Summary

Donald Trump abruptly reversed his tariff policy Wednesday, announcing a return to a 10% baseline tariff on most countries and a steep 125% rate on China.

His administration appeared blindsided, with Treasury Secretary Scott Bessent unable to explain the move and press secretary Karoline Leavitt resorting to combative rhetoric.

The shift likely responds to mounting criticism from conservative allies and market instability marked by a debt sell-off.

Despite confusion and lack of clarity, officials tried to play up Trump’s unpredictability as strategic leverage rather than a sign of disarray.

  • BigMacHole@lemm.ee
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    6 days ago

    I’m a Free Thinking Republican who just yesterday was Touting how GREAT these Tariffs were for our Economy and how GREAT a Stock Market Crash was for our Economy and I just want to say HAHA SUCK IT LIBARDS THIS was the Plan the Entire TIME! LOOK at that Stock Market SOAR Today thanks to this 5D Chess played by Trump! Even though Yesterday I was saying the Stock Market should be Crashing and Tariffs were GREAT! I THINK for Myself!