logo
Letters: Who benefits from Trump's tariff zigzagging? It won't be businesses or most Americans

Letters: Who benefits from Trump's tariff zigzagging? It won't be businesses or most Americans

Regarding 'Wall Street rises and markets rally worldwide as Trump softens his tough talk on tariffs and the Fed' (Biz & Tech, SFChronicle.com, April 23): It seems we're caught in a loop: Donald Trump giveth and Trump taketh away. What's really going on, and what's the point of this jerking around?
The president claims the tariffs are for our own good and that short-term pain will lead to long-term gain.
But if that's the strategy, why the back-and-forth? Why the sudden 'pauses' or talk of 'nice conversations' with China? If tariffs are the cure, why not just take the medicine and move on?
Our trading partners can't respond meaningfully to U.S. trade policy because there is no consistency. Without stability, trade stagnates.
U.S. businesses are similarly paralyzed. Without a clear direction, how can they decide whether to expand, downsize or reconfigure supply chains? Planning becomes nearly impossible in a policy environment that shifts by the tweet.
And there's the markets. Investors — including everyday Americans with 401(k)s and retirement accounts — watch helplessly as their savings swing wildly.
Meanwhile, speculators with insider knowledge of what Trump will say next can potentially profit handsomely from these market shocks.
I hate to think this is by design, but I struggle to see who else benefits from this chaotic approach.
If the economy collapses under this weight, there won't be any winners, and I fear that the consequences of this recklessness could be severe.
David Posner, Napa
Research is worthy
The money is not an entitlement but an investment in our society. Much of the funding awarded to Harvard University is for science, including research regarding obesity, organ transplants, cancer and neurodegenerative diseases.
Harvard also gets funding from other sources, but after World War II, it became an initiative of the U.S. government to invest in science and research with our universities, which has made us the world's leader in innovation.
Important research should not be held hostage to the whims of our president, and universities need to be able to educate and conduct research without the oversight of a political agenda.
Michael McNally, Concord
Gender identity matters
Regarding 'UK right about sex' (Letters to the Editor, April 21): Letter writer Curtis Carlson's usage of 'performative' and 'superficial' is problematic. One cannot simply dismiss gender identity in that manner.
While most of the time biology and identity are in alignment, sometimes they are not, creating a condition called gender dysphoria, according to the Diagnostic and Statistical Manual of Mental Disorders, the primary reference for psychiatry.
Gender dysphoria affects a minuscule percentage of the population, which is why it's shocking that it has become headline-grabbing.
I've known people who have transitioned, and they've gone from being in distress to being strong, confident and comfortable with themselves.
As a society, I'm not sure why it's so hard to just be supportive, understanding and loving to them.
Roger Feigelson, Belmont
Why the negativity?
What's next, bemoaning the decrease in fentanyl overdoses because it hurts the livelihood of drug dealers?
Matt Goldberg, Oakland
The real rube
Regarding 'Warriors assistant rallies behind Steve Kerr after ex-part owner's 'hapless rube' jab' (Scott Ostler, SFChronicle.com, April 22): Tech billionaire Chamath Palihapitiya criticized Warriors head coach Steve Kerr for expressing support for Harvard University because it is an 'institution that hinders free speech and fosters antisemitism.'
There is a rube in this discussion, and it is not Steve Kerr.
Bret Yeilding, South Glastonbury, Conn.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why Lucid Group Stock Sank This Week
Why Lucid Group Stock Sank This Week

