🚀The Future Is Just Around the Corner!

Coinbase is calling on U.S. federal banking regulators to create standardized rules for crypto services in the banking industry. The company has submitted an official request to the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC), urging them to update current policies.

Under Coinbase’s proposal, banks would be allowed to provide custody and execution (C&E) services for cryptocurrencies either directly or via third-party providers like Coinbase. The exchange insists that regulatory barriers hindering legally compliant crypto companies from partnering with banks must be removed.

Coinbase, leveraging its close ties with the Trump administration, aims to position itself as the “Fed” of the crypto world. After all, traditional banks lack the necessary infrastructure and experience to service crypto accounts, so they’ll naturally turn to Coinbase for custodial tools once they receive regulatory clearance.

According to this vision, the future financial system is already taking shape in Thiel and Musk’s technocratic “Technat.” Meanwhile, President Trump has reportedly issued an ultimatum to CIA and FBI staff: accept severance equal to eight months’ salary and resign voluntarily, or be terminated without compensation. He plans to disband both agencies entirely, then restaff them with loyalists. Since the FBI is seen as the main security service for the Federal Reserve, the big question is who’s next on Trump’s list of eliminations.

It seems likely the Fed itself may face a similar shakeup soon. By then, a “crypto-Fed” in the form of Coinbase—complete with its own SWIFT-like system powered by XRP—will be ready to step in. These “fantastic” conspiracy theories appear to be unfolding faster than ever… especially with the self-proclaimed “Emperor of Mars” at the helm.

#Coinbase #Crypto #Banking #Regulation #Fed #CIA #FBI #Trump #Technat #Thiel #Musk #XRP #SWIFT #FutureTech #BreakingNews

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📰 Wall Street Bleeds, Trump Reloads: Is Powell Just the First to Fall?

April 2025 has officially entered the history books — for all the wrong reasons. U.S. stocks are suffering their worst April since the Great Depression in 1932. And in the shadow of collapsing indexes and tariff-fueled uncertainty, Trump’s Washington is hunting for someone to blame. Spoiler alert: it’s not Trump.

💭 “The Fed refuses to cut rates. That’s sabotage.”

— Unnamed GOP strategist, whispering what Trump’s shouting

📊 Recession Roulette
Markets are tanking. Growth forecasts are plummeting. The IMF sees a new economic order emerging — and investors see red. Literally. With recession fears mounting, the Trump administration is already laying the narrative groundwork: Powell and the Fed are the problem, not the tariffs, not the fiscal chaos, not the 100-year high trade walls.

💼 The Powell Purge – Just the Beginning?
Trump’s base loves a good villain. And Fed Chair Jerome Powell is ripe for the role — elite, unaccountable, and inconveniently independent. Expect growing calls to “reform” (read: gut) the Fed come 2026, when Powell’s term expires. Until then, the blame game is just beginning — and it’s bipartisan theater at its finest.

📋 A Cabinet on Thin Ice
Behind the scenes, Defense Secretary Pete Hegseth is fighting off scandal rumors and intra-party whispers. Meanwhile, Senator-turned-envoy Marco Rubio is expected to carry the diplomatic baggage of Trump’s firestorms — from Houthi missiles to Iranian nukes to grumpy European allies. Heads may roll, but only after the optics align with midterm messaging.

🚀 Enter Elon, Again
And yes — Musk is circling back. This time not just as an innovator, but as a shadow architect of bureaucratic redesign. Think less “Starlink” and more “Deep State Reboot.”

🤔 If Trump is building the new empire, is Powell just the first statue to topple? And who’s next — Hegseth, Rubio, or… the dollar itself?

#trump #fed #powell #wallstreet #recession #whitehouse #midterms2026 #economicreset #elonmusk #rubio #hegseth #deepstate

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📊 Egon Zakrajšek on Europe’s Financial Trap and Trump's Demands

🤩🤩🤩🤩🤩

Egon Zakrajšek, a well-known Slovenian economist and visiting professor at Istanbul University, shares his opinion on Europe and its relations with Trump’s America.
Here is our (slightly abbreviated) translation of his article published in Turkey.

Even today, the same question arises: "Where will the Europeans take the money from?" What Trump invented is that Europeans must pay for weapons and on the principle of "morning money, evening goods. In the evening, money in the morning is a commodity." But the EU has no money. 💶

The FED has indeed granted large loans to the European Central Bank. Print the Euro without these loans, the ECB cannot for a very simple reason — this is inflation. And when you have dollars in reserve, respectively, you can convert excess cash into dollars and place them on the US financial markets. 💵

The European Union has no analogues on the American financial markets. They don't have their own tool to sterilize excess liquidity in the economy.
📈 Inflation, of course, in the European Union is, and it is much higher than the official indicators, but the question is more complicated.

