The lying Malignant Fascist has been manipulating expectations on his disastrous tariff policy after he realized after his April 2 tariff "liberation day" that it was tanking the stock and bond markets. By putting out false stories about dozens of countries lining up to make a deal, the failed businessman was juicing the stock market as it dipped into bear market country.
As evidence of the MF's deceit, the government of India was forced to dispute the MF's lie about India reducing its tariffs on U.S. goods to zero, as reported by the BBC:
"US President Donald Trump's claim that India has offered to drop all tariffs on goods imported from his country has been swiftly disputed by Delhi.
In a statement to local news agencies India's foreign minister S Jaishankar countered the claim saying talks are still going on and "nothing is decided till everything is".
The statement is in stark contrast to comments by Trump to reporters earlier in the day, when he declared Delhi had "offered us a deal where basically they are willing to literally charge us no tariff". (our emphasis)
Earlier today, the MF acknowledged that countries actually haven't been lining up to kiss his ass negotiate a trade deal, contrary to the dishonest claims he's made. From CNN:
"At the conclusion of his Middle East trip Friday, Trump acknowledged that trade negotiations are progressing too slowly to accommodate every country that wants to strike a new trade deal with the United States. So Trump said he’d give other countries a few more weeks, and then Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick would simply tell America’s trading partners what their new tariffs are.
“We have, at the same time, 150 countries that want to make a deal, but you’re not able to see that many countries,” Trump said during a business roundtable in Abu Dhabi Friday. “So at a certain point, over the next two to three weeks, I think Scott and Howard will be sending letters out, essentially telling people – we’ll be very fair – but we’ll be telling people what they’ll be paying to do business in the United States.” (our emphasis)
"In the next two to three weeks" sounds like the timeline for the MF's "infrastructure plan" or his "health care plan" neither of which ever happened. The MF has pulled these stunts before, as we noted in 2018 with China. Unlike Wall Street, which has taken the MF's lies as the gospel in order to pump the market before the reckoning comes, countries are looking at options for their exports and discussing imports from friendlier nations with less volatile, vindictive and ignorant leaders.
(photo: Liberation [from lower prices] Day. Brendan Smialowsky/ AFP via Getty Images)
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