Yeah, it's a good day today, but the affect of the "new world economy" is not known yet.
I like today, and I like not reciprocal tariffs for 90 days.
But every trading partner still has a new one week old 10% tariff to sell goods in the USA.
China has I think a 125% tariff to sell goods in the USA? So, we're not buying or selling with China in the coming weeks / months / who knows?
I was in T Mobile today, and asked them what their management had told them about iPhones costing double what they did last week. They didn't have any news yet. But ya know, this seems like a deal.
So today is good and better than reciprocal tariffs.
But....do you want to hold stocks through Q1 earnings releases (which will be great, because the tariff threat pulled in lots of future orders), and Q2 guidance?
With a new 10% tariff on US imports, are sales going up?
After 90 days, what happens then? We're still going to have big surpluses with plenty of countries. That's no good! Will we put a tariff on them because, you know, they're ripping us off? |
