They have to realize all of this though right? They aren't dumb (on some things), just greedy. With the team of experts at his disposal, they have to have considered that people might choose to trade without the US. So either they don't think it will work, they don't think the impact will be that great, or they just don't care.
Whether they know it or not, I think they are more interested in the narrative for the people. Trump doesn't really care what works or doesn't, he just wants the attention and the feelings of power. That is why he admires the dictators.
Yeah, I guess so. The people around him have to get it though.
Supposedly there was panic before he "postponed for 90 days" - seems there was internal pressure, because what they are doing is nonsensical.
Yeah, there was also the fake news of the 90 day postponement a couple days before the actual postponement. You can't tell me that wasn't on purpose!
For sure. Denial of it. Markets crash. then "the biggest day in 60 years" after the announcement. The financials of everyone who knew, and their friends and family, should come under scrutiny.
I totally agree.
I'm not convinced they do realize all of the implications of their actions. Economics has an impossible number of variables to consider and the Trump Admin clearly values loyalty over expertise... so they truly might not understand what they're doing.
Yeah, I guess that could be true. It still seems like at least someone would think of it and point it out...
I think that was true of the 2016 Trump Admin, but it sounds like all the aides, officials and experts who might have disagreed or pointed these things out to Trump previously are gone.
Ah yes, I heard that too somewhere.