Have to wonder what Apple and many others paid him or have offered to throw into mid terms and his third election bid.
What is the EU's trade 'bazooka' and what impact would it have? The Anti-Coercion Instrument (ACI) has been dubbed the European Union's 'big bazooka' - a nuclear option that could be deployed if a trade war with the US escalates. Quite a long piece so best read on the website. https://www.rte.ie/news/clarity/2025/0412/1507222-eu-us-trade-clarity/
This is going to confuse some of the Trump supporter fools on here that think the US can control the global economy ( they can't ). Plus Trump backing down within days of most of his policies suggests he has no idea what he is doing and has to walk back most changes when he sees their impact ( whether it's a 90 day delay or immediate exemptions ). I've yet to see a meaningful trading partner make a single concession to Trump on anything trade related. All they've done is counter Trump's tariffs and inform the US of their best weapons in the trade war. Canada, for example, can shut off electricity/oil/metals exports to the US and/or slap an export tax on them. Meanwhile, consumers in many countries are doing organized boycotts of US products. You can tell the really clueless ones because they keep trumpeting everything as a win but keep saying they are shorting markets. Like Trump, they are illogical people who think they need to be heard.
The gyrations in the stock markets are a symptom of the uncertainty in US policy. The real impact is happening in the bond market. The US 10 yr is 5bps off 5%. The price of our debt just increased ~10% just this week! 30 year interest rates on mortgages just hit 7% this week. Bessent is running for the hills with Trump absolutely destroying the federal balance sheet. We are heading for Fed v PBOC scenario that can get really ugly.
President Donald Trump exempted smartphones, computers, and other tech devices and components from his reciprocal tariffs, new guidance from U.S. Customs and Border Protection shows. Who had trump pussing out in under a week!!!