🔴 BREAKING: PRESIDENT TRUMP JUST ASKED THE SUPREME COURT FOR THE AUTHORITY TO FIRE FEDERAL RESERVE CHAIR JEROME POWELL
Source: Bloomberg
Just a reminder that this story was leaked on Monday, and then denied by the White House.
Source: James Chanos @RealJimChanos
Uncertainty during uncertain time...
Source: Bloomberg
🔴 EU TO TRUMP: TWO CAN PLAY THE TARIFF GAME — BIG TECH MAY GET BURNED
👉 With Trump slapping 25% tariffs on EU cars and threatening more, Brussels is plotting a counter strike — and this time, it’s not just bourbon and blue jeans on the line. 👉 EU officials are eyeing U.S. services exports, including Big Tech and intellectual property, as leverage — think blocked patents, frozen software updates, and Starlink losing out on juicy contracts. 👉EU diplomat: “The Americans think that they are the ones with escalation dominance, but we also have the ability to do that,” Source: FT thru Mario Nawfal on X
President Trump Unleashes 25% Tariffs On Foreign-Made Auto Imports
"...we are going to charge countries for doing business in our country..." President Trump has announced a 25% tariff on all cars not made in the US. “This will continue to spur growth,” Trump told reporters. Trump confirmed that these new tariffs are in addition to existing tariffs and are expected to result in $100 billion in revenues. To underscore his seriousness, Trump said, “This is permanent.” In addition to the tariffs, Trump discussed his plan to allow Americans to deduct interest payments on cars that are made in America. source : zerohedge
Every G20 country has higher average tariff rates than the United States save two
and most countries hide the true costs in expensive barriers like quotas, price controls, labeling requirements, and testing rules. Source: BofA, zerohedge
For years, the United States routinely accused China of technology theft.
Now, the opposite might happen: China is worried that the United States might steal technology from them. How the tables have turned. Source: Jostein Hauge @haugejostein
Geopolitical risk: Cash is NOT your friend - source: Christian Ryberg Jørgensen, M.Sc.
While you might find the headlines ugly or scary, data show that staying in cash is NOT a winning strategy. As the old adage says: "It t is time in the market, not timing the market, which wins in the long run". Source: JP Morgan, Christian Ryberg Jørgensen
