MORE Trump Announcements [Full Detail] July 4

Kevin is very talented, but I don't know

it's going to be him, but he's a very

talented guy. Hey, it's Kevin. Time to

talk about what Trump just said in the

last 15 hours, not only at his Iowa

speech, but also afterwards, where he

gave us some insights into tariffs,

along with some information that we got

on tariffs this morning from the

European Union, from the Italian Prime

Minister, and more. Quick spoiler.

Italian prime minister in talks and EU

negotiations still not going well just 5

days ahead of July 9th. But first, let's

hit some of Trump's comments in the last

15 hours. Donald Trump in his speech

talks about how he was asked for

permission for Iran to fire 14 rockets

at us and our air bases in the Middle

East, saying it's fine, that they

respect us so much that they gave us a

heads up. Well, in fairness also they

probably would have gotten obliterated

if they uh like actually obliterated if

they injured a single American in the

process. That said, it is worth noting

that the IAEA just withdrew all of their

nuclear weapons inspectors and just

nuclear inspectors in general, nuclear

material inspectors, uranium inspectors,

uh enrichment facility inspectors, all

of them have been withdrawn and sent

back to Vienna out of Iran. The IAEA

posted that all have been removed safely

and now we don't have any inspectors at

all in Iran. Which keep in mind if you

haven't yet seen my video on Pyramid

Mountain, you might consider searching

on YouTube Meet Kevin Pyramid Mountain

where we break down that just outside of

the Natans facility is a completely

untouched uranium enrichment facility

potentially with thousands of

centrifuges. Anyway, Donald Trump then

jumped into talking about expanding

modernization for air traffic

controllers, boasting a $15 billion

going to air traffic control

modernization. I'm a big fan of this as

a pilot. He also talks about expanding

school choice. Now, we don't have all of

the answers on exactly how this is going

to work yet, but inside this over

900page bill, there was an established

voucher program deduction. Now, this

sounds really complicated, but just

think about it like this. Let's say

somebody creates an entity. I don't

know, let's call it school hack for

giggles. So, school hack exists. And

school hack says, "Hey, if you donate

$10,000 to school hack, we'll give you a

free voucher to go to this private

school or charter school or school of

your choice." basically a vehicle or a

conduit gets established to where your

payment for a child's tuition becomes

taxdeductible at likely the federal

level. Not sure that states will be very

happy about that. Uh and then you could

send your child to school for

potentially 30 to 40% off because you're

taking a deduction on that investment

and you're guiding where you want your

child to go to school. Now, it's exactly

unclear how this will all be

established, but it basically enables

people to have school choice. Now,

traditional proponents of school choice

basically say that the money that we

spend in property taxes for public

schools should be allocated the way we

want. So, we should just say like, hey,

we pay property taxes. Every child gets

$2,000 per year or whatever it is to go

to a school. Here's that $2,000. If you

want to spend it on a public school, you

can. If you want to spend it on a

charter school, if you want to spend it

on a private school, you can. If you

want to add to that, great. But you get

a voucher of $2,000 if you want your

child to go to a different school. This

basically gives parents more freedom to

dictate where their children can go to

school. The problem with this and why

it's deemed typically unpopular is that

if everybody chooses to go to the more

successful schools because people with

more money are able to support those

schools, then the potentially more

wealthbacked children go to a school

with more means and everybody else gets

sort of left behind and you basically

concentrate poverty in one school which

could potentially affect learning

outcomes uh and concentrate higher

learning outcomes potentially with more

money, more resources at more rich

children's schools, right? That's sort

of the argument.

This is a little different because it's

kind of a tax deduction at a federal

level, which means technically you're

not reallocating local property tax

revenue, but you're still creating a

conduit for parents to get a deduction

for sending their children to charter

schools, private schools, or schools, I

suppose, of their choice, where money

kind of dictates where admissions are

possible.

very well. This gives us a little bit of

clarity on what's going on, though it's

still entirely to be determined what all

the details of this will be.

