Wall Street is finally waking up to Trump’s tariff policy.

They are in it for themselves. They aren’t standing up on shit but their wallets.

Good thing he’s a king.

Can you provide a link because there doesn't seem to be a reliable one.

Yeah, but let's consider what happens:

• Tariff applied
• Prices go up
• Supermarket trolleyfull becomes more expensive
• People have less money to buy other things
• Companies sell less
• Company profits fall
• Stock valuation drops
• GDP falls

That's why the Dow Jones and S&P are lower - this shrinks company profits and US GDP.

Until no one can afford their stuff and drop it. Capitalism is hitting the inevitable point where infinite growth is impossible as it involves making the customers poorer which is not exactly great for business.

Hell, they probably used this as a time to do some quick stock buybacks on the cheap.

I think someone else here said it, but because he keeps making threats, then retracting them, then making them, then retracting them again, I wonder if it's basically insider trading being done by donvict and his oligarchs.

I think what’s happening is that the finance people are finally realizing that the long term implications of this shit are going to be absolutely catastrophic. So sure, there’s probably gonna be a bunch of spikes as HFT farms spike demand. But medium- to long-term, shits fucked.

Higher prices push down number of units sold... And push buyers outside of the US, to avoid the US products.

A lot of people are maxed out on their credit cards already. A mass CC default isn't too far off without massive the increases.

It honestly is suspicious the lack of drop to a greater extent, almost like they're taking to DOGE cuts and federal firings and artificially keeping the market up with stock buy backs

You kidding? They just have to wait out the storm.

Wait until everything is on fire, loot it all, then oust the conman and sell high.

His own class is going to betray him because he is the dumbest motherfucker alive.

The billionaires will regret giving him power, because they're subtly giving up their own levers of influence over him.

When you could buy a politician or an election, you held some sway over those politicians in those seats. When you pay lobbyists who will do the work of writing specific regulations that help you, and then have them try to get those regulations actually enacted, you had influence over how the government could wield power over you.

But the Trump movement has been about consolidation of power in one man, who doesn't feel constrained by laws, or by other politicians. The billionaires are down to a single tool: trying to pay off one man, who doesn't keep his word.

The question becomes, at what point does it go from money buying power, versus power buying money? It's a subtle distinction, but an important one for those who currently have money and who want to derive power from that.

Trump and Elon want to make it so that they can singlehandedly destroy any business that doesn't bend the knee. At the same time, they want to be able to shape the rules in an arbitrary way to only help those they like, and hurt those they don't. They're not quite there yet, and I'd say that the rich still have some power independent of the government. But the plan for those in charge is to consolidate power as quickly as they can, to where that's no longer true.

There's a substantial chance that this goes down the same way that scene in The Dark Knight Rises, where the financial backers who enabled Bane's movement insist that they should still have influence over that movement, once it takes power.

Or if you actually want a historical parallel, the oligarchs who funded the rise of Hitler and the Nazi party, only to find themselves in concentration camps themselves.

Trying to play devil's advocate to figure out where he could vaguely have support now and I'm coming up empty...

Big business? He's screwing with their ability to offshore for cheap.

Labor? He's against workers rights

Military? He's constantly insulting them and handicapping them and screwing with all the suppliers and contractors too.

Pacifists? He's simultaneously fomenting violence in Israel with us support while encouraging Russian violence by removing Ukraine support.

Racists? Well he's certainly got the spirit, but as malicious as he is, in terms of number of people it's been a token show, and they are such dealing with as many brown people in their day to day lives as before.

People who wanted lower prices? Obviously not helping them on any front.

People who wanted lower taxes? Well that's not happening even in theory except people well into stuff figures that are losing way more than the tax breaks in other losses due to everything else going on.

I can't think of a way anything he did improves things in any real way for any domestic interest, bad or good

Nah the cultist don't really care about economy.

Shrooms

They somehow still thought there was an adult in the room that would stop the worst if it for them. The plight of the peasants is beneath them; which puppet is presiding over which plot of land is unimportant; but if you threaten their high score (net worth), then they start paying attention.