Comment by steveBK123
21 hours ago
The tariffs are at least partially about crony capitalism if you look how they have repeatedly played out. Announce big, broad, sweeping industry & country level tariffs. Talk to Big Tech execs, quietly delay/rescind specific sub-components or even companies from said tariffs. Rinse & repeat.
The companies left fully paying tariffs are the ones that aren't big enough to have the orange mans ear / "donate" to the ballroom construction.
Tariffs are not free market. A true free market would have zero tariffs.
And it would quickly be destroyed by competing governments that don’t believe in free markets and actively subsidize their industries to capture market share.
The US has been largely tariff free since the 1900s and it's the largest economy in the world.
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Trump forced the UAE to buy $2 billion of his stable coin in order to avoid tariffs. He is making $80 million a year farming yields off that. The tariff nonsense was 100% just a backdoor for corruption.
Edit: and I forgot he pardoned the binance guy for facilitating this corruption too. Trumps pardons are the most corrupt in american history but MAGA is still yelling about the hunter biden pardon even though Joe was absolutely right that trump would maliciously prosecute him
It’s actually a lot of small to midsize manufacturers importing subcomponents that are getting hurt in the heartland. They can’t lobby for exemptions & don’t have the supplier negotiating power of the megacaps.
Sorry widgetCo. Shoulda been a billionaire!
I've said this before, but Trump's form of tariffs are basically a firewall and paying tribute opens specific ports and addresses.
Bribe knocking?