Yahoo

time43 minutes ago

  • Yahoo

Why Lucid Group Stock Sank This Week

Key Points Lucid stock fell as the company announced a 10-for-1 reverse stock split. Broader market headwinds, including fresh tariffs and weaker-than-expected job data, added to the pressure on Lucid shares. With ongoing losses and a steep climb to profitability, Lucid faces mounting operational and financial challenges. 10 stocks we like better than Lucid Group › Shares of Lucid Group (NASDAQ: LCID) are trading lower this week, down 17.1% as of 3:37 p.m. ET on Friday. The drop comes as the S&P 500 lost 2.4%, and the Nasdaq-100 lost 2.2%. Lucid has announced plans to initiate a reverse stock split, a move often reserved for companies in danger of delisting from the Nasdaq or NYSE. Its stock is also taking a hit from today's larger macro news. Lucid wants to boost its stock price Though it still needs to be approved by shareholders, Lucid announced earlier this week that it intends to initiate a 10-for-1 reverse stock split. While this won't directly affect the underlying value of investors' positions, it carries negative connotations. A reverse stock split is most often used to keep a share price above the $1 minimum that the New York Stock Exchange and Nasdaq require. Lucid says that there is no danger of the stock falling under $1 and that this is in an attempt to make the stock more attractive to institutions, which sometimes have minimum prices for stocks they will buy. Tariffs and weak job data spook markets President Trump set new rates for his "reciprocal" tariffs on dozens of countries with a fresh executive order. This comes as the latest job data shows a slowdown in hiring, indicating the economic picture might be less rosy than hoped. The U.S. added just 73,000 jobs in July, well below the expected 100,000. Lucid has a long way to go Lucid is at a critical juncture. It must grow sales and reduce costs significantly to show it can reach profitability, which it is still far from doing. I think too many hurdles lie in its way, and I would avoid Lucid stock. Should you invest $1,000 in Lucid Group right now? Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Lucid Group Stock Sank This Week was originally published by The Motley Fool Sign in to access your portfolio

Kevin O'Leary Rips Donald Trump for 'Whacking' Labor Bureau Chief
Kevin O'Leary Rips Donald Trump for 'Whacking' Labor Bureau Chief

Newsweek

time44 minutes ago

  • Newsweek

Kevin O'Leary Rips Donald Trump for 'Whacking' Labor Bureau Chief

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Shark Tank investor Kevin O'Leary ripped President Donald Trump over his firing of U.S. Bureau of Labor Statistics (BLS) Commissioner Dr. Erika McEntarfer on Friday after a disappointing jobs report. Newsweek reached out to an economic analyst via email for additional comment. Why It Matters Trump's decision to oust McEntarfer has triggered widespread concern among economists, business leaders and former government officials about the independence of U.S. economic data reporting. The abrupt dismissal followed the release of lackluster job numbers and marked a rare direct intervention by a president in the work of a nonpartisan federal agency responsible for compiling critical economic statistics. The number of new jobs for July dipped well below even modest expectations, with only 73,000 positions added, compared to the Dow Jones estimate of 100,000. This move has now fueled debate over the politicization of federal agencies, the integrity of government data and potential impact on market and public trust in official economic indicators. What To Know Trump announced McEntarfer's firing on Truth Social Friday, also accusing her of manipulating data to benefit former Vice President Kamala Harris around the 2024 presidential election "to try and boost Kamala's chances of Victory." While speaking on CNN after Trump's announcement, O'Leary was asked about Trump's economic policies impacting him as an investor. "I don't look at one day's trading and decide I'm going to change my strategy," O'Leary said. "I want markets to correct. I want them to go up and down. We're used to volatility. We had a bad print on jobs. I did not agree on whacking the commissioner. I don't like that." O'Leary continued: "Whacking statisticians makes no sense whatsoever. You don't shoot the messenger. They used to do that in Ancient Rome. Bad news. They'd kill a guy off the horse. You don't need to do that now. It doesn't matter. This is a job where you just print data. So, I didn't like that story." "I think the market is a little concerned about major trading partners not getting deals yet that make sense. It's not a good idea to have 35 percent tariffs on Canada, we know that that's coming into place at midnight right now, unless something magic happens," O'Leary added. McEntarfer's firing coincided with a significant drop in U.S. stock markets on Friday. The Dow Jones Industrial Average lost 542 points (1.2 percent), the S&P 500 fell 1.6 percent and the Nasdaq composite dropped 2.2 percent. This downward movement was attributed to both weak job figures and a new round of U.S. tariffs announced by Trump. Kevin O'Leary, chairman of O'Leary Ventures, is poised to speak before a Senate joint hearing on April 9 in Washington, D.C. (Photo by) Kevin O'Leary, chairman of O'Leary Ventures, is poised to speak before a Senate joint hearing on April 9 in Washington, D.C. (Photo by) What People Are Saying JB Pritzker, Democratic governor of Illinois, posted to X on Friday: "Donald Trump just fired the head of the Bureau of Labor Statistics because she stated the facts. And the facts show his policies are a disaster for the American economy. Trump said he'd be a dictator on day one and that's just what he's acting like." Trump, in an interview with Newsmax's Rob Finnerty on Friday: "We had some difficulties with her, and there had been a lot of questions and we fired her because we didn't believe the numbers today." What Happens Next It remains uncertain who will be nominated as the next permanent BLS commissioner. Trump announced on Truth Social that McEntarfer "will be replaced with someone much more competent and qualified." Former BLS chief William Beach and other Friends of BLS Co-Chairs called for an investigation of Trump's firing of McEntarfer.

