IMF says tariff revenue will reduce U.S. deficit from $2.6 trillion to $2.3 trillion — We need spending cuts, congress. Notice the final paragraph, bond market vigilantes will punish U.S. Treasuries.

The IMF projects the overall U.S. federal deficit will dip to 6.5% of gross domestic product this year, down from 7.3% in 2024 The multinational fund cited increased tariff revenues for the decline The IMF highlighted uncertainty surrounding the rollout …

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WHITE HOUSE: U.S. will not lower or remove tariffs on Chinese goods unless China makes some kind of reciprocal move… Leavitt: Trump won’t give up on fair trade practices. It’s not fair to say Trump is softening.

BREAKING: The White House press secretary says “there will be no unilateral reduction in tariffs against China.” Trump is putting the ball in China’s court. — The Kobeissi Letter (@KobeissiLetter) April 23, 2025 BREAKING: White House Press Secretary Leavitt right …

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If They’re Not Careful, the Markets Will CRASH

By Graham Summers, MBA | Chief Market Strategist The Trump administration has a “messaging” problem. Over the weekend, stocks erupted higher when it was announced that the U.S. would provide exemptions from new tariffs for phones, computers and chips from …

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Will China also blink in the tariff war?

via notayesmanseconomics Events in the economic world continue to move very quickly. I note that at some point over the weekend President Trump responded to an issue I raised last Tuesday. Smartphones and several other categories of products will be exempt …

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