🎼🎶TACO, TACO Don! I don't wanna be a TACO Don!🎹🎵
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The market reaction is calm for now. It might not stay that way.
I am fairly certain that if Taco Don does or does not do anything by the 1st it is going to hurt the markets.
I’m amazed by the number of “very serious people” I’ve met in the corporate finance world who think this man is not an idiot. It’s like a movie where aliens take over people’s bodies and I’m starting to identify them one by one. I’m talking about well educated people. It has really taken me aback.
Ideology will always trump education. That's just how human brains work.
None of them believe that crap
Turnip is a convenient scapegoat .... the US government has literary been bought and sold ... they placed a mascot on the driver's seat while all the rich, wealthy and corporate owners in the background can do whatever they want and make tons of money while bankrupting the country ... they don't care if the country loses, they'll be making billions for themselves
And when it's all over, the rich and wealthy owners will walk away into the shadows and let the world blame everything on the orange turd.
They graduated from one of Canada’s top business schools.
The plan? Negotiate 90 trade deals in 90 days.
Some "smart" people are very religious and don't use a stove on the magic day to get to heaven.
In this case I think it’s more of a “the last economic crisis didn’t effect me so I’ll be fine or even profit if it happens again” situation. I get the sense that some of them even hope it’ll happen again to put the dregs back in their place. They don’t seem to be willing to acknowledge anything going on at a global scale to isolate the contagion of the United States economic and foreign policies. They can’t acknowledge the conventional agreed function of something as rudimentary as trade deficits, or the predictable outcomes of applying scattershot tariffs. They are totally delusional and I know they were taught this stuff in college even if they’re just PEG bros or lenders. It’s really fucking scary magical thinking that ignores some glaring lessons of history.
The rest of the world has all the cards... Shit, they got the whole deck at this point.
The rest of the world is playing Hold ‘Em, and I suspect this is what trump is actually playing:

Don't be crazy. That's way to advanced.

"Person, woman, man, camera, TV."

I suspect that the concept of "sorry" is quite literally too complicated for him.
Like really, does anyone think Donald Trump has ever once apologized with any amount of honesty? That arrogant pile of pride and nonsense could not possibly have experienced a single moment of honest self-reflection.
At this point the Trump admin is just trying to find the best way to back down without looking weak. They don't really have a plan to do so, they're just hoping some other shit storm takes center stage.
In the case of Australia, our government decided that it's not worth trying to secure a deal for a number of reasons:
- the whole world is in the same situation, and our tariffs are less than others, so others can do the heavy lifting
- we're not really adversely effected. We don't sell heaps of things to the US and they need to keep buying the stuff that we do sell.
- you can't really make a deal with someone who will discard the deal as soon as it becomes beneficial to do so.
- whatever concessions we might offer are better used in other negotiations.
- China is presently wooing us and we're more desirable since we've curtailed our long standing romance with the US.
The rubric is going to be similar for other countries.
If nobody bends over for Trump he will end up fucking himself.
Yes, but don't count on it, countries are stupid and selfish.
Yeah but, a few or even a bunch of other countries "doing deals" won't really change the calculus for us. It would really take most countries really grovelling to change the dynamic.
Let's not forget, the status quo pre-Trump was the best everyone could achieve for everyone involved.
Everyone hates capitalism and that's fine, there are many worthy criticisms but one benefit is it's ability to find the most profitable balance (for those with the capital). Arbitrary rules (tariffs) are always going to be a net loss.
What I mean is, there's not much incentive for anyone to make a deal because the situation will always be worse for them than it was pre-Trump.
I bet the 9 countries that have made a deal, wish they hadn't.
Honestly, they should just reneg. Fuck it, it's Trump Admin America. You can't trust them for shit.
people need to learn that the way you deal with bullies is everyone stands together and say fuck off with that shit
if you capitulate, you get bullied some more
I'd laugh if all 9 were to just reverse on that. Why shouldn't they?
Taco is not to be trusted and constantly reverses himself...why is everyone else expected to be playing fair, while he gets to do whatever the hell he wants?
The world has moved on .... and they're all just letting the Taco Tot to play by himself in his play pen and let America deal with him.
Hey America! ... have fun baby sitting
Trump posted on Truth Social, "As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted. Thank you for your attention to this matter!"
Cue trump threatening the rest of the world with nukes because his feelings are hurt
Art of the deal is actually making the deal, not sealing the deal. And he's made a lot of deals! None of them good, most of them never sealed!
Do it, drive that damn dollar down. I've got almost all of my holdings offshore by now.
You know if they had just focused on problem countries with unfair labour laws I bet they could have achieved something
But when they go after everyone at the same time it becomes obvious that all you have to do is say no and wait for the American corporate machine to eat this administration alive.
That's the game everyone is playing. Just stall and run out the clock. There's no point in working on a deal, because he'll break it the moment it's convenient.
Put up a show of negotiating with the US, and work more with other countries. The public in the US seems to forget that the rest of the world are not NPCs in their own internal struggle.
Ok, yes, sure... but - and stay with me here - what should you do if you're the single most incompetent and confident person on the planet, surrounded by morons you chose solely because they would agree and amplify everything you say? What then, Mr. Smart G- I mean, Pancake?
Aside from all of them being aggravating, the ones that truly infuriate me are the ones like he's using against Brazil... Mother fucker already corrupted the "justice" system in the US, now he's using economic terrorism to corrupt the justice systems of other fucking countries.
I can't wait to be able to piss on his grave.
On the plus side his English is great. I wonder where he learned to speak it.
This dude can't even stand up to other country's saying no and he's supposed to be the grand fascist leader??
This really is a pathetic ideology.


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