🚨 SCOTT BESSENT: The tax bill is moving forward. It will give permanence to the 2017 tax cuts. President Trump is adding things for working Americans – no tax on tips, no tax on overtime, no tax on Social Security, making autopayments deductible. pic.twitter.com/vWhrE7r0Ws
— Eric Daugherty (@EricLDaugh) April 29, 2025
-
We will be speaking to 17 trading partners over the next few weeks
-
Ignore the surveys, look at real data when it comes to manufacturing
-
If the Chinese don’t make a deal, they can lose 10M jobs
-
President Trump creates “strategic uncertainty” in the trade talks to get better deals
-
We want long term tariff revenue to replace income taxes, I think there is a strong chance we see this in the next tax bill
BESSENT JUST NOW:
– WE WILL BE SPEAKING TO 17 TRADING PARTNERS OVER THE NEXT FEW WEEKS
– IGNORE THE SURVEYS, LOOK AT REAL DATA WHEN IT COMES TO MANUFACTURING
– IF THE CHINESE DON'T MAKE A DEAL, THEY CAN LOSE 10M JOBS
– PRESIDENT TRUMP CREATES "STRATEGIC UNCERTAINTY" IN THE…
— amit (@amitisinvesting) April 29, 2025
2/ What about shift in auto tariffs?
– Trump has had meetings with auto producers and committed bringing auto production back to the US
– Are supply shocks coming now that cargo shipments are down from China (DOESN'T THINK WE HAVE SUPPLY SHOCKS, stores have over-orderd)
– When…— Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) April 29, 2025
4/ Tax bill is moving forward to give permanence to 2017 tax cuts and jobs act
– Trump adding no tax on tips, no tax on overtime, no tax on social security, making auto loans deductible
– Bessent has said 97% of individual investors haven't sold, but institutions have panicked pic.twitter.com/PQfEomTOmH— Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) April 29, 2025
5/ Bessent has said deregulation 7 times so far…still don't know what we are doing
– Backtracking on auto tariffs
– You can expense your factory, should attract investment
– "Golden age of America is underway"
– Trump will speak from Michigan, a rally
– THEY HAD TO CUT AUTO… pic.twitter.com/SY9CHSv2bG— Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) April 29, 2025
no trade deals today so far… bessent saying a whole lot of nothing
— Michael J. Kramer (@MichaelMOTTCM) April 29, 2025