RichM I think you’ve got it, at least based on everything I’ve read. It’s basically a tax on the working class to fund tax cuts for the wealthy. All of the insider trading and bribes to avoid tariffs for certain industries are just the personal incentives for trump. He’ll throw the US into a recession and the rest of the world is collateral damage, no of which bothers him in the least.

      303abuser but surely the majority of his voters are the working class who will get fucked over by this. It’s not the wealthy wearing the MAGA caps

          RichM They are and they’re apparently happy about all of this, at least for now. Not that any of that matters to Trump, he sees the government as another “business” to siphon money from for personal gain. He doesn’t need to get re-elected, whether he retires, dies, or just organizes a more successful coup.

            I’m sure he’s coming up with another explanation on how tariffs are going to bring prices down for consumers.

            Along_the_Wire “this is nurmel when you take overhead transactions into account with first time buyers over the course of five surcharges. Easy when you know how. I’ve sunk 40 pounds into an escrow and will watch it grow, I should make £65.78 by 2052 because the tax rate will have haved by 2046 making the markets soluable again. That or the loony left will hide Hunter’s laptop in the bull markets and I’ll lose 13%, either way I’m up.”

                That’s literally him 😂

                RichM I thought this was Trumps way of creating jobs and growth internally, but surely it takes years for companies to achieve this. They don’t suddenly buy US goods and services over night due to tariffs increasing. So will stick the US in a recession for a while I imagine.

                Will he just back track on this in a month or 2 when it’s not working? He does love causing some chaos, and all his chums are prob now investing whilst the economy plummets

                303abuser I think you’ve got it, at least based on everything I’ve read. It’s basically a tax on the working class to fund tax cuts for the wealthy.

                With your suggestions of it helping his chums to invest while the economy plummets - this will be sending loads of businesses in places like Vietnam and Cambodia in to an instant major crisis; I wonder if some US companies will be taking the opportunity to buy them at a massive discount, secretly knowing they’ll have a ready-made market in the US again when Trump eventualy lifts the tariffs.

                Just speculating based on wondering how any of this actually benefits anyone and the reason for that formula. Would fit in to Trump’s tactics with places such as Ukraine, Greenland and Panama of trying to bully other countries in to handing the US their lunch money.

                      He’ll call them off and claim some sort of victory or other.

                      LT42 😂 you should start an “ask funky” advice column.

                        hugopal I’m sure the grift is wide-ranging. His inner circle is probably playing both the short and long markets ahead of every spur of the moment announcement and retraction. I’d also bet that if you could track meme coin funds, there have been carve-outs for specific industries to avoid getting the brunt of the tariffs.

                          Trump torching pension valuations and investments. Now where’s that cash ISA.