- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
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.”
Once again there are choosing the course of action that sabotages their power the most.
If they want to move investors, they have to change the rules once in a consistent way that looks stable, and convince them that an investment will have time to pay off in the new environment. By changing the environment constantly and in contradictory ways they make that impossible.