"The official statistics lie in each country individually to get the maximum subsidies from Brussels and, therefore, they lie at the Brussels level." In the United States, "this is a lie at the level of Washington."
There are optimistic estimates that inflation in the United States is about 8%, pessimistic — around 12%, meaning for households and for small businesses. Because for large companies this is an incomprehensible thing at all. Their production structure in the United States is very weak.

The fact is that "the Europeans have already begun to shout that they have money and have already launched a program, they simply printed to buy weapons." 💣
And there is an assumption that this money was thrown at them, "because the Americans do not need euros."

🇺🇸 The Americans have a deficit trade balance with Europe. Not so long ago, "Europe sold more to the United States than the United States did to Europe." Therefore, "the Euro in the United States is not needed."

For this reason, "withdraw money to buy these weapons, which, according to them, were promised by Trump, can only be if the FED secretly issues dollars to the ECB."
According to US legislation, "the audit of loans that the FED issues to central banks of other countries, allegedly to maintain the stability of the course, is unclassified," That is, "Trump is prohibited from studying these transactions."

#Zakrajsek #Europe #ECB #Trump #FED #Inflation #DebtCrisis #Weapons #Geopolitics

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🤩🤩🤩🤩🤩

But there is a subtlety here: since "the American people, who are the bearers of power, cannot be abolished and represent this people in Congress," it is likely that Congress will have the power to appoint a Commission that the FED will examine.
But "they will or will not, this question is still unknown", yet "we know that there is such a thing as intelligence services that, using their methods, not always correct from the point of view of human ethics, can extract various non-trivial information." 🕵️

Here the author strongly suspects that "Trump's irritation about Powell, the head of the FED, is due to the fact that he gave money to the ECB."
Now it is clear "why Trump invented this weapon system." "According to him, instead of giving Ukraine weapons for free, let the European Union first give money that it received from Powell, as if without coordination with the American political elite."

There are a lot of elite groups in the United States that have generally supported Trump — now "they are arguing again because Trump is not doing exactly what they want."
The Euro-Atlantic group, of which Trump is also a member, and Powell "are certainly part of the Euro-Atlantic group that controls the FED, and for this reason he gave money to his own." 💸

The other question: "whether he had the right to give money to political projects" — here, for the author, "it is not obvious."

📉 "Everything is bad in the economy of the European Union" — "as a whole and in each country of the EU, that is, the big countries, individually."
The only exception is Poland, because "Poland is phenomenally using the confrontation with Russia to extract money from Brussels." 🇵🇱

#trump #unitedstates #powell #ecb #money #eu #war #fed #poland #economy

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📰 Trump Fires His Way to Absolute Power

Seven months into his return, Trump has turned Washington into an HR experiment in authoritarianism. This week alone, he fired a Federal Reserve governor, the CDC director, and a rail regulator — all positions historically shielded from presidential whims. His rationale? Loyalty first, expertise last.

💭 “We will no longer have an administrative state in which you have decision makers who are insulated from naked political pressure,”

warned Fordham law professor Jane Manners.

📊 The fallout:
• Federal Reserve: Lisa Cook ousted on dubious fraud claims. Trump openly bragged he’ll soon control rate decisions.
• CDC: Susan Monarez pushed out after resisting Trump’s vaccine policy tweaks.
• Rail regulator: Robert Primus axed over social posts critical of Trump.
• The message: Institutions once designed to outlast politics are now expected to function like Trump Org subsidiaries.

💼 Trump isn’t hiding it — he’s boasting. “I have the right to do anything I want,” he said this week, floating troop deployments to Chicago while bullying Cracker Barrel into killing a logo redesign. Meanwhile, Congress is mute, the Supreme Court nods along, and markets are left guessing whether monetary policy now depends on Trump’s Twitter feed.

🤔 If the Fed, the CDC, and regulators fall to presidential purges, what’s left of “independent” America? Or is the new rule simple: agencies exist only until they stop clapping?

#Trump #USA #Fed #CDC #power #authoritarianism

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📰 Trump’s “Golden Age” Looks More Like Rust

💭 “The odds are close to 50/50, maybe more. The case for a slowdown is pretty compelling.”

