No. of Recommendations: 3
Finally had time to watch the entire presser.
Two takeaways:
-companies can forget about seeing any tariff refunds. He will keep the matter tied up in litigation for years. This is something he is expert at. We have seen his whack-a-mole strategy in operation before.
-he says he doesn't need Congress for anything. While he is collecting the flat 10% tariff, every country he wants to charge more to, will be investigated. I am pretty sure that, by now, every staffer, in every department, knows the consequences of not telling his nibs what he wants to hear, so every "investigation" will recommend the tariff God on Earth Trump wants to charge that country.
So, six months from now, we will be right back where we were yesterday.
Steve
