Opinion
Trump was playing chicken with tariffs. Then he chickened out

In a second term of fiat, flubbing and flip-flopping, Trump pursued
his desire to wield a club over everyone and everything

By imposing punitively high tariffs, Donald Trump was playing a
high-stakes game of chicken with the US's trading partners - but it
was Trump who chickened out and suspended his tariffs just hours after
they took effect. The president couldn't ignore the worldwide economic
havoc that he had caused singled-handedly - stock markets were
plunging, business executives were panicking and consumers were
seething.

Eager to persuade manufacturers to build new plants in the US, Trump
said on Monday that many of his tariffs would be permanent. But for
Trump, permanent evidently meant two days.

https://www.theguardian.com/commentisfree/2025/apr/11/trump-tariffs

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On Fri, 11 Apr 2025 15:24:34 -0500
JAB <[email protected]d> wrote:

Opinion
Trump was playing chicken with tariffs. Then he chickened out

Ha, he just ate major shit publicly. China is busy walking all over him.

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On Fri, 11 Apr 2025 21:25:57 -0600, Retrograde
<[email protected]d> wrote:

Opinion
Trump was playing chicken with tariffs. Then he chickened out

Ha, he just ate major shit publicly. China is busy walking all over him.

He's gambling when he doesn't "have the cards"
=============

On another note, when he says this below, this screws US's export
market, which is counterproductive to his tariff game.

JUST IN: President Trump says the US dollar value will go "way
up...stronger than ever."

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On Sat, 12 Apr 2025 08:29:57 -0500, JAB <[email protected]d> wrote:

JUST IN: President Trump says the US dollar value will go "way
up...stronger than ever."

"For example, economic theory and history both say that the imposition
of tariffs normally leads to a stronger currency unless other
countries retaliate. During his confirmation hearing Scott Bessent,
the incoming Treasury secretary, argued that a 10 percent tariff would
lead to something like a 4 percent rise in the dollar. But not this
time. Instead of going up, the dollar has plunged."

Paul Krugman

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On Sat, 12 Apr 2025 12:00:11 -0500
JAB <[email protected]d> wrote:

On Sat, 12 Apr 2025 08:29:57 -0500, JAB <[email protected]d> wrote:

JUST IN: President Trump says the US dollar value will go "way >up...stronger than ever."

"For example, economic theory and history both say that the imposition
of tariffs normally leads to a stronger currency

unless other countries retaliate.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

During his confirmation hearing Scott Bessent,
the incoming Treasury secretary, argued that a 10 percent tariff would
lead to something like a 4 percent rise in the dollar. But not this
time. Instead of going up, the dollar has plunged."

Well then, here we are. Mess with the bull, get the horns. In my
experience, even people who know very little about trade and
macroeconomics were able to correctly predict that other countries
would do the same to American products. This is easy stuff.

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On Sat, 12 Apr 2025 17:00:06 -0600, Retrograde
<[email protected]d> wrote:

even people who know very little about trade and
macroeconomics were able to correctly predict that other countries
would do the same to American products.

Follow his meme coin, and what he charges for dinners in Florida.

It may be more about, MakeTrump Rich Again, or Make Today Ridiculously
Awesome for him.

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