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What is most striking? President Trump The tariff war is that it is put under pressure by some of his closest consultants and supporters to end the crusade that increased the global economy.
It is not just media conservatives such as Ben Shapiro, Rich Lowry, Ben Domenech and the Editorial Page of Wall Street Journal. It is long-time wealthy donors such as Ken Langone, co-founder of Home Depot, who quarreled the tariffs and quoted the 46 percent delivery of Vietnam as an example of “Bull ****”, which the financial time said that “what everyone is afraid is a trade war”.
Another billionaire, hedge fund investor Bill Ackman, said: “The consequences for our country and the millions of citizens who supported the president will be difficult to negative.” Jamie Dimon, CEO of JP Morgan, said: “However, the growth will slow down whether the tariff menu causes a recession or not.”
The most famous defector is Elon MuschusWho privately asked Trump Trump, according to the Washington Post, not to advance the sky -high tariffs. Now he has gone to the public:
“Ideally, both Europe and the United States should switch to a situation with zero tariffs and effectively create a free trade zone between Europe and North America.” Even the richest man and the main budget in the world could not convince the boss and he is not reserved.
Musk also makes shots the strongest collective bargaining in the White housePeter Navarro, who really calls him an idiot, “Dümmer than a sack of brick”, and in a particularly young stitch “Peter Navarrdo”.
Elon Musk not only countered President of Trump’s tariffs, but also threw a few rhetorical strokes on the strong pro tariff Peter Navarro. (AP)
The Navarro mentioned above, which you are looking forward to, went to Fox and guarantees that there will be no recession. So you can breathe all regularly.
It does not help Trump that after an early rally yesterday the Dow after a dramatic decline, which decimated the shares of the people and 401 km, fell by another 320 points. Incidentally, the constitution says that the congress is responsible for tariffs.
Almost nobody is certain, including Bibi NetanyahuThe one who came into a ring kiss gesture on Monday did not impose any taxes on the United States, but still hit a tariff of 17 percent. Against Israel, our main ally in the Middle East and the only democracy in the region?
And the escalation With ChinaOur biggest opponent was predictable. Trump had met Beijing with a tariff of 54 percent (including earlier 20 percent tax). As promised, Beijing struck with a tariff of 34 percent to US goods and fought against what it calls blackmail.
Wouldn’t we have done exactly the same if the roles were reversed?
But Trump pretended that he was personally insulted and now swore an additional 50 percent tariff on the Chinese. Commercial wars are shirking out of control. And China cut the negotiations on the sale of Tikkok to an American owner.
Media errors have also fueled the volatility of the market. On Monday, Bloomberg-Das is called someone who was identified as Walter Bloomberg and is not connected to a news agency-:
Investigating the media error-one who claimed, Kevin Hassett, director of the White House Economic Council, said Trump is considering a 90-day tariff-pause-NUR the volatility of the market. (Andrew Harrer/Bloomberg via Getty Images)
This made the stock market. Apart from the fact that Kevin Hassett, director of the White House Economic Council, never said.
However, the CNBC morning anchor Carl Quintanilla said to the audience: “I think we can go with this heading. Apparently Hassett said that Trump will consider a 90-day break in tariffs for all countries with the exception of China.”
Reuters then ran with this heading: “Wall Street reverses the course after Hassett’s comments on the tariff break.”
What Hassett actually said when he was asked about Fox whether Trump would consider a 90-day tariff break: “I think the president will decide what the president will decide.” Not exactly the same. But the market scored.
The wire service later admitted the mistake: “Reuters has withdrawn the wrong report and regrets his mistake.”
Trump, who observes the third term, repeatedly attacks Elite institutions – and many hang after
A CNBC spokeswoman later said: “When we pursued the news about the market movements in real time, we broadcast unconfirmed information in a banner. Our reporters quickly made a correction in the air.”
Meghan McCain has posted a broader blow against the media: “There are so many hypocritical speaking minds on television who say that they don’t care about losing money or being Financial pain for a while. Most of them are married to Finanzbros, come from rich families or have huge media contracts. You have a pillow …
“One of my best friends buys their food for their family, based on the vouchers that every business has. I assure you that a possible recession or an enormous increase in prices will be a different experience for your family everywhere.”
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Is there a starting ramp? Officials from the White House say that 70 countries are in contact and were looking for a negotiated agreement. Of course, some of them did this for the “liberation day”. The president could reach many of the settlements, explain the victory and attribute his tariff war.
At the moment he shows no tendency after he has promised the tariff idea since the 1980s and repeatedly promises such an approach last year.
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I wrote a book on Wall Street and in the media and spoke to many top dealers as well as with business anchors and commentators. I understand the hair triggers of culture. Everyone expected Donald Trump to impose high tariffs, just not on this stratospheric level.
