Here we go again….playing with people’s lives….again.

Our dear Clueless Leader is playing a horrible game of tariffs, pauses and exemptions….all in the name of his buddies making billions upon billions off of stock manipulations.

Lately the markets were sluggish so Donny pauses the auto tariffs for now….give the robber barons time enough for some transactions and the making of billions.

President Trump suggested Monday that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector to give carmakers time to adjust their supply chains. “I’m looking at something to help some of the car companies with it,” Trump told reporters gathered in the Oval Office. He said automakers needed time to relocate production from Canada, Mexico, and other places. “And they need a little bit of time because they’re going to make them here, but they need a little bit of time. So I’m talking about things like that.”

• The statement hinted at yet another round of reversals on tariffs as Trump’s onslaught of import taxes has panicked financial markets and raised deep concerns from Wall Street economists about a possible recession, the AP reports.
• When Trump announced the 25% auto tariffs on March 27, he described them as “permanent.” His hard lines on trade, however, have become increasingly blurred as he has sought to limit the possible economic and political blowback from his policies. “I don’t change my mind, but I’m flexible,” he said Monday.
• Detroit’s Big Three automakers have been lobbying the White House for weeks to have some low-cost car parts excluded from tariffs, Bloomberg reports. Ford, GM, and Stellantis have told the administration they are willing to pay tariffs on imports of finished vehicles and large parts like engines, but import taxes on other parts would drive up costs by billions of dollars and lead to layoffs.
• Stocks in the Big Three jumped after Trump’s remarks, the AP reports. General Motors rose 3.6%, Ford rose 4.1%, and Stellantis rose 5.1%. The companies have complex supply chains and production processes that cross borders several times within North America.
• he tariffs on finished vehicles took effect April 3, with tariffs on parts expected May 3. Officials in Canada say that since some parts go back and forth across the border multiple times, the Trump administration hasn’t figured out a formula for the parts tariffs yet, Global News reports.

Seriously?

The “stable genius” is playing an infantile game and making extra cash for the rich sycophants…..if it is so good then how much did you make off these games?

When all this silliness is gone can the economic outlook be repaired?

Watching the wild lines of the S&P 500, U.S. Treasury bond yields, and various foreign markets is how I’ve spent most of the past week. This felt familiar; I’d spent much of 2017 doing the same, following the vagaries of the first Trump administration and tracking the markets’ reactions like a nurse checking a patient’s heart rate.

But despite that familiarity, this isn’t the same as last time. I actually wish it were. This time, there’s no coming back from this quickly. Whoever is elected the 48th president won’t be able to easily rebuild what Donald Trump is busy destroying. Countries can and will move on without the United States. Their firms will establish new supply chains and pursue other markets. Even if the U.S. were the ultra-dominant trading partner it used to be, the credibility of the nation’s promises, its treaties, its agreements, and even its basic rationality has evaporated in just weeks.

The Us after this debacle of ignorance may never be the economic anchor of the world that it has enjoyed for so many decades.

And we owe it all to the idiot  Donny and his minions of doom that he lets run the country and the economy.

I Read, I Write, You Know

“lego ergo scribo”