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If Musk thinks that Navarro is a “moron” who is “dumber than a sack of bricks” he should also call Trump a bigger “moron” as the Prez is more hawkish than Navarro on tariffs. In the internal Trump 2.0 inter-agency fights on trade the protectionist uber-hawk Navarro was always asking for 10 (maximum tariffs on all trade partners, based on a 1 to 10 scale) knowing that “gradually-escalate-to de-escalate” relative doves like Bessent/Miran would propose 3 (and new uber-hawks Lutnick and Miller were at 8). So Navarro asked for 10 hoping to get a 5 on April 2nd in this inter-agency tariff boxing match. Instead, to the surprise of Navarro himself, Trump went for a 9 (near max trade war) thus triggering a 3 day market meltdown till yesterday. Only when the market meltdown accelerated cooler heads like Bessent got the upper hand and convinced Trump on Sunday at MaL to partially de-escalate and start negotiations with most key trade partners ex-China. So the real moron in this story is the impulsive Trump. And in spite of still difficult negotiations with most trade partners the moron-in-chief is threatening to escalate further with a China that can’t be - unlike all other trade partners who have no leverage and are blinking - bullied into submission. So partially relieved markets today can still go very south ahead if US and China escalate in a tit- for-tat trade war, thus triggering a global recession!