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#stablegenius

8 posts8 participants2 posts today
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@IHender

"keep his trade agreements" - right.

He could drop every tariff to 0 right now, but the damage is done. He has proven to everyone what was already known by anyone who'd actually observed the man: he does not honour agreements, breaks them the moment he thinks it gives him an advantage, and acts impulsively without thinking.

The USA is now not a credibly stable trade partner. Who's to say it wouldn't turn on a dime tomorrow?

The world is going to keep re-organizing trade around ... everyone but the USA, for the foreseeable future. Once he's gone, and a handful of consecutive US administrations have acted like stable, reasonable adults, then the world might start reconsidering the USA as a worthwhile partner.

Trump's torched the USA's goodwill everywhere. There's no un-doing that with the stroke of a pen.

#USPol#Trump#tariff

The Trump Tariffs Are How Everything Works Now - WIRED apple.news/AzlG6pFotSiGnD3qWKw “The US is barreling toward a recession for no good reason, and dragging the world—and a few thousand penguins on remote Antarctic islands—down with it.” #StableGenius

apple.newsThe Trump Tariffs Are How Everything Works Now — WIREDThe US is barreling toward a recession for no good reason, and dragging the world—and a few thousand penguins on remote Antarctic islands—down with it.

Brilliant move, #Trump #Musk. #StableGenius

"Treasury Dept & #IRS officials are predicting a decrease of more than 10% in tax receipts by the April 15 deadline compared w 2024, ...That would amount to more than $500 billion in lost federal revenue; the IRS collected $5.1 trillion last year. For context, the U.S. government spent $825 billion on the Defense" washingtonpost.com/business/20

The Washington Post · Tax revenue could drop by 10 percent amid turmoil at IRSBy Jacob Bogage