DO YOU WANT A $8.55 (U.S.) CUP OF COFFEE WITH YOUR STAGFLATION. Coffee is at all times highs surpassing the 'stagflation' 1970s. Trump's Tariff ' 25% 'madness' rule is now been extended to steel imports from all of South America. remember, Brazil is America's largest exporter of raw steel at 61%

 

And also remember, Brazil is the world's largest exporter of Arabica coffee beans, and note this news report headline:

• Coffee Futures Surge Over 5% on Brazil Crop Outlook - WSJ

Any counter Tariffs from South America on Trump's (Musk's), well have to use the term for the time being, Fascist Utopian America, will send South America into a recession and the U.S. back into high inflation, which could blow apart Trump, and yes, Musk's dream of keeping U.S. unemployment rates low to shift everybody into space and miliary building programs (a little sarc here, just a little).  Now, if the Fed finally loses control of the bond market, they nearly did in 2023, with very high interest rates, than a bond implosion from hell occurs, with high interest rates, surge in unemployment and inflation.  Well... then, we have a problem.