is Trump backing down with his tail between his legs..

[pxmcc]

what happened to Mr. Tough Guy..

and the news in fresh from China..

https://sc.mp/4gwrs

and a 2nd walkback, this time over threatening to fire (the very competent and apolitical) Fed Chief Powell..

my guess is the Treasury Secretary talked Trump down, telling him he was on course to wreck the economy..

thoughts?

https://www.npr.org/2025/04/22/nx-s1...powell-tariffs

[pxmcc]

it was probably like, "come down off that ledge sir. you don't need to do this. magas will still love you..

everything will be fine. now just come on down here and take a few deep breaths, sir.."

"you're still a stable genius. i promise. Won you did! keep on winning! you brought China to its knees. best. president. ever. really.."

[Yssup Rider]

I wish he’d have just jumped and put us out of our misery.

THAT would be Winning!

[Jacky S]

Ultimate Gas Light Thread.
Of course the answer to the OP’s question in the thread title is…..”No”

[VitaMan]

The answer is Trump saw the Monday market reaction to his insane Truth Social post on Sunday.


Someone needs to sit with Trump when he is preparing his Truth Social posts.

[Lucas McCain]

Trump is doing the right thing. He'll never admit that his bully China tariff plan was stupid but enough was enough with the damage he was doing to the economy... unfortunately, that flakey idiot may change his mind tomorrow and crash the market again with one post on Truth Social at 2 AM.

Maybe Elon woke him up about reality... https://finance.yahoo.com/news/musk-...161109267.html

On Tesla’s (TSLA) first quarter earnings call last night, CEO Elon Musk reiterated one clear distinction between him and President Trump: He views tariffs as bad.

“I’ve been on the record many times saying that I believe lower tariffs are generally a good idea for prosperity, but this decision is fundamentally up to the elected representative of the people being the president of the United States,” Musk said in his opening remarks. “So, you know, I’ll continue to advocate for lower tariffs rather than higher tariffs, but that’s all I can do.”

[Tiny]

Unfortunately, based on comments Bessent made later this morning, Jacky's probably right. That is, Trump is probably not backing down with his tail between his legs.

Well, if Trump sticks to his guns, what he announced on Liberation Day, perhaps he'll take solace knowing posterity will view Herbert Hoover's stewardship of the economy as worse than his. We're unlikely to experience another Great Depression. On the other hand, Hoover reluctantly signed the Smoot-Hawley tariff act, he didn't come up with the hare brained scheme.

By the way, Liberation Day means liberating you from your money.

Edit: The Wall Street Journal is now reporting that the White House is considering lowering tariffs on Chinese imports to 50% to 65%, or 100% for products that are considered important to national security. The tariffs would gradually be imposed over 5 years. Well, that's better than the lunacy he came up with on April 2, but still crazy. We'd have a 15% average effective tariff rate on our imports, according to a Bloomberg analyst. Instead of having the highest rates except for Bermuda, we'd be 11th highest in the world. The other 10 countries are all in the Caribbean or Africa.

https://en.wikipedia.org/wiki/List_o...by_tariff_rate

[VitaMan]

Not really.


Two things happened:


- Trump saw what his Truth Social post did to the markets Monday
- China found a way to checkmate Trump's bullying by telling other nations there will be consequences if they bow to Trump.



Trump got out maneuvered and his big mouth and fat finger posts got him embarrassed.


No one needs a president like this.

[Yssup Rider]

They need to ground him from social media.

Acting like a fucking simpleton with a new iPhone.

[Jacky S]

It’s almost as if the “Left” is rooting for The Chicoms.

Which is likely true since TDS compels them to do so.

[pxmcc]

i don't want the great depression, part ii, for America. and no sarcasm whatever. Biden left him a dang good economy. we don't want Trump to ruin everything, just so his approval rating ends up in the toilet. totally not worth it.

we still export 16% of the world's exports. let's not ruin everything for them too.

Originally Posted by Jacky S

It’s almost as if the “Left” is rooting for The Chicoms.

Which is likely true since TDS compels them to do so.

[winn dixie]

Just like a cur to back down with his tail between his legs

[Yssup Rider]

Originally Posted by Jacky S

It’s almost as if the “Left” is rooting for The Chicoms.

Which is likely true since TDS compels them to do so.

Don't be foolish.

Why do you assume that if you're not bowing, bending and BBBJing the Commander in Cheat that you're rooting for China?

For someone who claims to love democracy, you sure don't talk like it.

[Yssup Rider]

Originally Posted by Jacky S

It’s almost as if the “Left” is rooting for The Chicoms.

Which is likely true since TDS compels them to do so.

Don't be foolish, Jacky S

Why do you assume that if you're not bowing, bending and BBBJing the Commander in Cheat that you're rooting for China?

For someone who claims to love democracy, you sure don't talk like it.

[Tiny]

Originally Posted by winn dixie

Just like a cur to back down with his tail between his legs

What's a cur WD?