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.
As much as the farm subsidies have been criticized, literally starving isn’t something we should have to worry much about.
Food we can do domestically just fine, as long as you don’t care about coffee and tea. Even those I just expect we’re going to make existing grounds/leaves stretch a whole lot farther.
I don’t think it’ll be as bad as some of Russia’s hard times, but goddamn is that a long, long way to fall.
I’m more concerned about world politics. We’re going to cede a hell of a lot of control of the world to Russia and China. It’s likely that China claims an entire vertical slice of the Earth, standing in the way of a good chunk of world trade.