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Showing posts with the label Trump tariffs

THE TRUMP WORLD IS FALLING APART

Those Trump tariffs are roiling the stock markets of the world .  From the New York Times this morning: From CNBC today: The   Dow   on Monday saw its largest gap in points between session highs and lows on record. The blue-chip average traded up as high as by around 892 points and as low as about 1,703 points in the red, as of shortly after 3 p.m. ET. That 2,595.24-point swing is the widest in the 30-stock index’s history, according to a CNBC data analysis. Today is the third straight day of of more negatives . Trump   said   Sunday evening on the market rout: “I don’t want anything to go down, but sometimes you have to take medicine to fix something.” Further: Trump then threatened China on Monday via Truth Social: “If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose additional tariffs on China of 50%, effective April 9th. Additionally, all talks with China concern...

THE TRUTH ABOUT APPLE CIDER VINE

  Before getting into the topic of the day, latest tidbits from those Trump follies: How are Patel, Gabbard and Kennedy doing on confirmation?  Here is a  video summary .  My prognostications?   Read my posting of yesterday . Those  tariffs on goods coming into the U.S. from Canada (25%), Mexico (25%) and China (10%)  went into effect today, with retaliation expected from those countries and subsequent further penalties by Trump if they do.  A trade war could be sparked.   Which countries are next? The  Gaza Strip ceasefire  stumbles along.  This truce will eventually result in the release of 33 hostages for nearly 2000 Palestine prisoners. Two  judges halted the federal funding freeze attempt , but international funding money in foreign aid is proceeding.  The biggest benefactor is the United Nations.  Moneys will eventually be released to reliable and credible partners. As pushback increases on migran...