THE MADMAN MIGHT’VE DONE IT — ZERO TARIFFS FOR ALL

UPDATE:
White House confirms agreements; EU will import more soybeans; U.S. will reassess existing tariffs on steel and aluminum; U.S. will hold off on future tariffs (281.28 +2.40)

President Trump and EU Commission President Junker agreed to work towards zero tariffs, barriers, and subsidies on non-auto industrial goods. The E.U. agreed to reduce trade barriers on soybeans and chemicals. EU will strengthen commitments to import more liquefied natural gas.

“We agreed to establish a dialogue on standards. As far as agriculture is concerned, the European Union can import more soybeans from the U.S., and it will be done. And we also agreed to work together on the reform of the WTO. This, of course, is on the understanding that as long as we are negotiating, unless one party would stop the negotiations, we will hold off further tariffs, and we will reassess existing tariffs on steel and aluminum.”

This also includes the retaliatory tariffs that the E.U. placed on U.S. goods such as cigarettes, steel, boats, motorcycles, and agriculture.

Except China of course. We need to jack those taxes up 5,000%. But negotiations with the EU appears to going well, thanks to the Morton’s Fork offered by his excellency. Either you abide by his rules and fulfill the needs of the empire, else we’ll let Russia invade your countries and steal your young.

“We agreed today first of all to work together towards zero tariffs, zero nontariff barriers and zero subsides for the non-auto industrial goods,” Trump said Wednesday.

Market did the olde 3:30 Ramp today, adding all of its points gained in he final hour. True fuckery at its finest.

How’d I do?

My Quant portfolio, where I keep 75% of my investable dollars, soared by 2.1% — thanks to USNA.

My trading account jimmied higher by 1.7%, thanks to OSTK, FIVN, and DECK.

I cannot be stopped again.

The reactions from Twitter.

The United States and the European Union have a $1 TRILLION bilateral trade relationship – the largest economic relationship in the world. We want to further strengthen this trade relationship to the benefit of all American and European citizens… pic.twitter.com/4zlmEEtCpG

— Donald J. Trump (@realDonaldTrump) July 25, 2018

These perpetual trade war wins are beautiful, believe me. Create crisis. Expand crisis. Fix crisis. Fucking hero. Rinse and repeat.

— The_Real_Fly (@The_Real_Fly) July 25, 2018

Wow, we won the trade war, again

— Ramp Capital?? (@RampCapitalLLC) July 25, 2018

JUNCKER: WE AGREE THERE ARE TOO MANY ILLEGAL SUBSIDIES

hi China

— zerohedge (@zerohedge) July 25, 2018

JUNCKER: WE AGREED ON NEED TO CRACK DOWN ON FORCED TECH TRANSFER

hi again China

— zerohedge (@zerohedge) July 25, 2018

If #Juncker did not get hard agreement from #Trump on removing the unjust steel & aluminum #tariffs then he did not achieve his goal. EU has put de-escalation and mutual benefit of good trade relation first, always, but today’s concession could set dangerous precedent #trade

— Marietje Schaake (@MarietjeSchaake) July 25, 2018

did Trump and Juncker actually do anything beyond agree to talk?

— John Harwood (@JohnJHarwood) July 25, 2018

"We're starting the negotiation right now." @realDonaldTrump on trade talks w/ the EU. So, quite far away from a deal. But this joint presser w/ EU will help calm markets & reassure allies…Unless it stalls out.

— David M. Drucker (@DavidMDrucker) July 25, 2018