Yeah, because he and his buddies are shorting a bunch of stocks that are going to take huge hits. Don't worry though, once the prices tumble and they make their money, Trump will change his mind and drop the tariffs and let the market recover for a bit. Then he'll do it again with some other tariff.
this post was submitted on 11 Feb 2025
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This is the real angle.
Trump and his corral of ethically challenged assholes have plans to take, grift, and wreck every one of the poors. He's going to enact things that push and pull the levers of the global markets, giving a heads up to his collaborators beforehand.
Something like this works in two directions: 1) people shorting the markets it affects, and 2) the people who own the US steel industry or supplies. In 6-12 months after they've profited enough in this direction, they'll just invest in the other direction and change the order.
Who is going to investigate it or stop it at this point?
Costly to who? Not Donald Trump. So he's not gonna care.