— Neil Dutta, Renaissance Macro

📉 The numbers don’t lie
• Job creation collapsed from 323,000 in December to just 22,000 in August — the weakest hiring outside of a recession in 60 years.
• Factory payrolls are down 41,000 since February despite Trump’s tariff blitz, the harshest since the 1930s.
• Foreign-born workers have dropped by over 1 million this year, cutting labor supply just as aging demographics squeeze the workforce.

⚡️ Blame game in Washington
• Trump points at Jerome “Too Late” Powell, demanding a 3% rate cut almost no economist supports.
• The Fed is expected to deliver multiple cuts starting Sept. 16, with Wall Street betting on three in a row.
• Administration officials promise a rebound from AI, tariffs, and the “One Big Beautiful Bill,” but even Morgan Stanley projects growth of just 1.5% this quarter.

🏭 The policy fallout
• Tariffs meant to jumpstart U.S. manufacturing instead froze investment and killed subsidies that fueled Biden-era factory construction.
• Trump’s crackdown on undocumented labor is shrinking payrolls and choking industries reliant on immigrant workers.
• State budgets are getting slammed as his fiscal bill shifts costs like Medicaid onto them, deepening cuts to public jobs.

🎭 The bigger picture
Trump sold a detox on the way to a manufacturing boom. What Americans are seeing instead is a weak labor market, rising inflation pressures, and a government pointing fingers. The “golden age” looks a lot like stagflation dressed up in red, white, and blue.

🤔 The question
How long can Washington keep selling “patience” before voters decide this golden age is fool’s gold?

#Trump #economy #jobs #tariffs #Fed #inflation

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More Americans trust the opinions of the Federal Reserve on the U.S. economy than President Trump, a new poll has found.

When asked who they trust more to set economic policies for the U.S., nearly twice as many respondents in the latest Economist/YouGov poll released this week said the Federal Reserve board. While 45 percent said they would trust the Fed more, 26 percent said they would trust Trump more. Another 29 percent said they weren’t sure between the two, the poll found.

Trump has been feuding with the Fed and chairman Jerome Powell for much of his second presidency in a dispute largely over interest rates.

The president has repeatedly highlighted renovations at the Federal Reserve’s downtown headquarters to argue Powell is wasting money, and he has pushed for the ouster of board of governors member Lisa Cook. This has been largely seen as a maneuver to get Powell and others on the Fed board to resign.

#Trump #Fed #Poll

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📰 Flying Blind: America’s Economy Without a Dashboard

A Shutdown That Hits Data, Not Just Paychecks
The third day of the federal shutdown hasn’t crippled government services alone — it’s blinded policymakers. The Labor Department’s monthly jobs report, supposed to land Friday, never arrived. Economists now warn the U.S. is “flying blind” just as the labor market shows troubling signs of fatigue.

Weak Jobs, No Numbers
Private payrolls shrank by 32,000 in September, the sharpest drop in over two years. Corporate hiring plans have fallen to their lowest since 2009. Yet the official government snapshot is locked away. For the Federal Reserve, which meets later this month to weigh more rate cuts, the blackout is more than an inconvenience — it’s a paralysis.

Politics Over Policy
The Trump administration is moving aggressively during the stalemate: slashing funds to Democratic-led states and signaling potential firings of federal workers instead of furloughs. Treasury Secretary Scott Bessent warned the shutdown could “hit GDP, growth, and working America.” Lawmakers, meanwhile, remain dug in on Capitol Hill, using the economy as leverage in their budget war.

The Stakes
In past shutdowns, the economy bent but didn’t break — 2018–19 cost $11 billion, with most of it recovered. This time may be different. A long shutdown risks raising unemployment, spooking investors, and eroding confidence. Each week costs roughly 0.2% of GDP, and the U.S. Travel Association estimates $1 billion in lost tourism spending weekly. The S&P 500 may still be at record highs, but Main Street is already paying the price.


What’s more dangerous for America’s future — the missing data, or the politicians willing to play economic roulette in the dark?

#shutdown #economy #jobs #trump #fed

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Markets Tread Water Before Jobs Report: Oracle Bleeds, Treasury Yields Stuck

Wall Street is in wait-and-see mode. The S&P 500 wobbled around 6,815 as investors braced for the November jobs report on Tuesday — the first real economic data since the government shutdown scrambled the data calendar. Tech stocks got hammered. Oracle's 17% decline extended into another session. Broadcom was heading for its worst three-day plunge since 2020. Crypto sank 3%. The only certainty: whatever the jobs number shows, traders are betting it will be "good news is bad news" — weak employment might trigger more Fed rate cuts.

