Summary
Donald Trump abruptly reversed his tariff policy Wednesday, announcing a return to a 10% baseline tariff on most countries and a steep 125% rate on China.
His administration appeared blindsided, with Treasury Secretary Scott Bessent unable to explain the move and press secretary Karoline Leavitt resorting to combative rhetoric.
The shift likely responds to mounting criticism from conservative allies and market instability marked by a debt sell-off.
Despite confusion and lack of clarity, officials tried to play up Trump’s unpredictability as strategic leverage rather than a sign of disarray.
He shit his diaper and scared himself. He reversed what was supposed to be billion dollar tariffs. What happened to all the calls and people kissing his ass like he said? Did the bonds spook him?
I guess the part that is even more impressive is that his people try their best to vomit up some excuse to cover tangerine man. Deep down, without a doubt, you know his crew is like, this dumb mother fucker. There is no way they aren’t.