Trump's Newest Tariffs on Truckers and Cabinets.

Hey everyone, me Kevin here. Donald

Trump back at it again with some new

tariffs. Comey indictment because

remember nobody is above the law except

well anybody associated with Jeffrey

Epstein and the Epstein but what list

anyway. Uh so we got a few new tariffs

here and things to talk about. We'll

talk implications of this. First of all,

we have uh any trucks over 10,000 lbs in

weight. So, heavy trucks uh 25% tariff

unless the parts are manufactured in the

United States. This is classic Trumpian

protectionism. It is a benefit to the uh

uh unions who manufacture these vehicles

and uh US uh steel production. It is uh

is something that hurts typically

consumers because trucks typically

transport goods like cabinets, vanities,

and upholstered furniture which oh wow

those happen to be exactly also on the

list of new tariffs. Restoration

hardware is down like 4% after hours now

because upholstered furniture will now

have a 30% tariff and cabinets and

bathroom vanities uh probably because

house hack is just making too much damn

money. So, we're going to we're going to

uh Donald Trump is now going to tariff

vanities and cabinets at 50%,

upholstered furniture at 30%. So, I

guess that's probably going to hit IKEA

as well, huh? Uh maybe they'll like the

Swedes or something. But anyway, these

will all take effect October 1st in

addition to now a 100% tariff on branded

pharmaceuticals unless of course those

companies promise that the production of

US plants are underway. This all seems

to be part of uh Donald Trump's method

for negotiating, which is very much

exactly what he's doing with the Tik Tok

deal, given that today he signed an

executive order announcing that the Tik

Tok deal is officially being signed via

his executive order. JD Vance says the

deal is valued at $14 billion. But

what's quite interesting about that deal

is

China didn't acknowledge the deal. No

one from Bite Dance was in the office or

signing the deal. And so really what we

have is Donald Trump signing an

executive order saying I approve this

unilateral deal. So it's almost kind of

more like he made an offer or he signed

an offer to the Chinese and he's like

that's it. See we made our deal. And and

I can kind of see this with Donald Trump

in the background talking to his cabinet

like all right you know we made our

offer to the Chinese. They seem to be

okay with it. Then he sends out some

truth socials to uh, you know, will it

into existence. They they seem to like

the deal. They didn't say they like the

deal after they met. They said they

talked with Trump uh and that uh the

Chinese wanted to make sure that the

United States were being fair with uh uh

tariffs and trade which clearly they

argue that we're not being given that

even today China reiterated that they're

promising not to buy any soybeans from

the United States whereas previously

they were buying 60% of our exported

soybeans because tariffs are unfair. So,

in response to the Tik Tok deal, they

said, "Yeah, we're good as long as we

have fair negotiations." Meanwhile,

today they're like, "We're not having

fair negotiations. We're not going to

buy any more soybeans." And so, but

after that day, this is all kind of

confusing, but to clear it up, after

that day, Donald Trump said, "Yeah, the

Chinese liked our deal, but that's not

what the Chinese said." And then today,

Donald Trump is signing the deal that

the Chinese never said they actually

approved. So, I don't actually think we

really have anything other than smoke

and mirrors here, which is pretty

typical because Donald Trump sort of

operates through executive order and we

know that executive orders either end up

getting questioned in the courts, which

have sided a lot with Donald Trump um

and especially the Supreme Court. Uh and

you know, when we're relying on other

countries, a lot of other countries in

fairness have been sort of rolling over

on tariffs because sort of what choice

do you have? The United States GDP on

paper is booming because of artificial

intelligence spend. The United States

stock market's doing really well. So

you've got a powerhouse of a US consumer

which is the strongest in the world. Of

course you want to sell. So you kind of

get extorted into signing trade deals

with Donald Trump. But whatever. So uh

the announcement today are again cabinet

vanity 50% upholstered furniture 30%

trucks 25%. These all very much likely

to be because Donald Trump wants some or

at least part of these things to be

manufactured in the United States. And

then 100% on branded pharmaceuticals.

Same thing. Wants production in the

United States because these are the

things we want to make instead of the

Vietnamese making our upholstered

furniture. I don't know other countries

making our cabinets I guess. But

whatever. Uh, in addition to that, we

now have um the no one above the law,

Pam Bondi announcement that Comey is

being indicted via grand jury, which is

this is basically a group of peers

deciding to bring charges, deciding that

there is enough evidence for the

government to bring charges. There's a

very low bar for grand juries to uh

bring an indictment. Very, very low.

People say that you could basically tell

a grand jury anything and they're okay

with bringing charges. Uh grand juries

are typically

uh one-sided. There's no counterparty

arguing it. It's just usually the

prosecutor's like, "This is the evidence

we have. Good enough to bring a case."

