Trump Does his Awesome New Tariffs. Winning!!

Per CNBC, White House says pause in tariffs is fake news. LOL!

 

You could be sitting pretty of Trump does what he usually does, backtrack and fabricate some false basis for a “win.” And the market looks to be heading towards that, particularly is the Twitterverse is to be believed (and hopefully it is, and some of the long-term, self-inflicted injury to our country can be repaired (like the new international perception that trade with the US, and business in the US, is no longer safe and reliable).

 

And the retank happens. I wonder who walked away with a few billion on that. White collar crime is basically legalized by the Trump folks anyway, so why not, I guess.

 

maybe giving power unto Caeser was not such a good idea after all

Rep. Bacon on support for House measure to claw back authority over trade

"It's time that Congress restores its authorities here," Bacon said on "Face the Nation with Margaret Brennan."

Bacon argued that the Constitution is clear on the issue, giving Congress "the power of tariffs and taxes, and we gave some of that power to the executive branch," which he called a "mistake."

The bill is companion legislation to a measure introduced in the upper chamber last week by Sens. Maria Cantwell, a Washington Democrat, and Chuck Grassley, an Iowa Republican, aimed at reasserting Congress' role over trade policy. The measure, known as the Trade Review Act of 2025, would require the president to give Congress 48 hours' notice before imposing or raising tariffs. The president would have to include an explanation and analysis of the potential impact, while lawmakers would have the ability to end the levy with a joint resolution.

"We have a total of seven Republicans in the Senate," Bacon said, adding that he plans to unveil his House bill, with some beginning support, on Monday.

 

Haha, yeah when the post was deleted I looked around and saw that. Normally I’d say this was a case of social media stirring up crap but with this admin you never know.

 

Musk Melts Down at Trump’s Tariff Guru as Feud Goes Public

Elon Musk has taken a massive swipe at President Donald Trump’s trade adviser amid the deepening economic chaos caused by the sweeping “Liberation Day” tariffs.

In a Saturday X post, the Tesla CEO ripped Peter Navarro as someone who “ain’t built s--t” and shaded his Harvard PhD in economics as “a bad thing, not a good thing.”

Musk, who’s openly expressed disdain for Ivy League institutions, commented, “yup” under a quote from U.S. economist Thomas Sowell that read: “In every disaster throughout American history, there always seems to be a man from Harvard in the middle of it.”

 

collapse our service industry 87% of the economy to get jobs for robots in 5 years...brilliant

Germany Seeks Strongest EU Trade Tool to Hit Back at US Tariffs

Germany wants the European Union to consider using its most powerful tool to retaliate against US President Donald Trump’s trade war. “We have to take a close look at the anti-coercion instrument, which are measures that go far beyond tariff policy,” including digital services, German Economy Minister Robert Habeck said Monday, referring to a measure that would allow the bloc to target Big Tech companies.

That tool, typically labeled the “bazooka” in the EU’s trade arsenal, was established primarily as a deterrent option to avoid coercive economic practices by major trade partners such as China or the US.

The instrument allows for a broad range of options including restricting the operation of third countries’ services in the European market, but features a burdensome process designed to facilitate dialog first and ensure the control of member states.

Over the weekend, France already suggested one response could be regulating the use of data by big American tech platforms.

 

Really wish I had picked up more OXLC under $4.

That said...for the boring play which I plan to do as soon as I see where things stand after paying the irs later this afternoon. DOW was trading around $28 and is at its 52 week low. Now yielding right at 10% with its dividend. I will be dollar costing more into it for sure.

 

how does bailing out previously successful businesses help cut waste and the deficit

MAGA - please explain

A bailout for farmers caught in Trump’s trade war is already being discussed. ‘If we don’t get something, it will be quite a disaster’

• Trump administration officials and lawmakers are considering aid for farmers as retaliation looms against U.S. tariffs. China and Canada have already levied duties on some of the top U.S. agricultural exports. During Trump's first term, farmers got $23 billion after an earlier round of tariffs.

 

National socialism.

 

Would be interesting to see their comments in the past on “government handouts”.

 

The Trump Dump!

 

A feature, not a bug in maga world.

 

Anyone hoping he'd be searching for something to claim as a victory and backtrack can give up on that hope

 

Clearly the markets are aligned with …Satan!

MAGA “prophet” says God warned markets would crash "to make our president look bad”

 

Trump started a trade war with almost every nation in the world (except Russia), based on some made up data and bogus charts, and now says he’s ready to talk…

 

did someone tell him about those required mineral thingys that we have to have to build important stuff with

 

First we had the penguins getting tariffed. Now, we find out that the polar bears of Jan Mayen Island (0 permanent resident humans, but they do have polar bears) are getting tariffed. It should be noted, however, that they aren't as bad as those evil Norwegians (who administer the island) because their tariff rate is lower than Norway.

 

When goods don't cross borders, soldiers will.

 

it’s amazing to think about what kind of incompetent moron would produce a chart with made up tarriffs coming from uninhabited arctic islands that are not even counties — or even separate governments from the country that controls them. I know Trump didn’t make the charts himself, but he must be surrounded by lazy, worthless, assistants if they thought it was good idea to tell him to go on TV and hold up those charts…