“BREAKING: India backs down from retaliatory tariffs on US goods, conceding to Trump. Officials now push for direct talks with the President for a new trade deal.”
“Due to the deliberate government policies of the last 50 years, America can’t produce its own food, fertilizer, energy, weapons, medicine, vehicles, clothing, or computers. The architects of those policies, as well as those who’ve gotten rich off them, will look you dead in the eye and tell you it’s Actually Good to be forced to rely on your enemies for everything you need to survive.”
“BREAKING: European Commission president Ursula von der Leyen says the EU stands ready to negotiate a zero for zero tariff deal with the United States.”
“BREAKING: The S&P 500 gains $4 trillion following EU announcement of interest in zero for zero tariffs with United States.”
—
“Yesterday the world was going to fight like hell against reciprocal tariffs & the stock market was going to tank into hell fire this morning. Today EU minister von der Leyen announces she’s ready to match Trump’s zero tariffs & the S&P does this.
“What will Trump’s haters do if his tariff play brings country after country to the negotiating table, resulting in bilateral trade agreements that make U.S. trade more free than ever?”
“Speaker Johnson and I have reached an agreement to bring back a procedure called live/dead pairing, which dates back to the 1800s. It will be open for the entire conference to use when unable to vote (e.g., new parents, bereaved, emergencies, etc.).
Thanks to @POTUS and his guidance, as well as all of those who worked to get this change done, this is becoming the most modern, pro-family Congress we’ve ever seen.”
“I’m in a group with a bunch of successful people discussing the tariff implications … someone just sent this:”No one on this chain is a self made multi billionaire or twice elected president. Maybe, just maybe, Trump is smarter than all of us and actually knows what he is doing?
“Taiwan has agreed to drop ALL tariffs on the United States, joining India, Israel, Vietnam, and Cambodia, who also intend to zero out their tariffsOver *50* countries have called to negotiate with Trump so far.”
From Tangle today (which includes summaries of views from the left and views from the right, then the editor’s “take”-excerpted below-):
______________
~ One of the most remarkable things I’ve observed about President Trump is how so many people project their own values onto him, assuming he holds them, too.
Few things have illustrated this idea as much as Wednesday’s earth-moving tariff announcement. It has been fascinating to watch billionaire Wall Street guys like Bill Ackman suddenly realize that they do not view this issue the same way Trump does.
“I don’t think this was foreseeable,” Ackman said on X last night in his most public break with the president to date. “I assumed economic rationality would be paramount. My bad.”
It’s worth recalling here that Trump spent an entire campaign season (about a year and a half) promising the biggest, broadest, most historic tariffs one could imagine. He spent his entire firstterm pushing for major tariffs on allies and adversaries alike. He spent his entire career as a real estate developer advocating for more tariffs. Kamala Harris, his opponent, warned Americans that Trump was going to institute major tariffs and cause a recession. Saying Trump’s tariffs were not “foreseeable” is completely detached from these realities. …
… I understand why people project their own wants and worldviews onto Trump — I’m guilty of it, too. I agree with a good deal of Trump’s stated motivation (that other countries often “take advantage of” the United States on trade, and that our middle class has been decimated over the last 40 years), but Trump hasn’t been communicating a coherent end goal, making it easy to project a plan onto the president that looks or sounds like my beliefs. …
… Now — for the first time in Trump’s second term — I’m starting to see some genuine cracks in the president’s support. Republicans and Democrats in both chambers of Congress have proposed bills to take away Trump’s tariff powers. Hours after Trump said “we are not gonna lose a trillion dollars for the privilege of buying pencils from China,” Elon Musk shared a famous clip of Milton Friedman explaining how free trade allows pencils to be made in the first place, the first real break I’ve seen him make from the president. Prominent conservative writers like Richard Hanania are now saying they regret voting for Trump. Even Alex Berenson, the Covid-vaccine skeptic who skyrocketed to fame by criticizing Biden, has said Republicans would be right to impeach Biden if he had done what Trump is doing now. … ~
___________________
There’s much more at “The Global Response to Trump’s Tariffs” – the topic of today’s newsletter, which also includes several other views, multiple links for even more information.
It’s a good source for those curious about the views from both sides of the aisle and an independent voice as well, with very worthwhile deep-dives into the recent history of these issues.
