Trump can't veto this because he's using emergency tariff authority. Congress can revoke it with a simple majority from both the House and Senate. |
DP. Think about what you are saying and consider whether it is plausible. Would a car company really drop a best selling model when they are most concerned with good quarterly numbers? Why would a showroom need to be “retrofitted” to have an EV on the floor? |
Is the idea then that if Congress says there is no emergency, the tariffs are revoked? If so, seems like a no brainer. Mikey can’t hide out forever. |
On the bright side for Trump fans - if you had $200K in a S&P mutual fund today, you lost $9,700 today. And, you look to lose another $30,000 over the next two weeks. But, maybe that trans kid in Utah won’t get to play JV softball this year. So - an even trade.
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Can you spell "Constitutional crisis"? Trump will ignore every law he disagrees with until Congress impeaches and convicts and then we see if Vance takes over and what happens next. |
I just did a quick check of the the websites of most of the major news outlets in the world and all of them have main page/giant/leading headlines about the tariffs/stock market/recession fears EXCEPT for Fox News. On the Fox News site, the huge lead story on the main page is about a teenager killed at a track meet (tragic obviously, but...really) - what an absolute propaganda CLOWN SHOW Fox News is. I realize this is not new information, nor is it surprising. Just sharing.
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There was a time when that channel was somewhat serious, but now it is just Gateway Pundit on TV. |
More progress
Just analyzed the March SEVIS data showing international student enrollment has plummeted 11% from March 2024 to March 2025. https://x.com/crglass/status/1907413679508774939?s=46 |
I heard MAGA are fine with paying more for Made in USA, even if it's not as good. |
There is a Supreme Court case that said everything the legislature does has to be like passing a bill. Had to do with line-item veto or something like that. |
They are not aligned. Some countries are dropping tariffs. |
A picture is worth 10 points in the SP Index.
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Misleading chart as the Y range has been cut off. |
That chart is so last week |
DP. They did drop popular models because of electric mandates. As far as the "retrofit" manufacturers were requiring chargers on site, different areas for electric vehicles, etc. The Ford requirements cost a dealer @$2Million. |