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[–] 10 points 1 year ago (1 child)

🎼🎶TACO, TACO Don! I don't wanna be a TACO Don!🎹🎵

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  • it's almost as if trump is an idiot

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  • [–] 3 points 1 year ago (1 child)

    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.

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  • 39 comments in c/news@lemmy.world view that post
    [–] 92 points 1 year ago
    [–] 53 points 1 year ago (6 children)

    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.

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  • [–] 9 points 1 year ago (1 child)

    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.

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  • [–] 15 points 1 year ago (1 child)

    Some "smart" people are very religious and don't use a stove on the magic day to get to heaven.

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  • [–] 6 points 1 year ago

    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.

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  • [–] 49 points 1 year ago (8 children)

    The rest of the world has all the cards... Shit, they got the whole deck at this point.

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  • [–] 23 points 1 year ago (6 children)

    The rest of the world is playing Hold ‘Em, and I suspect this is what trump is actually playing:

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  • [–] 19 points 1 year ago (4 children)

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

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  • [–] 15 points 1 year ago* (1 child)

    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.

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  • [–] 84 points 1 year ago (2 children)

    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.

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  • [–] 18 points 1 year ago (1 child)

    Yes, but don't count on it, countries are stupid and selfish.

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  • [–] 5 points 1 year ago

    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.

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  • [–] 35 points 1 year ago

    That's how the world should be treating us. Fuck us.

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  • [–] 33 points 1 year ago (3 children)

    I bet the 9 countries that have made a deal, wish they hadn't.

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  • [–] 5 points 1 year ago

    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?

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  • [–] 26 points 1 year ago

    It's TACO Tuesday every day.

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  • [–] 23 points 1 year ago

    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

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  • [–] 19 points 1 year ago

    More Taco stuff, then.

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  • [–] 19 points 1 year ago (3 children)

    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!"

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  • [–] 16 points 1 year ago (1 child)
  • [–] 12 points 1 year ago

    It was Taco Wednesday after all.

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  • [–] 11 points 1 year ago

    Art of the deal! 🫲🍊🫱

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  • Cue trump threatening the rest of the world with nukes because his feelings are hurt

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  • [–] 7 points 1 year ago

    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!

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  • [–] 5 points 1 year ago

    Do it, drive that damn dollar down. I've got almost all of my holdings offshore by now.

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  • 14 comments in c/economics@lemmy.world view that post
    [–] 29 points 1 year ago (3 children)

    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.

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  • [–] 16 points 1 year ago

    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.

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  • [–] 5 points 1 year ago (1 child)

    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?

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  • [–] 19 points 1 year ago

    Trump is a pedo

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  • [–] 14 points 1 year ago

    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.

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  • [–] 14 points 1 year ago

    Good ol TACO

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  • [–] 14 points 1 year ago (1 child)
  • [–] 6 points 1 year ago*

    TACOs for dinner again! 🌮🌮🍚🫘

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  • [–] 5 points 1 year ago

    On the plus side his English is great. I wonder where he learned to speak it.

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  • [–] 4 points 1 year ago

    Just watch him turn the screws on the first country that capitulates.

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  • [–] 3 points 1 year ago

    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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  • [–] 3 points 1 year ago

    lol king taco

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  • 1 comment in c/bbc@rss.ponder.cat view that post
    [–] 2 points 1 year ago

    Taco Tuesday

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