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https://www.independent.co.uk/news/world/americas/us-politics/trump-billionaire-profits-dropped-tariffs-b2731386.html
A lot of people made money off of this. It went according to plan.
Market goes up, people make money. Market goes down, people make money. I would not say that "people made money" is a litmus test for success by any means.
The DOW is still 3,000 points off its peak, the US has rattled multiple trillions of dollars in supply chains, Europe and China are closer than ever, multiple conservative parties allied with Trump internationally are getting fucked in the polls, sales of US Treasuries are hitting historic lows, domestic industry is seeing cost of doing business internationally (thanks to insurance and future contracting costs) climb, and the current administration has squandered an enormous amount of good will within the business community.
Oh, and we're not actually doing any of the protectionist measures Trump promised. We just took a bunch of hedge funds and banks for a ride. Presumably so a handful of insiders could gamble on fluctuations in day-trading.
I mean, maybe that was the plan? But it looks like a fuck up to me.
The losses in US soft power across the globe are enormous
Here's how to understand exactly how Trump thinks. Like a lot of weak people, he admires what he sees as strength. To him, 'strength' is acting like a low level Mafiosa. He's never been inside with the real Capos, so he imitates the street bosses.
Something a low-level guy loves is a 'bust out.' It's when a legitimate business is forced to partner up with the mob. The mob comes in and destroys the business by ordering all sorts of equipment. If it's a resrtaurant they order enough décor for a dozen places; then sell it off cheap to their buddies. Naturally, they leave the owners of record on the hook for the whole payment.
If Trump had been a real tough guy he'd have extorted billions out of the Saudis on Inauguration Day, 2016. But he's a schnook who only deals in penny ante crime.
Tom-A-toe, TOM-ah-toe.
Yeah, none of that shit was planned. His little "Now's a great time to buy!" message was just his way of making sure the market didn't continue to spiral downward due to his incompetence with the tariffs. Trump is simply full of bluster and pomp but there's no actual intelligence behind any of it. He's a used car salesman trying to sell his broken down policies to the people who voted for him. He's also trying to sell himself to those billionaires. Hoping for a golden parachute when this gig finally expires.
He made that post shortly before announcing the delay on implementing the tariff. That was deliberate. Probably to slightly hide the obvious insider trading he and his admin were engaged in