• COASTER1921@lemmy.ml
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        1 day ago

        Normally Trump does what’s best for the ultra wealthy, but de-dollarization of the world economy appears to be good for nobody in the USA. I have no clue what they’re trying to do, I suspect he’s just lost it and there’s nobody left to tell him these tariffs hurt his croneys too.

        At this point I wouldn’t be surprised if we’re already too far along to save the dollar’s position globally. Globally that’s probably a good thing, but for any of us in the US it’s decidely not.

        • imrighthere@lemmy.ca
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          1 day ago

          I have no clue what they’re trying to do

          They published it online. project 2025. They straight up told you what they’re going to do. Add in pooty, whose goals align a great deal, and that’s it. How do people still not get this, they told you what they’re doing.

            • WanderingThoughts@europe.pub
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              1 day ago

              Project 2025 is split on the issue of foreign trade.[109] Mandate author Peter Navarro advocates what he calls a fair trade policy of reciprocal, higher tariffs on the European Union, China, and India, to achieve a balance of trade, though not all U.S. levies are lower than those of its major trading partners.[126] On the other hand, Mandate author Kent Lassman of the Competitive Enterprise Institute promotes a free trade policy of lowering or eliminating tariffs to cut costs for consumers, and calls for more free trade agreements.[126] He argues that Trump’s and Biden’s tariffs have undermined not just the American economy, but also the nation’s international alliances.[117]

              The first guy won apparently.

              • frezik@midwest.social
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                1 day ago

                Right, he did, but here’s my point: Project 2025 doesn’t actually come out clearly for or against tariffs. So in so far as “they wrote it all down in Project 2025 and told you exactly what they’re going to do”, that’s just not the case for tariffs. And even the guy in favor of tariffs wasn’t talking about such broad and strong tariffs all at once.

                In other words, this is Trump’s plan on his own.

                • WanderingThoughts@europe.pub
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                  1 day ago

                  Yeah, that’s just Trump. He likes to be vengeful and a bully, using tariffs like a stick to beat others info submission. But he doesn’t seem to know when enough is enough.

          • MyDogLovesMe@lemmy.world
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            1 day ago

            I think it’s more to the point to say he’s trying to destroy America, period.

            It’s what Putin has been using his puppet for this whole time.

            America falls apart, Russia gains.

        • atomicbocks@sh.itjust.works
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          1 day ago

          As confusing as it is this does still all fit into Theil’s plan to isolate the US in order to create a corpo-fascist state and bring back apartheid.

        • ☂️-@lemmy.ml
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          1 day ago

          with this move they seem to want to stop the rich from paying taxes and replace them with tariffs. the poor will end up paying them.

          he hinted at it a few times. to be clear, i think its still dumb as fuck but here it is.

        • futatorius@lemm.ee
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          23 hours ago

          I have no clue what they’re trying to do

          Treason.

          Pig Boy thinks he’s Napoleon, but he’s actually dry rot fungus.

      • danc4498@lemmy.world
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        1 day ago

        If it doesn’t, the rich will still be fine. Unlike most Americans, they can diversify outside of the US.

    • andyquest@sh.itjust.works
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      Idk, when do they buy? This shit has to go way more south before our dear great leader decides to undo the tariffs, right? And if he doesn’t undo them, when would it go back up? We’re still in a race to the bottom…

      • Boddhisatva@lemmy.world
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        1 day ago

        Knowing Trump’s irrationality, he just wants to erase all the market gains from when Biden was in office. That means he’ll keep at it until the DOW looses another 10,000 points or so.

          • grue@lemmy.world
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            1 day ago

            LOL, good luck with that.

            (Inverse ETFs, especially leveraged ones, don’t work the way you think they do. They’re not really intended or suitable for anything but day-trading.)

            • andyquest@sh.itjust.works
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              1 day ago

              U right, made up some of my losses today but I do plan to sell as soon as it looks sort of stable then I’ll just buy a long put

      • CileTheSane@lemmy.ca
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        Even if he does undo them there’s no telling when he’ll put them back in place again on a whim. Everyone abandoning the market isn’t going to come back unless Trump gets Epstein’d or Luigi’d.

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        1 day ago

        I lost a lot of money today, but I’m still up from 6 months ago.

        This is going to last a long time and the recession is when they’ll buy.

    • Chainweasel@lemmy.world
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      1 day ago

      It’s good for them when they can buy other people’s stock at fire sale prices, it’s less good for them when their own stock is reduced to fire sale prices.

    • ArbitraryValue@sh.itjust.works
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      1 day ago

      That’s not how it works. Stock prices don’t fall below the level that rich people are willing to buy them at, specifically because rich people buy them at that level.