Additionally, we heard from Donald Trump

that, and this was sort of an offthe

cuff remark, that he wants to get rid of

property taxes, which is really

interesting because that's totally

something that's run by states uh and

not the federal government. So, I don't

know if that was just sort of like an

off-the-cuff com comment or promise, but

then again, during his campaign when he

sort of off-the- cuff promised things

like no taxes on overtime, no taxes on

tips, and no taxes on social security,

we did end up getting big pieces uh that

that sort of lower at least taxes on a

portion of overtime tips uh and social

security uh income for those various

different groups. So, who knows what

he's got up his sleeve. Donald Trump

talks about putting farmers in charge if

they work with people who are good

people, who are hard workers, but are

undocumented. One of his uh uh sort of

cabinet members followed up and said

that we're working on an H2A streamline

visa program to make it easier for these

workers to have some form of seasonal

worker visa. So that way we can get to

having 100% legal workers even if

they're seasonal slash undocumented

legal notalish workers. Also details to

be determined. Very kind of common. A

lot of new information, a lot of new

things happening very quickly. Donald

Trump then suggested that we might end

up uh next year planning a UFC fight on

the grounds of the White House. A

championship fight put together by Dana

White and UFC. This would be as part of

the Great American Fair, which would

start in Iowa, he said, and would be

about uh Celebrating America 250 and

some form of really large nationwide

fair that ends up culminating in the

National Mall, which is in DC. Unclear

if this is like something you kind of

intend to go to like multiple different

locations with or or what. Sounds

interesting, but that would be a next

year thing. Anyway, he does briefly talk

about Mom Dami in his talk. says, "We

will not allow communism or Marxism in

America." Then talks about ending the EV

mandate, this requirement that states

wanted to be all electric and sell no

more ICE vehicles as of 2035.

Donald Trump then says on tariffs that

we will be sending out letters starting

potentially today. Uh we're sending out

10 to 12 letters on the 4th, so today

followed by the 9th. every country will

have gotten their letters and these

letters will institute tariffs of

between 10 and 20% potentially as high

as 60 to 70%.

Now, Donald Trump also says he wants to

keep it reasonable, which is a walk back

from the panic that we saw during

Liberation Day, which sounds good, but

it also remains to be seen how damaging

now larger tariffs could be, especially

since they won't actually take effect

until August 1st, which is actually a de

facto delay, right? If you know, we're

supposed to have the 90-day period end

July 9th, but we're actually not

instituting tariff collection until

August 1st, it's basically a deacto 3-we

extension, which means if tariffs don't

actually start taking effect August 1st,

you don't potentially see the effect of

these larger tariffs until maybe

September, October, November. This seems

to be a very much kick the can down the

road tariff situation which

unfortunately is kind of the same

playbook that we saw in 2018. We

negotiated with China for over 2 years

tariff uh you know deals. We never got a

deal done and it wasn't until CO that we

ended up just settling on something

because we were focused on CO. The

European Union this morning came out and

suggested uh that they also have been

unable to reach a deal that they would

continue negotiations over the weekend

uh hoping to secure a deal. And they're

looking to secure a pause worst case

scenario if they can't get a deal

together. And so far they're willing to

reduce their counter measures of tariffs

down to 72 billion euros from 95.

However, the EU is now being threatened

with a 17% tariff by the US on European

food. This is happening at the same time

as we're hearing talk that uh the

Chinese are not having the best luck

negotiating with Europe either. uh which

is also kind of interesting because it

it shows that there are still issues

between uh you know China potentially

flooding even the European market with

too many assets or you know products

that they want to sell and Europeans

were kind of stuck in this place of like

okay what side do we choose the Chinese

or the US but oh crap if we side with

the Chinese we kind of start seeing the

problems that the US has been

complaining about for quite a while when

it comes to these tariffs who knows

either way these letters are coming out.

They're going to be imminent. Some

people believe that this is why we're

starting to see a symbolic sort of or

sorry, not a symbotic Bitcoin or

Ethereum slowdown. We've seen Bitcoin

drop uh just about $2,000 since some of

this talk. We've also seen Ethereum give

up some of its Ethereum treasury plan

like a micro sale or micro micro micro

strategy plan. We've seen Ethereum

basically give up all of those gains and

fall back under that very very critical

2500 line. Although I did notice in the

after hours yesterday, which obviously

we're not going to get updated numbers

on now, but Symbotic held up its 13%

gains yesterday, which was a big pitch

in our alpha report yesterday morning

before it even moved off of the line,

which is pretty awesome. Okay, that

said, what else do we get from Donald

Trump? Well, we got some more commentary

on the big beautiful bill. Here's some

information that I put in the Meet Kevin

app, which you could download for free

at um you just type it into the Apple or

Android app store, but you can see it

under the news tab. I put these notes in

here and these charts. I think this is

an interesting breakdown of sort of

where the money is going and where the

revenues are coming from. So, you could

pause and kind of take a look at this if

you want. Obviously, tax cuts being the

biggest uh increase in deficit. It is

worth noting that right here, this is a

chart that I think is a little bit

biased because the Biden infrastructure

law when it was originally passed was

only expected to cost $384 million. It's

the inflation reduction act. But Goldman

Sachs actually believed it could cost as

much as $1.3 trillion, which would put

it more where my mouse is over here. Uh,

which, you know, is obviously a lot more

than what they're showcasing here

because of loose Treasury Department

interpretations of what vehicles or

assets would end up qualifying for

credits. Uh, which I think is very

interesting because here they're

basically trying to say that Republicans

increase the deficit the most. Honestly,

it's probably not totally untrue though.