~ A lot of people still think Trump will blink as the market continues to collapse, but I’m not so sure — Trump seems confident and unperturbed, and we know he is surrounded by yes men.
Republicans in Congress could stop this at any moment if they wanted — but that would require defying the president en masse. Meanwhile, Trump’s base and the “heterodox” thinkers who support him unflinchingly believe this is another moment where The Experts are hyperventilating and will be wrong again.
The annoying truth, though, is that the consensus is usually the consensus because it’s accurate. If The Experts are right here — which I have an increasingly hard time doubting — we are headed for an economic storm I’m not sure people have totally prepared for. ~
I have observed that the “experts” usually have their own agendas. That doesn’t make them right or wrong, but it makes them biased. I’m willing to take a wait and see approach.
The biggest problem that I see is the speed at which things are being changed. Even if speed is a practical necessity for the change to happen (and I think it may well be), it’s not without damages and unintended consequences. And we should be sensitive to all collateral damage and mitigate it as much as possible. I do have doubts that the President and his administration is doing this as well as they could. Or at all.
It’s also amusing to see the folks who never looked at what their stocks were doing in the market except for twice a year when their statements came, now suddenly allegedly become daily checkers of how the market is doing.
“Netanyahu just announced in the Oval Office Israel will be TOTALLY ELIMINATING their trade deficit with the United States
This is in ADDITION to zeroing out tariffs on our country 🔥
“We intend to do it very quickly. We think it’s the right thing to do. And we’re going to also eliminate trade barriers, a variety of trade barriers that have been put up unnecessarily.”
“We will eliminate the trade deficit with the United States… Mr. President, we are going to eliminate the tariffs.”
~ The False Tariff Headline That Sent Stocks on a $2 Trillion Ride
A wild stock-market swing based on misleading reports that President Trump was considering a 90-day pause to implementing tariffs added $2.4 trillion of market value in minutes and erased it just as quickly. ~
“For the average person who is not day trading or swing trading and in the market for the long term it is a great opportunity. Buy more on the dips. We also didn’t hear all the panic in 2022 so don’t let the media fool you. The market reacting emotionally to a change mostly due to chicken little “the sky is falling” cries from politicians, the media and the so called experts. A simple Google or chat GPT search will tell you other Presidents have used tariffs since the 1800’s and most recently Obama to level the trade playing field.”
@4:53. Exactly, DJ. And now, thanks to Trump’s terrible tariffs, my hopes of owning even a small strand of those opulent orbs are cruelly dashed. I imagine even the faux pearl is rapidly receding from my range of affordability.
(That was 5 t’s in a row. I think I’ve outdone myself.). 🙂
Some day the sky will roll up like a scroll and that will be the time for those inclined to panic to do so. Right now Wall Street is doing what it does: readjusting itself to the realities of life
I have some pearls to share if anyone wants them. I keep them in my book of Proverbs. Don’t count your eggs until they hatch, and don’t count unrecognized gains and losses until you sell. Unless you believe in doing government like Harris wanted to do . . . charge people annually for unrecognized gains on property. Anyone remember that? What a nightmare.
How timely that my IRA statement came today. Value was down by 8K. I noticed and shrugged knowing it fluctuates all the time.
Well, Jo, if you didn’t mind lying you could join into a liberal demonstration. I just read a post about someone getting paid $100.00 dollars for her two hours of ‘work.’ I don’t know her, so cannot verify it is true. A few years ago, I did see a sign asking for workers and stating the hourly wage. It was a good wage.
Having a house paid for is a great blessing for sure. The bills for utilities and taxes exceed what the original mortgage was. Our real estate taxes are due in mid-May and October.
Wandering Views 
India joins the ever growing list of countries looking to negotiate.
Another win.
https://x.com/catturd2/status/1908881536662798437?t=bKYnZq7LNrO3lHUGH8nxQg&s=19
“BREAKING: India backs down from retaliatory tariffs on US goods, conceding to Trump. Officials now push for direct talks with the President for a new trade deal.”
LikeLiked by 2 people
Truth.
https://x.com/seanmdav/status/1909235880998658274?t=JMQeusowMMIaitu0j5wSpg&s=19
“Due to the deliberate government policies of the last 50 years, America can’t produce its own food, fertilizer, energy, weapons, medicine, vehicles, clothing, or computers. The architects of those policies, as well as those who’ve gotten rich off them, will look you dead in the eye and tell you it’s Actually Good to be forced to rely on your enemies for everything you need to survive.”
