What should we be hoarding as the Maga universe learns how tariffs work?

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Dollar set for worst year since 2017, yen still in focus​


Merry Christmas sad dollar!

 

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''The skittishness playing out on Wall Street that day barely registered at the White House. Asked whether he harbored any fears about an emerging bubble, one that could damage the economy if it were to pop, President Trump brushed aside all doubts.

“No,” he quickly replied, “I love A.I.”

For Mr. Trump, there is no risk, only reward, posed by the dawning and disruptive new age of computing. Over the past year, the president and his top aides have fully embraced A.I., and showered its leading corporate backers with money and regulatory support, as the administration looks to supercharge one of the primary areas of growth in an otherwise precarious U.S. economy''.
 

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Trump forces a rewrite of Canada’s trade strategy​

With U.S. ties under strain, Mark Carney has unleashed a Cabinet-wide scramble to diversify exports beyond America — even as Ottawa struggles to define its plan

Two-thirds of Canada’s economy is powered by trade, and roughly three-quarters of its exports flow to the U.S. It’s a C$1.3 trillion annual relationship that was celebrated on both sides of the border in good times but has become a source of leverage for America, especially with the Trump administration expected to continue squeezing Canadian industries with tariffs.

Europe is Carney’s top priority for deepening existing free-trade relationships. But closer integration with the European Union is a long game, and Canada has no interest in joining the bloc, according to the official, pushing Ottawa to explore other regions.
 

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The U.S. trade deficit six months into President Donald Trump’s tariffs tumbled to its lowest level since mid-2009, the Commerce Department reported Thursday.

With exports rising and imports falling, the trade shortfall was just $29.4 billion for October, down 39% from the prior month. Exports increased 2.6% while imports slipped 3.2%.

still rolling
 

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US ISM Manufacturing PMI has reached its highest level in 3.5 years

52.6 vs 48.6 expected.
 

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House votes to override Trump’s Canada tariffs


Because it's going so well ...Naturally
 

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