Summary
Donald Trump abruptly reversed his tariff policy Wednesday, announcing a return to a 10% baseline tariff on most countries and a steep 125% rate on China.
His administration appeared blindsided, with Treasury Secretary Scott Bessent unable to explain the move and press secretary Karoline Leavitt resorting to combative rhetoric.
The shift likely responds to mounting criticism from conservative allies and market instability marked by a debt sell-off.
Despite confusion and lack of clarity, officials tried to play up Trump’s unpredictability as strategic leverage rather than a sign of disarray.
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Wait, can you link that AI video here or is that illegal?
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Make no mistake, he wasnt making this up as he went along, he knew exactly what he was doing the entire time. The basic outline was in place - announce tariffs, make them really big, get everybody crazy, crash the market, buy options on the decrease, buy stocks at the bottom, and ride them up on the delirious news that the tariffs have been suspended.
He may have improvised the real-time details like a jazz player, but the basic chord progression was always chugging along in the background.
This is his 3rd round of this, with each increasingly larger. This one threatened to boil over, so he kicked it down the road 90 days, but he is pathologically incapable of resisting his greed, so he probably won’t wait that long.
Calling it now, insider trading (If that wasnt obvious already, look at the market 30 min. before the announcment)
It couldn’t be any more blatant. Trump himself blasted out the insider trading info 3hrs before announcing the tariff reversal:
3hr later:
Good thing the Supreme Court decided that it’s an official act which is totally cool and legal.
I think I hear a dog whistle calling you, you should probably go follow it elsewhere
Explain what you think this means please
“Great time to buy” could just as easily be “plz make stock market go up”. You can’t really make a decision based on that statement.
Yah sure keep your head in the sand.
Really, really shows how weak Trump is.
I should watch this again. I need some levity
It might still be five dollars on Apple TV, but I’m not crossing fingers, I just checked it’s 20 bucks
No worries, matey
I see you. I have a pretty evolved pirate ship
I’m actually extremely happy that he changed from 104 to 125. Ending on a 4 is such a big no no. We gotta end our tariff values on 0s or 5s so this change has been tremendous. The greatest tariff ever made… Believe me.
At least it still ends in a 5?
