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Tariffs : much worse than exp, bogus calculations / How will RoW reacts ? coordinated way ? / Recession, earnings..

  • Writer: Stéphan
    Stéphan
  • Apr 3
  • 4 min read

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  • Trump’s “Liberation Day” >> liberate the U.S from a strong economy, from its allies, leaking sensitive national security intel and risk it gets totally isolated/global trade war against the U.S.... RoW turns against U.S product and will respond today already (very most likely in a somewhat coordinated fashion)..uncertainty only beginning, volatility brings opportunities though, beware totally bogus/fake tariffs calculations..>>> Trump ends his speech by saying that we will look back on “Liberation Day” as one of the most important days in American history. He might be right but it is for all the wrong reasons >> earnings reports, outlook guidance will be downgraded , the Man is pushing the U.S into a totally unnecessary recession.. Although Bessent would argue its the plan... (main street vs wallstreet, no Trump put etc)

  • Bessent: equity market selloff is “a Mag7 problem not a MAGA problem”, they all went to kiis the ring, and they go played...>>> he is getting what he wants though, as previously discussed, lower yield, lower crude prices , will be costly (recession) but he is getting there

  • USDollar softer as RoW retaliates and U.S gets isolated

  • Trump just called Russian soldiers “great people” and wants to help them because they’re “losing 2,500 a day.”, no tariffs on Russia, Trump just declared economic war on every country except Russia, Belarus & NK.

  • VdL/EU : EU preparing further countermeasures against U.S. tariffs if negotiations fail

  • China is now restricting local companies from investing in the U.S., China urges the US to "immediately" cancel reciprocal tariffs or they will take "counter-measures."

  • Temasek, Asian state funds to grow their assets by 34% to US$25 trillion by 2030

  • Pentagon Sends Second Aircraft Carrier to Mideast as Iran Tensions Rise

  • Crude down 3% or so, will be interesting to see what OPEC! does

  • Crypto takes a bath on Trumps engineered trade war

  • Out already...Fed's Kugler warns of prolonged impacts of tariffs on inflation

  • Jeffries: "This is not 'Liberation Day in America,' it's recession day."

  • Carney : I spoke with Mexican President Claudia Sheinbaum this morning.    In a shifting global economy, strong and reliable partners matter. Canada and Mexico are focused on deepening our trade relations and building stronger economies, together >>> so most countries will react in a similar way and counter attack the U.S ...

  • Trump listed Ecuador as a currency manipulator even though Ecuador’s currency is…the US dollar

  • UBS: "Simple back-of-envelope calculations suggest a permanent implementation of the full set of proposed tariffs would see inflation rise to around 5% as prices adjust to the higher costs of imports."

  • You heard it hear first guys: "The EU is not going to take chicken from America. They are not going to take our lobster or our beautiful strong beef, even though their beef is weak" ...Lutnick..



Sen. Rand Paul responds to Trump's tariffs: "When McKinley most famously put tariffs on in 1890, they lost 50% of their seats… In the early 1930s, we lost the house and senate for 60 years. So not only bad economically, they are bad politically."


Mike Pence blasts Trump’s tariffs: “The Trump Tariff Tax is the largest peacetime tax hike in U.S. history…And will cost American families over $3,500 per year”













 
 
 

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