Trump floats cutting China tariffs to 80% ahead of meeting as he looks to deescalate trade war

The damage is done, we will be in Depression 2.0 by midsummer

Supply chain is already broken, it will take months to rebuild if they ended the tariff bullshit RIGHT NOW

But as slow as this is moving, we're going to see massive layoffs in shipping infrastructure and that will take YEARS to rebuild

That and xi and Putin were in a love nest this morning and posted all the pics. It was very much a rub in trump’s face.

I'll forgive people who voted the first time, I avoid people who voted for him the second time, and I have to constantly restrain myself from being violent on people who voted for him a third time.

Then you're naive

Fascists getting control of the launch codes for the larges nuclear arsenal in human history is EVERYONE'S problem

not my biggest problem right now

and to 40% of the country that makes you mentally ill

i hated him before he basically ruined my life

Not for no reason, because he somehow thought it would generate enough profit to cut taxes on the rich

Literally no one in his administration understands macroeconomics

whatever excuse they will eat it up and parrot it like it is the most profound economic truth, and then complain about Biden when we hit Depression 2.0 in August

Some damage is already done. A lot. But flip flopping again and backing down would make it less bad.

I don't think he committed enough damage. Public opinion has not shifted enough.

That's not exactly true, as a lot of companies are increasing prices in other regions to offset their profit dips and/or retain some market share in the US. This trade war sucks for absolutely everyone and it is sickening that a single looney idiot can achieve so much damage.

Trump even reversed the domestic industrial subsidies that Biden signed in so double dumbass for that one

Both. He knows it made him richer and he's enough of an egomaniac to believe it does what he says it would do just because he said it. Now he's richer and he'll believe this was his plan all along because a narcissist is never wrong to themselves, hes already been blaming Biden about any negative economic news.

The only way this could hypothetically accomplish reshoring is if it was heavily government subsidized which has not been the stated intention. Trump wants to keep tariff revenue to enrich himself and his cronies.

No one is investing millions to reshore when Trump changes his mind on tariffs every few days.

The only outcome from this is empty shelves and stagflation.

Wrong, there's also prices dropping for us(no caps) Europeans

So, was this always just the best possible narrative spin for Trump to do some open market manipulation and make him and his peers even richer or is Trump stupid enough to believe the nonsense he was fed and regurgitated to his followers?

Some industries are saying they are completely unviable around 40-60%. See the recent Gamers Nexus video about the computer hardware industry.

Some companies can survive 10-30% by cutting margins and passing to the consumer, but there are entire classes of product where demand will just evaporate if you raise prices 20-30%, especially budget and value products.

It's impossible to reshore manufacturing to stop this too. Every single economist is saying that there is a 0% chance that the way Trump has weaponized tariffs will cause any meaningful production in the US. The only outcome from this is empty shelves and stagflation.

Not even a trade war it’s one man thinking he has more leverage than he does and looking like an idiot.

Note: this technique works best if your supporters are fucking idiots

They're easy to win. All you do is, whatever happens, say you won.

Thought this was posted on /lepardseatmyface for a sec.

In a just world, someone would yell that at him every time he spoke from now until he dies

Those are preconcessions, a little known tactic. It’s followed by the negotiation crumble and post negotiation victory lap.

The trade war HE. BUILT.

Art of the deal: make concessions before negotiations.

Any tariff over 100% stalls trade completely. He's probably feeling pressure over that.

Sounds like he's negotiating with himself in the corner while China laughs at this point.

He can pussy out all he wants - the damage is already done.

How's that trade war going for ya, Donny?

Shut the fuck up, Donny.

I wondered when he'd back down, and what excuse he'd give to his followers.

Does it matter? Trade is nearly stalled anyway.

What an obnoxious whiny little *removed*... goes and starts a trade war for no reason, and then loses.

Shun anyone who voted for this for life

This must what winning looks like.

My congratulations to Trade for winning the trade war.