Sorry to hear that potential Lori. With any luck, maybe some of this gets negotiated down or at least maybe not as significant as it currently stands.
Well the news is out and the market has reacted. I figured with the advanced warning most of this would be priced in. Hopefully today's massive pullback will be our capitulation and we can move on from here. I am hoping we can get all this behind us in the first half of the year and hopefully have some sort of market recovery in the 2nd half. I guess this is an experiment to see if the 'rip off the band-aid' approach is effective or crippling.
Yeah, we definitely took out that prior "bottom" this morning. I think it was the size and broadness of it that may have caught the market a bit off guard.
Yeah, the only sector holding up today appears to be consumer staples sector. Which is not too surprising considering the messaging at the moment. Anybody pick up any shares today? I did snag a few shares in my broad index fund. I just couldn't resist today.
Oh boy...I feel my ass on fire ... Still...I grabed a few Amazon shares. My oldest girl did the same; she got some Google too, by my tip.
This is the political game Trump is playing. Vietnam already came to the table with a deal, he didn’t mention that yesterday because he wants to the credit for it when he announces it in the coming days/weeks. We will see this play out with all the different countries and I expect him and his advisors are expecting good news will flow from these announcements.
In case anyone wants to know: Those tariffs charged to the U.S. (the left column %) have been proven to be absolutely made up nonsense. Those are absolutely not the import tariffs in other countries. In addition, how did they came up with the right hand column? They just used the percentage of the trade deficit and cut it in half. Boom! 100% IDIOCY!!! Tariffs in small countries are to protect their small local economies and allow them to become competitive with the rest of the world, otherwise some multinational company will muscle its way in and dominate their entire economy. By the way, you know who used to have heavy import tariffs to protect its fledging economy when it first started out? The U.S. This is all political crap. Most of these jobs are not coming back. They will either be relocated or automated. And I am curious, where will all this tariff money go in what is essentially a large tax on consumers?
You know when those charts were released/posted, it just didn’t make sense when you looked at it. It just seemed too far out of balance from just a common sense perspective. Don”t get me wrong, I could certainly see any of our politicians stand idly by and not give a hoot about any of us. I mean they seem greatly concerned about important stuff like saving TikTok rather than economic success. Sure enough, I did a little digging myself, and learned a bit about the inaccuracy of these numbers. It is no wonder that we side eye just about any information anymore.
Supposedly, it goes to the Treasury Dept, and then into general fund of the government to spend on whatever.
