cross-posted from: https://lemmy.world/post/28194139

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.

“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.”

  • Rentlar@lemmy.ca
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    2 months ago

    At this rate, by next week Howard Lutnick will be reading Reddit’s Wallstreetbets sub for advice on how to run the economy. The utter stupidity and incompetence are off the charts this month.