...Team Trump will appeal, so in the interim tariffs will probably continue to get collected.
...When politicians use 'emergency powers' or 'national interests' arguments loosely, remember you said we ought to be afraid. So why shouldn't we?
...Trump could go in a warpath against the courts and sets up a constitutional crisis.
...Even if Trumps wins the appeal eventually, this will ensure Uncertainty prevails longer. So if tariffs don't kill the economy, prolonged uncertainty could.
Over the last 12 hours:
1. Reporter asks Trump about the "TACO" (Trump Always Chickens Out) trade
2. Trump responds “Don’t ever say what you said.”
3. Trump orders US chip designers to stop selling to China
4. US pauses exports of chip software and jet engine technology to China
5. US announces that they will begin revoking visas of Chinese students
What is happening here? https://x.com/KobeissiLetter/status/1927874013453222126
...on this note, it wouldn't surprise if the US-China truce ends here.
