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WATCH: Bob Lighthizer, the mastermind behind Trump's trade & tariffs, STUNNED Tucker Carlson with an insane stat.
"So, we have transferred about $20 trillion worth of our national wealth and I would say the future income of that wealth overseas in return for current consumption."
The United... See more
Georgex.comNo Trade Is Free: Changing Course, Taking on China, and Helping America's Workers
amazon.com
My solution is that we should put in place tariffs on imports to offset what would be the overvaluation of our currency. These tariffs could come or go depending on the size of the deficit. They could also be flexibly applied to avoid unduly regressive effects on American consumers.
Robert Lighthizer • No Trade Is Free: Changing Course, Taking on China, and Helping America's Workers
Treasury Secretary Scott Bessent explains the administration’s new tariffs, and why we had to do something to stop the slide.
(0:00) Trump’s Tariff Plan
(5:42) The Current State of the Stock Market
(8:22) Will Americans See Substantial Tax Cuts Because of Tariffs?
(13:16) How... See more
Tucker Carlsonx.comNEW: CNBC host verbally stunned after billionaire Howard Lutnick explains how Trump's tariffs will be used as a negotiation tactic to make the U.S. a "bunch of money."
Lutnick shot down the media narrative that tariffs would increase inflation.
"It's a bargaining chip. We can't sell a Ford... See more
Collin Ruggx.comWhen the clock strikes midnight tonight, the battle begins. China will be hit with triple digit tariffs... the export menace should have never retaliated. China had a plan: dump cheap goods into the rest of the world, use the money to build their military, and pass the U.S. as the world’s top super-power. But if China can’t dump cheap goods here,... See more
Jesse Wattersx.com1/9
Good piece by Soumaya Keynes on what trade may look like under a Trump administration (and probably under another Biden administration). She mentions the 10% tariff that Robert Lighthizer has proposed, pointing out that Lighthizer "has...
https://t.co/w4djzccPJF via @ft
Michael Pettisx.com
Howard Marks just went on Bloomberg to share his views on Liberation Day.
Here are his insights on its economic impact and why he thinks US is still the best investment destination.
A thread 🧵 https://t.co/tqvDLGYwjJ