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Good evening. On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testi
www.federalreserve.gov
powell issues statement regarding grand jury subpoenas and theats of indictment, says it’s over his decisions on rate cuts being counter to trump’s wishes rather than actual crimes
China's trade surplus was led by booming exports to non-U.S. markets as producers looked to build global scale to fend off sustained pressure from the Trump administration.
And the law of unintended consequences kicks in yet again....
(not surprising, the US tariffs left the Chinese with a bit of over production (although really, not that much- the entire US market if they had simply closed the borders entirely to all Chinese exports would still only be a drop of only 13.6%!!!)
President Donald Trump announced new exemptions on his 125% reciprocal tariffs on China. Most high-tech imports will now see a reduction in tariff rates back to 20%.
www.oxfordeconomics.com
So the Chinese get a (brief) period of overproduction (which means TROTW gets slightly cheaper trade goods from China, thanks trumpy poopypants lol) while the US now has MAJOR holes in its economy- (think of how empty the shelves of almost all US stores would be if literally zero Chinese goods came into the country- shops like your Walmarts etc rely heavily on Chinese made goods...)
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