this post was submitted on 16 Dec 2024
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Summary

U.S. CEOs and business executives are alarmed as Donald Trump remains firm on imposing high tariffs on U.S. allies, despite warnings from economists about potential economic harm.

According to the Wall Street Journal, Trump’s late-night social media announcements have blindsided both his advisers and business leaders, leaving them scrambling to react.

While Trump consults some advisers, like Marco Rubio and Treasury pick Scott Bessent, his unilateral approach limits their influence.

The uncertainty has left business leaders struggling to find ways to alter his stance on trade policies.

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[–] WhatsHerBucket@lemmy.world 347 points 1 week ago (7 children)

How the actual fuck are people “blindsided” by this?

[–] Chozo@fedia.io 171 points 1 week ago

Maybe the leopards started with the eyes.

[–] atzanteol@sh.itjust.works 117 points 1 week ago (3 children)

You ever talk to c-level execs? Many of them simply aren't smart. They're just very aggressive and confident which gives the appearance of intelligence.

[–] psycho_driver@lemmy.world 40 points 1 week ago (1 children)

A lot of times attractiveness plays a big role too. In modern corporate america being attractive will get you further than being smart.

[–] Aceticon@lemmy.dbzer0.com 33 points 1 week ago

Studies have shown that something as simple as being tall makes people be more likely to be looked towards as leaders.

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[–] can@sh.itjust.works 68 points 1 week ago

CEOs aren't the brightest.

[–] finder585@lemmy.world 40 points 1 week ago (1 children)

Because folks do their 5 minute research by reading conservative mainstream news outlets and safe space enclaves that Tariffs are good.

Talking points to the contrary are not allowed, so they get to find out the hard way.

[–] meco03211@lemmy.world 24 points 1 week ago

To be fair. The message they're receiving is that tariffs will hurt the people that deserve it. And they're absolutely right. But while they're suffering, so will the rest of America.

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[–] Maiq@lemy.lol 172 points 1 week ago (1 children)

He's a Russian asset, what do they think he is going to do anything that's in the US's best interest? He's here to burn it to the ground and line his pockets with what's not ashes.

Honestly at this point I don't know how anyone can't see the obvious.

[–] BaroqueInMind@lemmy.one 31 points 1 week ago (3 children)

What can we do besides impotently complain about this on the internet?

[–] protist@mander.xyz 25 points 1 week ago

Build connections in your local community. Organize and elect your candidates at the local level

[–] Maiq@lemy.lol 25 points 1 week ago (5 children)

With all the anger about the dead CEO lately and rightfully angry people in glee over the violence, I truly think we could accomplish more with a general strike. Crash the fake economy built on fraud. If wall street looses billions a day in their fictional numbers they throw around we would show them real power. This would accomplish more than any dead CEO ever could.

Saw a post where the Trump administration is eyeing pulling FDIC from our banks! They already plan on crashing the economy. Stealing all your money, and making the US in Russia's image.

https://www.reuters.com/markets/us/trump-advisers-reported-plan-ease-banking-oversight-may-not-get-required-support-2024-12-13/

If we beat them to the punch we might still have our bank account money at least while their fictional money evaporates into thin air.

One thing the real rich people won't stand for is their money vanishing. If we hold out long enough the real wealthy will likely turn on him, hell he might fall out a window!

[–] FlyingSquid@lemmy.world 16 points 1 week ago (9 children)

It's going to be hard to convince people to strike when so many of them are in massive debt and live paycheck-to-paycheck.

When you can barely feed your kids on what little you're paid, you're a lot less willing to strike. Especially if you aren't in a union and can be fired for it. And the corpos know it and rely on it.

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[–] RememberTheApollo_@lemmy.world 119 points 1 week ago (2 children)

They thought they’d vote anti-tax first, then pushover trump on the tariffs when they had the time. Looks like they were wrong.

More faces being eaten.

[–] ThePowerOfGeek@lemmy.world 55 points 1 week ago* (last edited 1 week ago) (1 children)

If this was his first go-around I could see some rationale to that idea. But holy shit, has there been a case of collective amnesia among business 'leaders'?!!

They knew exactly what they were getting. Because we've seen all this before. Usually this is the definition of madness. But in this case it should be the definition of stupidity.

