He Blinked-Trump Up To His Old Tricks:
Backs Down On Tariffs Less Than 24 Hours After He Praises How Great They Will Be
Hearing opposition from everywhere from Main Street to Wall Street, to Big Business & CEOs like Jamie Dimon and Bill Ackman, to oligarchs like Elon Musk, to Republican Senators and even a few House Reps., Trump blinked and was forced to retreat after devastating losses in the stock market.
Of course, his line will be that every country in the world begged him to “kiss his ass.” But just look at the tape and all of the interviews from the days before. He abandoned Navarro and followed Elon as a desperate attempt to prevent his approval ratings from further plummeting.
And here’s the funny part: it’s not even over yet. Trump has no grand plan. He has already by just the last weeks’ actions turned the world trade system upside down and jeopardized not only the U.S. economy, but the global economy. Much more to come. Stay tuned.
In the meantime, Bobby Kennedy has gone “wild on health,” with measles cases soaring and now approaching 700, stretching from Hawaii to Rhode Island (thanks Bobby).
Lastly, in vintage Trump style, Promises Made, Promises Broken: Ukraine war still raging with Putin, Palestinians being obliterated and further displaced by a new Israeli land-grab offensive, inflation not down, but up, unemployment up, consumer confidence down, business indexes down, and a stock market see-sawing from chaos and Trump’s tariff obsessions.
It’s been one hell of an 80 days.
Short, sweet and completely wrong!
Great post, Mike! Short, sweet, and to the point!