You are in luck! Kevin O'Leary is in his ear about going to 400%...
joekar1990
joined 2 years ago
Update he indeed doesn't know
Yeah but the difference is Trump has the magnetism and Vance doesn't? Usually when a cult leader dies the whole cult kinda fizzles out.
Gives pick me energy and it's the newest talking point and very annoying. Total exports as a percentage is 15% that china ships to the us.
A deficit doesn't make it a bad thing. It means we are more of a consumer economy to focus on higher level of jobs.
It's all ragebaiting and clicks now.
Looking like complete escalation since china won't bend the knee to him
Nah trump will claim everyone was there for him and there wasn't a protest.
The base is fully bought in on the crazy idea Trump tanks the market so he can refi the debt and save billions in interest and also the fed will be forced to drop interest rates. It's crazy though bc the impact of that will be catastrophic. The reason the US is so strong economically is because the dollar is the reserve currency of the world. You lose that power then it's harder to bounce back if at all.
I've seen a new talking point popping up that he's crashing the market on purpose to refi US debt and force the fed to drop interest rates...
Honestly they probably plugged it into Grok and asked it to spit out the list of countries to tariff.
It's probably dumber than you think why they weren't on there. The formula they used to come up with the countries tarrifs rate is based simply on trade deficit calculations. So if you aren't exporting/importing from those countries they wouldn't be included. It doesn't even matter if there was a trade surplus.
For example, take the figures for China:
- Goods trade deficit: $291.9bn
- Total goods imports: $438.9bn
- 291.9/438.9 = 0.67, or 67%
- And halved = 34%
Sources:
https://www.ft.com/content/e025d7e6-512d-4e82-9c25-7900b94ac153
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Yes, because their current tariff plans of on and off has been working great to give businesses confidence to bring jobs back and not get rug pulled by the administration.