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.

  • Breve@pawb.social
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    19 hours ago

    Are these CEOs too stupid to realize they forgot to donate $1 million dollars to Trump’s inaugural fund? Total amateurs. 🙄

  • Eugene V. Debs' Ghost@lemmy.dbzer0.com
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    2 days 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.

  • Furbag@lemmy.world
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    2 days ago

    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
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      2 days ago

      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.

      • Anti_Iridium@lemmy.world
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        1 day ago

        There were also guardrails to stop his half baked schemes from being implemented, or people with integrity in career positions that had the hard option of saying no.

        I’m just worried this time he will tell his head of the EPA to make the sky that color.

        And the head of the EPA will.

    • buttfarts@lemy.lol
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      2 days ago

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

    • Gammelfisch@lemmy.world
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      2 days ago

      In some regards, I hope so too. The old Fuck Around and Find Out bit. The fucking MAGAts will look like deer in headlights when the economic freight train derails and crashes.

    • Anti_Iridium@lemmy.world
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      1 day ago

      From what I understand, is that his supporters know he lies, but they believe he is telling the truth about X, which is whatever his supporters think is the most important.

    • Yewb@lemmy.world
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      1 day ago

      He is the embodiment of all of thier wishes they hear whatever they want when he speaks.

  • Doorbook@lemmy.world
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    1 day ago

    Ceo will save themselves, if they are normal, they will have assets in different countries and just move.

    Poor people on the other hands would not be able to move to another city.

  • cultsuperstar@lemmy.world
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    1 day ago

    What are they expecting, exactly? Even Musk was saying a day before the election that Trump was going to tank the economy. I’m sure Trump will just say “things are going to get worse before they get better, but believe you me when they get better, you’re all going to be filthy rich!” The typical Trump supporter will assume he’s talking to them, but he’ll only be talking to those who are already filthy rich.

  • samus12345@lemm.ee
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    2 days 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?”

  • yarr@feddit.nl
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    2 days ago

    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.

  • Absaroka@lemmy.world
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    2 days ago

    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
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      2 days ago

      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.

        • prof_wafflez@lemmy.world
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          2 days ago

          A half black, half Indian woman, though!

          It’s going to take something monumental for the US to ever change- and even then I doubt it will. People seem 100% stupider than 15 years ago and some study just showed adult intelligence has dropped in multiple areas. I wonder if people infected with COVID literally got stupider on top of all the lead poisoning from pre-90’s.

    • bitjunkie@lemmy.world
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      2 days ago

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

    • Snapz@lemmy.world
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      2 days ago

      South Korea wasn’t in a cult for that leader AND what he asked for was essentially what… Something that equated to the build up to January 6th, without even a January 6th style failed coup attempt to show for it.

      No, they did what we should have. We failed.

      • seejur@lemmy.world
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        2 days ago

        South Korea values education. The Republican party has been destroying the public education system for decades.

        So south Korea does not have as many braindead people as we have here

    • ipkpjersi@lemmy.ml
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      2 days 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.

    • JaggedRobotPubes@lemmy.world
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      2 days ago

      This is the whole issue. Republicans, a cult, can only exist in pretend political party form because they have convinced their base that literally–literally–anything that has a big ol REPUBLICAN label slapped on it is the highest moral good.

      They see children getting murdered in cold blood in schools and take the side of the guns. I should probably repeat that four or five times with varying emphasis.

      Trump could bomb an orphanage, brag about it, and within a week Fox Lies & Propaganda would be running stories about how the orphanage made a mistake on its taxes that was falsely flagged as fraud, and how orphans might become criminals.

      It won’t undo the current disaster, but the real path back is probably more like talking to one person who’s trumpy but still somehow you kind of like anyway, with a tone of…come on now. Are we serious with this? You see this for what it is, right? You gotta put a stop to this, it can’t go on. Or just plain old Lakoff advice about getting your racist grandpa to tell you a story at thanksgiving of a time he helped somebody. This is one step in restoring his brain to its unpoisoned-by-conservatism state.

      You gotta attack the foundation of fascism and conservatism, which science seems to think you do with empathy.

  • john89@lemmy.ca
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    2 days ago

    Just increase taxes on the wealthy…

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

    • atzanteol@sh.itjust.works
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      2 days ago

      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
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        2 days ago

        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
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          2 days ago

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

      • anomnom@sh.itjust.works
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        1 day ago

        A-Students work for B-Students in companies owned by C-Students, which are financed by D-Students, while the hedge funds owned by the sociopathic F-Students short sell the whole thing to make sure they have enough spare cash to buy a new library wing at Harvard, so their F-Student-kids get in.

    • tburkhol@lemmy.world
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      2 days ago

      Remember that Trump lies about everything, often in both directions. Everyone knows this, including his supporters. That gives his supporters the mental freedom to make up whateverthefuck policy positions they like and find proof that they are Trump’s real plan.

      Donald Trump is the human version of a Bible. If you’re a Believer, god says he will implement your Desire. If you’re a Heretic, god says he will destroy the world. All with the same words.

    • finder@lemmy.world
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      2 days ago

      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
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        2 days 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.

    • Croquette@sh.itjust.works
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      2 days ago

      Because they thought it would only happen to others and they’d be fine. Guess the leopard with a rooster hat is coming to roar and eat faces.