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Elon Musk is known for many things. Subtlety is not one of them.When Musk shared a grainy two-minute video at 4:59 a.m. Monday to his 218 million followers, his post contained no words, and yet the message was clear. It showed the free-market intellectual Milton Friedman, in a 1980 clip well known to economists, waxing poetic about free trade as he sketched out the international origins of the parts that form a pencil.Musk was expressing his discomfort with President Trump’s imposition of draconian new tariffs. And yet one has to wonder what Musk hopes to accomplish.This is not a president
@kobilacroix OFC #Greedflation will mean that corporations like #Apple will just 1:1 the prices even if the #USD:#EUR goes 2:1.
And yes, I knew a time when people got paid to order for pickup Apple devices in the #USA, fly back with them and properly declare them at customs because even at 2x19% tax + buying new chargers it was cheaper than accepting 60% price gouging.
Also no #retailer will accept sucking up the losses, cuz even if Apple were to make 80% margin on their devices at their stores, they'd be in the red without raising prices...
Stocks surged on Wednesday afternoon, ripping higher after President Trump said he would back down on tariffs for most of the world for the next 90 days, citing new talks with foreign nations.The S&P 500 climbed over 7 percent in a matter of minutes after Mr. Trump posted the decision on Truth Social, sharply reversing days of losses.It was a drastic turn for a market that has been racked by anxiety about the rollout of the new tariffs, which had taken effect before Mr. Trump announced the pause. The sharp reversal left the S&P 500 9.5 percent higher Wednesday, its
A sharp sell-off in U.S. government bond markets and the dollar has set off fears about the growing fallout from President Trump’s sweeping tariffs, raising questions about what is typically seen as the safest corner for investors during times of turmoil.Yields on 10-year Treasuries — the benchmark for a wide variety of debt — shot 0.2 percentage points higher at one point on Wednesday, to 4.45 percent, a huge move in that market before it subsided a bit. Just a few days ago, they had traded below 4 percent. Yields on the 30-year bond rose significantly as well, briefly topping
The European Union plans to vote on Wednesday afternoon on its first retaliation measures in response to President Trump’s tariffs, moving closer to placing increased duties on a range of manufactured goods and farm products that would take effect in phases starting next week.The list up for consideration is a slightly trimmed down version of one that was announced in mid-March in response to Mr. Trump’s steel and aluminum tariffs. E.U. officials have spent recent weeks consulting with policymakers and industries from across the 27-nation bloc in an effort to minimize how much the countermeasures would harm Europeans.The final list
t42 IoT Solutions
Bytes Europe
Kevin Karhan 
Europe Says
