Dante
"The Libido for the Ugly"
Markets poised to recover as Trump official suggests tariffs to be eased today
Commerce Secretary Howard Lutnick said the Trump administration might exempt certain industries from the sweeping tariffs it imposed Tuesday.It's as old as anything in human communication - Baiting and Switching. We've all seen it before. We've all at one point in our lives or another, have fallen for it. In this case it was announce loudly a huge tariff thing. Take credit publicly for being tough, and then on the side signaling to those tasked with carrying things out -- "The Boss says we're scaling it all back"
Lutnick said tariffs will probably cover “not 100 percent of all products and not none,” without offering details on which categories could get exemptions, adding, “it could well be autos, it could be others as well.”
On Tuesday, the Trump administration imposed 25 percent tariffs on everything Americans buy from Mexico from Canada. Imports from China are getting an additional 10 percent duty, bringing the overall tariff to 45 percent. All three countries responded with retaliatory measures of their own.