this post was submitted on 16 Dec 2024
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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.

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[–] [email protected] 347 points 6 days ago (7 children)

How the actual fuck are people “blindsided” by this?

[–] [email protected] 171 points 6 days ago

Maybe the leopards started with the eyes.

[–] [email protected] 117 points 6 days ago (3 children)

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.

[–] [email protected] 40 points 6 days ago (1 children)

A lot of times attractiveness plays a big role too. In modern corporate america being attractive will get you further than being smart.

[–] [email protected] 33 points 6 days ago

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

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[–] [email protected] 68 points 6 days ago

CEOs aren't the brightest.

[–] [email protected] 40 points 6 days ago (1 children)

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.

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[–] [email protected] 172 points 6 days ago (1 children)

He's a Russian asset, what do they think he is going to do anything that's in the US's best interest? He's here to burn it to the ground and line his pockets with what's not ashes.

Honestly at this point I don't know how anyone can't see the obvious.

[–] [email protected] 31 points 6 days ago (3 children)

What can we do besides impotently complain about this on the internet?

[–] [email protected] 25 points 6 days ago (14 children)

With all the anger about the dead CEO lately and rightfully angry people in glee over the violence, I truly think we could accomplish more with a general strike. Crash the fake economy built on fraud. If wall street looses billions a day in their fictional numbers they throw around we would show them real power. This would accomplish more than any dead CEO ever could.

Saw a post where the Trump administration is eyeing pulling FDIC from our banks! They already plan on crashing the economy. Stealing all your money, and making the US in Russia's image.

https://www.reuters.com/markets/us/trump-advisers-reported-plan-ease-banking-oversight-may-not-get-required-support-2024-12-13/

If we beat them to the punch we might still have our bank account money at least while their fictional money evaporates into thin air.

One thing the real rich people won't stand for is their money vanishing. If we hold out long enough the real wealthy will likely turn on him, hell he might fall out a window!

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[–] [email protected] 119 points 6 days ago (2 children)

They thought they’d vote anti-tax first, then pushover trump on the tariffs when they had the time. Looks like they were wrong.

More faces being eaten.

[–] [email protected] 55 points 6 days ago* (last edited 6 days ago) (1 children)

If this was his first go-around I could see some rationale to that idea. But holy shit, has there been a case of collective amnesia among business 'leaders'?!!

They knew exactly what they were getting. Because we've seen all this before. Usually this is the definition of madness. But in this case it should be the definition of stupidity.

This same surprised Pikachu shit is going to happen over and over and over again over the next 4+ years. Even right now, the media keep assuming what he says is what he will do. And I have no idea why. He demonstrated in his first term that at least half of what he promises he either backtracks on he doesn't follow through on. Why they think things will be different this time is beyond me.

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[–] [email protected] 25 points 6 days ago

The one singular upside of Cheeto 2.0 is that I'll get to enjoy some guilty schadenfreude as the face eating leopard starts eating the faces of the party-for-face-eating-leopards.

[–] [email protected] 53 points 6 days ago (4 children)

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.

[–] [email protected] 21 points 6 days ago* (last edited 6 days ago) (1 children)

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.

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[–] [email protected] 17 points 6 days ago

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

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[–] [email protected] 57 points 6 days ago (9 children)

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.

[–] [email protected] 50 points 6 days ago (3 children)

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.

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[–] [email protected] 27 points 6 days ago

January 6th has entered the chat...and quietly left unnoticed.

[–] [email protected] 19 points 6 days ago

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

[–] [email protected] 18 points 6 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.

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[–] [email protected] 36 points 6 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.

[–] [email protected] 44 points 6 days ago (4 children)

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.

[–] [email protected] 16 points 6 days ago* (last edited 6 days ago) (1 children)

"we thought we could control the face eating leopard."

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[–] [email protected] 59 points 6 days ago (4 children)

Looks like Americans are about to go through their version of brexit. Good luck, it's going to be rough.

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[–] [email protected] 72 points 6 days ago

This guy has tanked all of his previous enterprises due to his poor decision making and lack of knowledge. What in their right minds made them think this would be any different?

