The Dow Jones jumped more than 500 points today, and the S&P 500 hit another record high, as markets signal their approval for President Trump\u2019s recent trade deals \u2014 especially the latest with Japan.<\/p>\n
And that\u2019s on top of the Philippines, Indonesia, Vietnam, and the U.K.<\/p>\n
He\u2019s really gaining on it.<\/p>\n
Master dealmaker Trump is securing a whole bunch of trade deals \u2014 with moderate tariff rates, plenty of new market openings for American businesses to sell abroad, an enormous barrelful of tariff revenues to finance tax cuts and reduce budget deficits, and \u2014 in general \u2014 putting the world\u2019s trading system on a more level playing field.<\/p>\n
Despite all of the panic, horror, cries of catastrophe, and jumping off a cliff by most of the economics profession and the press, the sky has not fallen.<\/p>\n
I\u2019ll go back to the market.<\/p>\n
From the uber-pessimistic lows, the Dow has recovered by 7,300 points \u2014 which is nearly 20 percent.<\/p>\n
It really looks like one big beautiful bull market \u2014 which is cheering on Mr. Trump\u2019s dealmaking, his moderate approach to developing a new world trading system, and mindful that this president is acting on behalf of the United States.<\/p>\n
And he is succeeding.<\/p>\n
And he is not finished yet.<\/p>\n
Deals are being worked on with China and the European Union, among others.<\/p>\n
But it looks like 20 percent-type tariffs will be the key template for his trade reorder. Okay.<\/p>\n
There has been no tariff recession.<\/p>\n
There has been no tariff inflation.<\/p>\n
Very importantly, there has been no tariff retaliation against America.<\/p>\n
This is enormously positive.<\/p>\n
And it is a key element of Mr. Trump\u2019s new reciprocal fair trade design.<\/p>\n
The Trump doubters will never admit this \u2014 but the president is moving foreign tariff rates way lower than used to be the case.<\/p>\n
And he is moving non-tariff barriers in the same direction.<\/p>\n
So we can be selling cars, various manufacturers, agriculture, even rice (haha) to places that refused to buy them.<\/p>\n
Gosh \u2014 that sounds a lot like the direction of free trade.<\/p>\n
Add on to that, the One Big Beautiful Bill \u2014 with its tax cut incentives for business and blue collar workers, and which screams out \u201cbuild in America and you won\u2019t have to worry about tariffs\u201d.<\/p>\n
When you add all that up, you\u2019re probably looking into the makings of a major league American economic boom.<\/p>\n
Promises made, promises kept.<\/p>\n
From Mr. Kudlow\u2019s broadcast on Fox Business Network.<\/p>\n","protected":false},"excerpt":{"rendered":"The Dow Jones jumped more than 500 points today, and the S&P 500 hit another record high, as…\n","protected":false},"author":2,"featured_media":33776,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-33775","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/33775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=33775"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/33775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/33776"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=33775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=33775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=33775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}