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U.S. stock futures plunge ahead of Monday open as Trump tariffs shock continues (www.nbcnews.com)

submitted 3 months ago by cm0002@lemmy.world to c/usa@midwest.social

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[–] expatriado@lemmy.world 27 points 3 months ago (2 children)

i think other countries are noticing his clown moves and will respond by not reverting theirs

[–] markovs_gun@lemmy.world 17 points 3 months ago

Isn't that what Canada last time he announced a Tariff then dropped it? They just said "Nope not dropping ours until you calm the fuck down"

[–] cabron_offsets@lemmy.world 4 points 3 months ago (1 children)

That would be dumb, though. For the same reason our tariffs are so goddamn dumb.

[–] rebelsimile@sh.itjust.works 5 points 3 months ago (1 children)

You can’t manufacture leverage like that. The “imbalance” he’s talking about didn’t exist in the first place. If he drops tariffs, he’s still in a materially worse position than when he started. He would need to provide concessions to get other nations to drop tariffs.

[–] alaphic@lemmy.world 5 points 3 months ago

Or as I like to call it: The "Play Shitty Games, Win Shitty Prizes" Principle