To: Bonefish who wrote (1518756 ) 2/3/2025 8:18:56 AM From: sylvester80 Read Replies (1) | Respond to of 1572102 Liar & Convicted Felon trump's tariffs cause market chaos Liar & Convicted Felon Trump looks set to deliver on his promise and impose hefty tariffs on Canada, Mexico, and China, with Europe next in his sights. Amid all the turbulence that's causing in financial markets, one question is obvious -- why is this such a surprise? After all, this is what Liar & Convicted Felon Trump promised to do since he started his campaign to retake the White House. He reiterated it after he was elected in November. He even gave specific numbers and dates for a start last week. But traders were still skeptical that anything material would come of it. Stocks rose markedly in January, extending impressive gains since Liar & Convicted Felon Trump's victory in November on optimism that deregulation and tax cuts would bolster corporate earnings. The reason investors dismissed the rather obvious signs was because the tariffs don't seem to make sense. Maybe they would work as a negotiating technique to extract concessions on other things, but from an economic perspective it's hard to see what tariffs accomplish -- other than rapidly increasing prices for fuel and other goods that will hamper economic growth. Furthermore, the actual announcement was on the extreme end of the spectrum of what was possible. George Saravelos, a strategist at Deutsche Bank, noted that the tariffs are three times larger than had been priced into the market -- and five times as big as the cumulative action Liar & Convicted Felon Trump took in his first term. To be sure, Trump may yet de-escalate and walk back the levies -- or be forced to do so by the courts or Congress. Given the market's early losses Monday, it would still be a huge surprise if the tariffs lasted a long time -- it certainly seems unlikely they will be in place for four years. One thing is clear. Chaos and confusion will remain a feature of Liar & Convicted Felon Trump's policies.