President Trump at Arlington National Cemetery Monday.
Brace for another rally on Wall Street, boosting President Trump’s confidence in his tariff-forward Art of economic policy Tuesday. By 11 am Wall Street time, the Dow Jones Industrial Average was up nearly 500 points, or +1.2%.
On Wall Street, a burst of good news from the Trump White House trumps the roller-coaster uncertainty of the president’s tariff policy. Trump on Sunday agreed to a delay to July his 50% tariff on European imports after a phoner with European Commission President Ursula von der Leyen, The Wall Street Journal reports.
Trump last week had announced a 50% tariff on the EU, same day he announced a 25% tariff on Apple iPhones.
Don’t miss … Pundit-at-Large Stephen Macaulay’s column on Trump’s black-tie dinner for crypto currency moguls and the iPhone tariff, in the right column.
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How Was Your Memorial Day Weekend? – President Trump’s was “weird,” according to Politico, beginning Saturday with his commencement address to the United States Military Academy at West Point, where he wore a red MAGA hat and gave a campaign rally-style speech attacking “drag shows” and critical race theory, and complaining about his treatment by law enforcement. He wrapped up with musings on “trophy” wives.
Then on Sunday … Politico continues, Trump suspended his 50% tariffs on the European Union and called Russian President Vladimir Putin “crazy” on his Truth Social for continuing to kill Ukrainian civilians, which the dictator has done for three years.
And on Memorial Day Monday … Trump gave a solemn tribute to fallen soldiers at Arlington National Cemetery, while posting on Truth Social: HAPPY MEMORIAL DAY TO ALL, INCLUDING THE SCUM THAT SPENT THE LAST FOUR YEARS TRYING TO DESTROY OUR COUNTRY. (Author’s caps.) Trump singled out MENTALLY INSANE immigrants, WARPED RADICAL Democrats and USA HATING judges.
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Three and Two-Thirds More Years – The Hill helpfully offers this list of “seven most likely successors” to President Trump for the Republican presidential nomination in 2028: Vice President JD Vance, Secretary of State Marco Rubio, Donald J. Trump Jr., Florida Gov. Ron DeSantis, Virginia Gov. Glenn Youngkin, Homeland Security Secretary Kristi Noem and Georgia Gov. Brian Kemp.
Notes … We’d give Rubio, second on the list, primacy over Vance even as Rubio has moved to the right to comply with Trump’s MAGA vision of international relations. The next 43+ months will tell whether or not Noem has to learn the true meaning of habeas corpus.
Meanwhile … Kemp, first and foremost, and Youngkin are the only two of the list after shape-shifting Rubio who might be considered “moderate” Republicans. Any more out there?
--Compiled and edited by Todd Lassa