Boeing is now cancelled in China. The great decoupling begins. Or so it seems. The reality is that Boeing’s planes that are manufactured in America, for Americans, include about 10,000 Chinese made parts. In each plane. In China, they use American made avionics and engines in their planes. Pretty important parts. The trade war shows a stunning misunderstanding of how global supply chains work. While it’s theoretically possible to decouple, trade is also a major driver of peace. I prefer incentives for peace. Just sayin’.

BREAKING: Donald Trump right now: And don't let some of these politicians...let me tell you. These countries are calling me, kissing my ass, they are dying to make a [trade] deal..."please please sir let me make a deal, I'll do anything, I'll do anything sir."

10Y yield 4.24%. Was 3.87% yesterday

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Trump on Gaza: I think it’s an incredible piece of important real estate. And I think it’s something that we would be involved in…controlling and owning the Gaza Strip would be a good thing… if you move the Palestinians around to different countries, you really have a freedom zone.

When I said below that one day after Israel murdered a 14-year-old American in the West Bank, Trump would hold Netanyahu's chair for him like a waiter, I was speaking metaphorically because he did it the last time. But yes, he did it again today:🇮🇱🇺🇸

This man showing us he’s so much smarter than tRump.

Lutnick: "The army of millions and millions of human beings screwing in little screws to make iPhones -- that kind of thing is going to come to America."

The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!

We have massive Financial Deficits with China, the European Union, and many others. The only way this problem can be cured is with TARIFFS, which are now bringing Tens of Billions of Dollars into the U.S.A. They are already in effect, and a beautiful thing to behold. The Surplus with these Countries has grown during the “Presidency” of Sleepy Joe Biden. We are going to reverse it, and reverse it QUICKLY. Some day people will realize that Tariffs, for the United States of America, are a very beautiful thing! Donald Trump Truth Social 04/06/25 07:20 PM

Prediction: Tomorrow will be the largest single day Stock Market drop in the last 50 years. All senseless. Needless. All caused by one man and his decades long fascination with something he knows nothing about. Americans were hoodwinked into voting for a man who could care less about the damage and carnage on the horizon.

Ironically, one symptom of deindustrialization is that many commenters have never actually managed a physical business. So. Suppose your US company imports $1M of high quality parts, and adds in its own components to produce finished goods sold for $1.2M per batch. Your gross profit is $200k per batch. But wait! Suddenly a new 30% tariff is imposed on that $1M of parts. You now have to fork over $300k to customs before you sell anything. That’s cash you probably don’t have. Oh, and even if you do sell everything, you’re now losing $100k per batch. With a sinking feeling, you realize your profitable business which you somehow managed to keep in America all these years has suddenly become unprofitable. You post online about how bad this is but get shouted down by an angry mob, convinced that capitalists like you should die. You can’t tell nowadays if they’re on left or right. Moreover, you don’t have the time, money, skills, or tools in house to build that $1M of parts yourself. You are being asked to do the equivalent of growing a maple tree when all you needed was a little maple syrup. So now you are faced with several tough choices. (1) First, you may need to go into debt or fire people to quickly come up with the $300k in cash to pay for these surprise tariffs at customs. Even if the tariff might go away, it might not, so you have to get the cash somehow or risk having your shipment impounded. (2) Next, you might need to reduce quality to stop losing $100k on each batch. You could order the lower quality $750k parts, grimace and pay 30% tariff at customs, and hope you can build and sell for the same price of $1.2M per batch despite the lower quality. (3) Alternatively, you could keep the quality parts at $1M and instead raise prices to $1.5M per batch to get back your original margins of $200k per batch, which you need to pay employees after all. But that’s a big hike that your customer will probably not welcome, given that he’s likely dealing with his own tariff shock. So: these tariffs don’t really give an incentive to build in the US. Because it’s far more expensive to build a screw factory than to pay even high tariffs on a foreign screw. Instead what they likely mean is debt, layoffs, lower quality, and higher prices for any US company that buys parts abroad. Just to understand how common that is: