Independent thinking for complex markets and current events
TRUMP ON AUTO INTEREST PAYMENTS AS TAX DEDUCTIONS: "We're going to do something that has never been done in this country before — If you buy a car in the United States that's made in the United States — we're going to let you deduct the interest payment for income tax." looks… pic.twitter.com/nw7cqhnZKl — amit …
Hyundai unveils $21bn US expansion as Trump tariffs loom. The plan includes a new $5.8bn steel plant in the southern state of Louisiana. Hyundai also said it will expand its American vehicle production and invest billions of dollars in new technology including autonomous driving and artificial intelligence (AI). “This investment is a clear demonstration that …
TLDR: Trump considers a two-step tariff plan: immediate duties with ongoing trade investigations. Tariffs could fund tax cuts and reinforce “reciprocal” tariffs with legal support. Announcing tariffs on April 2 as “liberation day,” with some exemptions possible. Tariffs could reach 50%, using emergency powers or national security grounds. Administration divided: Lutnick pushes aggressive tariffs, while …
The damage to the economy is becoming undeniable as we face government layoffs, spending cuts, tariffs, and increasingly strained international relations. The Trump administration’s policies have angered some of our closest allies, deported countless individuals, and led to the harassment of international travelers—some even facing imprisonment at the border. The economic fallout is beginning to …
By Graham Summers, MBA | Chief Market Strategist The Fed SHOULD have cut rates last week. That is a fact. Instead, the Fed stated it is on “hold” for rate cuts because the potential tariffs the Trump administration introduces might trigger inflation. This is 100% nonsense. Europe, Japan, China, and countless other nations have introduced tariffs, duties and other …
by Martin Armstrong President Donald Trump is urging the Fed to cut interest rates to offset the inflation that will be caused by tariffs. “The Fed would be MUCH better off CUTTING RATES as U.S.Tariffs start to transition (ease!) their way into the economy,” Trump wrote. “Do the right thing. April 2nd is Liberation Day …
Model me this: Dario expects full reciprocal tariffs to bump CPI to estimated +1.3% pts – about the same negative hit to GDP. Stagflation on top of bear market. So now tell me: Why are markets a buy here? https://t.co/2pRSGdxYRH — Samantha LaDuc (@SamanthaLaDuc) March 19, 2025 Breaking CNBC: Bank of America’s CEO Brian Moynihan …
The market feels like a house of cards in a windstorm—teetering, trying to convince itself it’s stable, but deep down, everyone knows the truth. Sure, the S&P 500 has posted two straight days of 90% advancing stocks, but on what? Ghost-town volume. This isn’t conviction. This is a market that’s climbing because it doesn’t know …
It’s not tariffs that are tanking the economy. It’s the sudden shut-off of deficit spending. A huge number of companies were surviving only at the government teat. — Uncle Milty’s Ghost (@his_eminence_j) March 14, 2025 Transports – new 52 week low. 👇🏼 pic.twitter.com/RC8B23NemV — Kalani o Māui (@MauiBoyMacro) March 13, 2025 Institutional selling has rarely …
Cullen Roche brings an important point to the table: the stock market’s negative reaction to tariffs is rooted in one major factor—margins. It’s not just about political strategies; it’s about how tariffs directly impact corporate profits. Tariffs are essentially a fee paid by companies at the border, and they either have to absorb this cost …
Australian Prime Minister Anthony Albanese said Wednesday that U.S. tariffs on Australian steel and aluminum were unjustified, but his government would not retaliate with its own tariffs. U.S. President Donald Trump said last month he was considering a tariff exemption for Australia, a free trade treaty partner that has traded with the United States at …
Just about the only thing that economists on the left and the right agree on is tariffs. Nobody likes them, but why? Brandon Smith of alt-market.com explains how tariffs make nations less dependent on one another, and how they undermine the socialist goals of globalism… By Brandon Smith Ever since the days of Herbert Hoover and …
New Canadian Prime Minister Mark Carney says he will continue trade wars with the United States. “My government will keep tariffs on until the Americans show us some respect.” byu/Virtual_Information3 inwallstreetbet