I'm actually a big believer that

politicians are just always going to

spend more money as much as they try

their best to cut money sometimes. I

actually don't think that's like a huge

priority for all politicians because

most of the time they gain more votes by

spending money and cutting taxes for

people. Uh that said, you know, the Wall

Street Journal has has a piece that kind

of shows you the danger of fighting with

politicians. And uh the Wall Street

Journal says Elon Musk lost to Trump and

Elon just can't get over it. And

basically what they say is that hey with

politics you have to be able to

sometimes just like go with the flow and

Elon Musk is so caught up in this idea

that this is terrible. We're we're

increasing the debt. Uh you know this

this is a big pork party is what the

Republicans are. And uh you know

basically they say Don Elon Musk digs

himself deeper into a hole because he's

fighting politicians that just by virtue

of being politicians always expand the

debt. So this is where Elon's like what

good is Doge saving $160 billion when

this bill increases the debt ceiling by

5 trillion. It makes a mockery of the

work right. Uh so this is uh this is

very much uh a common sentiment right

now and it sort of aligns with Elon Musk

talking about this idea of creating a

third party uh which also is is somewhat

interesting because Elon Musk is now

doubling down on this idea that hey if

we make a third party we don't actually

need the party to do more than take

control of maybe two or three Senate

seats or 8 to 10 House districts. And

the reason for this is Elon Musk would

want to target sort of that middle

uh swing vote like the I I personally

think the Kirstston Cinema, the Joe

Mansion type, you know, maybe not so

much the Tom Massie because he's kind of

leaned on on one side, but he could be

seen as a hedge against Republican

spending. Uh and it's unclear if this

would actually function, but Elon Musk

certainly has enough money to bankroll

some of these campaigns. So, it could

happen. Uh it's very interesting. Uh and

I think it is astute of Elon to realize

that the party's not going to be big

enough to actually get big votes to get

a lot of seats. And so he just wants to

focus on getting enough seats. In this

case, you'd really have to just focus on

uh you know, people educating people on,

hey, if you're going to vote Republican,

make sure you vote for this particular

person when you go down your ballot,

like when there's a presidential

election or something, which usually

people don't change what they vote on

the ballot. Like when they go down, it's

like, I'm going to go all Republican and

they just go down list all Republican or

all Democrat and they go down the list,

all Democrat, right? It's uh it's it's

definitely an uphill battle, but you can

kind of see some of that that

frustration going on. Uh as far as the

economic benefits of the bill, it does

seem like there's pretty much an

agreement uh amongst all of these sort

of different models that in 2026 and 27

we are going to see an increase to GDP

of half to 1%. And uh there are

obviously different opinions on how

much. But whatever our GDP is, assume it

would be about half to 1% higher uh than

what it would be without this bill. With

only a potential negative coming in 2033

to 34 per Yale model over here, I don't

know that that really matters much

though. What matters more is like are we

going to prevent seeing some form of uh

you know layoff surge? If there's some

kind of surge in layoffs, that sort of

growth might not be enough. up. The hope

is that capex spending that's being

driven by this bill and people being

able to write off things like machinery

or aircraft or whatever in full by 100%

bonus deductions, which is great for

businesses, mind you. I think the idea

is that those sort of deductions would

help this economy uh keep moving and and

keep hiring and spending.

So, so far we've got 90 days into trade

and tariff negotiations. since we've got

one deal with a surplus country and one

deal with a deficit nation. So obviously

a little bit of work remains to be seen.

So this gives us sort of an overall idea

of what Trump just said in the last uh

24ish hours here.

Bullish catalyst. Why not advertise

these things that you told us here? I

feel like nobody else knows about this.

We'll we'll try a little advertising and

see how it goes. Congratulations, man.

You have done so much. People love you.

People look up to you. Kevin Pafra

there, financial analyst and YouTuber,

Meet Kevin. Always great to get your

take.