r/wallstreetbets • u/s1n0d3utscht3k • Mar 03 '25

News Trump Officially Signs 20% Tariffs on China

https://www.barrons.com/news/trump-signs-order-for-20-tariff-on-china-w-house-d6fec57f
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u/wirez62 Mar 03 '25

How can CEOs support him when he's crushing consumer confidence? I'm thinking of Home Depot for example, they always hire like crazy and make a majority of their money in the Spring. I cant imagine they'll have a good year, scared people will sit on their cash and won't buy decks and patio sets, most of this is imported from China anyways (tools, patio sets, BBQs, lawn mowers) or Canada (lumber) like EVERYTHING is going to skyrocket in price while people are losing their jobs. How do CEOs not openly criticize these plans?

13

u/Ketamine-Cuisine Mar 03 '25

Out of fear. They see the writing on the wall so the next thing is being in the good graces of a dictator so that some of them can come out on top

2

u/wirez62 Mar 04 '25

Fair lol

3

u/lucid-node Mar 04 '25

Ask the Wiener Republic. Same script, different era.

1

u/Ok_Addition_356 Mar 04 '25

Companies always try to play nice with the new admin. At least for a while.

Problem is when they realize that not everyone can be the winner in the end.