Set your clock – must be the weekend – New Tariffs imposed
Someone wants the Fed Chair job
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- Must be the weekend - New Tariffs imposed
- Someone wants the Fed Chair job
- TACO FAFO and more...
- More muddy AI cover art
- YUGE move for markets
- Tariffs reinstated by Appeals court - for now
- Hope for a spending bill - SPENDING BILLS
- Retailers still worried - apparel stores not happy
- President Donald Trump told U.S. steelworkers on Friday that he will double tariffs on steel imports to 50%.
- “We’re going to bring it from 25% to 50%, the tariffs on steel into the United States of America,” Trump said during remarks at U.S. Steel’s Irvin Works in West Mifflin, Pennsylvania. The president said the steep tariffs would “further secure the steel industry.”
- “At 25%, they can sort of get over that fence,” Trump said. “At 50%, they can no longer get over the fence.”
- Shares of mining company Cleveland-Cliffs popped roughly 22% following the announcement, while Steel Dynamics jumped more than 13% and Nucor was up more than 12%
- Court Strikes them down - something we discussed a bit on the legality of tariffs in the way they were impose to begin with
- Appeals court reinstates temporarily
- Did you see Howard Lutnik? Like putty in Trump hands, saying how Trump will win, he always wins, he is such a winner, no one can negotiate like Trump - on and one in a press conference.
- The U.S. growth outlook was downwardly revised to just 1.6% this year and 1.5% in 2026. In March, the OECD was still expecting a 2.2% expansion in 2025.
- “Global GDP growth is projected to slow from 3.3% in 2024 to 2.9% this year and in 2026 ... on the technical assumption that tariff rates as of mid-May are sustained despite ongoing legal challenges,” the OECD said.
- It had previously forecast global growth of 3.1% this year and 3% in 2026
