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![biancoresearch Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::188369814.png) Jim Bianco [@biancoresearch](/creator/twitter/biancoresearch) on x 486.3K followers
Created: 2025-07-14 14:32:06 UTC

Recall that Trump sent out a bunch of letters over the weekend, jacking up Tariffs.

*TRUMP TO IMPOSE XX% TARIFF ON GOODS FROM CANADA
*TRUMP SET TO KEEP TARIFF EXEMPTION FOR USMCA GOODS: US OFFICIAL
*TRUMP SAYS US WILL IMPOSE XX% TARIFFS ON EU, MEXICO FROM AUG. X

As I write ...

The S&P is down X points or down X basis points.
The 10-year yield is up less than X basis point.
In other words, there is effectively no market reaction to the tariffs,

Trump won. He does not have to TACO. 

Canada, Mexico, and the EU, to quote a Trumpism, don't have any cards to play.

What POTENTIALLY changes this is a giant tariff-driven beat in tomorrow's CPI?


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1944766861981196308/c:line.svg)

**Related Topics**
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[canada](/topic/canada)
[tariffs](/topic/tariffs)
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[official trump](/topic/official-trump)
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