Well, the market has spoken to Trump … punitive tariffs will inflict considerable pain on the US economy and investors.
Uncharitable me says Trump flinched when he saw the severity of mark reactions and the widespread consistency of critical media commentary, and reached out to Mexico and Canada to offer the 30 day freeze on announced tariffs.
No way does Trump want to have ownership of tanking US markets.
So if I was a negotiator for Mexico or Canada, I would be sorely tempted to call Trump’s tariffs bluff and refuse meaningful concessions and reinforce preparedness to implement tariffs on targets US exports if forced and seek to diversify their own export markets.
With Trump’s America rapidly on the nose with global allies and partners I would imagine Mexico and Canada would chisel out new export destinations.
Pinning just got a whole lot harder when huge intraday reversals in response to Trump’s streaming consciousness (aka brain fluffs)
