President Donald Trump said late Sunday that he has ordered the U.S. Treasury Department to stop producing pennies.

  • Pyr_Pressure@lemmy.ca
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    19 hours ago

    Did he literally just cancel it and not put into place any sort of policy or rules in regards to the logistics of doing so or did he actually have a plan to phase it out?

    In Canada we have rules in place for things like purchasing in cash and rounding up to the nearest $0.05 or rounding down to the nearest $0.05 depending on what the cost is after taxes but if it’s being paid for by card no rounding is necessary. Are any of those rules in place or even thought about it more deeply than penny needs to go? The article doesn’t mention anything except cancelling it because of money.

    • Flying Squid@lemmy.world
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      11 hours ago

      Yep. Just like his tariffs. Tariffs that don’t offer alternatives to American businesses are self-inflicted wounds.

    • jmcs@discuss.tchncs.de
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      15 hours ago

      Regulating rounding seems like something that needs to be done with a proper law, not an executive act.

      So I’m 99% sure he just stopped production and he and his sycophantic merry band didn’t think about the consequences.

    • Evotech@lemmy.world
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      12 hours ago

      Trump rarely have a plan beyond the initial order. That’s for other people to figure out