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.
Agreed that it’s insider trading.
But how will this contribute to monopolization of the corporate sector and harm small/medium businesses? Why would all of this increase their corporate control of other large corporations?
I’m not saying that isn’t their goal, because it clearly is. But I don’t see how pump and dumps necessarily help them achieve that. Especially now that everyone with a brain knows this is what they’re going to keep doing