LikeLiked by 3 people
“BREAKING: European Commission president Ursula von der Leyen says the EU stands ready to negotiate a zero for zero tariff deal with the United States.”
https://x.com/charliekirk11/status/1909246610053136408?t=KF3bO477sVE9z0OIRInoPQ&s=19
LikeLiked by 3 people
Well look at that….
https://x.com/bennyjohnson/status/1909255769461080555?t=B3xKRZ0hvYH83mBZmIg4ig&s=19
“BREAKING: The S&P 500 gains $4 trillion following EU announcement of interest in zero for zero tariffs with United States.”
—
“Yesterday the world was going to fight like hell against reciprocal tariffs & the stock market was going to tank into hell fire this morning. Today EU minister von der Leyen announces she’s ready to match Trump’s zero tariffs & the S&P does this.
Winning”
https://x.com/iontecs_pemf/status/1909260769570738509?t=2izlg3Q3QVOnuNcENYGUaw&s=19
LikeLiked by 2 people
“BREAKING: Senate GOP approves bill to make Trump’s tax breaks PERMANENT.
The bill passed 51-48 with Republicans Susan Collins & Rand Paul voting against the bill.
The bill also includes $175 BILLION to continue funding the mass deportations.”
https://x.com/DerrickEvans4WV/status/1908644529252483172?t=MTL29PxTmrm4YL0xHZAExQ&s=19
LikeLiked by 2 people
This is the way….
https://x.com/ElectionWiz/status/1909050060429459953?t=I4qhjiub9MkjfEbggBpQaA&s=19
“HAPPENING: For the first time in 4 years, crude oil prices have dropped to under $60.”
LikeLiked by 2 people
🗼
https://x.com/TheBabylonBee/status/1909230365547299239?t=dUW7NAmhGKAMMy7mb8-Bjg&s=19
“Trump Installs Ejection Seats Throughout Press Briefing Room”
buff.ly/4PPM9EQ
LikeLiked by 1 person
“Donald Trump is trying to repeal parts of The Constitution. Like rights.”
“Which rights?”
“I don’t have all the information.”
——
Or any really….
Well, except that they’re paying me 25$ an hour to hold this sign and chant from the script they gave me. Easy money.
https://x.com/TRHLofficial/status/1908903445072925163?t=tEc77CjX-sw6sx9AFrPVOg&s=19
LikeLiked by 3 people
“What will Trump’s haters do if his tariff play brings country after country to the negotiating table, resulting in bilateral trade agreements that make U.S. trade more free than ever?”
https://x.com/BasedMikeLee/status/1908652563664171383?t=IKVP6R_tb2ZqX4zaQ3nX5A&s=19
LikeLiked by 2 people
Golf clap. ⛳️
https://x.com/RepLuna/status/1908988575435346040?t=BoLQBM4-iwur84RQbCvr1Q&s=19
“Speaker Johnson and I have reached an agreement to bring back a procedure called live/dead pairing, which dates back to the 1800s. It will be open for the entire conference to use when unable to vote (e.g., new parents, bereaved, emergencies, etc.).
Thanks to @POTUS and his guidance, as well as all of those who worked to get this change done, this is becoming the most modern, pro-family Congress we’ve ever seen.”
LikeLiked by 2 people
Now while the price is down is exactly when you do this.
https://x.com/Heminator/status/1909058506369401285?t=1e44CWJ7_f97iV8BNZ_-Bg&s=19
“Fill up the strategic reserve!”
LikeLiked by 3 people
In a word…..?
No.
Never
https://x.com/chernobelskiy/status/1908973521382117475?t=FUrROmxF9K3Sz2g0wNkpZg&s=19
“I’m in a group with a bunch of successful people discussing the tariff implications … someone just sent this:”No one on this chain is a self made multi billionaire or twice elected president. Maybe, just maybe, Trump is smarter than all of us and actually knows what he is doing?
Can our egos handle that possibility?””