The data void and the bets
The government shutdown delayed both the October jobs report and this week's consumer price index reading. That's created a data vacuum that's making traders jittery. A market survey shows expectations are split three ways: 29% bet "risk-on," 36% bet "risk-off," 36% bet it'll be "mixed." Markets are pricing in roughly a 0.7% S&P 500 move in either direction on the payrolls print.

Fed officials are signaling caution. Governor Stephen Miran argues the current policy stance is "unnecessarily restrictive." New York Fed President John Williams called monetary policy "well positioned" but flagged increased employment risks. Traders are already pricing in two Fed cuts next year — more than the Fed's own projections — and building options positions betting on a first-quarter rate cut. Treasury two-year yields edged down on those expectations. The 10-year yield sat at 4.18%, little changed.

The Oracle problem and the broader AI reckoning
Oracle's continued selloff reflects a bigger anxiety: the company's $300 billion AI infrastructure bet is starting to look shaky. JPMorgan Credit analyst Erica Spear expects pressure on Oracle's bonds to persist into 2026 as Wall Street hunts for cracks in the AI narrative. Broadcom's collapse — down nearly 20% in three days — compounds the signal: investors are getting nervous about whether the AI spending boom can actually generate returns.

Meanwhile, iRobot filed for bankruptcy after 35 years of making Roombas, handing control to its Chinese supplier. ServiceNow and Adobe got downgraded as KeyBanc sees AI cutting into their software sales. The AI boom that promised to lift all boats is starting to look like it might hurt more than help.

The optimism trade (for now)
Some strategists remain bullish. Citigroup expects the S&P 500 to hit 7,700 by end of 2026 on the back of robust earnings and continued Fed easing. UBS Global Wealth Management is positioning for a rally in 2026, expecting 7,300 by June and 7,700 by year-end. Michael Saylor's MicroStrategy bought almost $1 billion in Bitcoin for a second straight week, betting the selloff is a buying opportunity.

The week ahead
Jobs report Tuesday. CPI Thursday. Both numbers are affected by shutdown-related data-collection gaps, so investors might treat them cautiously. But as one analyst noted, the lack of real-world economic information during the shutdown means these reports will set the tone for the rates market as year-end holiday mode kicks in. Treasuries are headed for their best year since 2020 if the dovish bet holds. If jobs surprise to the upside, the dollar could pop and the rate-cut timeline shifts.

#Markets #Fed #Jobs #AI #Oracle #Stocks #Treasury

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Tariffs, Truth, and the Fed Hit List

Kevin Hassett just turned a routine Fed research note into a loyalty test. On CNBC, Trump’s top economic adviser called a New York Fed study an “embarrassment” and said the central bank should punish its own researchers for concluding that U.S. companies and consumers ate nearly 90% of the cost of 2025 tariffs rather than China. The message wasn’t subtle: if your math makes the White House look bad, the problem isn’t the policy, it’s you.
​
The Fed paper did something boring and dangerous: it compared import prices and volumes and found that most of the tariff burden was passed through into higher U.S. prices, in line with other independent studies. Hassett’s counter‑argument was a story, not a rebuttal: tariffs “bring stuff home,” raise demand, lift wages, and leave Americans better off.

No numbers, just vibes. In the same ecosystem, Trump has already demanded that Goldman Sachs dump its chief economist for saying tariffs hit Americans, fired the head of the Bureau of Labor Statistics after ugly jobs data, and is watching a criminal probe hang over Jerome Powell’s head while pushing him out in favor of a more obedient Fed chair.
​
You can see the new hierarchy: politics first, narrative second, data last. Tariffs are good by definition; if the numbers say otherwise, the numbers must be “partisan.” The target isn’t just one study, it’s the idea that independent stats offices and central bank researchers get to describe reality instead of marketing it.

When the White House starts talking about “punishing” people for adding up the bill, the real policy isn’t about trade anymore. It’s about teaching everyone in the system that truth is whatever makes the president look like he’s winning.

#trump #tariffs #Fed #Hassett #economy #fakePopulism

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🚢 Trump the Underwriter-In-Chief: Bomb First, Insure Later

Trump just reinvented “freedom of navigation” as a bundled product: war plus government-backed shipping insurance.

