Donald Trump and White House officials walked back a Friday announcement that there would be tariff exemptions on imported electronics.

In a Truth Social post on Sunday, Trump directly denied the tariff exemption announcement.

“This is really mind-boggling. If this was serious industrial policy, the main thing you want is certainty: ‘Here’s the tariff, it will be in place for the indefinite future, and you should plan accordingly,’” Dean Baker, an economist at the Center for Economic and Policy Research, a left-leaning think tank, said, according to The Washington Post. “Here, it’s basically: ‘Come back next week and see what we’ve got.’ That’s no way to run an economy.”

    • DaddleDew@lemmy.world
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      6 days ago

      Every movement of the stocks can be used to make money if you know it’s coming. These guys are making hand over fist with insider trading fraud.

      • MelonYellow@lemmy.ca
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        6 days ago

        IMO he probably knows he’s gonna die soon, so this 2nd term is all about locking up money for his kids.

        • Corkyskog@sh.itjust.works
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          6 days ago

          😂 Thats actually hilarious, if the kids are getting rich it’s a by product. Trump has never cared about anyone but himself.

          • MelonYellow@lemmy.ca
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            6 days ago

            It is kind of hilarious lol I just figure what’s the point of accumulating all this wealth