Jay Kuo

1 month ago | thinkbigpicture.substack.com | Jay Kuo |Kaiser Kuo

Last week, Trump put a 90-day hold on his announced “Liberation Day“ tariffs, with one very big exception: China. For that country, one of our largest trading partners, Trump actually ratcheted up tariffs by some eye-popping amounts. China then retaliated with high tariffs of its own. By all accounts, Trump has begun a trade war with the other global superpower. And that is likely to have major repercussions for both the global and U.S. economies.

1 month ago | thinkbigpicture.substack.com | Todd Beeton |Jay Kuo

Last week, Donald Trump’s trade advisor Peter Navarro went on Fox and declared with a straight face: “Tariffs are tax cuts.” Such Orwellian spin was brazen even for the serial liars currently occupying the White House.

1 month ago | thinkbigpicture.substack.com | Todd Beeton |Jay Kuo

Elon Musk spent hundreds of millions of dollars to elect Donald Trump last year and so far he’s gotten a lot of bang for his buck. So why would he stop there? Musk has made it very clear that he intends to leverage his limitless fortune to buy more elections for Republican candidates, and the first test of that—a Wisconsin Supreme Court race—is coming up on April 1.

2 months ago | thinkbigpicture.substack.com | Jay Kuo |Todd Beeton

On Monday, Donald Trump confirmed that his 25% tariffs on imports from Canada and Mexico would go into effect at 12:01am Tuesday morning, which caused a 2-day drop in the Dow Jones of more than 1300 points. Yes, Donald Trump has launched the most unnecessary and frankly dumb tariff war in history. But what is really going on here?