Tariffs tariffs tariffs. Who has ever thought about them? Who thought they were even around anymore but just a thing of the past. Everyone was content not knowing about them until Trump brought them up. Everyone was perfectly content not knowing about them and the butt banging we take from every country. But try to even them out and the whole country goes hysterical thanks to the Trump hatred.
I have zero Trump hatred. I have a big hatred with what happened to my money in the stock market the last 2 days and it appearing that I am not going to be able to buy a car I planned on buying this summer unless this crap gets sorted out. No one wins a trade war. Ronald Reagan got it right.
PS. I'm not saying there should not have been something done about the imbalance in trade, but the method chosen of not targeting the biggest offenders wasn't thought out. The blanket approach showed poor planning coupled with poor execution. That's a double thud. I just hope a recalculation is in order and in order soon, or else its gonna get really ugly. No one likes ugly.
It’s only a loss if you sell, right now. The markets take the stairs up, and the elevator down, and panic drives bad decisions more often than not. Analysts were warning of a correction back before Thanksgiving. I’d be willing to bet it takes about two weeks for most of this to be behind us.
Most of the tariffs are not exactly reciprocal, they are running at about 50% of what we are paying. There is a reason for that. There simply is no other US market for the world to go to. China, a manufacturing powerhouse, is painfully aware of the fact they literally can not feed themselves. The poorer countries are lined up TODAY to renegotiate their tariff structure with the US. See Vietnam for an example.
The people with real money are picking up some bargains. You telling me you’ve never seen a downturn before?
Best,
Ted
