The Art of the Deal (1987)

Something tells me that this latest ‘flip-flop’ may have been his intention all along. And yet, the bond market is what made him act. The stock market can always recover. And the amount of tariff revenue from all those imports for the 12 or so hours from when they went into effect yesterday (at midnight) would have been enough to fuel tax cuts for his rich friends. The tariffs on Canadian and Mexican imports have not changed, and China’s now at 125%. But instead of the fraudulent rates announced on Liberation day, the tariff rate for the world is 10%, which was his intention, too. (You see, if you put the rates outrageously high, people will accept a lower, ‘paltry’ rate of 10% as reasonable.)

US Stocks were seesawing between gains and losses on Wednesday morning when Donald Trump chimed in with some financial advice. At 9:37 am (US time), he posted on Truth Social: “THIS IS A GREAT TIME TO BUY!!! DJT.”

Just under four hours later, Trump announced a 90-day pause on nearly all tariffs—news that sent markets soaring. By the close of trading, the S&P 500 had jumped 9.5%, recouping around $4 trillion in market value—roughly 70% of what had been lost over the prior four trading days.

The Economic Times

Most would suggest that this amounts to insider trading, a con, if there ever was one.

No, we didn’t.