Kevin Hassett completely bombs on ABC when pressed by Jon Karl to explain how Trump can possibly justify 50% tariffs on Brazil even though the country has a trade deficit with US
Just be open about it, Trump is friends with Bolsonaro and hated socialism
This why the EU eventually breaks up. Malta and Slovakia can stop the whole rest of the continent from functioning. Imagine Rhode Island being able to stop the federal government from being able to do what it wants to do with foreign policy 🤣🤷♂️
Who is excited for the tiny amount of progress that has been made on trade deals to go away because now we’re going to somehow attempt to force Russia’s no.1 and no.2 buyers of oil to not buy it?…and those same two countries happen to be two of our larger/largest trading
Toyota is up +8% on the news of a 15% tariff.
Why?
It's simple.
Ford, GM, Tesla, and all the other American manufacturers are going to be paying 50% more for their steel, 50% more for their copper, 25% more for their Canadian production, 25% more for their Mexican production,