My gut says they're a lot more emboldened to go full tilt on the tarrifs with the budget bill passed. The plan all along has been to shift from taxes to this to raise revenue for the govt, and with the enormous deficit hit from that they have the cover to say "well we need to balance the budget" etc.
The republicans leadership in the house has put mechanisms in place to prevent reps from challenging the tarrif laws. I don’t think it’d be a cake walk for them to do it through the legislative branch
Howard Lutnick got pulled from the TV sidelines over stuff like this apparently. Bessent is running the show now which is probably why they’re actually responding to the bond market punching them in the face this week
There were people buying 18,000 SPY 510 calls at noon due to expire yesterday at 4pm. That is an absolutely insane thing to do unless you had very sure insider information of an incoming spike
If you’re a manufacturer how quickly can you even stand up a factory in the US and train that factory of workers to produce your item? 3-4 years? What’s the chances republicans still control congress by that time? The presidents continued ability to enforce this relies on controlling both chambers because the tarrifs are being put up under an emergency declaration that congress has the power to override. If you don’t think that’ll continue to be the case in 2 years time it seems very difficult to justify the investment, and if markets continue to crater I would think it would further reinforce this
I moved to the financial district a couple of years ago and I was very happy to find how anti car parts of it can be. I pretty much never hear any street traffic where I live. The narrow streets mean lots of places it isn’t covered in parked cars, there’s low to seemingly no traffic on the weekends, the closed streets around the exchange area is basically a big dog park after working hours.
I’ve looked at a bunch of different apartments this summer with my lease coming up, but I don’t think I want to deal with the noisy other parts of lower manhattan
Well, everything except the professional football team and the basketball team oh and also the giant real estate company. All of the stuff that generates lots and lots of money, which seems like you would want to sell for your trusts big philanthropic mission to have the greatest impact.