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"So are we going back to the tariffs are on, the stock market slumps, the tariffs are on hold, the market recovers cycle again?"
I'm confused, can't keep up with all of the TACOing and Waffling. We're coming up on
90 days from when Trump 1st said there was a 90 day pause on tariffs. But yesterday I think Bessent said that they expect to have many deals done by Labor Day. So that's approximately
another 90 days. This ain't no way to run a shakedown of our trading partners,lol.
I'm expecting inflation to keep ticking up, despite Trump's bloviating that domestic
companies better eat the cost of tariffs and not pass costs on to consumers. The
stocked up inventories have got to be dwindling. I heard today that port traffic in the LA
area has in no way picked up, so doesn't look to be much of an effort to get inventory
levels back up. Can't say I blame the companies, since Trump's story changes more than the
wind shifts.