More S&P: While the situation is in flux, if enacted, the announced tariffs (Mexico, Canada, China) could increase the U.S. capital goods sector’s total costs by 3%-5%.
Trump and Musk intend to wreck all the other domestic automakers so that Musk can gobble them up for pennies on the dollar and break the unions for good measure.
Meanwhile the Chinese EV maker BYDDY is creeping towards its all-time high. The East wind is about to prevail over the West wind, and I don’t see why it shouldn’t.
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Hope that helps.
It's kleptocracy in motion.