Comment by raytopia
7 days ago
There's a theory going around that the administration wants to crash the market so they can buy everything up for cheap, in a similar way to what happened in Russia after the fall of the Soviet Union.
At the same time though it seems like the current president has always been pro tariffs even though they are almost always bad for a economy, the reason why the admin is applying a lot more of them is because almost everyone left in the admin's circle is a yes men.
not buy up everything, but make US national debt servicing cheaper once the interest rates go down (and recession will bring them down).
I highly doubt the current administration can play that kind of 3d chess. Just simple populism.