Tariff Announcement:
- Trump announced a 125% tariff on China due to its retaliatory actions against the US.
- He also announced a 90-day pause on tariffs for countries that did not retaliate, with a reduced reciprocal tariff of 10%.
Market Reaction:
- The stock market reacted positively, with major indices like the Dow, S&P 500, and Nasdaq surging significantly.
- The announcement led to a dramatic rebound from previous losses triggered by bond yield spikes and global tariff escalations.
International Response:
- The EU, Canada, and China were highlighted for their retaliatory actions.
- Seventy-five countries were mentioned as negotiating with the US, seeking concessions or entering into trade discussions.
Economic Impact:
- The announcement influenced a strong $39 billion auction of ten-year Treasury notes, with high demand from foreign buyers.
- Analysts described the auction as extremely strong, indicating confidence in US debt despite global trade tensions.
Political Commentary:
- Various political figures and analysts, including Kevin O'Leary from Shark Tank, expressed strong opinions on the tariffs and their impact on China.
- The document includes criticism from John Bolton, who described Trump's tariff strategy as economic illiteracy.
Strategic Goals:
- Trump's strategy aimed to isolate China and encourage other countries to negotiate with the US.
- The administration's approach was framed as a national security measure to counter China's economic practices.

Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the 47 Morning Update with Ben Ferguson and Verdict with Ted Cruz Wherever You get You're Podcasts. Thanks for Listening

#seanhannity #hannity #marklevin #levin #charliekirk #megynkelly #tucker #tuckercarlson #glennbeck #benshapiro #shapiro #trump #sexton #bucksexton
#rushlimbaugh #limbaugh #whitehouse #senate #congress #thehouse #democrats
#republicans #conservative #senator #congressman #congressmen #congresswoman #capitol #president #vicepresident #POTUS #presidentoftheunitedstatesofamerica
#SCOTUS #Supremecourt #DonaldTrump #PresidentDonaldTrump #DT #TedCruz #Benferguson #Verdict

See omnystudio.com/listener for privacy information.

Trump's Tariff Tango-The Art of the Deal

Powered by Wave AI