LikeLiked by 2 people
And that’s the point of all of this…
https://x.com/nicksortor/status/1908940353475842225?t=adS7VnybCdZjAAA40vr2eQ&s=19
“Taiwan has agreed to drop ALL tariffs on the United States, joining India, Israel, Vietnam, and Cambodia, who also intend to zero out their tariffsOver *50* countries have called to negotiate with Trump so far.”
LikeLiked by 3 people
From Tangle today (which includes summaries of views from the left and views from the right, then the editor’s “take”-excerpted below-):
______________
~ One of the most remarkable things I’ve observed about President Trump is how so many people project their own values onto him, assuming he holds them, too.
Few things have illustrated this idea as much as Wednesday’s earth-moving tariff announcement. It has been fascinating to watch billionaire Wall Street guys like Bill Ackman suddenly realize that they do not view this issue the same way Trump does.
“I don’t think this was foreseeable,” Ackman said on X last night in his most public break with the president to date. “I assumed economic rationality would be paramount. My bad.”
It’s worth recalling here that Trump spent an entire campaign season (about a year and a half) promising the biggest, broadest, most historic tariffs one could imagine. He spent his entire first term pushing for major tariffs on allies and adversaries alike. He spent his entire career as a real estate developer advocating for more tariffs. Kamala Harris, his opponent, warned Americans that Trump was going to institute major tariffs and cause a recession. Saying Trump’s tariffs were not “foreseeable” is completely detached from these realities. …
… I understand why people project their own wants and worldviews onto Trump — I’m guilty of it, too. I agree with a good deal of Trump’s stated motivation (that other countries often “take advantage of” the United States on trade, and that our middle class has been decimated over the last 40 years), but Trump hasn’t been communicating a coherent end goal, making it easy to project a plan onto the president that looks or sounds like my beliefs. …
… Now — for the first time in Trump’s second term — I’m starting to see some genuine cracks in the president’s support. Republicans and Democrats in both chambers of Congress have proposed bills to take away Trump’s tariff powers. Hours after Trump said “we are not gonna lose a trillion dollars for the privilege of buying pencils from China,” Elon Musk shared a famous clip of Milton Friedman explaining how free trade allows pencils to be made in the first place, the first real break I’ve seen him make from the president. Prominent conservative writers like Richard Hanania are now saying they regret voting for Trump. Even Alex Berenson, the Covid-vaccine skeptic who skyrocketed to fame by criticizing Biden, has said Republicans would be right to impeach Biden if he had done what Trump is doing now. … ~
___________________
There’s much more at “The Global Response to Trump’s Tariffs” – the topic of today’s newsletter, which also includes several other views, multiple links for even more information.
https://www.readtangle.com/the-global-response-to-trumps-tariffs/?ref=tangle-newsletter
It’s a good source for those curious about the views from both sides of the aisle and an independent voice as well, with very worthwhile deep-dives into the recent history of these issues.
LikeLiked by 3 people
Meanwhile, looks like some “wild swings” in the markets today. Stay tuned. Don’t look at your 401k for now 🙂
LikeLiked by 2 people
The market goes up and the market goes down. It’s what the market does. Either way, God provides. :–)
LikeLiked by 3 people
The last graphs via Tangle:
~ A lot of people still think Trump will blink as the market continues to collapse, but I’m not so sure — Trump seems confident and unperturbed, and we know he is surrounded by yes men.
Republicans in Congress could stop this at any moment if they wanted — but that would require defying the president en masse. Meanwhile, Trump’s base and the “heterodox” thinkers who support him unflinchingly believe this is another moment where The Experts are hyperventilating and will be wrong again.
The annoying truth, though, is that the consensus is usually the consensus because it’s accurate. If The Experts are right here — which I have an increasingly hard time doubting — we are headed for an economic storm I’m not sure people have totally prepared for. ~
LikeLiked by 1 person
I have observed that the “experts” usually have their own agendas. That doesn’t make them right or wrong, but it makes them biased. I’m willing to take a wait and see approach.
The biggest problem that I see is the speed at which things are being changed. Even if speed is a practical necessity for the change to happen (and I think it may well be), it’s not without damages and unintended consequences. And we should be sensitive to all collateral damage and mitigate it as much as possible. I do have doubts that the President and his administration is doing this as well as they could. Or at all.
LikeLiked by 2 people
Trump says there’s now a new party for some American citizens:
“Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!)”
