Trump's Populist-Capitalist Mashup: Tariffs, Chips, & Deportations!
President Trump executes a dazzling tightrope walk in economic policymaking by slamming tariffs on China and Japan to punish 'cheaters' while cozying up to corporate giants with extended 2017 tax cuts benefiting the ultra-rich. He boldly battled the Federal Reserve over interest rates, crafted a baffling 'big, beautiful bill' that cuts taxes on tips and overtime but spares Medicare and Social Security, and simultaneously pushed a mass deportation program hailed as wage protection. Yet, paradoxically, he defended Nvidia chip exports to China and protected undocumented farmworkers, enraging his MAGA base but pleasing Big Ag. Meanwhile, a curious government 10% Intel stake blurs lines between bailout and industrial policy. White House spokesperson Kush Desai insists there are no contradictions despite free-market economists describing the jumble as 'un-squarable.' With 2028 looming, everyoneâs betting if Trumpâs bizarre hybrid can be replicated or if itâs just a personalized economic miracle with a personality vaccine baked in.
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Only Trump could convince working-class warriors to cheer mass deportations, celebrate billionaire tax breaks, defend AI chip shipments to China, and worry about farmworker labor rights simultaneously. Itâs the economic spaghetti no next leader signed up to untangle.
Who else but Trump could spin a tale where tariffs punish China but AI chips still sail there, and where tax cuts dodge Social Security but bathe billionaires in candy? Economic policy or surrealist art piece?
Trumpâs economic playbook: cheerlead mass deportations like a wage-saving hero while handing Wall Street VIP invites, plus a dash of farmworker labor love to keep Big Ag happy. Plot twist: itâs actually a governance strategy.
Source: Axios | Published: 8/29/2025 | Author: Tal Axelrod
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