LOL… was just going to post this…. Trump admin once again says they likely delay ALL tariffs on Canada and Mexico… This is a new level of stupidity we are watching, absolutely clueless on how to govern.
Love to evaporate stock prices, panic and then say "nevermind" (until next month when we repeat) - bold leadership
Trump wants to dominate the media. That requires the frequent changing of his--let's go with "mind,"-- to create the necessary turbulence. He jerks everyone's chain because he can, and it amuses and emboldens him to ever new heights of idiocy.
Yesterday Trump announced that he was deferring tariffs on autos and auto parts from Canada until April. Today he announced that he would be deferring the implementation of tariffs on almost all imports from Mexico. Trump grants one-month exemption for US automakers from new tariffs on imports from Mexico, Canada Trump pauses most Mexico tariffs, again
Can you imagine a CEO of a major company running their company this way? Repeatedly making major decisions and then rescinding those decisions one day later?
So the entire auto industry has 3 weeks create brand-new interconnected parts distribution networks with... who exactly? Where? What? And most importantly: Why?
Trump is a stable genius playing 4-dimensional chess so complex that it's beyond the understanding of us ordinary mortals.
I'm sorry to quibble, but this is at least in the sixth dimension, but they are trying to see if they need a seventh or eighth dimension to explain it right now.
Trump is ignorant of the business impacts, too narcissistic to listen to experts until it blows up, and then acts irrational.
Most layoffs nationally in the first two months since 2009. And that year went awesome. Layoff announcements soar to the highest since 2020 as DOGE slashes federal staff
Trump rescinding tariffs he'd just enacted didn't work this time. Market continued to crater with S&P down about 2% for the day. I'm so glad I got out of stocks before that incompetent fool took office.
Markets are hating the uncertainty as much as the tariffs. When you can’t plan accurately, you have to plan for the worst. And tariffs being thrown up on a few days notice, taken down, put back up, they just have to assume they will be there again at some point and will be an expense or supply chain issue. And it’s not like you can move your entire supply chain in the days notice before the announcement, so the only other option is to cut costs under threat of lost business. It’s gonna get worse before it gets better as the costs hit the broader economy.
