Investors hope nations will make deals with Trump to remove their minimal or nonexistent tariffs before Trump's do more harm. But if they just wait it out, a 50% drop in the stock market, soaring consumer prices, and mass layoffs will force Trump to drop his tariffs unilaterally. https://x.com/PeterSchiff/status/1908853742260154807
That won't happen (in time)...
If the market panics and gets into full bear, everything happens so quickly and before long, the hidden 'monsters' in the closet starts imploding
...and GFC 2.0 could already be on the doorstep, while other countries watch America go down in flames, and shooting themselves in the foot. And it would be a bigger ask for Trump to backflip, because that tantamounts to a shameful retreat and an acknowledgment of gross error on his part.