[–] [email protected] 51 points 6 days ago (1 children)

Did you only now notice that he only cares about himself?

[–] [email protected] 36 points 6 days ago (2 children)

And he's mind-bogglingly stupid on top of that.

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[–] [email protected] 68 points 6 days ago (1 children)

Anyone else feel like the goal IS inflation?? I feel like they're trying to contrstruct a Weimar Republic situation with this to push people further right. I hope I'm wrong, but this feels like they're really trying to come up with an excuse to kill a lot of people.

[–] [email protected] 30 points 6 days ago (4 children)

My belief is that inflation benefits trump personally since it devalues the mortgage debt on his real estate holdings, while increasing the nominal value of those properties.

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[–] [email protected] 33 points 6 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?"

[–] [email protected] 68 points 6 days ago (1 children)

Maybe your dumb asses should have been railing against this a long fucking time ago.

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[–] [email protected] 63 points 6 days ago* (last edited 6 days ago) (1 children)

Didn't he literally campaign on these tariffs?

Where were these titans of industry in October?

Link

Yup. This is not a new thing. If these guys had lined up to say this at a microphone during the campaign it could have had an impact. But no, they thought they could just control him after the fact. After having seen how uncontrollable he was during his first term. This is what happens when you equate wealth with intelligence. You get dumbasses who think they're playing 5d chess.

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[–] [email protected] 42 points 6 days ago (3 children)

All part of Putin's plan. He probably gave him the advice on tariffs.

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[–] [email protected] 63 points 6 days ago

The German corporate elite thought they could control the last guy as well...

[–] [email protected] 30 points 6 days ago

unilateral

authoritarian*

FTFY

[–] [email protected] 31 points 6 days ago (3 children)

Just increase taxes on the wealthy...

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

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[–] [email protected] 42 points 6 days ago* (last edited 6 days ago) (5 children)

He has already shown them what he wants them to do.

Just donate $1 million to him and he will help your business

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[–] [email protected] 46 points 6 days ago

You let the fox in the henhouse. Why would he listen? He's not planning to win over hearts and minds

[–] [email protected] 16 points 5 days ago (2 children)

Can someone explain why no one takes Trump at his word?

[–] [email protected] 13 points 5 days 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.

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[–] [email protected] 19 points 6 days ago

Leopards, faces, etc.

[–] [email protected] 38 points 6 days ago (11 children)

Well shit. I hoped it was just bluster, but if he's serious it makes a lot of sense.

The 0.1% gain wealth whenever economies crash. He is obviously going to try to crash the world economy so fat cats can buy assets for pennies on the dollar, including entire developing nations. Then the fed prints a gazillion dollars and bails it all out.

Greedy pigs get fatter, the rest of us get leaner.

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[–] [email protected] 23 points 6 days ago (2 children)

After the great depression, tariffs were implemented and failed to do anything other than fuck over the American people.

The event that finally ended the Great Depression was the United States' entry into World War II, which significantly boosted the economy through increased demand for war materials and created millions of jobs in defense industries. While President Roosevelt's "New Deal" programs aimed to alleviate the Depression, they did not fully end it. The massive production needs of World War II essentially pulled the US out of the Depression. The government spending on war materials created a significant economic stimulus.

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[–] [email protected] 15 points 6 days 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.

[–] [email protected] 24 points 6 days ago

I'm going to laugh so hard if Trump has an "apparent suicide" and at least one cop says it's not suspicious, if they can do it to whistleblowers who risk their profits, surely this qualifies?

Not saying it's likely, just that I absolutely will laugh, probably for days.

[–] [email protected] 15 points 6 days ago

This is literally the most predictable outcome.

[–] [email protected] 7 points 5 days ago

Have they tried calling the CEO crises hotline?

[–] [email protected] 17 points 6 days ago (1 children)
[–] [email protected] 23 points 6 days ago (6 children)

I'm just going to point out that the ultimate victims of this idiocy are the working class.

The wealthy will still be wealthy regardless

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