As drones hit the U.S. Embassy in Riyadh and explosions roll across Dubai and the Gulf, the White House is now promising to escort tankers through the Strait of Hormuz and provide U.S. insurance for trade in the Gulf — a state-backed guarantee for a crisis it helped ignite. Oil, which had spiked on Hormuz panic and Iranian barrages, immediately pared gains as traders priced in the idea that the same navy launching Tomahawks will now babysit supertankers.

On Capitol Hill, the constitutional math is getting the usual creative rewrite. Senate Majority Leader John Thune says Congress doesn’t need to authorize this war as long as it stays inside a 60–90 day window, insisting Trump already has all the authority he needs for “the operations that are currently underway.” That dovetails nicely with Trump’s own messaging: the campaign against Iran could last “four to five weeks” — or, as he’s now hinting, longer.

Markets have stopped pretending this is “contained.” The S&P 500 is sliding, the dollar is ripping higher, Dubai’s market is reopening under a 5% limit-down throttle, European gas futures are jumping, and Iraq says it will shut output at Rumaila as storage fills up in a region where airspace is closing and embassies are evacuating staff. Even Fed officials are openly saying the Iran war has injected a fresh layer of rate and inflation uncertainty — code for “we now have to watch both missiles and CPI.”

And through it all, Trump keeps the salesman patter going. He tells Germany’s Friedrich Merz they’re “on the same page” on Iran, calls the latest hit on Tehran’s leadership “substantial,” shrugs that the next rulers of Iran might be “just as bad,” and then promises that once this is all over, oil prices will fall again. For now, though, the business model is clear: U.S. policy sets the Gulf on fire — and then offers to charge the risk premium, write the insurance, and park a carrier group next to your tanker, all under the banner of “collective self-defense.”

#Iran #Trump #Hormuz #oil #shipping #Fed #warEconomy #MiddleEast

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Dollar’s Iran War Hangover

The dollar is taking a hit, and it’s not because the Fed suddenly got soft — it’s because everyone else decided to go full hawk once Trump set the Middle East on fire. Since the US–Israel war on Iran began and Brent shot roughly 50% higher, markets have flipped from pricing Fed cuts to assuming the Fed just freezes in place while Europe, Britain, Japan and even Australia talk, hint, or move toward hikes.

The result: euro, yen, sterling, Swiss franc and Aussie all gain on the week, while the dollar index posts its biggest weekly drop since January — even as traders warn that if the war drags on, the greenback will come back as a classic “safe haven” riding US energy exports and global fear.

In Brussels and London, central bankers are suddenly rediscovering inflation. The ECB held rates but all but admitted that energy‑driven price pressure means hikes are back on the table; markets now fully price at least one move by June. The Bank of England did the same “on hold but ready to strike” routine and promptly triggered a rout in short‑dated gilts as traders shoved in roughly 80 basis points of tightening by year‑end.

The Bank of Japan, long the global dove, left the door open to a hike as soon as April, giving the yen a rare boost as carry‑traders blinked. Australia simply skipped the winks and raised again, its second hike in two months.

Washington, meanwhile, is stuck in a classic Trump‑era contradiction. The Fed sits on its hands because Powell has no idea how deep the war damage will go, money markets have killed off hopes of rate cuts but haven’t priced hikes, and at the same time the administration is begging Saudi Arabia and Israel not to push Iran’s energy network over a cliff while openly considering unsanctioning Iranian barrels and already relaxing restrictions on Russian oil at sea.

LNG in the Gulf gets hit, the world’s largest gas complex is “crippled,” crude flirts with $120, and the supposed king currency of the system spends a week being marked down because everyone else is hiking to pay for Trump’s freedom‑of‑navigation cosplay.

The punchline for a Telegram feed is simple: the war Trump sold as strength is now rewriting global rate expectations, making Europe and Asia look tougher than the Fed on inflation, and briefly knocking the dollar down — while every serious strategist quietly adds the same caveat.

If this conflict drags on and the shock gets bigger, the dollar doesn’t die; it comes back stronger as the world’s favorite panic asset, backed by US oil and a war bill that someone will eventually have to pay.

#IranWar #Trump #dollar #Fed #ECB #BoE #BoJ #RBA #FX #oil #gas #energyCrisis #markets #warCost #fakeStability

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#navarro #fed #taxes #rebellion

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AI Stocks Hit the Brake: Traders Remember Gravity

The AI bull market just discovered the concept of downside.

