Trade War Impact - Trade war is the wrong approach to addressing imbalances in the global economy [1] - Trade war will harm households [1] Economic Policy - Bank of England Governor Andrew Bailey comments on trade war [1]

Market Performance & Trends - Despite tariff threats, the Russian Ruble's value increased, and the Moscow stock exchange rose sharply [1] - Since the last US election, the S&P 500 has increased by 84% [2] - Seven stocks, representing about 35% of the market, have been driving the market's performance [3][4] - Without the "magnificent seven" stocks, the S&P 500 would only be up 33% [4] Individual Stock Performance - Tesla is up 26% since the election [5] - Meta is up 26%, driven by AI [5] - Amazon is up 13%, but down slightly since the inauguration due to tariffs [6] - Google is up 7%, but down since the inauguration due to competition in the search business from AI companies [7] Economic Impact of Tariffs & Policies - Economists are lowering their estimates of a recession; predictions are closer to 30% [9][10] - Tariffs have not had a significant effect on inflation, which is around 28% for core inflation and 4% including food and energy [13][14] - Interest rates have been relatively stable since the election, providing a tailwind to the market [16]

U.S. President Donald Trump announced plans to impose new 30% tariffs on Mexico and the European Union effective from Aug. 1, launching the latest salvo in his ongoing trade war. https://t.co/lhMaJeMX5U ...

Geopolitical Implications - Countries initially aiming to avoid involvement in the US-China trade war are feeling pressured to align with one side [1]

Market Sentiment - The market is largely on Donald Trump's side in the trade war [1] - Donald Trump is aware of the market's support [1]

Trade & Tariffs - The Trump administration is considering imposing a 35% tariff on goods from Canada [1] - The administration has published 23 letters and announced zero new trade deals [2] - Trump plans to impose blanket tariffs of 15% or 20% on all remaining countries [2] - A 10% unilateral tariff on all imported goods would be four times the average tariff today [3] - The tariffs are a tax, and American importers, businesses, and consumers pay almost all of that [3] - A 20% tariff rate on goods coming over the border will be higher than the inflation rate at its worst [12] - Republicans are standing by Trump's method to bring countries to the negotiating table [15] Russia & Ukraine - The US is resuming deliveries of some weapons to Ukraine [5] - Secretary of State Marco Rubio met with Russia's foreign minister and exchanged new ideas about how to end the war [5][6] - Russia launched a massive attack on Kyiv, with over 400 drones and missiles [6] - House Speaker Mike Johnson and Senate Majority Leader John Thun are prepared to move forward with new sanctions on Russia [7] - Trump will have a major statement on Russia come Monday [7] - Legislation from Senator Graham and Blumenthal has 80 senators already signed on to it [31] Birthright Citizenship - A judge blocked Trump's birthright citizenship order restricting it once again [33] - The ACLU created a class action lawsuit, and the judge certified this class [34] - The judge agreed that birthright citizenship is part of the constitution and is applying it across the country using this class action [35]

President Donald Trump threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with the country. https://t.co/cSxELDOPmx ...

Countries that had hoped to stay out of America’s trade war with China fear they are being forced to pick a side https://t.co/s7tOQbBN7K ...

I'm going to send letters. That's the end of the trade deal. I could send one to Japan.Dear Mr. . Japan, here's the story. You're going to pay a 25% tariff on your cars.America's most famous pen pal. Joining us now, Democratic Senator Tammy Baldwin of Wisconsin. I'm sorry.That was Dear Mr. . That was the dumbest thing I've heard in a long That's our president, y'all. Go America.Why not dear Miss Japan. Well, talk about it. Well, well, well, that's another story on the Let's Let's start where Alicia left off ...

Today on “The Intelligence”: how to think about Trump’s (delayed) trade war, Brazil’s broken football machine and why England is falling out of love with lawns https://t.co/fTsfMPb8bj ...