This same surprised Pikachu shit is going to happen over and over and over again over the next 4+ years. Even right now, the media keep assuming what he says is what he will do. And I have no idea why. He demonstrated in his first term that at least half of what he promises he either backtracks on he doesn't follow through on. Why they think things will be different this time is beyond me.

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[–] Enkers@sh.itjust.works 25 points 1 week ago

The one singular upside of Cheeto 2.0 is that I'll get to enjoy some guilty schadenfreude as the face eating leopard starts eating the faces of the party-for-face-eating-leopards.

[–] Shirasho@lemmings.world 72 points 1 week ago

This guy has tanked all of his previous enterprises due to his poor decision making and lack of knowledge. What in their right minds made them think this would be any different?

[–] Nougat@fedia.io 68 points 1 week ago (1 children)

Maybe your dumb asses should have been railing against this a long fucking time ago.

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[–] Rooskie91 68 points 1 week ago (1 children)

Anyone else feel like the goal IS inflation?? I feel like they're trying to contrstruct a Weimar Republic situation with this to push people further right. I hope I'm wrong, but this feels like they're really trying to come up with an excuse to kill a lot of people.

[–] obviouspornalt@lemmynsfw.com 30 points 1 week ago (4 children)

My belief is that inflation benefits trump personally since it devalues the mortgage debt on his real estate holdings, while increasing the nominal value of those properties.

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[–] WoodScientist@lemmy.world 63 points 1 week ago

The German corporate elite thought they could control the last guy as well...

[–] Maggoty@lemmy.world 63 points 1 week ago* (last edited 1 week ago) (1 children)

Didn't he literally campaign on these tariffs?

Where were these titans of industry in October?

Link

Yup. This is not a new thing. If these guys had lined up to say this at a microphone during the campaign it could have had an impact. But no, they thought they could just control him after the fact. After having seen how uncontrollable he was during his first term. This is what happens when you equate wealth with intelligence. You get dumbasses who think they're playing 5d chess.

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[–] MrScottyTay@sh.itjust.works 59 points 1 week ago (4 children)

Looks like Americans are about to go through their version of brexit. Good luck, it's going to be rough.

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[–] Absaroka@lemmy.world 57 points 1 week ago (9 children)

Might be a bit of a contrarian take, but at this point I think Trump needs to have a gigantic fuck up to drive people to the streets in anger, South Korea style. One of those 'we need our medicine before we can get better' moments.

For some reason tens of millions of people buy his "'I'm the greatest - only I can save you - they're evil and stupid" rhetoric.

So it's going to take a truly epic fuck up that he can't bullshit his way out of - and that the media can't ignore - for people to finally see that him and his cronies are all gigantic pieces of shit.

[–] limelight79@lemm.ee 50 points 1 week ago (3 children)

He did have a gigantic fuck up. He fucked up the response to covid-19. Badly. And how much did his fuck up make the situation worse in the rest of the world?

74 million people still voted for him in 2020. During and immediately AFTER that fuck up.

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[–] Brown5500@sh.itjust.works 27 points 1 week ago

January 6th has entered the chat...and quietly left unnoticed.

[–] bitjunkie@lemmy.world 19 points 1 week ago

His entire first administration was a series of such fuckups. I am not hopeful that consequences (for him) are ever coming.

[–] ipkpjersi@lemmy.ml 18 points 1 week ago

I don't think that's possible, unfortunately. I'm pretty sure he knows he can get away with anything, and his stupid fans will still gladly follow him. He will put the blame on someone else, every time, and they will believe him, every time.

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[–] Furbag@lemmy.world 53 points 1 week ago (4 children)

I hope he ruins all of them. Every last one.

You had four whole years of Trump to realize he never jokes around, he doesn't bluff, and he's never going to pivot, change directions, or admit he made a mistake. He means what he says and there is no nuance or subtext.

[–] ameancow@lemmy.world 21 points 1 week ago* (last edited 1 week ago) (1 children)

He means what he says and there is no nuance or subtext.

Well, there is a sort of nuance here.

In that he's also terrible at doing literally anything, and fails constantly at achieving promises.