Chipmakers across Asia are getting hammered after months of straight‑up rally. MSCI’s Asia Pacific index is down hard, Japan’s Nikkei is having its worst day since March, Taiwan Semiconductor is headed for its biggest one‑day drop in over a year, and Kioxia is off double digits.

The message from the screens is simple: when everyone crowds into the same “AI forever” trade, the exit door gets very small, very fast.

Futures say the pain is not local. Nasdaq 100 futures are sliding, European futures are pointing lower, and Netflix just added fuel by warning of a second straight quarter of slowing sales growth — not exactly the backdrop you want for more than $700 billion in planned AI capex this year.

The market is finally asking the question Wall Street avoided in the hype phase: does all this “transformational spend” ever turn into profit, or is it just a very expensive group hallucination.

Oil picked the perfect moment to join in. Brent is back around $85, up roughly 12% on the week as Hormuz shipping clogs and Middle East hostilities escalate — the biggest weekly jump since April and exactly the kind of move that turns “cooling inflation” into “maybe the Fed isn’t done after all.”

Gold is slipping, the dollar is firming, and Fed officials are already hinting rates may have to stay higher for longer. The AI dream is colliding head‑on with the old‑school reality of expensive energy and stubborn prices.

Bonds and currencies are acting like they’ve seen this movie before. The 10‑year Treasury yield is stuck around 4.55%, Australian and Japanese government bonds are edging weaker, the yen is hanging near a four‑decade low while Tokyo threatens “decisive” intervention and hopes the word will move the market.

Strategists call it “extraordinary volatility” in chips, which is a polite way of saying panic profit‑taking.

The Philadelphia Semiconductor Index is almost 20% off its June peak, Asian chip gauges are having their worst week in months, and big names like Alphabet are slipping as stories leak about delays in delivering flagship AI models.

The rotation out of tech isn’t philosophical, it’s mechanical: funds lock in whatever gains are left, then rebrand the exit as a “healthy correction.”

On the ticker crawl it still looks orderly. Underneath, it’s sharper: a market that spent a year pricing AI as a guaranteed miracle is suddenly remembering that balance sheets, shipping lanes and central banks still exist.

If the AI mega‑spenders can’t show real earnings fast, this won’t be the end of the AI story — just the part where traders realize they bought the trailer, not the movie.

#markets #stocks #AI #chips #oil #inflation #Fed #techbubble #fakeDemocracy

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🛢 War, Tiered Tariffs, and an Economy on a Short Leash

The Iran war and Trump’s new tariff system both push US prices higher, but in a more conditional — and more political — way than a blunt “global tax.”

The renewed fighting has pushed Brent back near $100, slowed Hormuz, and driven average US gas prices back above $4 a gallon, roughly 30% higher than pre‑war levels.

Inflation had just slipped to 3.5% in June, down from 4.2% in May but still above the Fed’s 2% target; the new energy spike makes the path back to 2% much rougher.

Higher oil feeds into everything that has to be shipped, heated or fertilized, and winter heating bills for oil‑heated homes could jump toward $1,700 if crude stays at that level, versus about $1,100 last winter.

The new tariffs are the second shock, and they are tiered. Section 301 duties of 10% and 12.5% are keyed to forced‑labor rules: the 10% tier hits partners like the EU, Canada, Mexico, India and the UK that enforce bans on such imports; 12.5% lands on countries that do not, including China, Japan, Brazil and Australia.

Most Canadian and Mexican trade still moves under USMCA preferences, and existing steel and aluminum tariffs are not stacked on top. Separately, Trump just used Section 338 to slap 50% tariffs on selected Canadian goods like wine, spirits, hockey sticks and cement, regardless of USMCA — a different, harsher tool.

Underneath that machinery is a governance story. In February, the Supreme Court ruled that the 1977 emergency law Trump used for his “Liberation Day” tariffs did not authorize them, wiping out that scheme.

The new 301 matrix, refreshed 232 metals setup and 338 Canada proclamations are all ways to rebuild the same basic policy on firmer statutory ground after losing in court, while still reaching 99.4% of imports.

Studies on the first Trump tariff wave found it added roughly 0.7 points to inflation and shifted most of the cost onto US consumers; analysts now warn that combining renewed war with fresh duties could keep core inflation above 4% into 2026.

The risk isn’t that everything explodes in price overnight. It’s that Washington has turned open‑ended war and long‑running trade conflict into a semi‑permanent floor under inflation — and is asking voters to call that resilience.

#USA #Trump #Iran #oil #tariffs #inflation #Fed #economy #fakeDemocracy #oligarchy

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