Trump deploys nuclear submarines in row with Russia
Trump deploys nuclear submarines in row with Russia

Yahoo

timean hour ago

  • Yahoo

Trump deploys nuclear submarines in row with Russia

US President Donald Trump ordered the deployment of two nuclear submarines Friday in an extraordinary escalation of what had been an online war of words with a Russian official over Ukraine and tariffs. Trump and Dmitry Medvedev, the deputy chairman of Russia's security council, have been sparring on social media for days. Trump's post on his Truth Social platform abruptly took that spat into the very real -- and rarely publicized -- sphere of nuclear forces. "Based on the highly provocative statements," Trump said he had "ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that." "Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances," the 79-year-old Republican posted. Trump did not say in his post whether he meant nuclear-powered or nuclear-armed submarines. He also did not elaborate on the exact deployment locations, which are kept secret by the US military. But in an interview with Newsmax that aired Friday night, Trump said the submarines were "closer to Russia." "We always want to be ready. And so I have sent to the region two nuclear submarines," he said. "I just want to make sure that his words are only words and nothing more than that." Trump's remarks came hours after Russian President Vladimir Putin said Moscow had started mass producing its hypersonic nuclear-capable Oreshnik missile, and could deploy them to Belarus, a close Russian ally neighbouring Ukraine, by year-end. The nuclear sabre-rattling came against the backdrop of a deadline set by Trump for the end of next week for Russia to take steps to ending the Ukraine war or face unspecified new sanctions. Despite the pressure from Washington, Russia's onslaught against its pro-Western neighbor continues to unfold at full bore. An AFP analysis Friday showed that Russian forces had launched a record number of drones at Ukraine in July. Russian attacks have killed hundreds of Ukrainian civilians since June. A combined missile and drone attack on the Ukrainian capital Kyiv early Thursday killed 31 people, rescuers said. Putin, who has consistently rejected calls for a ceasefire, said Friday that he wants peace but that his demands for ending his nearly three-and-a-half year invasion were "unchanged". Those demands include that Ukraine abandon territory and end ambitions to join NATO. Putin, speaking alongside Belarusian President Alexander Lukashenko, said Belarusian and Russian specialists "have chosen a place for future positions" of the Oreshnik missiles. "Work is now underway to prepare these positions. So, most likely, we will close this issue by the end of the year," he added. - Insults, nuclear rhetoric - The United States and Russia control the vast majority of the world's nuclear weaponry, and Washington keeps nuclear-armed submarines on permanent patrol as part of its so-called nuclear triad of land, sea and air-launched weapons. Trump told Newsmax that Medvedev's "nuclear" reference prompted him to reposition US nuclear submarines. "When you mention the word 'nuclear'... my eyes light up. And I say, we better be careful, because it's the ultimate threat," Trump said in the interview. Medvedev had criticised Trump on his Telegram account Thursday and alluded to the "fabled 'Dead Hand'" -- a reference to a highly secret automated system put in place during the Cold War to control the country's nuclear weapons. This came after Trump had lashed out at what he called the "dead economies" of Russia and India. Medvedev had also harshly criticized Trump's threat of new sanctions against Russia over its war in Ukraine. Accusing Trump of "playing the ultimatum game," he posted Monday on X that Trump "should remember" that Russia is a formidable force. Trump responded by calling Medvedev "the failed former President of Russia, who thinks he's still President." Medvedev should "watch his words," Trump posted at midnight in Washington on Wednesday. "He's entering very dangerous territory!" Medvedev is a vocal proponent of Russia's war -- and generally antagonistic to relations with the West. He served as president between 2008-2012, effectively acting as a placeholder for Putin, who was able to circumvent constitutional term limits and remain in de facto power. The one-time reformer has rebranded over the years as an avid online troller, touting often extreme versions of official Kremlin nationalist messaging. But his influence within the Russian political system remains limited. In Kyiv on Friday, residents held a day of mourning for the 31 people, including five children, killed the day before, most of whom were in a nine-storey apartment block torn open by a missile. Ukrainian President Volodymyr Zelensky said only Putin could end the war and renewed his call for a meeting between the two leaders. "The United States has proposed this. Ukraine has supported it. What is needed is Russia's readiness," he wrote on X. burs-sms/sco/tym

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store