He also has so many plots and schemes cooking at any given moment with so many other people and organizations that you absolutely cannot trust or predict any outcome. This is the real thing that nobody learned about Trump is that he is completely unpredictable because he can't be honest about the color of the sky if asked.

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[–] buttfarts@lemy.lol 17 points 1 week ago

My only solace is that Trump kills everything he touches and betrays everyone who is loyal to him.

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[–] FlyingSquid@lemmy.world 51 points 1 week ago (1 children)

Did you only now notice that he only cares about himself?

[–] Diplomjodler3@lemmy.world 36 points 1 week ago (2 children)

And he's mind-bogglingly stupid on top of that.

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[–] fluxion@lemmy.world 46 points 1 week ago

You let the fox in the henhouse. Why would he listen? He's not planning to win over hearts and minds

[–] yarr@feddit.nl 44 points 1 week ago (5 children)

Wait, what CEO is surprised that Trump won't look at data and make decisions on that? Anyone this foolish should have their stock shorted.

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[–] RagingRobot@lemmy.world 42 points 1 week ago* (last edited 1 week ago) (5 children)

He has already shown them what he wants them to do.

Just donate $1 million to him and he will help your business

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[–] rayyy@lemmy.world 42 points 1 week ago (3 children)

All part of Putin's plan. He probably gave him the advice on tariffs.

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[–] rc__buggy@sh.itjust.works 38 points 1 week ago (9 children)

Well shit. I hoped it was just bluster, but if he's serious it makes a lot of sense.

The 0.1% gain wealth whenever economies crash. He is obviously going to try to crash the world economy so fat cats can buy assets for pennies on the dollar, including entire developing nations. Then the fed prints a gazillion dollars and bails it all out.

Greedy pigs get fatter, the rest of us get leaner.

[–] Kichae@lemmy.ca 27 points 1 week ago (2 children)

I hoped it was just bluster

You understand he was president before, right? And that he did this before? Like, he's a totally known quantity, and he's going back to where he was in 2019.

[–] Quill7513@slrpnk.net 25 points 1 week ago

this dude killed 300,000 americans and people are somehow surprised that he's unbothered by the prospect of killing untold vast swaths of people now that it's been demonstrated that he will never be held accountable for his actions

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[–] eugenevdebs@lemmy.dbzer0.com 36 points 1 week ago

"Stupid CEOs are left dumbfounded when a greedy selfish narcissist who only listens to those who pay him the most is a greedy selfist narcissist."

I know CEOs are never the smartest people, but Jesus Christ. Milk spoiling in the summer heat is less obvious.

[–] samus12345@lemm.ee 33 points 1 week ago

Trump’s late-night social media announcements have blindsided both his advisers and business leaders, leaving them scrambling to react.

He said he was going to do this long ago, dipshits. "Seriously, but not literally?"

[–] john89@lemmy.ca 31 points 1 week ago (3 children)

Just increase taxes on the wealthy...

All tariffs will do is put the additional costs onto the working class.

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[–] shasta@lemm.ee 30 points 1 week ago

unilateral

authoritarian*

FTFY

[–] Sasha@lemmy.blahaj.zone 24 points 1 week ago

I'm going to laugh so hard if Trump has an "apparent suicide" and at least one cop says it's not suspicious, if they can do it to whistleblowers who risk their profits, surely this qualifies?

Not saying it's likely, just that I absolutely will laugh, probably for days.

[–] werefreeatlast@lemmy.world 23 points 1 week ago (2 children)

After the great depression, tariffs were implemented and failed to do anything other than fuck over the American people.

The event that finally ended the Great Depression was the United States' entry into World War II, which significantly boosted the economy through increased demand for war materials and created millions of jobs in defense industries. While President Roosevelt's "New Deal" programs aimed to alleviate the Depression, they did not fully end it. The massive production needs of World War II essentially pulled the US out of the Depression. The government spending on war materials created a significant economic stimulus.

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[–] PugJesus@lemmy.world 19 points 1 week ago

Leopards, faces, etc.

[–] GhiLA@sh.itjust.works 17 points 1 week ago (1 children)
[–] Wogi@lemmy.world 23 points 1 week ago (6 children)

I'm just going to point out that the ultimate victims of this idiocy are the working class.

The wealthy will still be wealthy regardless

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