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GM is starting to realize that manufacturing out of the US is not going to work, they are now making plans to bring back manufacturing into this country.Trump has cut 25% of the IRS more cuts are coming.Too Late is destroying the housing market.Fake info about Powell resigning, markets didn't flinch. Trump made deal with Japan. Trump is thinking about removing capital gains tax for houses. Trump and the patriots have put out the bait and Obama took it. They tried to spin the story that it was fake. Tulsi then dropped additional information that was declassified showing Obama orchestrated the entire Russian Collusion Hoax. Trump is now preparing the public, he is exposing the entire agenda to the people of the US. The people will see everything is connected and they accept arrests. [DS] players feeling pain every step of the way.
Economy
GM Slides 7% After Beating Q2 Earnings Despite $1 Billion Tariff Hit, Warns of Steeper Impact Ahead
General Motors reported second-quarter earnings that surpassed analyst expectations, even as the automaker absorbed a $1.1 billion hit from tariffs - but it also warned about a coming steeper impact from tariffs moving into the second half of the year.
In her letter to shareholders, CEO Mary Barra emphasized GM’s resilience, stating:
To strengthen its domestic manufacturing base and reduce import exposure, GM announced $4 billion in new U.S. factory investments in June. The plan will expand capacity by 300,000 units across key high-margin models — pickups, SUVs, and crossovers — at plants in Michigan, Kansas, and Tennessee.
“This will help us satisfy unmet customer demand, greatly reduce our tariff exposure, and capture upside opportunities as we launch new models,” Barra wrote.
Currently, GM imports about half the vehicles it sells in the U.S., primarily from Mexico and South Korea. In contrast, rival Ford produces about 80% of its U.S. vehicles domestically. Ford is expected to report second-quarter earnings next week.
Meanwhile, Stellantis, which owns Jeep, said tariffs cost it €300 million in the first half of the year and warned that results in the second half of 2025 will be significantly affected. Shares in Stellantis and Ford both fell about 1% on Tuesday morning.
Source: zerohedge.com
https://twitter.com/ElectionWiz/status/1948028438495088828
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https://twitter.com/Kalshi/status/1947726659366388036
https://twitter.com/KobeissiLetter/status/1947976587879534937
Canada Accepts They’re Not Going to Get a Trade Deal Before 35% Tariffs Kick In
Trump is simply waiting for the USMCA timeline to trigger a renegotiation. President Donald Trump is ambivalent to the trade partnership with Canada. This moot-status reality is why there’s no substantive engagement.
‘No deal’ -until USMCA redo- is a win for President Trump.
The United States-Mexico-Canada Agreement (USMCA) is set to expire on July 1, 2036, 16 years after its entry into force on July 1, 2020, unless all three countries agree to extend it for another 16-year term. A joint review is scheduled for July 1, 2026
in July 2026, during the scheduled joint review of the USMCA,