- cross-posted to:
- world@lemmy.world
- cross-posted to:
- world@lemmy.world
After stock markets plummeted in response to Donald Trump’s announcement of widespread tariffs, he suddenly announced a 90-day pause on the new policy. Capital will resist any measure that threatens profits — and that’s just what happened yesterday.
It can be both…
He reacted to the movement in the bond market out of panic, but also saw it as an opportunity to enrich himself and his cronies once he knew he was gonna cancel tariffs because he saw how the market would bounce back based on the tweet the day prior.