I froze for three seconds when this news popped up: Trump only signed the Graham Act last month, threatening tariffs of up to 500% on Russian goods imported into the US, and tariffs of up to 100% on US imports from the top five countries that buy Russian oil (with China and India prominently among them). October 18 was the deadline. But then, last Friday, he quietly signed an exemption order, exempting everything—and said it was in the national interest.
One minute he was threatening to bomb Iran’s nuclear facilities, sending Brent crude soaring to $110; the next, he was signing a diesel supply deal with Russia and giving tariffs the green light again. The midterm elections are on November 3, and diesel prices are still near historic highs. You know what this move is all about.
$BTC was just kicked by inflation data to around 80,000 and is catching its breath. If the pressure on oil prices really lets up, can risk assets catch a break too?
Pick a side in the comments: A. Tariffs are a paper tiger—signing them is the same as not signing them / B. The exemptions are a backdoor; he can pull them out anytime to scare people
#特朗普 #关税 $BTC $ETH
One minute he was threatening to bomb Iran’s nuclear facilities, sending Brent crude soaring to $110; the next, he was signing a diesel supply deal with Russia and giving tariffs the green light again. The midterm elections are on November 3, and diesel prices are still near historic highs. You know what this move is all about.
$BTC was just kicked by inflation data to around 80,000 and is catching its breath. If the pressure on oil prices really lets up, can risk assets catch a break too?
Pick a side in the comments: A. Tariffs are a paper tiger—signing them is the same as not signing them / B. The exemptions are a backdoor; he can pull them out anytime to scare people
#特朗普 #关税 $BTC $ETH