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Trump delays tariffs as the rest of the world plays hardball (www.bbc.com)

submitted 1 month ago by babysandpiper@sopuli.xyz to c/economics@lemmy.world

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Donald Trump's White House had grandly promised "90 deals in 90 days" after partially pausing the process of levying what the US president called "reciprocal" tariffs.

In reality, there won't even be nine deals done by the time we reach Trump's first cut-off date on 9 July.

The revealing thing here, the poker "tell" if you like, is the extension of the deadline from Wednesday until 1 August, with a possibility of further extensions - or delays - to come.

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[–] ReallyActuallyFrankenstein@lemmynsfw.com 5 points 1 month ago (1 children)

Ok, yes, sure... but - and stay with me here - what should you do if you're the single most incompetent and confident person on the planet, surrounded by morons you chose solely because they would agree and amplify everything you say? What then, Mr. Smart G- I mean, Pancake?

[–] wise_pancake@lemmy.ca 2 points 1 month ago

I would probably misunderstand companies buying raw materials for cheap and turning them into high priced commodities as a weakness.