Yet the market moves and everyone is saying the sky is falling.
I think that's more because most of the world views him as a blustering idiot now.
But still in the most powerful position in the world, which would make any market uneasy.
Too much rapid back and forth, u-turns, totally disingenuous announcements, clearly still bowing to the corporate overload. I don't even think his most dedicated supports right now could say this all seems like the gameplan.
You go back to the initial, what we thought could be and there was clear merit to it. The tariffs on Canada for instance, as a Canadian do I enjoy it, no but clearly it did force our gov't to allocate more money to the border, a non-trade outcome which is what I thought these tariffs were going to be for, and that makes for a compelling use-case. The blanket across the world tariffs and screaming absurde numbers across the pond at China, it detracted from everything.
There is a tariff use case to be made when it comes to getting non-trade related outcomes and I legitimately thought at the beginning that's more what it was about. And to some degree it worked to his credit with Canada and Mexico but then it kept going and not only is the use case starting to get lost, I think a lot of initial support is as well. Probably even from internal advisors.
This post was edited by SBD on Apr 23 2025 10:33am