Trump finalizes tariffs on Canada, Mexico, China, triggering likely trade war

MAGA, please call your senators. this is insane

surely even you guys cannot support this. he admits he has no clue, no data, but the orange one said we're good so we just need to continue to believe in his superior guidance

Billionaire Commerce Secretary Howard Lutnick Told Out-of-Work Longshoremen “Be Positive” On Tariffs, Then Trump Threatened More

Even at that time Lutnick admitted he was going on faith, rather than data-based economic tariff forecasts: “The president is very optimistic and positive, so you should be very optimistic and positive because the President truthed it out, and I rely on the president.”

 

The president "truthed it out" so I am good.

 

I'm assuming that's MAGA akin to tablets from the burning bush?

 

Market manipulation is over....

 

yep. command economies suck.
"On behalf of the American people, I own the store, and I set prices, and I'll say, if you want to shop here, this is what you have to pay." Commie Donnie

 

Shocking. Trump delays EZU tariffs. I dont do much business with the EU so it doesnt overaly affect me. But Trump disrupting markets to the joy of the clown march (maga) has become routine.

Dow Jones Futures Rise As Trump Delays EU Tariffs; Nvidia Earnings Ahead, Tesla Has New Entry | Investor's Business Daily

 

Whiplash diplomacy

 

Traders have moved to calling Trump ‘TACO’ for short - Trump Always Chickens Out. All those libbie traders being reported in libbie NY Post I guess - oh wait.

Dow soars more than 700 points after Trump postpones tariffs on EU

But experts warned that it seems market volatility is here to stay as long as Trump continues his back-and-forth tariff news.

Some investors, after picking up on Trump’s ever-changing stream of tariff news, have invented a so-called “TACO” trade – an acronym for “Trump Always Chickens Out” – to deal with market fluctuations.

“Once he delivers bad news, investors are buying those stocks when they are beaten down waiting for him to chicken out and watching those stocks rebound in value,” Ted Jenkin, president of Exit Stage Left Advisors, told The Post.

Wall Street Investors Mock Trump With A Brutal 4-Letter Code Word

 

@g8orbill gave this a come on man. Probably thinks I made up that quote. Here's the transcript.
Read the Full Transcript of Trump’s ‘100 Days’ Interview

 

et tu Elon

Elon Musk Joins GOP Critics of Trump’s ‘Big, Beautiful’ Bill

“I was disappointed to see the massive spending bill, frankly, which increases the budget deficit,” Musk said in excerpts released Tuesday night from an interview with “CBS Sunday Morning.” He said the bill undermined cost-cutting undertaken by his Department of Government Efficiency.

“A bill can be big or it can be beautiful,” Musk said. “But I don’t know if it can be both.”

The White House didn’t immediately respond to a request for comment about Musk’s remarks. Trump has signaled he is open to changes to the bill in the Senate, telling reporters recently that “some will be minor, some will be fairly significant.”

 

100% he thought you were making that up.

 

He frequently refuses to answer reasonable questions, this is probably one question he should have refused, it was nasty. Instead he provides quite the rambling answer.

 

He looked drunk in that presser. Someone needs a wellness check. I cant believe his cruel family is putting him out there.

 

And now the tariffs are blocked. Bwahahahaha

 

One man can’t just put the world at his whim by tweet?
Shocking.
Just shocking.

 

Stammering Trump explodes into 'word salad' over Musk's 'big beautiful bill' disappointment

President Donald Trump stammered and evaded the mention of Elon Musk while addressing the "big, beautiful bill" while talking to reporters following the swearing-in ceremony for interim U.S. attorney for the District of Columbia, Jeannine Pirro, on Wednesday.

Musk criticized the centerpiece of Trump’s legislative agenda, a significant fracture in a partnership that was forged during last year’s campaign and was poised to reshape American politics and the federal government.

Musk said it is a "massive spending bill” that increases the federal deficit and “undermines the work” of his Department of Government Efficiency, known as DOGE.

“I think a bill can be big or it could be beautiful,” Musk said. “But I don’t know if it could be both.”

 

Elon Musk quits Trump adviser role after slamming president's 'big beautiful bill' - The Mirror US

ELON MUSK has declared he's stepping down from his advisory role to President Donald Trump, expressing his exasperation with the capital's red tape and his dissatisfaction with the recent spending legislation.

 

This throws a wrench into Trumps plans, and calls existing “deals” into question. This whole thing is blowing up all around him and now nobody knows what the hell the rules are.


https://www.wsj.com/politics/policy/trade-court-strikes-down-trumps-liberation-day-tariffs-9befa448?mod=mhp

A federal trade court ruled President Trump didn’t have the authority to impose sweeping tariffs on virtually every nation, voiding the levies that have sparked a global trade war and threatened to upend the world economy.

The decision on Wednesday from the Court of International Trade blocked one of the Trump administration’s most audacious assertions of executive power, under the International Emergency Economic Powers Act of 1977. Shortly after the decision was handed down, lawyers for the Trump administration notified the court they will appeal.

“The court does not read IEEPA to confer such unbounded authority and sets aside the challenged tariffs imposed thereunder,” a three-judge panel wrote.

Trump has used IEEPA to underpin most of his second-term tariffs—from duties on Canada, Mexico and China imposed over fentanyl smuggling to the far-reaching reciprocal tariffs levied in early April on virtually every U.S. trading partner. Trump later paused the reciprocal tariffs for 90 days to allow for negotiations.