re: How confident are you that Trump and his team know what they are doing with tariffs?

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It was almost equally as unlikely as it was likely that he would ever be reelected.

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Not true at all. Covid changed things.

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Did he think to himself, "I've been itching to roll out all of these tariffs and renegotiate these trade deals since the 80's, but I'll probably just save it for my 2nd term even though I think it's critically important." ?

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It's a reasonable question.

In 2017, Trump was a different person in terms of WashDC experience. The result was his momentum was stunted right off the bat. He was hamstrung with Russiagate. He chose advisors based on recommendations, rather than loyalty and personal experience. That turned out to be a mistake as many of those with their own ambitions, turned on him creating chaos.

Bottomline: Though he brought tariffs against China, renegotiated trade pacts, etc., Trump lacked political capital to pull off a 2025 paradigm-shifting approach.

Same

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In 2017, Trump was a different person in terms of WashDC experience. The result was his momentum was stunted right off the bat. He was hamstrung with Russiagate. He chose advisors based on recommendations, rather than loyalty and personal experience. That turned out to be a mistake as many of those with their own ambitions, turned on him creating chaos.

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Has it crossed your mind that he was reelected precisely because he had sane people around him who kept his worst impulses in check during his first term?

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Has it crossed your mind that he was reelected precisely because he had sane people around him who kept his worst impulses in check during his first term?

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Like Fauci, Milley, Tillerson, Pompeo, Sessions, Wray, etc? No TBH it hasn't. But that's more a discussion for the poli-board.

They were all his appointments, albeit based on 'strong' recommendations, including Fauci to play lead in covid. So ITR the buck stops with Trump.

For this board though, a discussion of Powell's (another iof Trump's appts) new found view that tariffs are "inflationary" would be worth having.

I don’t think trump knows with certainty that China will relent.

While he can’t control China, he can control how he perceives the outcome and
I know that no matter what happens, trump will claim success.

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We definitely aren't going to agree.

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e.g., Milley may well be the worst CJC in US history. Trump appointed him. It is what it is.

The guy has the attention span of a gnat
He's on China then he's blaming the French for Continental drift
He's too ADD for the complex issues

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If not for the invention of mass hysteria through MSM, the market would have barely moved with these happenings.

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Utter nonsense. The MSM isn't what kept slow boats from leaving Europe and Asia because they had no idea what they would have to pay to get their product offloaded at port in 2-4 weeks.

As I've said many times before, while I personally disagree with it, there's nothing inherently wrong with Trump aggressively going after trade deals. His frick up was the first 30 days or so of how he handled it. Fortunately, he pulled his head out of his arse, and it looks like things are progressing reasonably well.

But the market crash is 100% due to Trump's buffoonery during the first month or so of this endeavor.

There is a slow train coming down the tracks. Get back to us this fall.

Don't know what you,are saying. I replied to a guy pointing to current stock market numbers. I predict the market will be lower later this year.