Trump Admin Walks Back Tariff Exemption On Electronics
www.huffpost.com
U.S. Customs and Border Protection claimed late on Friday that imported electronics, such as smartphones, laptops and more, would be exempt from Trump’s tariffs.

cross-posted from: https://lemmy.world/post/28194139

Donald Trump and White House officials walked back a Friday announcement that there would be tariff exemptions on imported electronics.

In a Truth Social post on Sunday, Trump directly denied the tariff exemption announcement.

…

“This is really mind-boggling. If this was serious industrial policy, the main thing you want is certainty: ‘Here’s the tariff, it will be in place for the indefinite future, and you should plan accordingly,’” Dean Baker, an economist at the Center for Economic and Policy Research, a left-leaning think tank, said, according to The Washington Post. “Here, it’s basically: ‘Come back next week and see what we’ve got.’ That’s no way to run an economy.”

  • "no" banana@lemmy.world
    50·
    2 days ago

    Feels like the trade policy of the United States is entirely made up by four guys in a room. That’s the wrong way to do politics.

    • tal@lemmy.todayEnglish
      321·
      2 days ago

      One of whom is inside-trading prior to each announcement.

    • catloaf@lemm.eeEnglish
      12·
      2 days ago

      That’s far too generous. It’s one guy on a toilet with a phone.

    • IninewCrow@lemmy.caEnglish
      9·
      2 days ago

      It isn’t the work of one man or even five or six … it’s an entire political party and all their wealthy backers and supporters who are financing this circus that are either working at this, supporting it, enabling it or just standing aside and doing nothing to stop it.

      Stop thinking that this is the work of one powerful person … it’s all enabled by an entire community of idiots that want all of this.

      • "no" banana@lemmy.world
        4·
        2 days ago

        I didn’t say that it wasn’t. I said what it feels like. I don’t want any politics to feel that way. It should feel like there’s an entire organized plan behind it, but it feels like it’s just some people throwing shit at the wall and seeing what sticks, which in itself is pretty shit.