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That is most amazing President Trump The tariff war is that it is being pressured by some of its closest advisers and supporters to end the cross -country hike.
Not only is it a media conservatives such as Ben Shapiro, Rich Lowry, Ben Domeny and Wall Street Journal. These are long-standing wealthy donors, such as Ken Longon, co-founder Home Depot, which announced the tariffs and led a 46 percent collection in Vietnam as an example “Bull ****”, talking about financial times that “now what was horrified is a trade war.”
Another billionaire, investor Hedge Fund Bill Akman, said: “The consequences for our country and millions of citizens who supported the president … will be very negative.” Jamie Dimon, CEO of JP Morgan, said that “not the tariff menu causes the recession, but it slows the growth.”
The White House says Beijing missed the term to raise tariffs
The most famous defect Elon MuskWhich, according to the Washington Post, was privately urged Trump not to go forward with high tariffs. Now he went to the public:
“Ideally, both Europe and the US should go into the situation with zero tariff, effectively creating a free trade area between Europe and North America.” Even the richest man in the world and the main budget incision could not convince the chief, and he leaves the reservation.
Musk also takes pictures in the strongest tariff strengthening White HousePeter Navaro, calling him “really moron”, “stupid than a brick bag”, and, especially minor, “Peter Navordo”.
In addition to what sounded against the tariffs for President Trump, Elon Musk threw several rhetorical strikes at the unshakable-Tariff Peter Navaro. (AP)
The aforementioned Navarre, you will be pleased to hear, went to Fox and guaranteed that there will be no recession. So you can restore regular breathing.
It does not help Trump that after the early rebound yesterday ended gas, Dow reduced another 320 points after a sharp decline that reduced the stocks and 401 classes. By the way, the Constitution says Congress oversees tariffs.
Almost no one is safe, including Bibi NetanyahuA gesture that came to the White House on Monday did not impose a fee in the United States, but still suffered with a 17 percent tariff. Against Israel, our main ally in the Middle East and the only democracy of the region?
And the escalation with ChinaOur largest opponent was predictable. Trump struck in Beijing with 54 percent tariffs (including previously 20 percent fees). As promised, Beijing struck back, with 34 percent tariff for US goods, fighting what he calls blackmail.
Wouldn’t we do the same if the roles were canceled?
But Trump acted as if he was offended personally, and now he promised another 50 percent tariff for the Chinese. This is how the trade wars come out of control. And China has refused to negotiate the sale of Tiktok US owner.
The media also fueled the volatility of the market. On Monday, Bloomberg means that someone called Walter Bloomberg, not connected with any news-shut-up: “Hasset: Trump is considering a 90-day pause for all countries except China.”
The media-including one, who claims that Kevin Joset, Director of the White House Economic Council said that Trump had considered a 90-day pause-just that had deteriorated the volatility of the market. (Andrew Horer/Bloomberg via Getty Images)
This attracted the stock market. With the exception that Kevin Joset, Director of the White House Economic Council, has never said that.
But the morning anchor CNBC Karl Quintanila said to the audience: “I think we can go with this headline. Apparently, Joset said Trump would consider a 90-day pause for all countries except China.”
Then Reuters ran with this headline: “Wall -Rate cancels the course after the comments of Joset to the pause.”
The fact that Hasset actually said, when asked about Fox, whether Trump would consider a 90-day pause: “I think the president will decide what the president will decide.” Not quite the same. But the market was upset.
Later, the wire service confessed to the mistake: “Reuters abandoned the wrong report and regrets its mistake.”
Trump, looking at the third term, continues to attack elite institutions – and many are transferred
The CNBC spokeswoman later said: “When we were chasing the news about market steps, we went on the air of unconfirmed information on the flag. Our journalists quickly went on the air.”
Megan McCain posted a wider hire on the mass media Financial pain for a while. Most of you are married to Bros financing, comes from rich families or has huge media contracts. You have a pillow …
“One of my best friends buys your products for your family, based on what coupons in each store. I assure you with a possible recession or a huge price increase will be universally universally for her family than you.”
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Is there a weekend ramp? White House representatives point out that 70 countries maintained a connection looking for agreements. Some, of course, did this on the move to the “Liberation Day”. The president could reach many settlements, declare victory and attribute his tariff war.
At the moment, it does not show a tendency to this, pushing the tariff idea since the 1980s and repeatedly promising this approach during last year’s campaign.
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I wrote a book about Wall -Strit and the media, talked to many leading traders, as well as business anchors and commentators. I understand the nature of the hair culture. Everyone expected Donald Trump to impose hefty tariffs, just not at this stratospheric level.
