Someone is caving on tariffs. Word is spreading that tariff reductions on China are coming and that has the stock market popping again even though no trade deals have been reached.
US stocks rallied Wednesday after President Trump said he has "no intention" of firing Fed Chair Jerome Powell, easing Wall Street fears over the central bank's independence. Meanwhile, Trump also softened his tone on tariffs, hinting that eye-popping duty levels on Chinese imports would ultimately be scaled back.
“President Trump is finally signaling that his trade war has caused enough mayhem and he’s willing to do some damage control. Trump, so far, has raised the average import tax on some $3 trillion worth of products from 2.5% to 27%. He has also threatened to fire Federal Reserve Chair Jerome Powell for not fixing the damage Trump's own policies are causing”
what if the market is moving independent of the public perception of the application of tariffs?
what if the sell off was normal profit taking in an overheated market?
what if two consecutive days of the market climbing back up is really just bargain hunters scooping up some good deals and/or due to changing expectations as first quarter earnings reports come in?
what if the discussion of tariffs is just being framed around these independent actions to suit a narrative?
So when the “trade war” is over, the bad orange man will have significantly improved on all past tariff deals for the United States. Let’s all make sure to mock him since he didn’t close the deal on his initial offers 😂 …. Hey bb, not many people understand the basic concept of a negotiation. I know you do because you’ve bought/sold more real estate than anyone on the board.
Curious what the numbers will be when it’s all said and done. How many billions/trillions of dollars coming back to the US would it take to be worth all this “mayhem.”