Liberation Day at One: $166 Billion Collected, Nothing Liberated
One year after Liberation Day, the tariffs collected $166 billion, lost 89,000 manufacturing jobs, and got struck down by the Supreme Court.
Economy
The Market Believed Whichever Trump Statement Came Last
Wednesday's Hormuz Hope rally collapsed overnight after Trump's speech sent Brent crude surging to $106 and Asian markets tumbling 2.1%.
Brent Crude Hits $106 After Trump's Speech, Third Time Above $100 Since War Began
Brent crude surged to $106 per barrel overnight as markets digested Trump's escalatory tone, marking the third breach of $100 since February 28.
Goldman Puts Recession Odds at 30%. BlackRock's Fink Says $150 Oil Means Global Downturn.
Goldman Sachs raised U.S. recession odds to 30% — its third hike in 90 days — while BlackRock's Fink warns $150 oil means global downturn.