get nothing. Now if this i…
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...? No, this is the consequence of having an actual stupid person in the Oval Office and the majority party being half coerced and half committed in cultlike devotion to POTUS. Obviously the US has economic weapons. It's the largest economy in the world. If anything this signals that POTUS himself cannot wield those weapons though, and the American public, political, and business apparatuses have little appetite for…