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- cross-posted to:
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Archive: https://archive.is/2025.04.12-132331/https://www.ft.com/content/3eb48a07-7cb0-4a44-9159-eb5b402c2fec
The Trump administration has excluded smartphones from its steep “reciprocal” tariffs as it battles to calm global markets by tempering its approach to the multifront trade war launched by the president.
According to a notice posted late on Friday night by Customs and Border Patrol, which is responsible for collecting tariffs, smartphones, along with routers and selected computers and laptops, would be exempt from reciprocal tariffs, which include the 125 per cent levies Donald Trump has imposed on Chinese imports.
But his uber rich masters made out like bandits buying up the depreciated stock, then reselling when they rose days later. Green is in the spotlight over it, because she’s so arrogant, being a trust fund millionaire’s daughter, that she thinks she’s untouchable.
Let’s be clear. Trump is a demented, narcissistic idiot, a useful fool. He’s not in charge of anything. He’s doddering around his golf course. The people who are handling him for the Oligarchs, and the Oligarchs themselves, are the true danger.
I’m not going to disagree with that, there are certainly people who are benefiting from his chaotic nature, and how easily manipulated he is.
That said, I still think it’s a mistake to think that anyone has any strategy or plan.
As I stated, Trump doesn’t. His one and only motivation is to appear to be a badass.
His masters, however…