Trump Admin Walks Back Tariff Exemption On Electronics
www.huffpost.com
U.S. Customs and Border Protection claimed late on Friday that imported electronics, such as smartphones, laptops and more, would be exempt from Trump’s tariffs.

Donald Trump and White House officials walked back a Friday announcement that there would be tariff exemptions on imported electronics.

In a Truth Social post on Sunday, Trump directly denied the tariff exemption announcement.

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“This is really mind-boggling. If this was serious industrial policy, the main thing you want is certainty: ‘Here’s the tariff, it will be in place for the indefinite future, and you should plan accordingly,’” Dean Baker, an economist at the Center for Economic and Policy Research, a left-leaning think tank, said, according to The Washington Post. “Here, it’s basically: ‘Come back next week and see what we’ve got.’ That’s no way to run an economy.”

    • TheDemonBuer@lemmy.world
      341·
      7 days ago

      I think that’s a good idea, but, unfortunately, if put to a vote, I’m confident the American people would vote against it.

    • ArbitraryValue@sh.itjust.worksEnglish
      82·
      7 days ago

      I don’t think that what K-to-12 schools are capable of teaching even in the best-case scenario can be sufficient to equip the average person with the knowledge and critical thinking skills necessary to, for example, evaluate complex economic policy on its merits. I have a STEM PhD but it isn’t in economics and I don’t think I can evaluate economic policy well - I go with the consensus of economists, but that’s easy for me because I think their best interests and mine are aligned. (I want to see the stock market go up.) I’m not sure what a person whose interests are not aligned with the economists’ is supposed to do… Listen to ignorant demagogues who promise everything, apparently.