...you can't get too excited about positive developments on the tariff front.
...while Trump can change tariff rates on the fly, I don't think neither he nor anyone else can determine with real accuracy where the final tariffs land, if at all.
...the tariff movie is like the scene from Scream movie, you won't know if it is the real killer or just a prank, all you know is that the threat is there and the only constant is Fear & Uncertainty.
...if FUD (fear, uncertainty & doubt) lingers, it leaves economy & markets in a constant state of flux and leads to paralysis. If you are a foreign pension fund, you don't need to do this so they'd rather leave the US and focus elsewhere.
...and trust me, if Trump's tariffs get invalidated (which I think won't hold or obeyed), he will have other ways to threaten other countries into compliance with his wishes. It didn't take long for the US to bring up the matter of compensation for their 50k peacekeeping troops in Japan.
--------------
50/50 chance we go back to 145% tariffs on China simply because Trump is really insecure about his new nickname TACO.
