No. of Recommendations: 12
Wall Street rallies after incompetent, senile, sociopath changes his mind for the 50th time!...
"It’s been completely insane," said Michael Strain, an economist at the American Enterprise Institute, a center-right think tank, of Trump’s tariff policies.
When I step back from the euphoria over easing tariffs with China, what I see is the tariff rate is five times as high as when Trump took office. And we seem to have gotten nothing out of it at all."
"Since the inauguration on Jan. 20, Trump administration officials have announced new or revised tariff policies more than 50 times,
according to a tally by The Washington Post. (A separate tally by Reed Smith, a law firm, has found about 55 such actions.)"
"Some of his plans have been strikingly short-lived: More than a half-dozen of the president’s tariff announcements, such as duties on dairy imports and Colombian trade, didn’t last more than a week before they were altered. Some didn’t last a day."
"Even after easing economic hostilities with China, Trump has raised the average U.S. tariff rate from 2.5% to 18% — the highest level since the Smoot-Hawley tariff rate of the 1930s that most economists think exacerbated the Great Depression."
"We saw Trump polling underwater for the first time on the economy. It hits at something core to his DNA — the economy and business. That made these tariffs difficult for him to maintain."
Note: Trump’s tariff policy is a regressive tax: it disproportionately burdens lower-income Americans (MAGAS), raising the cost of living for those least able to absorb it.
Now many Americans are left wondering if this means they can have more than 3 dolls or not.
https://www.washingtonpost.com/business/2025/05/14...https://en.wikipedia.org/wiki/Tariffs_in_the_secon...https://www.bbc.com/news/articles/cn93e12rypgo 