Sure. Yeah, bring a case. But the whole

point of bringing this case is because

the statute of the limitations of 5

years against Comey expires on Tuesday

and Donald Trump a week and a half ago

is like, "Hey, we need to we almost

forgot to bring charges against Comey

because we said we weren't going to do

what the prior administration did and

weaponized the Justice Department." Oh,

wait. Scratched out. We're going to

weaponize the Justice Department and go

after the guy who perpetrated the Russia

Russia Russia hoax, which of course

Donald Trump argues was a hoax. Comey

argued, "No, there was plenty of Russian

interference that was helping get Donald

Trump elected because, oh wow, what did

we see earlier today? Donald Trump

thought he had a good relationship with

Putin and has done absolutely nothing

against Putin for the last nine months

and uh has even gone as far as

suggesting that the 500% tariff bill on

anybody who imports Russian oil goes too

far in Congress against Putin because

he's friends with Putin and he's going

to meet him instead in, you know, in

Alaska like we saw because they're

friends and Trump's going to show him

military might by flying B2 bombers.

Look how powerful we are. Meanwhile,

Putin's the one who's getting the laughs

laugh because he's buying all the time

in the world from Trump because he's

being nice to Trump. You know, Donald

Trump loves it when Putin's like, "Yeah,

Donald Trump is right. This war would

have never happened if Trump were

president." It just like feeds Trump's

ego so heavily. It's exactly what Trump

wants to hear. And Putin just ends up

winning more time with that. So, it's

like brilliant 4D chess from Putin, mind

you. Keep in mind this is exactly the

same mistake that uh JFK before his

assassination uh uh conducted when he

invited Kruev to a meeting in Vienna and

then oh we're friends with the Americans

don't mind us placing these missiles in

Cuba.

It's kind of interesting how uh history

tends to rhyme. Uh but anyway uh yeah

thanks Donald Trump. We now have more

tariffs when you have a Federal Reserve

who won't commit to the remaining two

interest rate cuts for the rest of the

year because of your damn tariffs and

now we're getting more of them. Uh which

is leading people like Fed Schools B to

suggest that hey uh did you know Kevin's

coupon expires tomorrow even? Oh sorry

that's the wrong line. It actually said

that is true. We had some great calls

this morning in the meet Kevin Alpha

report. But no, Goulby said this

morning, he's like, "Look, we want uh to

cut rates, but we have to make sure that

inflation isn't persistent." So, we need

to be aggressive in the fight against

inflation. Otherwise, people's

psychology is going to change. Dude, I

was just sitting at the AT&T store and

this guy's like, "Oh, I just bought a

house or whatever." You know, I'm a

little concerned because the Fed is

cutting rates, but we're not at 2%

inflation yet. Verbatim what he said.

And I'm like, there you go. That's

consumer psychology getting screwed up

because consumers, they don't they don't

listen to this stuff that we do on a

daily basis. So what is the consumer

here? The consumer here is inflation's

running higher and it's slightly

elevated because of some underlying

inflation because of tariffs. Maybe the

tariff impact so far so far is only 3.4%

as JPAL says, but wow, no surprise.

We're at least at 3.4 above our target.

So, it delays these interest rate cuts

and that's just the initial impact. The

real concern is that we've had an

economy that's been propped up by in

like this tariff pull forward. And so,

people are like, "Oh, you better buy

your air conditioners before tariffs

come in." I heard I hear that from every

HVAC company. Oh, we're almost out of

inventory of the pre-tariff stuff. Then

prices are going to go up. I hear the

flooring guy as we're doing renovations

for house. Oh, you know, just had the uh

they they were able to hold off the

tariffs on flooring for a while, but but

uh here we are, September price

increases were coming in. Could all be a

sales pitch. I don't know. I mean, I get

it. No, nobody knows price is going up

more than the Me Kevin membership, but

that's because we're adding more value

all the time. So, yeah, the price is

going up tomorrow 11:15 p.m. But anyway,

go to meet Kevin.com to learn more about

that. Get the TR. Mind you, we bought

this morning at the bottom of the

market, the double bottom of the market

this morning. nailed it with our call.

Should see that. You can watch it all

live in the uh in the live stream that

we did this morning. But anyway, so more

tariffs, tariffs, more protectionism for

trucks, uh tariffs against cabinets,

vanities, upholstered furniture, October

1st, uh 100% for Pharma. We talked about

the Comey indictment. Keep in mind, he's

getting hit for two statements or two

counts, false statements and

obstruction.

Uh, remember he was also considered to

be the person who potentially leaked

information to Hillary Clinton's

campaign against Trump, though people

say that wasn't Comey. That was actually

his deputy, Mr. McGab, whatever. Uh, and

uh, and he was fired in 2017 uh, once

Trump became president, which is pretty

much uh, one of the first firings uh, he

undertook. Am I missing anything about

Comey?

>> No.

>> Okay. Well, there you have it. So, so

there you go. That's a breakdown of uh

what Donnie T just gifted us. A

one-sided unilateral paper deal,

complaints about the paper tiger,

Russia, and more tariffs. Enjoy. Daddy's

back. Oh, that's the coupon code.