LikeLiked by 2 people
Meanwhile, across thee pond . . .
https://www.foxnews.com/sports/womens-pool-tournament-championship-features-two-transgender-players-after-beating-female-competition
LikeLiked by 1 person
Meanwhile, despite the pearl clutching……..
It’s also amusing to see the folks who never looked at what their stocks were doing in the market except for twice a year when their statements came, now suddenly allegedly become daily checkers of how the market is doing.
https://x.com/nicksortor/status/1909326848900612292?t=siBnABiJk5PlrvvCmJRRZA&s=19
“Netanyahu just announced in the Oval Office Israel will be TOTALLY ELIMINATING their trade deficit with the United States
This is in ADDITION to zeroing out tariffs on our country 🔥
“We intend to do it very quickly. We think it’s the right thing to do. And we’re going to also eliminate trade barriers, a variety of trade barriers that have been put up unnecessarily.”
“We will eliminate the trade deficit with the United States… Mr. President, we are going to eliminate the tariffs.”
HUGE WIN for the United States! 🇺🇸”
LikeLiked by 3 people
~ The False Tariff Headline That Sent Stocks on a $2 Trillion Ride
A wild stock-market swing based on misleading reports that President Trump was considering a 90-day pause to implementing tariffs added $2.4 trillion of market value in minutes and erased it just as quickly. ~
LikeLiked by 1 person
The WSJ and their ilk didn’t panic then, so why now?
https://x.com/MinerBob00/status/1908879564807217321?t=GPttP-yMkrucw9-2ob0y4g&s=19
Because Orange Man Bad!
What a simplistic and juvenile way to go thru life. TDS is real.
LikeLiked by 1 person
How much will pearls cost now?
LikeLiked by 3 people
The sky is falling!!!!!
Panic and run!!!!!!
https://x.com/tcos01/status/1908767983863742862?t=lt6iRi5tF8EBy9BhxlIF-g&s=19
“For the average person who is not day trading or swing trading and in the market for the long term it is a great opportunity. Buy more on the dips. We also didn’t hear all the panic in 2022 so don’t let the media fool you. The market reacting emotionally to a change mostly due to chicken little “the sky is falling” cries from politicians, the media and the so called experts. A simple Google or chat GPT search will tell you other Presidents have used tariffs since the 1800’s and most recently Obama to level the trade playing field.”
LikeLiked by 2 people
DJ!
mumsee
LikeLiked by 1 person
@4:53. Exactly, DJ. And now, thanks to Trump’s terrible tariffs, my hopes of owning even a small strand of those opulent orbs are cruelly dashed. I imagine even the faux pearl is rapidly receding from my range of affordability.
(That was 5 t’s in a row. I think I’ve outdone myself.). 🙂
LikeLike
Some day the sky will roll up like a scroll and that will be the time for those inclined to panic to do so. Right now Wall Street is doing what it does: readjusting itself to the realities of life
LikeLiked by 1 person
I have some pearls to share if anyone wants them. I keep them in my book of Proverbs. Don’t count your eggs until they hatch, and don’t count unrecognized gains and losses until you sell. Unless you believe in doing government like Harris wanted to do . . . charge people annually for unrecognized gains on property. Anyone remember that? What a nightmare.
How timely that my IRA statement came today. Value was down by 8K. I noticed and shrugged knowing it fluctuates all the time.
LikeLiked by 2 people
Debra, you over-alliterated, lol
LikeLiked by 1 person
I have a tendency toward bad poetry. 🙂
LikeLiked by 1 person
Hey, I just need some pearls, apparently … ?
LikeLiked by 3 people
what an amusing thread today.
Jo
no pearls here, but my home is paid off.
So glad that I am debt free. Not sure what I would do otherwise.
LikeLiked by 3 people
Well, Jo, if you didn’t mind lying you could join into a liberal demonstration. I just read a post about someone getting paid $100.00 dollars for her two hours of ‘work.’ I don’t know her, so cannot verify it is true. A few years ago, I did see a sign asking for workers and stating the hourly wage. It was a good wage.
Having a house paid for is a great blessing for sure. The bills for utilities and taxes exceed what the original mortgage was. Our real estate taxes are due in mid-May and October.
LikeLiked by 1 person