Let us understand: North Vietnam cannot defeat or humiliate the United States. Only Americans can do that.
Richard Nixon
Are you seeing how the Trump administration and Elon are being coerced by the people who control market forces? The tanking of Tesla all but caps DOGE’s projected $150 billion government spending cut venture.
For all the talk on tariffs, one should be surprised if they even reduce the trade imbalance by a trillion. That would literally be a miracle.
Everything else stays the same.
The amusing part is that the US Treasury would have made more had they just left the tariffs on throughout the last few days.
Had the original tariffs (including the 145% on China and 11–50% on 56 other countries) remained in effect from April 4 through April 23, 2025, the U.S. would have collected an estimated $100 billion in tariff revenue over this 20-day period. This is actually more than then the US Treasury’s monthly interest cost (FY2025): ~$80–$81.5 billion.
Additionally, it would push for faster bilateral agreements.
The biggest strategic blunder of the US is to change its stance in the long game. This is best represented in the longer wars of recent memory.
It’s tragic that the West falls for Eastern government posturing, which in the likes of China over 500 million never had a coffee.
Double Liberation - Trades That May Take Off Into May
Two “Liberation Days” are set to define April’s final trading stretch: