Australia’s chances of escaping America’s global steel and aluminium tariffs appear all but extinguished, with the US president reconfirming his commitment to a comprehensive tariff regime he argues will be “the greatest thing we’ve ever done as a country”.
“We’re going to take in hundreds of billions of dollars in tariffs, and we’re going to become so rich, you’re not going to know where to spend all that money,” Donald Trump told reporters on board Air Force One flying from Florida to Washington DC.
“We’re basically going to take back the money – a lot of the money that we’ve given away over many decades.”
This is just a way to plunge the market value so he and his cronies can buy cheaper stocks.
Plunge the market so they can do options on the way down. Then with the profits but the stocks at a cheaper price. Also do options on the way up.
And buy out bankrupt companies and liquidated assets.