Trump’s tariff reversal came after he watched an interview on Fox Business with JP Morgan Chase CEO Jamie Dimon, during which the bank boss said that a recession was a “likely outcome” of the new trade policies, according to the Washington Post.

Trump was asked by a reporter on Wednesday when he decided to put a pause on the tariffs.

“I would say this morning. Over the last few days, I’ve been thinking about it. Fairly early this morning,” he said.

  • Mirshe@lemmy.world
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    2 days ago

    Nah, these guys want a war. War is incredibly profitable, can last forever especially against a near-peer, and wartime presidents tend to get power expansions. They’re hoping this is the push they need to go full Palpatine and say “well we’re in a war, no elections until the war is done, also we’re taking a page from Lincoln and suspending habeas.”