Tariffs bluff
Apparently a lot of investors didn’t except Donald Trump to pull the switch on tariffs this fast. And the markets responded in this fashion, by dumping stocks and crypto massively. Bitcoin went from 105K to 91K in a matter of hours. Altcoins lost between 15 and 40 %, and the expectations for the S&P 500 are negative.
But…
The tariffs aren’t in place yet, Mexico and Canada have got a 30 day delay, and negotiations have started again. Europe has gotten a warning by Trump and China has the option to negotiate too…
So nothing is definitive yet, and it probably will all be settled in negotiations, which is actually how Donald Trump wants things to end. He doesn’t want to get countered with tariffs on import products from Mexico and Canada and have the population pay for it.
So, look through all the bluffing and trade rationally!
Sincerely,
Pele23
Posted Using INLEO
Yes he is winning here as it will happen on his terms. Canada my have had a proposal n place to guard and patrol the border, but at least now they have 30 days to make it happen. Very little or a tiny percentage of the problem drug is actually getting found at the border so this will help prevent the large quantities making it through unchecked.