Letters from an American April 8, 2025
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Apr 10, 2025 Dive into the turmoil caused by trade tariffs and their ripple effects on the stock market. Discover how these policies intertwine with cultural themes like masculinity and economic identity among the Republican base. Explore the shift from collaboration to dominance in governance, analyzing the implications on international relations and negotiation strategies. Delve into the complex power dynamics shaping today's economic landscape.
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Tariff Fallout
- Trump announced 104% tariffs on China, causing markets to fall.
- Wall Street billionaires tried to change his mind, but failed.
Musk vs. Navarro
- Elon Musk publicly criticized Peter Navarro, Trump's trade advisor, for the tariffs.
- Trump's press secretary dismissed the feud as "boys will be boys."
Koch-Backed Lawsuit
- The New Civil Liberties Alliance, backed by Charles Koch, sued Trump, claiming the tariffs are illegal.
- They argue that the Constitution gives Congress, not the President, the power to levy tariffs.