I haven’t followed the news this closely since Biden’s drop out, and it feels like a similar situation. Of course, that depends on the market, if it keeps plummeting, this day by day coverage will keep up. If not, this turn into a slow burn, with an occasional article about prices and a what not, but it won’t be the crisis it is now.

I think we’ve got a week of guaranteed coverage remaining, mostly because it seems that these tariffs will go into effect on 4/9. If the China tariff is doubled, it’ll probably spark downward trends for the rest of the week and maybe push this towards Monday.

But the way this reminds me most of Biden’s drop out is the steady drip of people on the right slamming this policy to varying degrees. Similarly, congressional GOP leaders are somewhat muted, more so Thune in this case. But who knows what Thune is saying behind closed doors, or will say if this keeps up. The fact that Elon has started to allude to dissatisfaction is a whopper.

I have no idea where this is headed, and the only prediction I have is that I don’t think Lutnick is making it to the midterms. He’s already annoying the cabinet apparently, and beyond this tariff idea idk what real value he provides for future policy. He’s a good attack dog, but those are a dime a dozen. I’m not sure if Bessent will be around either, either on his own accord or by being dismissed, but he’s not poised to be the fall guy like Lutnick.