Moody’s decision to downgrade the US’s credit rating is a slap on the wrist. In the past, the US might have dismissed it, but investors are signaling they think America is fundamentally untrustworthy — and they may soon put hard limits on Trump's program.

Moody’s decision to downgrade the US’s credit rating is a slap on the wrist. In the past, the US might have dismissed it, but investors are signaling they think America is fundamentally untrustworthy — and they may soon put hard limits on Trump’s program.

  • frezik@midwest.social
    21·
    2 days ago

    Biden kept quite a few of the tariffs Trump did in his first term. Even increased some of them.

    • Brainsploosh@lemmy.world
      31·
      2 days ago

      I mean, tariffs are a long term economic stimulus tool, changing them every week gets the economy, allies, and the private sector very nervous as you might have noticed these last few months.

      You might even have heard that companies protest investing in new production capabilites as they don’t know what the tariffs will be in 3 years when the production facility is done.

      I’ll state the same as in the other comment. Not flip-flopping is the expected norm to maintain stability, relationships and long term governance. Poor choices have effects over many years, as drastic changes every 4 years have even more damaging effects.