That’s the thing- he’s actually set the predicate to make a bunch of good deals with everyone not named China, which we should actively fuck with and try to reshore a bunch of national security type shit (meds, rare earths etc) to make us less dependent on them. It should be “open for business bring us your best offer” and then boom boom boom, trade deal after trade deal. It would take about 30 minutes for the market to basically recover everything and for the 10 year to get back in the right direction.
But, it’s actually possible that he does want tariffs and not freer/fairer trade and this is a feature not a bug, in which case who the fuck knows where the bottom is? He’s talking out of both sides of his mouth and the market is completely unable to figure out what the end game is here, because who can actually know?
fascinating shit. If you are up 100k cash it all now and don’t sweat what you could have won think about being so right and losing it all because you got greedy.