WASHINGTON (AP) — Trump says he’s lifting tariffs on most goods from Mexico for 4 weeks amid economic fears from trade war. https://finance.yahoo.com/news/trump-says-hes-lifting-tariffs-163610783.html https://finance.yahoo.com/news/trump-likely-defer-tariffs-usmca-153549096.html Update: Tariffs against Canada are also paused https://finance.yahoo.com/news/trump-likely-defer-tariffs-usmca-153549096.html h/t Patrick_Liu
NHL Commissioner Gary Bettman said the league might be affected by tariffs and relations between the U.S. and Canada because players in both countries are paid in U.S. dollars. Bettman joined CNBC’s “Squawk Box” to discuss the league’s 2024-25 season, geopolitical effects and more. National Hockey League Commissioner Gary Bettman said Wednesday that the league …
BREAKING: The US is considering a 1 month delay on auto tariffs on both Canada and Mexico. — The Kobeissi Letter (@KobeissiLetter) March 5, 2025 🇺🇸BREAKING: US weighs one-month delay of Canada and Mexico tariffs on autos. pic.twitter.com/xPr9Gs8fkM — GAR Capital (@garcapital) March 5, 2025 🇺🇸 President Donald Trump and Canadian 🇨🇦 Prime Minister Justin …
China will take resolute countermeasures to firmly safeguard its rights and interests after the United States announced that it will impose an additional 10 percent tariff on Chinese exports to the US, starting Tuesday, under the pretext of fentanyl-related concerns, according to the Ministry of Commerce. China is one of the world’s strictest and most …
Legendary investor Warren Buffett discussed the economic impact of tariffs in a rare media interview published on Sunday. Buffett was interviewed by CBS News’ Norah O’Donnell as part of a documentary on Washington Post publisher Katharine Graham, and the legendary Berkshire Hathaway CEO talked about the economic impact of the Trump administration’s pending tariffs. “Tariffs …
More bad news for Canada. Looks like we’ll have even cheaper US lumber again! US President Donald Trump is ordering the Commerce Department to launch an investigation into the national security harm posed by lumber imports, laying the legal groundwork for new tariffs he’s pledged. Trump is simultaneously signing an executive order, titled “Freeing our …
“Tariffs are taxes — bad for business, worse for consumers,” von der Leyen said. “Unjustified tariffs on the EU will not go unanswered — they will trigger firm and proportionate countermeasures.” Just as Trump imposed similar tariffs during his first presidency, the EU countermeasures could easily amount to those that were used to retaliate then …
Dow Jones Update Will the global trade war be the catalyst? pic.twitter.com/r0ICLuB9rl — The Great Martis (@great_martis) February 11, 2025 America 🇺🇸 must hit rock bottom before it starts to heal. Democrats did a lot of damage in those 4 years. Expect major turbulence in equity markets. — The Great Martis (@great_martis) February 11, 2025 …
by Mike Shedlock Trump announced no details, but I believe I have a good idea of what he means. Many charts tell the story. Balance of trade data from census department through 2024, chart by Mish Reciprocal Tariffs Reuters reports Trump Says He Will Announce Reciprocal Tariffs on Many Countries Next Week. President Donald Trump said …
Wow. Notable drop in consumer sentiment in February. American consumers do not like tariffs. "About one-third of consumers spontaneously mentioned tariffs, up from 27% last month and less than 2% prior to the election." "This is only the fifth time in 14 years we have seen such… pic.twitter.com/SpjN6uanoX — Heather Long (@byHeatherLong) February 7, 2025 …
Cartel Del Noreste leader Ricardo González Sauceda arrested in Nuevo Laredo, Mexico – February 3, 2025 Ricardo González Sauceda, a leader of the Mexican Cartel del Noreste, was arrested in Nuevo Laredo, Mexico, Monday after the Mexican President agreed to immediately work with Trump to secure the border. The cartel boss, who also goes by …
President Trump made it clear during his presidential campaign that tariffs will be a part of his policy-making. He has followed through on that. But tariffs are very risky business. Yes, you can get lucky with them being a political tool at times. But tariffs can also turn… pic.twitter.com/wcEr7HYHXy — Ron Paul (@RonPaul) February 3, …
