Trump and officials in his administration were fielding calls from worried allies, and his advisers presented him with worrying data about the bond markets.

Summary

Trump abruptly reversed his tariff policy just one week after declaring “Liberation Day,” caving to pressure from panicked GOP lawmakers, advisers, and plummeting markets.

His erratic decision-making wiped out trillions in market value and triggered a $104,000 loss in average retirement accounts.

While suspending most tariffs for 90 days, he escalated the trade war with China.

The chaos exposed deep rifts in his administration and highlighted Trump’s impulsive leadership style, driven by ego and optics rather than strategy. Critics called the episode reckless and destabilizing for the global economy.

  • givesomefucks@lemmy.worldEnglish
    133·
    23 days ago

    I don’t know why people still think this 4d chess…

    And I’m not talking about trumpets.

    The most likely reason for all this is trump is a giant fucking idiot and he’s honestly trying his best to make the stock market go up.

    This isn’t trump being a master of destroying America. This is trump trying his best.

    He saw the bounce from the fake account claiming the 90 day delay, so he did a 90 day delay.

  • Optional@lemmy.world
    21·
    23 days ago

    highlighted Trump’s impulsive leadership style, driven by ego and optics rather than strategy.

    That’s the sickest burn NBC can conjure up. SAD!