this post was submitted on 09 Apr 2025
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politics

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Summary

Donald Trump abruptly reversed his tariff policy Wednesday, announcing a return to a 10% baseline tariff on most countries and a steep 125% rate on China.

His administration appeared blindsided, with Treasury Secretary Scott Bessent unable to explain the move and press secretary Karoline Leavitt resorting to combative rhetoric.

The shift likely responds to mounting criticism from conservative allies and market instability marked by a debt sell-off.

Despite confusion and lack of clarity, officials tried to play up Trump’s unpredictability as strategic leverage rather than a sign of disarray.

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[–] [email protected] 164 points 4 days ago (3 children)

Calling it now, insider trading (If that wasnt obvious already, look at the market 30 min. before the announcment)

[–] [email protected] 134 points 4 days ago* (last edited 4 days ago) (5 children)

It couldn't be any more blatant. Trump himself blasted out the insider trading info 3hrs before announcing the tariff reversal:

3hr later:

[–] [email protected] 63 points 4 days ago (1 children)

Good thing the Supreme Court decided that it's an official act which is totally cool and legal.

[–] [email protected] 50 points 4 days ago* (last edited 4 days ago) (1 children)

100%. It's been obvious from the start. This is probably the top secret part of project 2025 that is alluded to exist, but hasn't been documented anywhere.

4 years of these pump and dumps will kill off most small businesses, while enabling the nazi party and preferred oligarchs (including Putin) to consolidate and own the lions share of the market; stealing trillions from global investors and retirement funds, and attaining voting rights to control most corporations. DOGE's purpose was to eliminate and disrupt every institutions ability to document and enforce these crimes.

[–] [email protected] 1 points 3 days ago

Agreed that it's insider trading.

But how will this contribute to monopolization of the corporate sector and harm small/medium businesses? Why would all of this increase their corporate control of other large corporations?

I'm not saying that isn't their goal, because it clearly is. But I don't see how pump and dumps necessarily help them achieve that. Especially now that everyone with a brain knows this is what they're going to keep doing

[–] [email protected] 5 points 3 days ago (1 children)

These Countries have not retaliated in any way

They very much have. China has just become a convenient "out group" for Trump to demonize.

[–] [email protected] 4 points 3 days ago (1 children)

The response will take a long time to come into focus, but make no mistake, this incident will do long-term damage to America's standing in the world. No other country trusts us about anything any more.

Many in our country are stupid enough to delude themselves about HitlerPig, but foreign governments aren't buying it one bit. They have intelligence agencies, too, and they know that he is not only an unrepentant and even enthusiastic traitor to his own country, he is a traitor to the entire Democratic Free World.

The worse he gets, the less the rest of the world will want to work with our government in any way. Eventually, we are likely to get hit with crippling international sanctions.

But he'll be using all of it to enrich himself and his friends, so he won't care at all.

[–] [email protected] 2 points 3 days ago

Of course. He didn't even say he's cancelling the tariffs, this is a "pause", so other countries are still going to continue with their plans to make alternative trade agreements outside of the US.

[–] [email protected] 1 points 3 days ago

"The economy, it's me"

[–] [email protected] 14 points 4 days ago (2 children)

Someone else in my life mentioned this! I’ll need to take a look.

[–] [email protected] 4 points 4 days ago

It's definitely happening. I think they seeded the last time it was rumoured too.