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What is the most striking about President Trump The tariff war is that he is pressured by some of his closest advisers and supporters to end the Crusade that increased the world economy.
These are not just media conservatives like Ben Shapiro, Rich Lowry, Ben Domenech and Wall Street Journal. These are longtime rich donors such as Ken Langone, co-founder of Home Depot, who denied the tariffs and cited a 46 percent levnam for Vietnam as an example of “Bika ****”, saying that “right now, what all of the terrified trade war” is.
Second billionaire, investor Hedge Fund Bill Ackman said: “The consequences for our country and millions of citizens who supported the president … will be seriously negative.” Jamie Dimon, CEO of JP Morgan, said: “Whether the tariff menu is still in the question of recession, but it will slow down growth.”
The most famous defect is Elon muskwho, according to the Washington Post, privately called Trump not to go forward with heavenly tariffs. Now it’s public: publicly:
“Ideally, both Europe and the United States should move to a zero tariff situation, effectively creating a free trade zone between Europe and North America.” Even the richest man in the world and the main budget could not convince the boss, and he is out of reservation.
Musk also captures shots on the strongest tariffs in White housePeter Navarro, calling him “truly moron”, “stupid brick bag”, and, in a particularly juvenile stab, “Peter Navarrdo”.
In addition to sounding against the Tariff of President Trump, Elon Musk threw several rhetorical blows on the firm Pro-Tarif of Peter Navarra. (AP)
The aforementioned Navarro, you will be happy to hear, go to Fox and guarantee that there will be no recession. So you can continue your regular breathing.
This does not help Trump that after the early recondent of yesterday’s decay, Dow dropped another 320 points, after a dramatic fall that decimated the stakes of people and 401-pK. The Constitution, by the way, says Congress is in charge of tariffs.
Almost no one is sure, including Bibi Netanyahuwho came to the White House on Monday in a ring gesture, imposed a payment for the US, but still hit by a 17 percent tariff. Against Israel, our main ally in the Middle East and the only democracy of the region?
And escalation with ChinaOur biggest opponent, he was predictable. Trump hit Beijing with a 54 percent tariff (including an earlier 20 -pointed levy). Beijing returned, as promised, with 34 percent of tariffs on American goods, struggling with what he calls blackmail.
Wouldn’t we do exactly the same thing that the roles are reverse?
But Trump seemed to be personally offended, and now he promises an additional 50 percent of tariffs to the Chinese. This is how the trade wars come out of control. And China interrupted the Tictok sales negotiations to the US owner.
Media harlots also encouraged the market volatility. On Monday, the Bloomberg is identified as a Walter Bloomberg, not associated with any news-this: “Hassett: Trump considers a 90-day break in tariffs for all countries except China.”
Media harlots and one claiming that Kevin Hassett, director of the White House Economic Council, said Trump considered a 90-day tariff break-just worse volatility of the market. (Andrew Harrer/Bloomberg via Getty Images)
This extinguished the stock market. Apart from Kevin Hassett, director of the White House Economic Council, he never said that.
But the morning anchor CNBC Carl Quintanill told the viewers: “I think we can start with this title.
Reuters then ran with this title: “Wall Street turns the course after Hassett’s comments on a tariff break.”
What Hassett actually said, when asked by Fox whether Trump would consider the 90-day tariff break: “I think the president will decide what the president will decide.” It’s not exactly the same. But the marketplace hit.
Later, the wire service acknowledged the mistake: “Reuters withdrew an incorrect report and regrets his mistake.”
Trump, watching the third term, continues to attack elite institutions – and many are baked
Later, the CNBC spokeswoman said: “While in real time we persecuted news of the market moves, we broadcast unannounced information on the banner. Our journalists quickly made a correction in the air.”
Meghan McCain posted a wider movement against the media: “There are so many hypocritical heads to talk on TV, saying they don’t care about losing money or that they’re in that Financial pain While. Most of you are married to bros finances, come from rich families or have huge media contracts. You have a pillow …
“One of my best friends buys groceries for his family based on coupons that each store has. I assure you that a possible recession or a huge price increase will be a different experience for her family from you.”
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Is there an output ramp? White house officials say 70 countries were in contact, seeking a negotiating settlement. Some, of course, did it in Run until “Liberation Day”. The president could reach many settlements, proclaim a victory and earn his tariff war.
At this point, he does not show the tendency of this, pushing the tariff idea from the 1980s and repeatedly promising such an approach during last year’s campaign.
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I wrote a book on Wall Street and the media, talked to many top traders, as well as business anchors and commentators. I understand the nature of the culture for making my hair. Everyone expected Donald Trump to impose large tariffs, just not at this stratospheric level.
